3 ms·

I don't really understand. You can create wallets at will. What would be the value of one that someone else happened to create?

by 0x3f 8mo ago

xrd 8mo ago
If it has a small transaction history it obscure the owners intentions. An address created right before a wager is obviously for one purpose.
- 0x3f 8mo ago
  Right but if you have the forethought to go buy such a wallet, you could just make one yourself in advance and create a transaction history. Although I would argue that even this doesn't have much value. It's not a big problem that people know "there exists an insider at OpenAI". There are plenty of employees there that shield you from being discovered. In fact it would be so difficult to find this person among them, assuming the most basic opsec, that I'm highly skeptical they actually fired anyone. I would sooner assume this is just an announcement designed to discourage the behavior, since no specifics are provided.
  - xrd 8mo ago
    You are giving a lot of credit to this criminal. I really doubt they thought about this long in advance of the crime. Are you suggesting they got hired at openai so they could make calculated wagers at Kalshi? This was more likely a crime made impulsively.
    - 0x3f 8mo ago
      First of all I'm not sure what they did is criminal. And it would have been Polymarket. Nonetheless, you can just be a pre-existing OpenAI employee. As long as you take basic precautions, they (as in, OpenAI), are not going to be able to find out it was you.
TZubiri 8mo ago
Aged accounts, shell companies, it's a market
- 0x3f 8mo ago
  Not in this context it's not. Companies can't create Polymarket accounts. Polymarket accounts are just email addresses or alternatively crypto wallets. And there's no purpose I can imagine to aging them.
  - TZubiri 8mo ago
    I'm confused, why would companies be unable to create Polymarket accounts. By talking about aged accounts and shell companies, I meant that there's black markets for aged accounts from social media platforms, and there's markets for shell companies (and to some extent warmed up emails). In both cases the age of the company gives it some value, as anyone doing due diligence on the accounts will weigh the age of the account as a positive signal. Age of an account is a costly signal and significantly slows down Sybil attacks. Spammers pay some cost for aged accounts (even if it's just waiting and holding the inventory) and for defenders it works as a PoW system, they don't need to ignore the age signal, it works just fine.
    - 0x3f 8mo ago
      There's just no distinction between accounts like that, 'accounts' are just crypto wallets. There's no system that would ever care about the 'age' of your account here. There's no DD. If you have a wallet, you can participate. The 'spam' prevention measure is the same as for any crypto thing: tx costs.

I don't really understand. You can create wallets at will. What would be the value of one that someone else happened to create?

by 0x3f 8mo ago

I don't really understand. You can create wallets at will. What would be the value of one that someone else happened to create?

xrd 8mo ago

If it has a small transaction history it obscure the owners intentions. An address created right before a wager is obviously for one purpose.

0x3f 8mo ago
Right but if you have the forethought to go buy such a wallet, you could just make one yourself in advance and create a transaction history. Although I would argue that even this doesn't have much value. It's not a big problem that people know "there exists an insider at OpenAI". There are plenty of employees there that shield you from being discovered. In fact it would be so difficult to find this person among them, assuming the most basic opsec, that I'm highly skeptical they actually fired anyone. I would sooner assume this is just an announcement designed to discourage the behavior, since no specifics are provided.
- xrd 8mo ago
  You are giving a lot of credit to this criminal. I really doubt they thought about this long in advance of the crime. Are you suggesting they got hired at openai so they could make calculated wagers at Kalshi? This was more likely a crime made impulsively.
  - 0x3f 8mo ago
    First of all I'm not sure what they did is criminal. And it would have been Polymarket. Nonetheless, you can just be a pre-existing OpenAI employee. As long as you take basic precautions, they (as in, OpenAI), are not going to be able to find out it was you.

TZubiri 8mo ago

Aged accounts, shell companies, it's a market

0x3f 8mo ago
Not in this context it's not. Companies can't create Polymarket accounts. Polymarket accounts are just email addresses or alternatively crypto wallets. And there's no purpose I can imagine to aging them.
- TZubiri 8mo ago
  I'm confused, why would companies be unable to create Polymarket accounts. By talking about aged accounts and shell companies, I meant that there's black markets for aged accounts from social media platforms, and there's markets for shell companies (and to some extent warmed up emails). In both cases the age of the company gives it some value, as anyone doing due diligence on the accounts will weigh the age of the account as a positive signal. Age of an account is a costly signal and significantly slows down Sybil attacks. Spammers pay some cost for aged accounts (even if it's just waiting and holding the inventory) and for defenders it works as a PoW system, they don't need to ignore the age signal, it works just fine.
  - 0x3f 8mo ago
    There's just no distinction between accounts like that, 'accounts' are just crypto wallets. There's no system that would ever care about the 'age' of your account here. There's no DD. If you have a wallet, you can participate. The 'spam' prevention measure is the same as for any crypto thing: tx costs.