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A Crypto User Sent $50k to a Smart Contract. It's Gone Forever

3 pointsby mudgeover 4 years ago

2 comments

alangibsonover 4 years ago
&gt; The problem with the ERC-20 standard is that it doesn&#x27;t provide a way to check if a contract can accept certain tokens, an Aavegotchi developer noted.<p>I&#x27;m constantly amazed by the elementary mistakes made in cryptocurrency implementations
ubermanover 4 years ago
Can someone explain what this actually means?<p><i>The developers added that since there are (almost) no “undo” buttons in the world of crypto, the user’s LINK tokens are now stuck in a non-upgradeable—and thus immutable—GHST staking contract forever.</i><p>What is a GHST staking contract, and why can&#x27;t the other party in the contract simply refund the tokens in a second transaction?