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Crypto CEO threatens customers after mistakenly sending them millions

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Re: Crypto CEO threatens customers after mistakenly sending them millions

#111

Post by vmception »

vmception wrote: post #90
vmception wrote: post #40

Earlier quoted context omitted.

Hey can you elaborate on how to claim? I deposited some assets on Compound a year ago and I think I got the initial COMP airdrop Does this make me eligible for this glitch? There wasnt anything in the UI suggesting so, but I can skip the frontend and use the smart contract directly, with hex or bytecode if necessary Just not sure what to look for

it looks like the claimComp(address) method and the claimComp(address, tokenAddresses[]) method can be used, but its only if you supplied to some pools in the past and I'm not sure which pools. Someone told me TrueUSD but I haven't been able to confirm and I can't tell which claim transactions onchain are results of the glitch versus normal Compound UI behavior from normal users so you would just make a transaction t…

okay, so the main comprotroller address is the one to execute against

but you had to still be supplying or borrowing, you can probably still do this now, as for some reason the comptroller still gets refilled. it seems like anybody can refill it if it gets empty. due to a "timelock" that the Compound team implemented to increase confidence in the security of the system, it also takes that amount of time to fix this issue lol.. they could really get drained if people were paying more attention

Re: Crypto CEO threatens customers after mistakenly sending them millions

#112

Post by forty »

ikt wrote: post #107
forty wrote: post #47

Earlier quoted context omitted.

The fact that you can give away millions by mistake and do nothing about it then break the systems then do not much about it says a lot about crypto currency practicality ;) I wonder when this madness is going to stop.

Your comment reminds me of that xkcd: wow you suck at math vs wow girls suck at math, where girls equals crypto. 1 crypto project out of thousands does not represent them all. the reason this tweet is even being discussed is because it is so unusual.

I believe that the fact that bugs are hard to fix and that operations are hard to revert is a pretty common property of most crypto-currency/asset/contact and that's what makes them IMO impractical for many usages, and in particular currency

Re: Crypto CEO threatens customers after mistakenly sending them millions

#114

Post by Stevvo »

tdeck wrote: post #41
toomuchtodo wrote: post #29

Earlier quoted context omitted.

Lawful intention. What the smart contract dictates isn’t necessarily the final authority, but what the intent was (per legal interpretation of state contract law).

This kinda belies the whole premise behind "smart" "contracts", doesn't it? I've always heard that the point of smart contracts is that we don't need the legal system to settle issues, because the code itself enforces the contract. Apparently code can have bugs, and people can make mistakes? Whoops, wish we'd known those things before pouring millions into this stuff.

The idea of "Code is law" as an absolute died back in 2016 with the DAO fork.

A better way to see it is like "law is law", which is obviously untrue as we have things like case law/common law.

Re: Crypto CEO threatens customers after mistakenly sending them millions

#116

Post by Salgat »

ikt wrote: post #107
forty wrote: post #47

Earlier quoted context omitted.

The fact that you can give away millions by mistake and do nothing about it then break the systems then do not much about it says a lot about crypto currency practicality ;) I wonder when this madness is going to stop.

Your comment reminds me of that xkcd: wow you suck at math vs wow girls suck at math, where girls equals crypto. 1 crypto project out of thousands does not represent them all. the reason this tweet is even being discussed is because it is so unusual.

That fact that it can happen at all when a time-proven solution has already existed for centuries is telling. I don't know why people think having irreversible transactions where no recourse, even legal, can force a reversal of the transaction, is a good thing.

Re: Crypto CEO threatens customers after mistakenly sending them millions

#117

Post by bradwood »

ethanbond wrote: post #100
bradwood wrote: post #86

Earlier quoted context omitted.

And what would you call the US dollar's monetary expansion of over 40% [1] since the start of the pandemic, if not stealing? The Cantillon Effect has never been stronger, but those that continue to measure their financial worth in a unit of account that is shrinking in its purchasing power every day are missing the point. The system _is_ stealing your savings! [1]: https://fred.stlouisfed.org/series/M1SL

Let’s not act like the infusions were for no reason. Many people are willing to incur some inflation and inflation risk in a gamble to avert a near-certain societal level catastrophe.

and which people were those? rich people, that's who...

I agree that desperate times call for desperate measures, but there are fairer ways to fund this. Just inflating the money supply just hits asset-poor people hardest... this is the very definition of the Cantillon Effect...

Re: Crypto CEO threatens customers after mistakenly sending them millions

#118

Post by [deleted] »

bradwood wrote: post #117
ethanbond wrote: post #100

Earlier quoted context omitted.

Let’s not act like the infusions were for no reason. Many people are willing to incur some inflation and inflation risk in a gamble to avert a near-certain societal level catastrophe.

and which people were those? rich people, that's who... I agree that desperate times call for desperate measures, but there are fairer ways to fund this. Just inflating the money supply just hits asset-poor people hardest... this is the very definition of the Cantillon Effect...

[deleted]

Re: Crypto CEO threatens customers after mistakenly sending them millions

#119

Post by toolz »

forty wrote: post #112
ikt wrote: post #107

Earlier quoted context omitted.

Your comment reminds me of that xkcd: wow you suck at math vs wow girls suck at math, where girls equals crypto. 1 crypto project out of thousands does not represent them all. the reason this tweet is even being discussed is because it is so unusual.

I believe that the fact that bugs are hard to fix and that operations are hard to revert is a pretty common property of most crypto-currency/asset/contact and that's what makes them IMO impractical for many usages, and in particular currency

How many crypto bugs to date have you followed that you would classify as harder to resolve than it's more traditional counterpart?

Re: Crypto CEO threatens customers after mistakenly sending them millions

#120

Post by ethanbond »

bradwood wrote: post #117
ethanbond wrote: post #100

Earlier quoted context omitted.

Let’s not act like the infusions were for no reason. Many people are willing to incur some inflation and inflation risk in a gamble to avert a near-certain societal level catastrophe.

and which people were those? rich people, that's who... I agree that desperate times call for desperate measures, but there are fairer ways to fund this. Just inflating the money supply just hits asset-poor people hardest... this is the very definition of the Cantillon Effect...

Which of these fairer mechanisms were actually practically available to us on the time frame and scale that we needed them?
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