Another ICO Hacked: KICKICO Loses $8M After Smart Contract Breach • Hacker News Board

Re: Another ICO Hacked: KICKICO Loses $8M After Smart Contract Breach

#11

Post by taberiand » Sun, Jul 29, 2018, 11:16 PM UTC

gustavmarwin wrote: post #9

TekMol wrote: post #3

Did any ICO ever result in anything useful?

Can we stop with the blockchain trolling please? It only makes you look very ignorant. Yes, there is a humongous number of scammy projects. But there are also projects working really hard to succeed and they deserve a chance. Right now I'm particularly impressed by what Augur pulled off, it's not certain whether it will succeed long term but credit should be given where it's due.

Augur: "Report the Outcome Report the winning outcome of the event after it occurs. Other users can dispute your report if they don't agree."

I think I can spot the weak link in this system.

Re: Another ICO Hacked: KICKICO Loses $8M After Smart Contract Breach

#12

Post by [deleted] » Mon, Jul 30, 2018, 12:07 AM UTC

taberiand wrote: post #11

gustavmarwin wrote: post #9

Earlier quoted context omitted.

Can we stop with the blockchain trolling please? It only makes you look very ignorant. Yes, there is a humongous number of scammy projects. But there are also projects working really hard to succeed and they deserve a chance. Right now I'm particularly impressed by what Augur pulled off, it's not certain whether it will succeed long term but credit should be given where it's due.

Augur: "Report the Outcome Report the winning outcome of the event after it occurs. Other users can dispute your report if they don't agree." I think I can spot the weak link in this system.

[deleted]

Re: Another ICO Hacked: KICKICO Loses $8M After Smart Contract Breach

#13

Post by solveit » Mon, Jul 30, 2018, 1:39 AM UTC

taberiand wrote: post #11

gustavmarwin wrote: post #9

Earlier quoted context omitted.

Can we stop with the blockchain trolling please? It only makes you look very ignorant. Yes, there is a humongous number of scammy projects. But there are also projects working really hard to succeed and they deserve a chance. Right now I'm particularly impressed by what Augur pulled off, it's not certain whether it will succeed long term but credit should be given where it's due.

Augur: "Report the Outcome Report the winning outcome of the event after it occurs. Other users can dispute your report if they don't agree." I think I can spot the weak link in this system.

Yes, everyone who's spent two minutes thinking about designing a decentralized prediction market has spotted that weak link. Hence that's what Augur is designed to address.

Think it won't work? Go get your bug bounty, or even put in a massive short and then break it.

Re: Another ICO Hacked: KICKICO Loses $8M After Smart Contract Breach

#14

Post by tecleandor » Mon, Jul 30, 2018, 1:51 AM UTC

taberiand wrote: post #11

gustavmarwin wrote: post #9

Earlier quoted context omitted.

Can we stop with the blockchain trolling please? It only makes you look very ignorant. Yes, there is a humongous number of scammy projects. But there are also projects working really hard to succeed and they deserve a chance. Right now I'm particularly impressed by what Augur pulled off, it's not certain whether it will succeed long term but credit should be given where it's due.

Augur: "Report the Outcome Report the winning outcome of the event after it occurs. Other users can dispute your report if they don't agree." I think I can spot the weak link in this system.

Eeeeh, I think I don't get this thing. Isn't this an unregulated betting house?