5 ms·
Makes it easier to track with more then one copy of the ledger and immutability of entries (lies or not). Probably would not take three years to find the fraud
by bhewes 5y ago
Makes it easier to track with more then one copy of the ledger and immutability of entries (lies or not). Probably would not take three years to find the fraud as in the case of WorldCom. Though this is all spec as not been tested in real life.
- dmitriid 5y ago> Makes it easier to track with more then one copy of the ledger and immutability of entries Yup. As all the scams have proven, it's easy to track and get the money back. And that's before we get into nuggets like this [1]: --- start quote --- A clever operator found a vault containing five Bored Ape NFTs, which had unclaimed $APE associated with them since they were locked up in the vault. They used a flash loan to purchase a large amount of the vault's token, redeem the five BAYC NFTs, claim the airdropped tokens, return the BAYC NFTs, sell back the tokens, and repay the loan, all in one transaction that cost them nothing but netted them 60,564 $APE, which they then swapped for 399 ETH ($1.1 million). People were somewhat split on whether this could be classed as a vulnerability in the $APE airdrop, since (as with many crypto hacks and scams) the person was operating completely within the rules set out in code. --- end quote --- [1] https://web3isgoinggreat.com/?id=2022-03-18-1 https://web3isgoinggreat.com/?id=2022-03-18-1
- woojoo666 5y agoReminds me of the guy who bought a pass for unlimited flights for $250,000 and cost the airline millions in losses[1]. This is not a vulnerability, and not a crypto problem either, just a poorly designed giveaway [1]: https://en.wikipedia.org/wiki/AAirpass#Profitability_investigations https://en.wikipedia.org/wiki/AAirpass#Profitability_investi...