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Crypto projects tend to be the best in the entire world about paying out bug bounties. The connection to dollars is really obvious. In the last three months the
by danielvf 5y ago
Crypto projects tend to be the best in the entire world about paying out bug bounties. The connection to dollars is really obvious. In the last three months there have million dollar plus bounties paid out.
Here's an article from today about a million dollar bounty paid out:
https://medium.com/immunefi/notional-double-counting-free-collateral-bugfix-review-28b634903934 https://medium.com/immunefi/notional-double-counting-free-co...
Here's another whitehat save in the last two weeks of 480 million dollars:
https://media.dedaub.com/phantom-functions-and-the-billion-dollar-no-op-c56f062ae49f https://media.dedaub.com/phantom-functions-and-the-billion-d...
- verdverm 5y agoImagine how many other world problems we could have solved of cryptos were not a thing. No scams, rugpulls, or bounties. All that money could have gone towards world hunger and climate change. Would that have been a better use of it for marginalized people?
- astrange 5y agoSome things can't be solved with money. (Or rather, it would take infinite money to solve them in a given amount of time, but allow enough time and solving it is free.)
- FireBeyond 5y agoAll the energy saved...
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]
- PretzelPirate 5y agoCapital tends to get allocated where it can be the most product for its owner. The alternative to putting it into crypto would not have been to solve world hunger, climate change, or to create a more equitable world. It’s like saying “think of all the ways we could have made the world better if people didn’t invest in Apple.”
- creato 5y agoIt helps to realize the USD values of the amounts involved are mostly bullshit. Things like NFTs wouldn’t be worth a small fraction of what they supposedly are if people had to buy them with actual USD.
- can16358p 5y agoGetting the corrupted governments and their money out of the equation (even if to only to some extent), solves more problems in the long run. These days are the upfront prices we pay for a much bigger financial revolution that would be good for humanity in the long run.
- tiborsaas 5y agoWhat percentage you think that speculative wealth would be sitting in hedge funds if crypto was not a thing?
- sokoloff 5y agoImagine how many people could be fed if people just stopped buying Starbucks… People have varied motivations but reward for self is a pretty common theme across them.
- riwsky 5y agocue joke about cryptocurrencies being self-funding bug bounties
- 8note 5y agowere they actually paid in dollars, or some crypto that cant be exchanged into that many dollars?
- danielvf 5y agoClose enough to dollars, although one project did also give out a bonus of their own tokens on top of the promised reward. Large projects tend to be pretty good about paying out as promised, and not in weird tokens.