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a16z crypto
@a16zcrypto
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加入 June 2022
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When a crypto protocol gets hacked, everyone knows the number. When a traditional organization gets breached, the details often stay buried. @eddylazzarin on what that does to crypto's reputation: "Crypto's transparency makes it more evident when things have gone wrong. Stealing hundreds of millions of dollars or 50 million, or even just a million, is so salient and so specific." "I know a lot of traditional organizations that are worried about hacks. It's hard to quantify the damage. You just hear like 'information leaked.' Okay, how bad is that really? The grand scope of the damage is hard to say. Still really bad, but it's mushier." "A lot of the damage in conventional hacks is hidden. In fact, corporations have a very strong interest in avoiding people seeing it, to avoid backlash and scandal." "And so crypto has a unique disadvantage narratively when it comes to security issues, and that's unfortunate."
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