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So, while I knew that this had been offered in back channels, I failed to realize that this was not only confirmed to me in e-mail as well as publicly announced

by saurik 5y ago

So, while I knew that this had been offered in back channels, I failed to realize that this was not only confirmed to me in e-mail as well as publicly announced: Boba (one of the forks of Optimism that was affected by this same bug) has additionally extended to me their maximum bug bounty reward of $100k, making the "updated total" awarded for this bug (so far ;P) $2,100,042 (which more firmly might be setting a new record). https://twitter.com/bobanetwork/status/1491989915336388618?s=21 https://twitter.com/bobanetwork/status/1491989915336388618?s...

deleted 5y ago
[deleted]
antishatter 5y ago
Not to be “that guy” but make sure you get an accountant to help you avoid like a $1m tax liability to the extent it is possible. Probably a lot you can do.
- sillysaurusx 5y ago
  Which tax liability? That’s news to me.
  - anchpop 5y ago
    Any income is subject to taxes in the US
    - sillysaurusx 5y ago
      Yeah, but 50%?
      - antishatter 5y ago
        Yeah a prize like this will be close to 50%. If you’re w2 remember that your employer covers like 25% of your tax burden. So when you self employee or win an award like this you end up paying that tax plus the tax your more used to.
Terry_Roll 5y ago
Still not alot of money compared to what banks spend sorting out problems today. So I was the coder for a payroll system for those paid out of the channel islands, in 2008, day after boxing day I was asked to add 3 more digits to the payroll system so a trader could be paid a bonus. That system moved alot of money all around the world. Another example of costs. $81million nicked from Federal Reserve Bank of New York. https://www.reuters.com/article/us-cyber-heist-bangladesh-idUSKCN1PO19J https://www.reuters.com/article/us-cyber-heist-bangladesh-id... Here is an example of what has to be paid out when things go wrong, it was made into a film, adjust for inflation and quantitative easing. https://en.wikipedia.org/wiki/Nick_Leeson#Downfall_and_imprisonment https://en.wikipedia.org/wiki/Nick_Leeson#Downfall_and_impri... https://www.imdb.com/title/tt0131566/ https://www.imdb.com/title/tt0131566/ Best office I have seen is Nomura's directors office in London. You could fit a house in it!

by saurik 5y ago

deleted 5y ago

[deleted]

antishatter 5y ago

Not to be “that guy” but make sure you get an accountant to help you avoid like a $1m tax liability to the extent it is possible. Probably a lot you can do.

sillysaurusx 5y ago
Which tax liability? That’s news to me.
- anchpop 5y ago
  Any income is subject to taxes in the US
  - sillysaurusx 5y ago
    Yeah, but 50%?
    - antishatter 5y ago
      Yeah a prize like this will be close to 50%. If you’re w2 remember that your employer covers like 25% of your tax burden. So when you self employee or win an award like this you end up paying that tax plus the tax your more used to.

Terry_Roll 5y ago

Still not alot of money compared to what banks spend sorting out problems today. So I was the coder for a payroll system for those paid out of the channel islands, in 2008, day after boxing day I was asked to add 3 more digits to the payroll system so a trader could be paid a bonus. That system moved alot of money all around the world. Another example of costs. $81million nicked from Federal Reserve Bank of New York. https://www.reuters.com/article/us-cyber-heist-bangladesh-idUSKCN1PO19J https://www.reuters.com/article/us-cyber-heist-bangladesh-id... Here is an example of what has to be paid out when things go wrong, it was made into a film, adjust for inflation and quantitative easing. https://en.wikipedia.org/wiki/Nick_Leeson#Downfall_and_imprisonment https://en.wikipedia.org/wiki/Nick_Leeson#Downfall_and_impri... https://www.imdb.com/title/tt0131566/ https://www.imdb.com/title/tt0131566/ Best office I have seen is Nomura's directors office in London. You could fit a house in it!