Ethereum Will Be the Backbone of the New Internet

medium.com

6 pointssaifazmi2 comments

That’s a LOT of financial incentive for someone to try to hack / exploit the network. And yet to this day, almost 3 years after Ethereum’s mainnet launch, no one has managed to find an exploit in the platform’s security.

That might mean there aren't any, or that there aren't many people looking, or any exploit is really hard to find and hasn't been figured out yet, or that a malicious attacker has found one but hasn't used it yet because they're waiting to maximise their gain.

The fact there aren't any published exploits is not a sign something is secure (or not secure).

There are so many insecure badly written "smart" contracts out there that are an easy target, that trying to hack the main network is probably a waste of time.

And anyway, if someone hacks a small contract s/he will get away and keep the money, but if someone hacks the main net then Vitalik will undo^H^H^H^H fork and make it worthless.

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