4 ms·

I disagree, because historically major cryptos have allowed known attacks to succeed if they targeted a member of the public at large, and have defended only if

I disagree, because historically major cryptos have allowed known attacks to succeed if they targeted a member of the public at large, and have defended only if they targeted named insiders. The expectation, at this point, is that defense will only occur if you are an elite insider. An unknown user may or may not be such an elite, and thus may or may not get defense.

scottlocklin 7y ago
> I disagree, because historically major cryptos have allowed known attacks to succeed if they targeted a member of the public at large, and have defended only if they targeted named insiders. Surely you aren't going to make such a statement without examples! I can think of examples where things were attacked, including some of the largest value destructions, and insider status didn't help. For example, the multisig thing that happened to Gav Wood (the second time). If your lone example is the Dao attack, that looked like successful governance to me.
- jefftk 7y ago
  > the multisig thing that happened to Gav Wood I wasn't sure what you were referring to, but it looks like maybe https://cointelegraph.com/news/parity-multisig-wallet-hacked-or-how-come https://cointelegraph.com/news/parity-multisig-wallet-hacked...
  - scottlocklin 7y ago
    Yep, that's the one. The astounding, insane decision to use "libraries" aka delegate call in any immutable smart contract always boggled my mind. The amount of space saved is so ludicrously small as to beggar belief. Hope the 10k or whatever worth of space savings (about 20 transactions worth) was worth it. Anyway, he didn't get a roll back, and the $200m in value that disappeared didn't either.
    - deleted 7y ago
      [deleted]
    - tossAfterUsing 7y ago
      wonder if he got to claim that as a loss on a tax form somewhere... hmmm.
      - scottlocklin 7y ago
        Well he's not a US citizen and unless he's insane, his corporations are offshored in a 0% domocile. It's really only a problem for Americans; everyone else who has their shit together can stick their corporate shell on Cayman or whatever.

scottlocklin 7y ago

> I disagree, because historically major cryptos have allowed known attacks to succeed if they targeted a member of the public at large, and have defended only if they targeted named insiders. Surely you aren't going to make such a statement without examples! I can think of examples where things were attacked, including some of the largest value destructions, and insider status didn't help. For example, the multisig thing that happened to Gav Wood (the second time). If your lone example is the Dao attack, that looked like successful governance to me.

jefftk 7y ago
> the multisig thing that happened to Gav Wood I wasn't sure what you were referring to, but it looks like maybe https://cointelegraph.com/news/parity-multisig-wallet-hacked-or-how-come https://cointelegraph.com/news/parity-multisig-wallet-hacked...
- scottlocklin 7y ago
  Yep, that's the one. The astounding, insane decision to use "libraries" aka delegate call in any immutable smart contract always boggled my mind. The amount of space saved is so ludicrously small as to beggar belief. Hope the 10k or whatever worth of space savings (about 20 transactions worth) was worth it. Anyway, he didn't get a roll back, and the $200m in value that disappeared didn't either.
  - deleted 7y ago
    [deleted]
  - tossAfterUsing 7y ago
    wonder if he got to claim that as a loss on a tax form somewhere... hmmm.
    - scottlocklin 7y ago
      Well he's not a US citizen and unless he's insane, his corporations are offshored in a 0% domocile. It's really only a problem for Americans; everyone else who has their shit together can stick their corporate shell on Cayman or whatever.