Funds of every Trust Wallet browser extension could have been stolen

Post by misnome » Mon, May 01, 2023, 2:35 PM UTC

rini17 wrote: post #21

Mistletoe wrote: post #17

Earlier quoted context omitted.

I feel exactly the opposite- “At some point there won't be any more suckers left. That's when banking will really collapse.” The news every day sends the message more urgently that a global hard money that can never be debased by money printing and that is free from the whims of governments and dictators is sorely needed.

But for that, general population to be able (and willing!) to manage secret keys properly is sorely needed.

Post by G3rn0ti » Mon, May 01, 2023, 2:40 PM UTC

rini17 wrote: post #21

Mistletoe wrote: post #17

Earlier quoted context omitted.

I feel exactly the opposite- “At some point there won't be any more suckers left. That's when banking will really collapse.” The news every day sends the message more urgently that a global hard money that can never be debased by money printing and that is free from the whims of governments and dictators is sorely needed.

But for that, general population to be able (and willing!) to manage secret keys properly is sorely needed.

Post by jakelazaroff » Mon, May 01, 2023, 2:47 PM UTC

detrites wrote: post #20

pontifier wrote: post #9

At some point there won't be any more suckers left. That's when crypto will really collapse.

The flaw here was in a dependency introduced by targeting WASM, and could apply to any project of any kind relying on random number generation for a cryptographic purpose. It is not a "crypto-currency" specific problem.

Post by lxgr » Mon, May 01, 2023, 2:47 PM UTC

jonkho wrote: post #70

surgical_fire wrote: post #34

Earlier quoted context omitted.

> debased by money printing Why is this a bad thing? This is repeated by the crypto people as some kind of root of all evil, and it puzzles me. I see monetary policy - including the ability of devaluing a currency - as a powerful tool central banks have to keep the economy working. I fail to see how "hard money", which normally comes peppered with some vague desire for a deflationary economy as desirable. In my view…

Would you be annoyed if you owned shares of a company and the company prints new shares to dilute the value of your holdings?

Post by codedokode » Mon, May 01, 2023, 2:52 PM UTC

mellosouls wrote: post #54

zimbatm wrote: post #33

Earlier quoted context omitted.

That kind of argument can be applied to any value-based systems. s/crypto/ with /banks/, /religion/, /houses/. The real question is how big the risk is relative to inflation, central banks collapses, bank runs and all other types of institutional risks.

That kind of argument can be applied to any value-based systems. s/crypto/ with /banks/, /religion/, /houses/. No. False equivalence. The other examples have a long history of applications that add value to people's lives (as well as disbenefits depending on your viewpoint and ideology). Crypto-currency has never yet demonstrated any significant value to normal people, though plenty of the latter.