COINBASE for Crypto has come

[Clinamenic]

And the psychological shift is significant as well, the feeling that you have a stake in the system.

My aunt made a similar point regarding social security here in the US, that as a political mechanism it makes people feel like that have a stake in the system, and are thus more invested (literally and figuratively) in the prosperity of the system. As opposed to someone who is outside the system altogether, i.e. completely unenfranchised.

 

[Pandiculate]

Binance Smart Chain, Ethereum Crypto Bridge Hacked for $80 Million - Decrypt

The hacker used an exploit in Qubit Finance to generate $185 million in crypto out of nothing and use it as collateral to steal $80 million.

decrypt.co

crime is always where the real money is

 

[Clinamenic]

Thats why I'm glad uncollateralized loans are (seemingly) not commonplace in crypto. If they were, exploits like this could have even worse consequences.

 

[Clinamenic]

A great interview by perhaps the highest-quality crypto news/content platform

 

[wg-]

Hardly a revelation but really well researched and detailed regardless

Mapping the celebrity NFT complex

Where do celebrities even hear about “bored apes”? Who is recommending that they buy one? Is this really the best thing any of them can think to do with their money and fame?

maxread.substack.com

​

It really is a good graft i hope that everyone is making good dough off it

 

[woops]

connecting Tiktok influencers to celebrities @luka

 

[william_kent]

In Second Largest DeFi Hack Ever, Blockchain Bridge Loses $320M Ether

seems that the attacker exploited "smart contracts" to mint crypto according to this guy on twitter - my eyes glazed over, somehow I'd rather read about some ballyed up East End villains armed with sawn offs running into a bank and shouting "on the floor you fucking slags or I'll blow your fucking heads off!" Even crime is boring in the age of social media...

 

[Clinamenic]

Yeah investors refer to this possibility as "smart contract risk" and really its almost an omnipresent risk, and the only real measures you can take against it as a developer is to have your code audited.

 

[Clinamenic]

Apparently its been restored, but I don't know anyone effected by this.

Crypto Bridge Wormhole Replenished After Hack for $320M in Ethereum - Decrypt

The Wormhole protocol is the third cross-chain bridge to suffer a multimillion dollar hack this year. Luckily, it recouped its losses today.

decrypt.co

 

[william_kent]

Apparently its been restored, but I don't know anyone effected by this.

Crypto Bridge Wormhole Replenished After Hack for $320M in Ethereum - Decrypt

The Wormhole protocol is the third cross-chain bridge to suffer a multimillion dollar hack this year. Luckily, it recouped its losses today.

decrypt.co

it doesn't say whether they gave the attacker the $10 million "bounty" or not...

 

[wg-]

Tbh i wish i was clever enough to hack these sites because frankly washing the money would be a piece of piss

 

[vimothy]

crypto is fake news, CDOs for NEETs

 

[luka]

crypto is fake news, CDOs for NEETs

remember that day when you took Stan to school about crypto. that was your greatest ever day.

 

[vimothy]

one day its all going to crash and I'm gonig to be super magnanimous about it and say its a mistake anyone could have made

 

[hmg]

In the meantime, I'll continue to make more than double my salary in passive $ income from my NFTs.

 

[hmg]

remember that day when you took Stan to school about crypto. that was your greatest ever day.

I remember that day V schooled me and Bitcoin went on to quintuple in value over the next 12 months. Humbled.

 

[wg-]

I bought the dip

 

[vimothy]

isnt there a keynes quote about the market being irrational

 

[vimothy]

I have no issue with ppl enjoying it while it lasts. why not. I just think the tech is dog shit and it's valuation is pure hype

 

[wg-]

If you approach this stuff with healthy cynicism you can make money from the marks easy enough; it is the evangelicals who suffer