50 sats \ 1 reply \ @orthwyrm 10h \ parent \ on: Stacker Saloon
I hope your studying went well last weekend.
Seems like it was a sophisticated address-swap attack (mirroring the first 4 and last 4 characters of the victim's intended address).
This sort of thing is possible on Bitcoin also, although I think here the attacker exploited some mEth magic to acquire the address in the first place. Many more vulnerabilities in wallet software to take advantage of.
Bitcoin will need some kind of hardfork by 2106 to resolve the timestamp overflow bug:
One could argue that it would be better to do this now while Bitcoin is still relatively small.
The interesting thing to me is that Bitcoin's growth and evolution is entirely driven by the number of developers solving difficult technical problems, whereas trad-fi is encumbered by the regulatory side and can only move so quickly.
So, we should expect the gap between Bitcoin and trad-fi to grow exponentially as AI takes off and improves developer productivity ten-fold. Much like the hypothesised AI singularity, I wonder if Bitcoin will have a similar moment where AI helps us crack a number of problems related to scaling and privacy in quick succession, and Bitcoin adoption explodes before regulators have a chance to even react.
ah yes my prediction that saylor will piss off absolutely everyone this cycle appears to be going swimmingly
Monero is not a good solution because it's a poor form of money that hemorrhages value over time (see BTC:XMR charts).
Therefore you either a) Hold onto XMR long term and eat the cost, or b) Swap into it from BTC on an as-needed basis (which suffers from the same chokepoint attacks as buying stuff directly).
If you go onto darknet markets you'll see that most vendors prefer BTC to XMR, perhaps for these reasons.
Day 381 of laundering sats every day till we starve the commies and usher in the anarcho-capitalist utopia.
__@_'-'