what does nab mean?
Just in general? It means to "grab" or "take" (or in this case, "steal") something.
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
#152Enigma is building a decentralized, open, secure data marketplace that will change how data is shared, aggregated and monetized to maximize collaboration. Catalyst is our first product and the first application running on our Enigma protocol. Powered by our financial data marketplace, Catalyst empowers users to share and curate data and build profitable, data-driven investment strategies.
So much said that explains so little.
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#153Earlier quoted context omitted.
> who in this 'crypto world' would be stupid enough Never attribute to malice what can be explained by stupidity, and never underestimate just how stupid a person can be.
Hanlon's Law
First part is Hanlon's Razor, second part is Einstein:
> "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#154This might as well be a scam created by the CEO himself. I mean, who in this 'crypto world' would be stupid enough to use the same, previously compromised, password on all his accounts? P.S. there was a story on reddit (can't find it now unfortunately) about how the attackers tried to deposit the money to Bittrex but luckily someone alerted them and the exchange froze the account. So there is still some hope that fun…
> who in this 'crypto world' would be stupid enough Never attribute to malice what can be explained by stupidity, and never underestimate just how stupid a person can be.
Honestly, I tried really hard to attribute this to stupidity. But this level of stupidity and negligence is really beyond my understanding.
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#155Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#156There's a boom and a bust cycle when it comes to new technologies -- doubtless blockchain will have to go through the buzzsaw just like the early commercial Internet did in the early 2000s.
The commercial internet brought an unprecedented increase in the speed of communication.
Blockchains... Bring a secure, distributed ledger. That's nice, but this isn't Amazon replacing the Sears catalog.
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#157How 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…
Funny but ironic, b/c your list is actually in reverse order, from low to high risk, not high to low. The lowest risk thing to do is actually just buy BTC & ETH and let the associated frenzy of ICOs and cryptoassets drive them higher while remaining relatively liquid and legal. #2 - #4 are sequentially higher risk from potentially illiquid (tokens) to grey area (ICO) to illegal, and the SEC has shown they have patience, reach, and savvy.
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#158Earlier quoted context omitted.
first time i can't get whether it is sarcasm or not.
Absolutely not sarcasm. Why would ICOs giving out tokens with no equity be superior to a tokens that have equity and receive dividends?
If you sell equity, and will pay dividends, why not just do an IPO? The SEC will treat you as a security anyways.
Re: Hackers nab $500k as Enigma is compromised weeks before its ICO
#159Earlier quoted context omitted.
> The profit from the token sale goes into a foundation setup to oversee the project ... [truncated] ... that is controlled by the founders and could presumably be used for whatever they'd like. The usual approach is to create two companies. One a shell to own the ICO itself, and the second a tech services company that does development for the shell corp. So it ends up something like: " We definitely need the experti…
This is the main reason the traditional VC model works so well. You can't get rich unless the VC's make money.
You're kidding right? Founders/employees take "money off the table", even if the companies haven't generated a cent in profit.