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evilweasel posted:Yes, a ton of claims were sold. The buyers have made out like bandits. But the sellers can rest easy knowing they found a way to lose money on FTX one last time.
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May 15, 2024 12:13
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drat. Imagine losing all your savings, then losing them again. 
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May 15, 2024 12:19
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cruft posted:I have a moral question for the thread.
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May 15, 2024 12:35
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zedprime posted:You can do the same thing without compute with some of the more secure greatest hits of the bad user sign up competitions. Have users answer trivia about the Ottoman empire. Make users spend time painting a MS paint portrait for their profile. The P=NP wall does not require compute if you can offload it into a users brain. This is a cool idea, but I have to make something that can't be replayed. Doing this with trivia questions requires a ton of work on my end, and once the questions are discovered, it can be automated. It certainly raises the bar, but HashCash makes it easier for me, which is an important consideration: at the end of the day, the computer's time costs less than mine. Tunicate posted:Have them mail in a physical letter to make an account. This is my favorite. <3
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May 15, 2024 13:35
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Abongination posted:48 hour wait on account creation.  to make an account
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May 15, 2024 13:49
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Get contact information first, then have a long series of captchas that are trivially broken by automation but are insanely aggravating to a human user. Have them repeat needlessly, fail all the time, have to try again. Throw cryptic errors, play horrible music you can't mute, blinking colors, over sized illegible font, the <marquee> tag. Offer a useless chat bot assistant that just outputs unhelpful random generic advice. Make complaint and bug submission forms that themselves become endless mazes of nonsense. Give the chat a voice feature that doesn't even try to understand them. That way you can be sure that anyone completing such a gauntlet is a bot or other malicious actor (if they weren't before they sure will be now). Eventually a pattern of real human frustration and angry will emerge that you can use to separate the real users. You know, violent mouse shaking, keyboard smashing, page refresh slamming, swearing at the chat bot. Then you can send them a working link like a week later.
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May 15, 2024 14:41
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Fools Infinite posted:Get contact information first, then have a long series of captchas that are trivially broken by automation but are insanely aggravating to a human user. Have them repeat needlessly, fail all the time, have to try again. Throw cryptic errors, play horrible music you can't mute, blinking colors, over sized illegible font, the <marquee> tag. Offer a useless chat bot assistant that just outputs unhelpful random generic advice. Make complaint and bug submission forms that themselves become endless mazes of nonsense. Give the chat a voice feature that doesn't even try to understand them. That way you can be sure that anyone completing such a gauntlet is a bot or other malicious actor (if they weren't before they sure will be now). Industry best practices. 
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May 15, 2024 14:52
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Deptfordx posted:Question: Could you have traded the debt on FTX. NPR had a podcast episode about this recently: https://www.npr.org/2024/04/19/1197958783/ftx-bankruptcy-claims-sam-bankman-fried
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May 15, 2024 14:56
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Tunicate posted:Have them mail in a physical letter to make an account. If it's at all feasible for your usecase, this is the correct answer.
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May 15, 2024 22:56
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I've got a place near me offering unlimited letter delivery anywhere in the US for 68 cents a piece (latency not guaranteed)
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May 16, 2024 00:15
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Pham Nuwen posted:
I was thinking the problem with this scheme was that I have to pay for the postage, but then I remembered when I was a kid it was common to have to send a Self-Addressed Stamped Envelope to get your Alfie Bike Reflector or whatever. They even started abbreviating it SASE. Clearly this is what I need to do.
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May 16, 2024 01:56
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Deptfordx posted:drat. Imagine losing all your savings, then losing them again. theyll going to reinvest in a new coin because they think they can make it back up
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May 16, 2024 02:05
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ynohtna posted:Industry best practices. don't forget the entire support section of the site is a 10-item faq, none of which could possibly be helpful to anyone, like "Q: why won't my computer turn on??" and "Q: Why is [service] so freakin EPIC? I love [service]ing!!
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May 16, 2024 11:50
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Cactus Ghost posted:don't forget the entire support section of the site is a 10-item faq, none of which could possibly be helpful to anyone, like "Q: why won't my computer turn on??" and "Q: Why is [service] so freakin EPIC? I love [service]ing!! And every item is on a different page.
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May 16, 2024 11:58
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Crypto: 12 seconds to zero. https://www.bbc.com/news/world-us-canada-69018575 "The Peraire-Bueno brothers stole $25 million in Ethereum cryptocurrency through a technologically sophisticated, cutting-edge scheme they plotted for months and executed in seconds,"
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May 16, 2024 13:49
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I wish that article went into detail on the exploit. Sounds like they were able to hijack pending transactions and change their destinations.
