10 ms·

Yeah, they said whoever has the most beans has control. So these guys got a loan to get beans, took control, and left with the money. They didn't even hack it

Yeah, they said whoever has the most beans has control. So these guys got a loan to get beans, took control, and left with the money. They didn't even hack it. They fell for the Proof of Stake / Ayn Rand fallacy which is the assumption that anyone with a lot of money is a good person. Btw, that's why proof of stake is so complex. They have to do all these complicated hacks to get stakers to be good.

PaulHoule 5y ago
I hear people saying that Ethereum is finally going to make that proof-of-stake transition and not be so energy intensive anymore but I wouldn't be surprised if bad actors have accumulated a knowledge base of vulnerabilities they haven't shared and if within 48 hours to a month there is no more Ethereum.
- jeroenhd 5y ago
  Either way the enormous waste of electricity on ethereum blockchains ends, so that doesn't seem like that bad a problem to me.
  - gjs278 5y ago
- mrwh 5y ago
  I'm guessing there's a fair amount of research on the "optimal" amount to steal. No good killing the host after all.