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I love how the crypto community encourages circumventing laws, UNTIL someone steals from them using their own “smart” contract then calls on authorities for help.
How does the crypto community encourage circumventing laws?
Earlier quoted context omitted.
I love how the crypto community encourages circumventing laws, UNTIL someone steals from them using their own “smart” contract then calls on authorities for help.
How does the crypto community encourage circumventing laws?
I don't think what the government calls "drugs" should be illegal, but, selling and buying drugs with cryptocurrency is an oft advocated for activity that I've seen in these communities.
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I love how the crypto community encourages circumventing laws, UNTIL someone steals from them using their own “smart” contract then calls on authorities for help.
How does the crypto community encourage circumventing laws?
The article tries to imply that the hacker had a change of heart after a public plea to return the funds. In reality, parts of the crypto community moved quickly to block transactions involving the funds and some security researchers claimed they had solid leads on tracking down the hacker’s identity. I think the hacker realized that if their identity was compromised then the legal system wouldn’t look kindly on some…
I love how the crypto community encourages circumventing laws, UNTIL someone steals from them using their own “smart” contract then calls on authorities for help.
Earlier quoted context omitted.
How does the crypto community encourage circumventing laws?
Of course every generalization is wrong but a not so little part of the crypto community seems very interested in avoiding taxation, money laundering and buying illegal stuff without detection.
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Does it matter? Even if the hacker could only extract 1% of the notional value it would still be life-changing money.
It matters because if the dollar amount is real this is probably the largest heist in history.
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Of course every generalization is wrong but a not so little part of the crypto community seems very interested in avoiding taxation, money laundering and buying illegal stuff without detection.
You know whats used way more then crypto to buy illegal things and launder money? Cash
I haven't seen any evidence there was in fact a hack at all. A digital contract was used in a way that complied with the contract that the bonehead writers of that contract did not intend. That's it. If bad contract writers get to cry "hack" and beg for their money back there is no point to digital contracts at all. If someone had physically or electronically broken into systems and illicitly copied private keys that…
So yes. As the main point of digital contracts seems to be that they are self-enforcing, then it seems to follow that there can be no complaining about the results of using them.
I haven't seen any evidence there was in fact a hack at all. A digital contract was used in a way that complied with the contract that the bonehead writers of that contract did not intend. That's it. If bad contract writers get to cry "hack" and beg for their money back there is no point to digital contracts at all. If someone had physically or electronically broken into systems and illicitly copied private keys that…