Daniel Von Fange
3.5K posts

Daniel Von Fange
@danielvf
Skilled Professional (most days). Defends against the bad guys.



TCP/IP is great but it would be a lousy spec for intrabank transfers. No one would know what to say over the channel. The great benefit of a standard is that it solves the O(N²) complexity of intraparty communication, and turns it into each party just coding to a single spec. It would be hell-on-earth for app and wallet developers to be unable to know what kinds of frame transactions would actually get through the mempool. The current plan is not only unknown evolution over time on what is accepted, but also having per provider differences in acceptance criteria. That's really bad combo if I'm trying to design a smart account wallet that I'm going to be putting 400K into auditing and testing. At a minimum there should be at least a spec on what is guaranteed to be universally accepted.









back when flash loans were first popularized, it opened up a whole new vulnerability class before then, oracle manipulation never seemed to be feasible, but suddenly attackers realized they had access to billions of dollars needless to say, a lot of protocols got hacked i wonder what vulnerability classes still lay dormant, waiting for a novel mechanism to unlock them 🤔


















