Joined 8 April 2021 · 4 posts
Feathery Serpent
120 KT
0 KT received · 0 KT given
@quetz
Radioactive Mistakes: Uranium Finance Hacked a 2nd Time Ever make a stupid mistake at work and have it blow up in your face? Well this should make you feel better. A Binance Smart Chain (BSC) DeFi project called Uranium Finance was hacked on 28 April 2021 for the second time in a month. Estimates for the second hack place the losses at $57 million. Not a bad payday for the attacker. https://uranium.finance/ This chart from DappRadar shows the results:…
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@quetz
The Only Article You Need to Share To Convince People Crypto Is Mainstream *More money has been lost because of four words than at the point of a gun. Those words are ‘This time is different.’* *―* *Carmen M. Reinhart,* *This Time Is Different: Eight Centuries of Financial Folly* https://www.goodreads.com/work/quotes/6560044 That cautionary quote is to offer a counterpoint to everything that follows. **Take it in stride**...…
@quetz
Dogenomics: The Case for Doge as a US Dollar Replacement Whoever fights with monsters should see to it that he does not become one himself. And when you stare for a long time into an abyss, the abyss stares back into you. - Friedrich Nietzsche, Beyond Good and Evil §146 The other day, I wrote up this article about Dogecoin, wherein I tried to instill some caution into Dogecoiners about the recent explosion in its price. This was also an attempt to reconcile how something…
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@quetz
50 Shades of Trust: Grayscale & the Nahmii Shuffle In what I hope was a fantastic April Fool’s prank, somebody filed to form a business in the State of Delaware called “GRAYSCALE NAHMI TRUST (NII) LLC” on April 1st, 2021. This might seem like a bureaucratic non-event, but it raised a few eyebrows for a couple reasons. Grayscale has been forming legal entities in Delaware at a lawyer-satisfying rate since the end of 2020. From December of that year until the start of March…
