and required a machine with terabytes of NVMe SSDs
jump to 3:40 in the video; can watch at 1.25x or 1.5x
I guess since it’s not so decentralized, they can get their nodes to prohibit transactions of the 1.1B VET… they suspect inside job… “Security breach was most likely due to misconduct of one of the team members within our finance team, who have created the buyback account without thoroughly obeying The Standard Procedure approved by the Foundation, and our auditing team did not pick up this misconduct, due to human error.”
Chris Hughes: Okay, so this is a clever race condition but this article is misinfomed. First of all the MakerDAO contracts arent single contracts, but rather a masssive spider of subcontracts. There are governers in place for risk on the network. This type of attack has been theorized and Maker would stop working before the attack could work. It’s a very nieve writeup.
Should there be more checks in place? Yes, this also game up when DAI was put onto Coinbase. OpenZepplin found an attackvector and disclosed it, contracts were patched and the world moved on.
Jared Moore Chris Hughes super appreciate your insights, i though it was “doom impending”
Chris Hughes Jared Moore Not fair… it is still defi… it’s outside the regulatory stucture but yes there might me some need to look at a governance upgrade, but there are tradeoffs. First off the Maker humans are some of the best in this game, their contracts are very well designed pieces of software.
via h/t https://www.facebook.com/thejaredmoore/posts/10158412170874369
“How do you produce more Ed Snowdn’s?”
probably track a few other related topics besides crypto a little bit, e.g. mesh networks is key in decentralization’s future
Could be worth finding another option than Slack for your ICO…
Good for him, I will continue using Bitmex. Seems like a well placed piece of marketing for EToro.
yes, good marketing score :)
beware this ‘ripple’ effect…
Crypto is Not just blockchain! :)
very nice code review by Zeppelin
Great coverage Jorge, congrats!
Interesting breakthrough, will be interesting to see how this evolves…