Skip to main content

Web3 Scams

Systems that are built with

  • Honesty
  • Integrity
  • Respect

Will be rewarded with loyalty.

The key attribute to the promise of Blockchain technology and Web3.

The State of Data in the Blockchain

  • Blockchain engineering
  • Secure Transaction logic has no exploits
  • Contract Transaction Logic
  • Offchain data has integrity

Blockchain engineering

Decentralisation is a key factor in protecting trust by ensure the integrity of the underlying data storage.

If the blockchain is not decentralised then your trust is in a central group that runs the blockchain. The question of faith then becomes whether you trust a governing body to do the right thing.

Contract Logic Exploits

Unfortunately you can't trust humans.

Some are ingenious at exploiting mistakes to wipe funds from a contract. Others that create contracts the exploits intentionally so

See Damn Vulernable DeFi

Context