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Even being able to grind a smart contract to a halt would be very profitable if you shorted it right beforehand.
by rawtxapp 5y ago
Even being able to grind a smart contract to a halt would be very profitable if you shorted it right beforehand.
- Retric 5y agoEven then you are limited things to people who are willing to break the law and have a giant sign pointing them as a likely culprit.
- rawtxapp 5y agoI mean people short crypto all the time, averaged over a long enough period of time long/short ratios are roughly ~50/50 [1]. It's normal market behavior. And if you're shorting one of the big ones, you can most likely do it on defi without even providing a name. 1: https://www.bybt.com/LongShortRatio https://www.bybt.com/LongShortRatio
- Retric 5y agoLet’s assume something like 100 people have very large* short positions on a system that goes down. Dropping the possibility from X,000,000,000 to 100 is quite a big deal. *very large being required for significant money to be at stake, making say 10k illegally from a short is hardly going to inspire a lot of effort.