The way I read the article, the “worth millions” is the sum of the ransom demand.
The funny part is that the exploit is in the “smart” contract, ya know the thing that the blockchain keeps secure by forbidding any updates or patches.
The way I read the article, the “worth millions” is the sum of the ransom demand.
The funny part is that the exploit is in the “smart” contract, ya know the thing that the blockchain keeps secure by forbidding any updates or patches.
Well, just because a company holds the ledger of who owns what doesn’t make it impossible to police, governments order companies to do stuff all the time, that wouldn’t stop, but it would make it more difficult to police.
Ok, so who’s the government going to order to change the blockchain?
You seem to misstakenly believe that I support this, I don’t, I just argued against a dumb reason as to why it wouldn’t work.
And what’s your argument?
I recomment that you read my earlier comment to read my argument.
You claim that “governments order companies to do stuff all the time”, but how does that apply to an entry in the blockchain, which we’ve agreed is the authority on who owns property. The hint is: a company couldn’t change an entry in the blockchain, even if the government ordered them to do it.