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kenanie.eth
@kenanie.eth
I ain’t gonna lie. Base so far seems to have the most rugs and I gotta ask what the founders are doing to combat it. Cos if the current state of things continue, base would lose the trust of crypto users and be tagged a rug chain, which would affect the reputation & performance of the ecosystem
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Andrei O.
@andrei0x309
Interesting perspective, what solutions do you have in mind to combat rugs? I think the surge of rugs can be explained by the short-term accumulation of value, which base chain seems to be a leader right now, time will pass rugs will move to the newer hottest thing. As they usually do.
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kenanie.eth
@kenanie.eth
I had a conversation with my friend yesterday and we pointed out that Base could be the BSC of this bull run. My friend pointed out that the major mistake Binance made was allowing everyone to be able to create smart contracts. In my opinion, the mistake was not finding a way to regulate the creation (contd)
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Andrei O.
@andrei0x309
For sure, measures such as not allowing anyone to create smart contracts will have the maximum effect to curtail rugs. It's also something that a lot of ppl would be against. As most effective solutions degrade the idea of "permissionless" which theoretically is critical for the popularity of a blockchain.
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kenanie.eth
@kenanie.eth
I agree with you on that. But I also think there are solutions that can be implemented without necessarily degrading the permissionless nature of the blockchain. We’re not necessarily looking for a solution with maximum effect but something that can bring down the high level of rugs.
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