I wish that passwords like this stopped being the main form of authentication. I guess I'm not sure what's a better way (I like the physical object + pin of my credit card but that's probably not practical for all Web authentication) but it seems pretty obvious that passwords are broken in their current form unless you use a password manager, which can be a hassle
Hackers nab $500k as Enigma is compromised weeks before its ICO
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Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#142How to make money in ethereum, from high to low risk: 1. Dump the leftovers of your bi-weekly software engineering paycheck into buying ETH, BTC, or whichever altcoin is popular this week. It went up 5000% in the past, it's got to keep growing right? 2. Participate in an ICO and stock up on whatever platform token they're hawking. It's more profitable if you get in early due to some presale mechanism (hopefully here…
I think it can all be automated: 1) Have the bot build the currency here: http://build-a-co.in 2) Generate HTML5 pages 3) Submit to twitter (focus on new york area) / make tshirts
Oh snap I just had the craziest business idea. Get this. I make tshirts... then I sell them. I'm gonna go tell the folks at /r/entrepreneur!
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#143Earlier quoted context omitted.
> Money only works when you have a powerful state actor enforcing the legality of the transaction. Fiat currencies work this way. Gold and cryptocurrencies do not, but they still work all the same, though gold is not very convenient in the modern world. > failure, fraud and speculation. These ICO hacks are separate from the fact that cryptocurrencies do work and are working right now. Preventing fraud is not a featur…
I never said anything should be prevented. But you just illustrated my point exactly. Gold (and cryptocurrencies) cannot support a market economy because of the problem of hoarding a limited resource and the lack of representation of debt. Even the ancients knew this: they would require taxes be paid in the _coin of the realm,_ not just gold. Requiring this made it possible for monarchs to facilitate a market economy…
That's a bold claim to throw out there with nothing to back it up. Gold has been used as a currency for thousands of years. Crypto-currencies are out there working whether you like it or not. To say that they can't work is pretty silly when they are literally working right now.
> they would require taxes be paid in the _coin of the realm
First, you should source this since it sounds like you are talking about a specific country at a specific time in history.
Those were usually made of gold and silver. Why do you think coins have cleated edges? It's so people can shave them off without someone knowing.
Also countries used gold to transact between each other, no matter what they tried to press on their citizens. The longest any fiat currency has lasted is around 300 years, most don't last 50. Our current world wide currency system is only about 40 years old. The transition came after Charles DeGualle started to reclaim France's gold after the Vietnam war because he feared the US didn't have enough gold to redeem their dollars. Nixon was forced to take the US off the gold standard completely and our current system was born.
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#144Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#145Earlier quoted context omitted.
I never said anything should be prevented. But you just illustrated my point exactly. Gold (and cryptocurrencies) cannot support a market economy because of the problem of hoarding a limited resource and the lack of representation of debt. Even the ancients knew this: they would require taxes be paid in the _coin of the realm,_ not just gold. Requiring this made it possible for monarchs to facilitate a market economy…
> Gold (and cryptocurrencies) cannot support a market economy because of the problem of hoarding a limited resource and the lack of representation of debt. That's a bold claim to throw out there with nothing to back it up. Gold has been used as a currency for thousands of years. Crypto-currencies are out there working whether you like it or not. To say that they can't work is pretty silly when they are literally work…
But not supporting a robust market economy until it (and other metals) were reduced primarily to accounting units for many transactions, so the real “currency” was, in substantial parts, debt instruments, not actual gold. I mean, this is true even in emergent pre-capitalist market economies, which were fueled by (and fueled, in a positive feedback loop) the development of banking.
There is a huge difference between a commodity currency like gold and a commodity-backed currency like gold-denominated debt instruments.
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#146Another ICO, another scam. I am not sure I feel bad for people who are gullible enough to send their hard earned money to these "companies". They have one PDF whitepaper and a generic Wordpress template website with some buzzwords, based in Cayman islands or some other tax haven for money laundering. And expecting to get rich from that.
People are afraid of missing the next Bitcoin boom and think throwing money at every ICO will turn them into overnight millionaires. It's unfortunate that the greed and FOMO are dragging the technology through the dirt. If you plan on investing in any ICO please do your due diligence and avoid the hype trains.
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#147Earlier quoted context omitted.
turning your comment into a 10-week pdf course as we speak, just gonna pick a theme over ath theme forest brb
Why do the work _before_ getting paid? Take out an ICO and let them "preorder" your course!
Caveat being you've done the work to be able to add authentic value to the people you're selling too. (which is where most ico's break down)