/biz/ - Business & Finance

>>25526240
>Lol so why the fuck would I trust my money to a project created by a brainlet who got scammed by bitconnect?

Anon, code is trustless, you don't have to trust the person you just have to trust the code. The code is open source, you can see if there is an 'origin address' or anything like that.

The entire point of smartcontracts is that it's trustless, so you don't have to trust him.

That is the entire nature of crypto, you could be doing a transaction with a sociopath, but they can't fake sending you the coin because you can verify it for yourself. It's trustless. That is the whole reason why people want crypto over fiat and the traditional banking system.

Like I said, HEX's problem is nothing to do with it's smart contract, and I haven't once criticized it. What I have said is that the smart contract is designed to give the 'origin address' a controlling share that is being used to recycle back into the system, and even Richard himself admits that.

No offence anon, but a trustlessness and smart contracts are fundamental concepts in the crypto space, so I'm honestly baffled why you would ask why you would need to 'trust the project'... You don't, you just need to verify the code is what it says it is. (Peter Griff did not design the code, BTW. It's also been audited by a 3rd party, one of the company's that audited HEX's code).