cryptoleft

why would anyone trust Israeli companies in cryptocurrency?

why would anyone need to trust a company in cryptocurrency tho

A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

starkware hq is in Israel, many web2/web3 audit company (Certora etc.) is in Israel.

Yea but isn't the point of this technology that we don't need to put trust in companies and individuals?

Yes, assuming software is written correctly which is a very hard problem! From code itself (backdooring in algorithm, vulnerability) to supplying the hardware (Lebanon pager supply chain attack) there are things that can and will go wrong. The fact that Israeli security company is still trusted even when they violating journalists and activists with their malware or executing largest supply chain bomb ever so marked them off the industry forever.

right, and defi protocol still need audits

For sure, we shouldn't trust adversarial entities when we have something that relies on that trust.

But the premise of cryptocurrency is that we can build robust mechanisms that survive adversarial conditions.