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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
What are the implications, do you think, for this decision?
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
And is this what we want from our L2s?
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
Like ultimately, in this case, maybe you'd argue that it was a good thing, but does it have implications downstream?
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
Well, that's the whole thing.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
Like, who decides what the right thing actually is?
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
I mean, that's the entire crypto experiment.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
And here we go with, like, states and democracies and governance and all this kind of stuff.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
But, okay, so let me ask you guys this, because I think this is worth, like, really, really talking about.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
So I think you can run both experiments.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
It's fine to have both experiments, right?
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
So you have some environments.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
That's Ethereum L1, let's say.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
That's Bitcoin, where code actually is law.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
And you're playing Diablo 2 on hardcore mode, where... Right.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
Like things happen and it's actually dead.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
Everything's over.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
If you die, you die, yeah.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
Yeah, you have actual bearer instruments.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
And then every layer two or other chains or assets or smart contracts, they have to make a decision.
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The $280M DeFi Exploit That Changes Crypto Forever | Dan Elitzer & Odysseus
They have to either decide that code is law or it's not really law, right?