Poly Network hacker returns $258M after stealing $600M

Post by ceilingcorner » Thu, Aug 12, 2021, 8:20 AM UTC

mlazos wrote: post #35

hamburgerwah wrote: post #16

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…

It’s so funny to me when everyone touts crypto + smart contracts as revolutionary™ then when you follow a system implemented with them to its logical conclusions you have analogs to everything that already exists. Lawyers to audit the contracts for bugs (and yes there can be bugs in a formally verified spec as well), courts to arbitrate disagreements, and an authority to enforce rules when someone finds a security ho…

Post by jereees » Thu, Aug 12, 2021, 8:24 AM UTC

ALittleLight wrote: post #48

rebuilder wrote: post #29

Earlier quoted context omitted.

I have to agree. I was going to counterargue that technically all hacking is executing permissible actions in the sense that the system you're hacking into ends up allowing you to do what you want. That leads to why we have laws around unauthorized access etc., and that leads to digital contracts that need to be interpreted by a human with some ability to enforce their interpretation. So yes. As the main point of dig…

I've wondered about things like this with video games. I played RuneScape a while back and one of the things my brother and I would do is lure unsuspecting players into the wilderness to kill them and take their stuff. That stuff, RuneScape gold, weapons, and armor, has some real world value. We took it from other people, often by lying to them (e.g. "follow me into the wilderness, I'll show you something cool"). Cou…

Post by birdyrooster » Thu, Aug 12, 2021, 8:27 AM UTC

hnick wrote: post #58

ALittleLight wrote: post #48

Earlier quoted context omitted.

I've wondered about things like this with video games. I played RuneScape a while back and one of the things my brother and I would do is lure unsuspecting players into the wilderness to kill them and take their stuff. That stuff, RuneScape gold, weapons, and armor, has some real world value. We took it from other people, often by lying to them (e.g. "follow me into the wilderness, I'll show you something cool"). Cou…

In games we usually separate between exploits and hacks. Exploits are vague but typically things allowed by the game, but not intended (or have for more impact than expected). I believe if you lied in the game that would constitute a written/verbal contract and what you did is fraud. Some games enforce written agreements, others say it's the wild west so too bad, this is role playing by a character, not the person. I…

Post by MontrealRaised » Thu, Aug 12, 2021, 8:41 AM UTC

ceilingcorner wrote: post #81

mlazos wrote: post #35

Earlier quoted context omitted.

It’s so funny to me when everyone touts crypto + smart contracts as revolutionary™ then when you follow a system implemented with them to its logical conclusions you have analogs to everything that already exists. Lawyers to audit the contracts for bugs (and yes there can be bugs in a formally verified spec as well), courts to arbitrate disagreements, and an authority to enforce rules when someone finds a security ho…

“Would would anyone need elevator buttons? There are already trained elevator operators everywhere that do the same thing.” “Why would anyone need light bulbs? There are gas lamps and oil everywhere that do the same thing.” “Why would anyone need email? There are post offices that do the same thing.”

Post by brigandish » Thu, Aug 12, 2021, 8:50 AM UTC

mschuster91 wrote: post #70

andy_ppp wrote: post #55

Earlier quoted context omitted.

I think this a lot about our politics now, we seem to want to tear down all the institutions and values that got us here.

> we seem to want to tear down all the institutions and values that got us here. Strike a "we", replace by "rich elites". "Small government" means in practice that most of what governments are doing now with taxpayer money at no-profit will be done by private for-profit companies, at a worse service level, or that regulations/regulatory agencies will be torn down. For the first, just look at private prisons - make a…