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Comment by ATsch | Hacker News Reader

> they are entirely public

Yes, you're just not clever enough to understand all of the jargon I just invented and refuse to explain, audit every line of code, audit the organization that actually controls the project, spend a month brainstorming all of the possible failure modes and get a PhD in multiple disciplines to discover if any of my claims are deceptive.

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Token contracts have to be short to keep them cheap. If you get scammed with a token because you didn't read the contract you kind of deserve it IMO.

No one reads them though, I've been surprised by the things I've found in some.

Some people read them but hackers exploit them long after they are published. Doesn't that suggest that they are not easily understood?

Tokenomics are generally aggregated and published by third party organizations for almost every project.

Blockchain analytics are also big business.

My point stands- it's hard to hide things on an open source, decentralized blockchain.

> it's hard to hide things on an open source, decentralized blockchain.

And yet, why do ransomware attackers only accept crypto?

Because the legacy banking system will just take their money. Decentralized systems are not only more transparent, they are also more inclusive. But note- dollars are far and away the largest medium of exchange for criminals. So if you want to get into that comparison, feel free.

disinformation is the new secrecy.

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