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May 16, 2024 13:57
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SettingSun posted:I wish that article went into detail on the exploit. Sounds like they were able to hijack pending transactions and change their destinations. here's the PDF of the indictment, which gives all the detail that we know at this time
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May 16, 2024 14:08
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drk posted:I've got a place near me offering unlimited letter delivery anywhere in the US for 68 cents a piece (latency not guaranteed) Could you have them send me a dozen gross of Es and Js? Capital only.
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May 16, 2024 14:32
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Vincent Van Goatse posted:Could you have them send me a dozen gross of Es and Js? Capital only. I'm sorry thos lttrs hav bn discontinud. Cuts hav bn hard. Alphabts only 21 lttrs now!!!
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May 16, 2024 15:09
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divabot posted:here's the PDF of the indictment, which gives all the detail that we know at this time God it's even better than I could have imagined. They own a bunch of validators. When notified that one of them was about to validate a transaction they tricked a bunch of MEV Bots to arbitrage on the validation, and through profiling them knew what coins they would buy and sell to arbitrage with. Through a relay exploit they were able to tamper with the transaction bundle the Bots made and force them to to buy the criminal's junk coins (which they knew to own from their profiling) and not sell it back to complete the arbitrage.
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May 16, 2024 15:27
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wild that their scam was on an entire class of front running bots in the etherium ecosystem I didn't even know existed. scammers scamming scammers all the way down
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May 16, 2024 23:24
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Lammasu posted:Didn't he get really depressed and become a priest? Honestly a hilarious ending
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May 17, 2024 00:02
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That was Tim Langdell of Edge Games. His entire deal was, as stated, using the fact that he owned the word "Edge" to shake people down. "He's not using these, just using it to shake people down" was basically the defense of Electronic Arts, and the judge agreed, taking away the Edge trademarks. I remember there being some fuckshit about "MIRRORS, a game by EDGE," but my half-assed attempt at Google didn't turn anything up. Also the stuff about the hacking contest is pretty neat. I don't know enough about it that I could understand any of the technical details, but I can understand what I've seen so far.
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May 17, 2024 15:12
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SettingSun posted:God it's even better than I could have imagined. They own a bunch of validators. When notified that one of them was about to validate a transaction they tricked a bunch of MEV Bots to arbitrage on the validation, and through profiling them knew what coins they would buy and sell to arbitrage with. Through a relay exploit they were able to tamper with the transaction bundle the Bots made and force them to to buy the criminal's junk coins (which they knew to own from their profiling) and not sell it back to complete the arbitrage. So not really a scam just crypto working as intended
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May 17, 2024 15:25
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Best I can tell what happened is like, the people running validators wanted to make frontrunner bots where they can sandwich pending transactions between their own buy and sell transations and validate the whole thing at once for zero-risk money. The problem is they can set up the sell transaction to only go through if it's been properly sandwiched but the only check they can put on the buy transaction is that no transactions have occurred since the transaction it's supposed to be inserted directly after, so they came up with a dumb protocol to keep their pre-authorized frontrunning transaction sandwiches secret and authorize the whole thing at once. (And if someone cut in front of them, the buy transaction would fail.) But someone found a way to get relays to leak the transactions, at which point they could validate it themselves but remove the sell transaction from the block, then put something in front of it that would make the sell transaction fail, leaving the bots stuck with the things they bought.
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May 17, 2024 15:53
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Yeah at the core they broke the trustless system by compromising the thing in charge of the trusting. This got me to look into MEV and boy howdy, that sure is a thing. Basically sanctioned insider trading, as far one can sanction something governed by computer code.
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May 17, 2024 16:05
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SettingSun posted:Yeah at the core they broke the trustless system by compromising the thing in charge of the trusting. yeah. This strikes me as a bad case, cos you've got the SDNY attorney talking about the integrity of the Ethereum blockchain. WHAT loving INTEGRITY MF
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May 17, 2024 20:45
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Update to my account creation thing:Crust First posted:This sounds like a technical solution to a human problem. This wound up being the right answer. JavaScript turns out to be about 500 times slower than C for this calculation. I'm not terribly surprised: browser people have an incentive to make it a waste of time to try and mine bitcoin on users' computers with JavaScript. But this means that if I wanted to rate limit a single computer to only create 1440 accounts in a 48-hour event, they could create 720,000 accounts with a C version. So, at best, I'm adding a bunch of code to put up a tiny speed bump. Even adding 20 accounts would be pretty problematic for this situation, and even with a browser, that's trivial. Unless I make hashcash generation take hours, I'm providing no effective protection. This event is 15 years old, and I have a hunch I've been down this road before. It's probably why I created the existing account creation system in the first place: you have to present a token present in a pre-generated list stored on the server. So I'm just going to let the server admin allow anyone to register with a toggle, and put a big warning around it that this opens you up to a nasty attack which humanity hasn't really solved yet: not with email verification, captchas, or proof-of-work.
