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It would be interesting to create a cryptocurrency where transactions take an additional time to settle based on amount from the time the transaction is request

It would be interesting to create a cryptocurrency where transactions take an additional time to settle based on amount from the time the transaction is requested. $20k? No delay other than getting the transaction through the mining pools or whatever. $500k? Maybe an hour to settle. $1m+? That’s going to take a day (in which time big red warning lights can flash on your defi project wall boards).

Georgelemental 4y ago
Instead of one large transaction, l33t haxx0r can just make plenty of small ones
- nscalf 4y ago
  That can be solved by adding a delay for each subsequent transaction from a wallet. Solana has been considering this to solve some spam issues. t+(n*cooldown period), or something
  - myroon5 4y ago
    They could split the smaller transactions across more wallets
nullc 4y ago
It's not hard to set in delays yourself if you want them. You're missing the point though: these defi systems are mostly scams right out of the gate. They're designed to be exploitable by their creators. They're also designed so that the exploits are plausibly denyable-- so while we can look at the long long list of anonymous created defi ponzis that vanish with everyone's funds via similar attacks we can conclude that many were intentionally designed that way-- attributing it for any specific one is challenging.