I think an unscrupulous developer would find 10% of $275mn to be a pretty big in... | Hacker News

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blake1 on June 17, 2021 | parent | context | favorite | on: The collapse of the IRON stable coin

I think an unscrupulous developer would find 10% of $275mn to be a pretty big incentive. Sure it’s relatively less, but still a very large number.

xur17 on June 18, 2021 [–]

Typically projects like this start with "training wheels" like this at launch, and gradually increase the timelock delay and / or move the control over to a dao to control.

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