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This comes less than a week after an $80 million exploit involving Qubit finance (https://web3isgoinggreat.com?id=2022-01-30-1 https://web3isgoinggreat.com?id=2
by ilamont 5y ago
This comes less than a week after an $80 million exploit involving Qubit finance (https://web3isgoinggreat.com?id=2022-01-30-1 https://web3isgoinggreat.com?id=2022-01-30-1), which is now begging whoever did it to "be a white hat" (https://twitter.com/QubitFin/status/1488809058526064640 https://twitter.com/QubitFin/status/1488809058526064640) while telling customers its "willingness to compensate." (https://twitter.com/QubitFin/status/1488339036448391168 https://twitter.com/QubitFin/status/1488339036448391168)
My questions are: Are the majority of victims in both exploits ordinary small-scale traders, investors in the companies that operate/promote these services and protocols, or other entities?
Is there any realistic hope to make the victims whole without the cooperation of the people responsible for the exploits?
- skulk 5y ago> realistic hope to make the victims whole without the cooperation of the people responsible for the exploits? This is exactly the problem that hundreds of independent groups of humans had faced throughout tens of thousands of years of history and to which all came up with the same solution: central authority.
- errcorrectcode 5y agoThe ledger is a central authority but with decentralized distribution. Central authorities can tell users what they can and can't do with their money, count their money, monitor, violate privacy, and impose sanctions, taxes, or trade restrictions on them.
- skulk 5y agoI should have said "central authority for arbitration of disputes."