Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
1–10 of 20 posts
Re: Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
#2Re: Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
#3Good. Cryptocurrencies are a Ponzi scheme. Let him retire to an island somewhere and enjoy.
Re: Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
#4[deleted]
Re: Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
#5I don't understand the first step in this process, how does someone acquire a $150M "flash loan"?
Re: Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
#6I don't understand the first step in this process, how does someone acquire a $150M "flash loan"?
At a high level, "flash loans" work by being acquired and repayed atomically. For example, this is useful for arbitrageurs
Re: Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
#7The kids these days have a little saying that ends in “find out”, and when you do things on a programmable blockchain that’s you don’t understand you’re definitely engaging in the first part of it.
Re: Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
#8Good. Cryptocurrencies are a Ponzi scheme. Let him retire to an island somewhere and enjoy.
Preach.
Re: Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
#9I don't understand the first step in this process, how does someone acquire a $150M "flash loan"?
At a high level, "flash loans" work by being acquired and repayed atomically. For example, this is useful for arbitrageurs
What does atomically mean in this context? Automatically? Can't tell if that's a typo or not.
Re: Math Prodigy Whose Hack Upended DeFi Won’t Give Back His Millions
#10Good. Cryptocurrencies are a Ponzi scheme. Let him retire to an island somewhere and enjoy.
Tokens are ponzi schemes. Cyptocurrencies aren't any worse than any other modern currency.