51–60 of 228 posts
"Connecting a wallet" makes it vulnerable to Javascript from a web site? Who designed that?
Absolutely baffling that the crypto community normalized this process of connecting your wallet to a random website and letting it access all of your money. I see a lot of victim-blaming suggestions that it's the fault of the person who didn't set up a new crypto wallet for every interaction they might want to make and then transfer enough money into said wallet to cover unpredictable gas fees (while also paying gas…
am I a bad person if I think that people buying the latest hyped NFT deserve to have their 'crypto' drained? NFTs of art images are such an absurdity.
People don't deserve to be scammed. Imagine if your own grandma or teenage cousin fell victim to this.
So let me get this straight. You just connect your Wallet to a random website and let them run arbitrary smart contracts? That's wild, man. Surely there's gotta be some concern here that someone could take your shit. I'm just surprised there isn't a privacy.com equivalent for this, like a limited-view wallet that lets you create sub-wallets for interaction with various services. Or if there is, perhaps it's not famou…
Sure.
Keep in mind though that crypto is battling the status quo where some arbitrary user could initiate an arbitrary chargeback through the use of a third party. Good luck building a smart contract around that!
With crypto there's no confusion or anxiety-- your coins are provably gone in the example you're citing.
In a way it's like the old error-prone analog computers vs. the new binary-logic-based digital ones. Yeah, rampant theft is bad, but it is discrete theft. And that is the point-- we can measure it in ones and zeros to build upon and compose the digital infrastructure that will become web4.
It's mostly zeros but you get the idea.
> Victim connects their wallet to “mint”. It's not clear exactly what's going on here. The word "connect" by itself implies two modes: (1) present public keys; or (2) present private keys. But the loss of property suggests it's (2). If so, then the people falling for this are hopelessly incompetent. Of course, this has been a problem from the start of Bitcoin. Users "buy" something they have no clue how to secure. Th…
Absolutely baffling that the crypto community normalized this process of connecting your wallet to a random website and letting it access all of your money. I see a lot of victim-blaming suggestions that it's the fault of the person who didn't set up a new crypto wallet for every interaction they might want to make and then transfer enough money into said wallet to cover unpredictable gas fees (while also paying gas…
"Connecting a wallet" makes it vulnerable to Javascript from a web site? Who designed that?
Unless I'm misunderstanding something, I don't think it can. Your ownership of NFTs and ETH balance is public info on chain, and the site can construct a malicious transaction giving them away, but it ultimately has to trick the user into signing it. Not really sure what leeway they have to manipulate how the wallet UI presents the tx to the user though.
Regulation can be bad, but it can also be good. People think of history like it was wonderful, but it was full of cons and scams. Reputation matters, and people with reputations charge a premium for it. Some of the best aspects of regulations is exactly to remove the reputation tax by mandating everyone follow the same practices as the trusted institution. The real sad aspect is that the crypto-libertarians of today…
How exactly would regulation help in this case? Most countries already regulate pretty strongly against theft.