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I'm not sure what people mean when they say that WebAssembly is the new Flash. Flash was bad because:

- it did not integrate with the rest of the DOM, at all.
- it frequently made your browser crash or grind to a halt.
- it was proprietary and controlled by a single company.
- it came with considerable security risks.

None of those hold for WebAssembly, as far as I can see. Is the problem just that it's harder to 'View Source', like it is for minified Javascript?

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