October 2nd 2026, 1:30 PM
Debate Over THORChain and NEAR Highlights Limits of Ideals
Key Summary
The furious debate over Bitget’s $387.7M of hacked funds comes down to whether ideals around “permissionless and decentralized” tech means never intervening — even if you could.
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The Great Hack Debate
The intense discussion surrounding the $387.7M Bitget hack centers on the tension between decentralized ideals and intervention in cases of extreme circumstances, raising questions about the feasibility of 'permissionless' tech.Limitations of Idealism
Furious debate about THORChain and NEAR shows that idealism has limits, with some arguing that intervention is sometimes necessary to protect users and the ecosystem.Implications for DeFi
The incident highlights the need for a more nuanced approach to decentralized finance, one that balances the benefits of 'permissionless' tech with the potential risks and consequences of inaction.#THORChain#NEAR#Crypto#DeFi