The biggest “DeFi” “hack” ever was on the Poly Network across multiple chains that amounted to $600M in value. The smart contract was obviously flawed and had a bug which the “hacker” was able to exploit. I don’t really like calling these people hackers because in a sense, they’re doing something that any good lawyer would do with a normal contract. That is, looking through the terms of the contract for advantages they can get. A lot of the media treat this perfectly legal execution of the contract as something that was sinister when it’s really a flaw with the complicated smart contracts themselves. There wasn’t a server that was hacked into, or keys stolen from someone. There was simply an overlooked, badly-coded clause in the smart contract that was executed.
Jimmy always bringing clarity to murky waters in crypto. As soon as I think I understand something, Jimmy puts everything into perspective and I truly gain understanding. Jimmy, you are an exceptional human for all you do to help educate people.
lightning liquidity is important... but, the word "ads" / "advertisement" is just... a bad decision. makes me think of not-so-cool things. a better word perhaps.
Altcoins are DINOs (Decentralized in Name Only). Bitcoin Tech Talk #253
Jimmy always bringing clarity to murky waters in crypto. As soon as I think I understand something, Jimmy puts everything into perspective and I truly gain understanding. Jimmy, you are an exceptional human for all you do to help educate people.
lightning liquidity is important... but, the word "ads" / "advertisement" is just... a bad decision. makes me think of not-so-cool things. a better word perhaps.