/biz/ - Business & Finance

>>49932797
>hello mister Hoskinson, I'm senator smith representing the fifth district, my constituents have been unanimous regarding their concerns about risks posed by the complexity of smart contracts, such as vulnerability of exploits and unregulated yield ponzi farms, as we've recently seen with the collapse of the terra luna platform, the insolvency of over leveraged hedge funds staking illiquid synthetic tokens across defi protocols, and there's also the unethical issue of miner extraction value allowing bad actors to front run honest market participants and weakened retail investors, now how do you propose to resolve these critical issues? thank you
>well um mister Smith you see, Cardano is at the forefront of major breakthroughs in these matters, as it doesn't actually have smart contracts and we have no developers working on any dapps therefore it's 100% risk free