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Joined 7 months ago
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Cake day: April 13th, 2024

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  • Hacking a private corporate system, which is generally on closed nets and requires an internal actor / phishing, is significantly different from exploiting a code fault on a public network.

    Trustless systems rely on mathematics to secure their networks. This is both the revolution of them and the risk. If you build a system of value and it is on a public network, and you fail to properly secure it, that is supposed to be the risk. You lose money, hopefully go bankrupt / lose credibility, and a more efficient actor eats your lunch.

    Treating it like a traditional system with these unspoken legal safeguards when it uses a public blockchain and public network is absurd.


  • No.

    It is more like finding a gold mine on public BLM land. It is over treacherous mountains only experienced climbers can access. There are no signs or doors saying it is licensed to anyone; indeed, it isn’t officially registered with BLM. So the climbers go in and take as many gold nuggets as they can carry.

    Unbeknownst to them, it was a mine discovered by rich and connected people who have cronies in BLM. Rangers go and arrest the climbers and say that you aren’t allowed to climb, climbing is illegal, and taking gold from that mine is illegal because someone else found it and dug it, even though they didn’t properly secure it nor did they put up any signs. They assumed the mountain was enough protection.

    This is closer to the situation.



  • *unfortunately oil companies that control the entire energy sector, NRC, and most politicians have created a fictional State politics and news fear cycle, since nuclear energy is the primary way to eradicate their business and profits

    Fixed it for you.

    Friendly reminder that the government is a facade and is run by major corporations and nations like Saudi Arabia & Israel. The people have completely lost control of the government in the US. Voting is a construct hijacked to institutionalize hopelessness and release the steam of rebellion. It isn’t voting when corporations choose who your choices are!