Just remember - code is law. No takesies-backsies :)
There are definitely takesies-backsies if a majority of validators agree on it.
DeFi protocol BadgerDAO exploited for $120M in front-end attack
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Re: DeFi protocol BadgerDAO exploited for $120M in front-end attack
#72Earlier quoted context omitted.
There is always large opposition to regulations of any kind petty much by definition.
"There is always large opposition to restrictions of freedom".
That's a very poor rhetorical tactic since that sentiment could be applied to literally any law, since all laws restrict freedom.
Re: DeFi protocol BadgerDAO exploited for $120M in front-end attack
#73Just remember - code is law. No takesies-backsies :)
I always found that phrase misleading. Code is automation, law is for the stupid things people do.
Re: DeFi protocol BadgerDAO exploited for $120M in front-end attack
#74Earlier quoted context omitted.
If you put 123ETH into Tornado from address A and then withdraw 123ETH shortly after from Tornado to address B this will be written to the blockchain. It might not be evidence that A and B are your addresses, but strong implications. So, you put it into Tornado and wait days, weeks, or even months, so it could be a random transaction.
I wonder what would be a legitimate, non-suspicious reason to interact with such a service at all?
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Re: DeFi protocol BadgerDAO exploited for $120M in front-end attack
#75Earlier quoted context omitted.
If you put 123ETH into Tornado from address A and then withdraw 123ETH shortly after from Tornado to address B this will be written to the blockchain. It might not be evidence that A and B are your addresses, but strong implications. So, you put it into Tornado and wait days, weeks, or even months, so it could be a random transaction.
I wonder what would be a legitimate, non-suspicious reason to interact with such a service at all?
A very legitimate use is if you have a public .eth address but want to keep your remaining private addresses private. Privacy is security.
Re: DeFi protocol BadgerDAO exploited for $120M in front-end attack
#76> all smart contracts have been paused to prevent further withdrawals I'm curious — how do you just "pause a smart contract"? Is that written into the code?
On ethereum, all tokens are actually custom computer programs. This token's program contained code to all pausing all the ability to have it transferred on behalf of an approved third-party.
Re: DeFi protocol BadgerDAO exploited for $120M in front-end attack
#77Earlier quoted context omitted.
I wonder what would be a legitimate, non-suspicious reason to interact with such a service at all?
There are entirely legal, legitimate things one might do while still wanting to have some privacy about it. Buying porn, for example, might be something you're fine with but not really want tied to your known address.
Even things like buying houses (and I have heard of people buying houses with ETH).
People generally like privacy when it comes to medium and large purchases, regardless of what it is that they are purchasing.
Re: DeFi protocol BadgerDAO exploited for $120M in front-end attack
#78Earlier quoted context omitted.
"There is always large opposition to restrictions of freedom".
That's a very poor rhetorical tactic since that sentiment could be applied to literally any law, since all laws restrict freedom.
Not every law is a restriction of freedom. My freedom ends where yours begins.
Sadly, some people are more than happy to force their worldview on others, "for their own sake".
Re: DeFi protocol BadgerDAO exploited for $120M in front-end attack
#79Just remember - code is law. No takesies-backsies :)
There are definitely takesies-backsies if a majority of validators agree on it.
While technically correct, amounts that have been stolen since the DAO hack have been 10x larger and no hard forks have occurred. I think the community consensus on this has evolved.
Re: DeFi protocol BadgerDAO exploited for $120M in front-end attack
#80Once again cryptocurrency shills are disproven in their core belief that they can do finance better than status quo.
Its starting to look like the benefits of decentralized banks lean more in favor of the bank robbers than the bank clients.