White hat hacker awarded $2M for fixing ETH-creation bug • Hacker News Board

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#351

Post by andrewmcwatters » Sat, Feb 19, 2022, 6:31 PM UTC

CRConrad wrote: post #338

andrewmcwatters wrote: post #192

Earlier quoted context omitted.

CXO titles in organizations do not exist without a board of directors. Businesses otherwise simply have members, managers, employees, contractors or vendors, or volunteers. You can pretend you're a CEO/CTO, but if you answer to no board, you're not.

> Businesses otherwise simply have members, managers, employees, contractors or vendors, or volunteers. Clubs have members; businesses have employees. I think I'll take my lessons on business terminology from someone else, if it's all the same to you.

> Owners of an LLC are called members. Most states do not restrict ownership, so members may include individuals, corporations, other LLCs and foreign entities. There is no maximum number of members. Most states also permit “single-member” LLCs, those having only one owner.[1]

[1]: https://www.irs.gov/businesses/small-businesses-self-employe...

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#352

Post by CRConrad » Sun, Feb 20, 2022, 12:48 PM UTC

andrewmcwatters wrote: post #351

CRConrad wrote: post #338

Earlier quoted context omitted.

> Businesses otherwise simply have members, managers, employees, contractors or vendors, or volunteers. Clubs have members; businesses have employees. I think I'll take my lessons on business terminology from someone else, if it's all the same to you.

> Owners of an LLC are called members. Most states do not restrict ownership, so members may include individuals, corporations, other LLCs and foreign entities. There is no maximum number of members. Most states also permit “single-member” LLCs, those having only one owner.[1] [1]: https://www.irs.gov/businesses/small-businesses-self-employe...

TIL, thanks. I would have assumed those are called "owners", so thought you meant "members" in the fake sense of employees, as ISTR some large American corporates (Walmart, Amazon?) using it. Though I notice now that you actually mentioned employees, too, explicitly; I must have totally missed that.

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#353

Post by colesantiago » Sun, Feb 20, 2022, 5:02 PM UTC

birracerveza wrote: post #350

birracerveza wrote: post #268

Earlier quoted context omitted.

>Again, this can be done without using a blockchain. How so? I won't bother with the rest of the post as it's your usual crypto bad spiel that has absolutely nothing to do with the discussion we're currently having and has absolutely nothing to back up its claims (as do the rest of your posts, which I'm surprised aren't flagged/dead yet considering their low quality, but I guess HN is ok with them since they're anti…

Yep, that's exactly what I thought.

You thought wrong, since nobody in this space actually cares about the technology.

Like all the others, most people are just speculating on the token price, asking if it is a good investment, etc. You would have to be lying to yourself to believe that people care about the technology.

Could you tell me why does this project needs a token attached? Even if we were to look at the price, the painful truth is that most (if not all) people who invested lost most of their money on this shitcoin, and this is excluding the punishing gas fees so it could be even worse. I hope this doesn't include you as well.

As I said, querying blockchains can be done without the need to attach a token to a project. BitQuery is an example of this without trying to burn up the planet with Proof of Waste.

If you are in support of the Graph you are also in support of the ponzi scheme.

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#354

Post by antishatter » Sat, Feb 26, 2022, 5:52 PM UTC

sillysaurusx wrote: post #348

anchpop wrote: post #335

Earlier quoted context omitted.

Any income is subject to taxes in the US

Yeah, but 50%?

Yeah a prize like this will be close to 50%. If you’re w2 remember that your employer covers like 25% of your tax burden. So when you self employee or win an award like this you end up paying that tax plus the tax your more used to.