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A Smart Contract with the Devil

Since its launch as the first public platform for smart contracts, Ethereum has released new software at a breakneck pace, gained wide adoption and mindshare, and skyrocketed in price. But as a consequence of design decisions favoring popularity and rapid development over security and stability, it has opened itself up to terrible exploits and thefts that have resulted in great financial loss to its users. None of the problems, however, are inherent in smart contract technology; rather, they are issues of specific to this implementation.

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