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> There exists a transparency in the open-source code of smart contracts that will disrupt the current gatekeepers like the internet did

Ah yes. How can we forget the community-audited and vetted smart contracts that ended up draining its users' wallets of all their money. Transparency!

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Well, as opposed to hearing "oops our black box implementation of your information got hacked", I honestly don't mind the trend of "read the contract, it is code". Sure it can be misleading, sure it can be intended to trick someone. However, code is law, and even backdoors are "code". Instead we should fix the backdoors so that code can be reasonable "law".

> Instead we should fix the backdoors so that code can be reasonable "law".

There never will be. For the absolute vast majority of people, programmers included, these "contracts" will be a yet another blackbox.

Moreover, it already is a blackbox even to the people who develop them, because they can't find errors in their own software and APIs.

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