Please watch my latest video above for my perspective and review.
Backdoors do have their uses however in an unregulated market we need more disclosure and language that allows investors more clarity on what they are about to engage with.
I am not saying that Bancor will act inappropriately or otherwise, what I am identifying is that we, as a collective, need to be more diligent in understanding our position in regard to the smart contracts and potential risks via backdoors and the small print hidden amongst the code.
I feel there needs to be a “DECENTRALISED WITNESS DRIVEN” regulating body that verifies all elements within each smart contract and allows full interpretation and legal ramifications to be made clear the general public and all investors.
Full disclosure is required in a format that anyone can understand.
Following are the three Bancor backdoors.
Can someone verify these to be true or otherwise?
What are your feelings on this matter?
Let me know what you think of my video and comment below.
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Have a great day!
~Sebastian
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