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Author Topic: Delusional or not?  (Read 177 times)
Saisher
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December 24, 2021, 11:25:41 AM
 #21

Decentralized or centralised I don't care but in future if a new smart contract project comes with auto smart contract verification it's over, let me explain this better, a project that will run on such smart contract will be licensed, there will be no room for copycat with fake smart contract that lures people into buying wrong tokens for example on uniswap or pancakeswap, for example a project named waki will remain waki with a licensed smart contract address, no other will be able to share same name and smart contract

You give developers ideas let's see if they are going to pick this up and build a project with this idea, but we have a project that verify if a particular project is good, it offers

Quote
Smart Contract Verification
Verification of smart contract audits that deliver a trusted digital certificate.

Business Verification
Verify the authenticity of businesses and services through a certificate of confidence.

The name of the project is CheckDot https://checkdot.io/ they are already in the market https://www.coingecko.com/en/coins/checkdot
it can help the community to trace what projects are worth investing.

redwine49
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December 24, 2021, 12:30:50 PM
 #22

You give developers ideas let's see if they are going to pick this up and build a project with this idea, but we have a project that verify if a particular project is good, it offers

Quote
Smart Contract Verification
Verification of smart contract audits that deliver a trusted digital certificate.

Business Verification
Verify the authenticity of businesses and services through a certificate of confidence.

The name of the project is CheckDot https://checkdot.io/ they are already in the market https://www.coingecko.com/en/coins/checkdot
it can help the community to trace what projects are worth investing.
that's like @OP wish. i have seen many project just like this in 2018, but they start to fall apart if there is no money to be made.
it will be a big challange for them in the next couple years, hopefully they succeed.
Pahom
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December 24, 2021, 12:33:22 PM
 #23

Actually, I invest only in projects that have license and have an audit passed. Audits it is like an insurance that there will not be bugs probably, so my assets will be in safe and this platform will not be hacked. It is very important that people are not confused by tokens with similar names and smart-contracts, this way there will be less mistakes and losses.

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fvb
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December 24, 2021, 01:50:08 PM
 #24

But in order to get a license, you need to recognize the cryptocurrency as a valuable asset. And the very principle of licensing breaks the whole idea of ​​decentralization. And really what authority will issue the rights to companies. It sounds more like nonsense.

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irsykes
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December 24, 2021, 02:29:44 PM
 #25

Licensed i mean who will publish it, i mean i read a few comments it means need something legal like government to make it happen. I think if people already know and really deep to research about project that he want to invest, we shouldn't be worry to trapped into scam project or project which only copy from others. It is that simple, because a lot of people only follow which still get hyped and don't think about it (the research).

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December 27, 2021, 04:54:00 PM
 #26

let me explain this better, a project that will run on such smart contract will be licensed, there will be no room for copycat with fake smart contract that lures people into buying wrong tokens for example on uniswap or pancakeswap, for example a project named waki will remain waki with a licensed smart contract address, no other will be able to share same name and smart contract
When are possibilities for launching coins and token anonymously then how it would be possible to take legal action? The concept of decentralization is purely depending on self-responsibility. It means you need to take care of your investment and your assets and no one will be responsible for anything.

But, there are possibilities about community-driven blacklisting. It means if there would be any initiative to list legit and scammy things then people will act accordingly for their secured stay in crypto space.

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December 28, 2021, 04:14:07 PM
 #27

By licensing a smart contract it needs centralized entity that decides which smart contract is licensed and which are unlicensed.
Honestly, we are already fine the way it is now, most of platform like uniswap always giving warning to the users to keep checking whether the coin they bought is having a correct smart contract address or not. However if someone is new to crypto they better stay in centralized exchange that way they will be guarded from the risk of buying fake tokens by the scammers. that means the protection for new investors by using the dex needs to be increased. that's why DYOR was always the best way for anyone to deal with this thing. at least they know that how to get the real address of smartcontract and avoid being trapped by the fake contract


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December 28, 2021, 09:08:47 PM
 #28

Decentralized or centralised I don't care

But you should care... I care about it! It's not the same, we need to know who is in charge, and before everything else, the ones who are in charge should do things transparently! I like privacy coins, and I don't care what people do with their own money in their own free time, but I do care about government is doing with the money they get from all of us!

You are delusional if you think that something centralized can fix the global problems... and I am not stating that decentralized can fix the problems, but at least with decentralized, we have some chances!

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December 29, 2021, 06:34:50 AM
 #29

Decentralized or centralised I don't care but in future if a new smart contract project comes with auto smart contract verification it's over, let me explain this better, a project that will run on such smart contract will be licensed, there will be no room for copycat with fake smart contract that lures people into buying wrong tokens for example on uniswap or pancakeswap, for example a project named waki will remain waki with a licensed smart contract address, no other will be able to share same name and smart contract
Such smart contract will require a new blockchain so the problem you're trying to solve will still persists in other blockchains unless you have the ability to force all tokenized assets to move to the new blockchain which I don't think is possible.
You don't have to be delusional, the solution already exists and it requires little time to research before you put your money on any tokens.

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