Lesson 1 / 8 · 10 min · take your time
A program on a chain can drain you
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A program on a chain can drain you
A is a program the notebook will run when someone pays the fee. It does what it is written to do — including mistakes. Ethereum’s public machine launched 30 July 2015 (Frontier). Anyone can deploy a program. Few programs are worth a sentence. A sentence is not a ticket.
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A is a program the notebook will run when someone pays the fee. It does what it is written to do — including mistakes. Ethereum’s public machine launched 30 July 2015 (Frontier). Anyone can deploy a program. Few programs are worth a sentence. A sentence is not a ticket.
The is the classroom scar. In June 2016 a program on Ethereum was drained by a use of its own rules that its authors did not like. On 20 July 2016 a large part of the crowd chose a fork that unwound that drain. Ethereum Classic kept the drained history. Nominative: those marks stay with their chains. “Code is law” met a vote. Votes are people.
Audits miss bugs. Formal papers miss bugs. A bug can sit quiet until someone finds the drain. This desk will not connect a to “test a contract.” If a page asks you to sign a “claim” or a “,” leave. A signature can approve a spend of the pile.
Human: the first time you hear “trustless program,” remember The . Trust moved from a bank to whoever wrote the code, whoever audited it, and whoever still holds an . Count them. Then look. Do not buy.
See it on the board: Ether
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