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Cryptocurrency - Beanstalk theft - Olive - 24-04-2022

A fascinating insight into how cryptocurrency works:

https://www.theverge.com/2022/4/18/23030754/beanstalk-cryptocurrency-hack-182-million-dao-voting


RE: Cryptocurrency - Beanstalk theft - king1 - 24-04-2022

That was an interesting read, highlights the pitfalls that can happen with emerging technologies.

Apparently users had already raised the possibility of such an attack and it was ignored...
https://www.theverge.com/2022/4/22/23037325/beanstalk-dismissed-governance-attacks-lost-182-million


RE: Cryptocurrency - Beanstalk theft - Oh_hunnihunni - 24-04-2022

And can I just point out that NFTs are merely a tool to support cryptos, and have absolutely nothing to do with art.

At the risk of being that little kid pointing out the Emperor's lack of wardrobe...


RE: Cryptocurrency - Beanstalk theft - king1 - 24-04-2022

(24-04-2022, 10:41 AM)Oh_hunnihunni Wrote: And can I just point out that NFTs are merely a tool to support cryptos, and have absolutely nothing to do with art.

At the risk of being that little kid pointing out the Emperor's lack of wardrobe...

Interesting to note the comment in the article that openseas acknowledges that some 80% of the NFTs on their market are fake...


RE: Cryptocurrency - Beanstalk theft - Oh_hunnihunni - 24-04-2022

More money than sense...


RE: Cryptocurrency - Beanstalk theft - nzoomed - 26-04-2022

dont get me started on NFTS! Big Grin
https://www.youtube.com/watch?v=BP6Cm1TDlNE