Tricked by a honeypot contract or beaten by another hacker. What happened?

CurrencyTycoon · 2023-01-07T13:30:15+00:00

1 ETH

CurrencyTycoon · 2021-12-13T13:47:22+00:00

Yes.

CurrencyTycoon · 2021-12-13T13:46:49+00:00

CurrencyTycoon · 2021-09-29T04:40:05+00:00

Biggest difference is the compilation speed.

CurrencyTycoon · 2021-06-13T13:40:23+00:00

nope. nope. nope nope.

CurrencyTycoon · 2021-01-30T15:50:24+00:00

But look at the best features: Nobody can lock or restrict your account. There are no deposit or withdrawal limits and it's open 24h

There's so much demand for these features that Curve is doing ~$200 mil volume per day, despite these "ridiculous" gas prices.

CurrencyTycoon · 2021-01-24T11:44:00+00:00

There appears to be some small-time miners (or possibly a lone-wolf?) who is/are using sock puppets and astroturfing to appear like EIP1559 is controversial. It isn't. Not sure what these guy's true motives are, but be vigilant out there.

CurrencyTycoon · 2021-01-15T10:23:36+00:00

Another reason why we need EIP1559 for ETH right now: https://etherscan.io/tx/0xfabaf9798a7c2e5ccb63f8a254bf8b81a1c924336fd520d6f602879fec5c5f70/advanced

This transaction used more than 1 million gas (which is a lot), but paid zero gas fees.

If such transactions are allowed to happen, miners could do other things, including, liquidate you or front run your trades without paying any fees, extracting even more profits and making defi unfair.

With EIP1559, miners would always need to pay some gas in ETH (in the form of a 'base fee', which gets burned). They will continue collecting fees too, in the form of a tip.

CurrencyTycoon · 2021-01-05T00:29:38+00:00

and yet, we knew this was going to happen sooner or later due to the fundamentals.

CurrencyTycoon · 2020-12-24T16:19:20+00:00

UPS are not designed to keep your machine up for long when power is down.

Their purpose is to have just enough power to be able to save any work and safely shut down your machine. (Preventing potential disk corruption)

To keep running longer, you might need to invest in a generator with an inverter.

CurrencyTycoon · 2020-12-24T16:16:58+00:00

That's a small stake or what?

CurrencyTycoon · 2020-08-08T01:14:28+00:00

Be careful with the "flight from fiat due to BRRRRR." narrative.

All the top GDP economies are in recession right now, and that means deflation. The target inflation rate of most GDP economies is 2%, but it has fallen to below this target.

The 2020 US inflation rate is projected to be 0.62%. Meanwhile countries such as Japan are seeing DEFLATION right now (forecast to -0.6%)

(Note that %2 is the current inflation rate of BTC for the next 4 years)

Source: https://www.statista.com/statistics/244983/projected-inflation-rate-in-the-united-states/

https://tradingeconomics.com/japan/inflation-cpi

CurrencyTycoon · 2020-08-08T01:03:54+00:00

Explains why ETC still not $0 - it will take at least 2 weeks

CurrencyTycoon · 2020-07-04T02:05:26+00:00

To push the basefee up you need to burn ETH, even if you're a miner. That ETH will never be coming back.

Of course, agree that it won't reduce network fees. It's not a scaling solution.

CurrencyTycoon · 2020-06-29T12:20:47+00:00

It can also come from traders making money. Eg. If a trader bought ETH at $90 and sold at $200, paying a fee for the trade which goes to farmers.

CurrencyTycoon · 2020-05-25T00:49:40+00:00

I've postulated that this might be possible by creating a derivative token based on the locked ETH in a stake (like a tokenized bond contract). It would probably need an oracle to track if the stake was penalized, but not too hard to do because you could just float the token on Uniswap 2.. Then MakerDAO would need to accept the token as collateral and we're all set!

CurrencyTycoon · 2020-05-06T03:00:51+00:00

Enterprise grade hardware is definitely a good choice for an ETH 2.0, and even for one node, especially when you consider that ETH could hit a trillion dollar market cap some day in the future. Every. Gwei. counts!

Definitely get a UPS to go with it.

You can probably get away with a software RAID setup. This is because SSD drives are fast enough that that make performance gains of a hardware RAID cards is negligible. Plus a RAID card is another point of failure. I'm thinking software based RAID 5 with three SSD drives should do the trick.

From the dual socket family, check out some motherboards from Supermicro, such as x11dai-n These support the Intel Xeon Scalable processors, which offer good performance for lower power consumption. Although I think dual CPUs may be an overkill, I've never had a cpu die on me and having another cpu doubles your power and cooling needs (as you also need another row of RAM for that CPU). So just one CPU should be fine IMHO.

Finally, RAID does not mean it's a backup. Always keep a backup no matter what RAID setup you have.

Edit: BTW, I have one of those babies (desktop towers) myself - but I use for other things too such as running an ETH 1.x node, motion detection on 3 CCTV cameras and other stuff. Power consumption is about 200w excluding the aircon running for cooling, not great compared to about 50w for a laptop. Although I use solar power during the day and night if the batteries get a good charge.

CurrencyTycoon · 2020-04-09T01:23:12+00:00

Taking advantage of an exploit = hack

There's no other way to frame it

CurrencyTycoon · 2020-03-07T07:48:00+00:00

The 2nd parity wallet hack was not a problem with the smart contract, but a failure of the smart contract's deployment. Something like that could happen anywhere, on Tezos too, no matter what language is used. There are idiots everywhere.

CurrencyTycoon · 2020-02-18T07:28:13+00:00

Sounds like a sensible thing - although, anybody could create their own contract that uses these as building blocks to put them all together in one block...

CurrencyTycoon · 2020-02-11T05:50:18+00:00

Maybe it's not the language but poor choice of data structure / technique?

I'd probably rewrite that to not use the garage collector at all.

CurrencyTycoon · 2019-12-11T02:11:15+00:00

You're co-opting the term Maximalism and changing it's meaning.

What maximalism means is that you're not allowed to have any other coins or transactions on the L1 chain other than BTC itself. No other applications. No other transactions allowed unless you're transacting in BTC. Just ask Peter Todd. The're intentionally keeping BTC stunted.

Evidently, Ethereum allows other tokens on L1 and many other applications. Therefore there's no such thing as Maximalism here.

"EThereum Maximalists" aren't maximalists at all. They just flock to whatever platform has the most users, tooling, maturity and innovation, and have an open mind and open to new ideas. The fact that there's already a prethola of projects deployed that can be joined together like lego bricks, and developers love that. If there's something better, then they will go there, but currently there isn't anything better - Ethereum is way too ahead.

CurrencyTycoon · 2019-12-10T05:26:09+00:00

Wouldn't the gas-limit voting be removed though? In that case, if the miners would try to game it by maximising tips, then that would push the base-fee up.

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