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I've got to say, this is an incredibly cyberpunk article. > Ronin, the Ethereum-linked sidechain that underpins play-to-earn game Axie Infinity, lost $540 mill
by Apocryphon 4y ago
I've got to say, this is an incredibly cyberpunk article.
> Ronin, the Ethereum-linked sidechain that underpins play-to-earn game Axie Infinity, lost $540 million in crypto to an exploit in March. While the US government later tied the incident to North Korean hacking group Lazarus, full details of how the exploit was carried out have not been disclosed.
It's not in William Gibson's style, sounds more like Bruce Sterling's.
> Axie Infinity was huge. At its peak, workers in Southeast Asia were even able to earn a living through the play-to-earn game. It boasted 2.7 million daily active users and $214 million in weekly trading volume for its in-game NFTs in November last year — although both numbers have since plummeted.
> Earlier this year, staff at Axie Infinity developer Sky Mavis were approached by people purporting to represent the fake company and encouraged to apply for jobs, according to the people familiar with the matter. One source added that the approaches were made through the professional networking site LinkedIn.
Also gives me Charles Stross vibes.
- pjbeam 4y agoCyberpunk is now, just sans the 80s fashion inspirations :)
- silentsea90 4y agoWho knows, hackers might be using their $ on fashion but alas the profession makes it hard to flaunt.
- munificent 4y ago> sans the 80s fashion inspirations :) You definitely haven't been paying attention to Gen-Z people then. The 80s are back.
- pjbeam 4y agoThat's a fair assessment of my attention
- hindsightbias 4y agoThe future is already here. It's just not evenly distributed yet” - maybe W. G.
- outworlder 4y agoWhere are my mantis blades?
- jerf 4y agoThe people in this review seem to think they're alright, but they look very silly to me: https://www.youtube.com/watch?v=tB4DDM8VHVg https://www.youtube.com/watch?v=tB4DDM8VHVg YMMV. But hey, maybe you can ask them for their design.
- nkrisc 4y ago> but they look very silly to me And pretty impractical as well. They look really poorly designed in terms of maximizing leverage. It also looks like they lose a lot of energy in the flexing of the entire mechanism and their arm, compared to a blade held directly in the hand.
- tadfisher 4y agoMore like Cryptonomicon without the Nazi gold backing.
- Apocryphon 4y agoCan't forget Stephenson, he's the third head of the '80s cyberpunk triad. http://www.openthefuture.com/wcarchive/2004/10/stephenson_and_gibson_and_ster.html http://www.openthefuture.com/wcarchive/2004/10/stephenson_an...
- quxbar 4y agoAxie was always a pyramid scheme, not an actually enjoyable game. Being able to write off $540 million in crypto loss and ALSO keep the coin? Sounds like a pretty neat way to end a scheme.
- seibelj 4y agoI know some equity investors in this who would disagree strongly with how beneficial the end game turned out to be