In this episode, we talk about the developmental philosophy of Move fast and break things, its origin, and how it drove the development of Facebook and other startups to success. Then we explore the concept of “safety-critical systems" and why these systems are different from systems like social media platforms. Then we compare the developmental philosophies of Ethereum and Solana and why blockchain-based solutions are not gaining any traction regarding real-world adoption.

Outline:

0:00 Introduction

01:58 What does "Move Fast & Break Things" mean?

05:13 Application of "Move Fast & Break Things" in web2, an example of Facebook

12:20 What are Safety-Critical Systems

16:11 Example of Boing 737

19:52 Why Blockchains are safety-critical systems

22:50 Examples of Ethereum

28:06 Vulnarabalilitie of Ethereum

36:36 Example of Solana

38:27 Why "Move Fast & Break Things" is not working for web3

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Referenced in the show:

https://teampassword.com/blog/facebook-hacks-a-history-of-security-breaches-at-facebook

https://blog.growthhackers.com/what-is-a-north-star-metric-b31a8512923f

https://www.nytimes.com/2018/09/28/technology/facebook-hack-data-breach.html

https://smallbusinessprogramming.com/safety-critical-software-15-things-every-developer-should-know/

https://succeedsooner.ca/2019/09/23/dont-move-fast-and-break-things/

https://www.ft.com/content/4ecdb67c-beb9-11e1-b24b-00144feabdc0

https://www.itnews.com.au/news/rbs-hit-with-102m-fine-for-it-failures-398072

https://iohk.io/en/blog/posts/2016/09/09/ethereum-classic-an-update/

https://medium.com/hackernoon/the-evm-is-fundamentally-unsafe-d69f2e3b908b

https://www.coindesk.com/business/2021/10/03/66m-in-tokens-added-to-recently-hacked-still-vulnerable-compound-contract/

https://decrypt.co/93874/biggest-defi-hacks-heists

https://www.cybavo.com/blog/compound-defi-protocol-bug-causes-90-million-reverse-rug-pull/

https://4irelabs.com/articles/top-17-smart-contract-hacks/

https://hacken.io/discover/most-common-smart-contract-vulnerabilities/

https://csxqli.github.io/files/SPB22-2.pdf

https://ph.news.yahoo.com/synthetix-reverses-oracle-error-caused-160600347.html

https://anycoindirect.eu/en/blog/how-ftx-and-alameda-research-caused-the-collapse-of-solana

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