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May 18, 2024 00:43
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Taking a step back here, I think what I've discovered is that even getting this idea to work the way it was envisioned in the 1990s takes way too much electricity, and is totally impractical. There's an existing solution that requires a central authority, is super easy to implement, and uses a tiny fraction of the electricity. There's just no good way to decentralize this. Sound familiar? cruft fucked around with this message at 00:56 on May 18, 2024 |
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May 18, 2024 00:51
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OneEightHundred posted:Buncha loving gibberish this is only good for Bitcoin
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May 18, 2024 01:34
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Gentlemen! The next https://app.joincommonwealth.xyz/ Welcome to: crypto scams posted:Common Wealth. With amazing things, like a ...https://app.joincommonwealth.xyz/funds/priceless-fund A...Priceless...Fund? Which raised 1.35 million dollars based on: "The Priceless Fund comprises $1.35 million worth of investments into 14 promising startups in Web3 plus a $WLTH airdrop from Common Wealth of $1.05M. No investment was necessary - this is a completely free "earn-to-own" VC fund. The 'investors' in the fund earned their Slice by completing missions and quests learning about and promoting the 15 projects in the Priceless Fund portfolio." So...people dropped...350k expecting to get 3x that back in an airdrop. Yeah, that's about it. With completely well known and promising startup titles with such as: Chirp Blocklords Fairside Cookie3 Nyan Heroes Gasp Mavryk Network Common Wealth Dyor exchange Diamondswap Analog OP games Nibiru Chain Asymmetry Rabbet 
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May 21, 2024 21:37
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Pay someone $1k to make a fancy looking website with every crypto/NFT buzzword and then spend a couple hours writing up a nonsensical "white paper" and boom, you got startup money you're never expected to actually do anything with. I am shocked anyone is still throwing money at this stuff though. Is it just speculators who are hoping one of them takes off or are there still true believers?
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May 21, 2024 21:43
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Popete posted:Pay someone $1k to make a fancy looking website with every crypto/NFT buzzword and then spend a couple hours writing up a nonsensical "white paper" and boom, you got startup money you're never expected to actually do anything with. Those are the same thing at this point.
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May 21, 2024 22:13
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Popete posted:Pay someone $1k to make a fancy looking website with every crypto/NFT buzzword and then spend a couple hours writing up a nonsensical "white paper" and boom, you got startup money you're never expected to actually do anything with. Sure the last 13 things I "invested" in turned out to be scams, but the "fundamentals" are sound. There are a handful of bad actors, but the "technology" has never failed. 
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May 21, 2024 22:22
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TFW you still believe the scammer's sales pitch even after the scam is over. He's a scamming rear end in a top hat but he made some good points.
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May 21, 2024 22:24
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MechaCrash posted:That was Tim Langdell of Edge Games. His entire deal was, as stated, using the fact that he owned the word "Edge" to shake people down. "He's not using these, just using it to shake people down" was basically the defense of Electronic Arts, and the judge agreed, taking away the Edge trademarks.
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May 21, 2024 23:01
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"This new crypto platform will be supported by these online games that, when they take over the internet, will explode in value!" The web3 game development cycle, in which millions of dollars are poured into sub-meme trash that no one ever sees much less plays, vs flinging even just five figures at someone to flesh out their catchy Game Jam concept, vs the years-long, seven-figure process it takes some experienced professionals on Kickstarter to make the kind of game they already know by heart. So much software development chasing platforms that are born and killed in darkness. Not entirely out of the ordinary, except here the baseline goal isn't even building a better _____. The foundation is already poo poo and they're supposed to build a miracle on top of that.
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May 22, 2024 00:27
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kw0134 posted:I mean, yeah, a trademark only exists if you use it in commerce. That's not only a defense, that's a bedrock principle of why that law exists in the first place. So if you can't show that your mark is used to identify some good or service, it's a legal nullity. True, but the trick is that "pay him to gently caress off" was cheaper than actually fighting it in court, so a lot of people did. Which is how this poo poo always goes: settling out of court is cheaper than fighting it, and this works until the squatter decides to pick a fight with someone big enough and angry enough to make an example out of them. Electronic Arts is a cancer and bad for video games as both industry and medium, but "they crushed the Edge guy" is something I can give them some credit for. 
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May 22, 2024 01:22
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Anyone else noticed how easy it is to create an entirely new thing, just by putting the word "digital" in front? digital vehicle digital contract digital currency digital people
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May 22, 2024 02:19
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Works for other words too. gay vehicle gay contract gay currency gay people
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May 22, 2024 02:28
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