153k Ether Stolen in Parity Multi-Sig Attack
I&#x27;ve posted this before [0], but it&#x27;s still apropos regarding the foolishness that is Ethereum.<p>[Ethereum] only makes sense if all of the following obtain:<p>(a) the code is 100% bug-free (b&#x2F;c accidents cannot be rewound)<p>(b) all code-writers are 100% honest (their code does what they say)<p>(c) all contract participants are 100% perfect code readers (so as to not enter into fraudulent contracts)<p>(Strictly speaking, only one of (b) and (c) needs to be true).<p>None of these conditions will ever obtain.<p>[0] <a href="https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=14471465" rel="nofollow">https:&#x2F;&#x2F;news.ycombinator.com&#x2F;item?id=14471465</a>