Escaping the Dark Forest

Post by pfisch » Sun, Sep 27, 2020, 4:22 AM UTC

bojo wrote: post #22

pfisch wrote: post #17

Earlier quoted context omitted.

Anyone "successfully" investing in crypto got in at least 4 years ago or when we the last big run up was and just held in a reputable exchange or in their own wallet that they secured well. They don't need to understand anything really except how to deposit 5000+ in a reputable exchange. I think this makes up most successful crypto investors.

I am not an advovate for crypto by any means, but this is false. There are some Wall Street level investors out there. https://www.forbes.com/sites/michaeldelcastillo/2020/08/06/v...

I agree. I just don't think they are the majority. The majority is just dumb holders.

Post by Kiro » Wed, Sep 30, 2020, 8:17 AM UTC

Paradigma11 wrote: post #126

gambiting wrote: post #113

Earlier quoted context omitted.

I just don't understand the entire article - who is this guy? What is he doing? Why is he doing it? What are the dozens of different acronyms in this article and what do they mean? Who owns the 9.6M dollars and where was it at the risk of going? Maybe this is a good article for someone deep into crypto, but for myself, as a casual morning read - I have no idea what happened.

The money was in limbo due to a bug in a contract. There are contracts (monsters) that scan for such bugs and situations to profit from them. The guy tried to save the money from the monsters and failed. The situation was worse since it happened already in the mempool where the pending transactions reside. I am dabbling a bit in the Tezos currency and environment and find this 2 language projects interesting aimed to…

This is not the same article as https://medium.com/@danrobinson/ethereum-is-a-dark-forest-ec...

Here they actually managed to save the funds.

Re: Escaping the Dark Forest

Re: Escaping the Dark Forest