lmao

  • Mizokon [none/use name]
    ·
    3 years ago

    “It’s very like a hostile corporate raid funded by junk bonds – except it was over in 10 seconds,” said David Gerard, the author of Attack of the 50 Foot Blockchain. “In regulated markets, we have laws and regulations on how you can take over a company and drain it, but it’s not clear that this action was illegal. Even the project concedes that the raider acted according to the rules that Beanstalk set out.”

    Its legal :ancap-good: they followed the rules and didn't violate NAP.

    • RandyLahey [he/him]
      ·
      3 years ago

      a revolutionary new nft currency where each token is backed by a unique jpeg of a bar of gold, and all the pictures of the bars of gold are securely stored on a server thats physically housed in a big central vault with armed guards, so that way it will always retain its value

      plus also each bar of gold is stamped with a unique image of a lion making a cumface

    • NephewAlphaBravo [he/him]
      ·
      3 years ago

      a cryptocurrency, called beans, intended to have a stable value of $1 a coin

      Congratulations, you invented e-banking you fucking rubes.

      • Anemasta [any]
        ·
        3 years ago

        I mean that's supposed to be unregulated e-banking, for better or worse. In this case for worse.

    • kristina [she/her]
      ·
      3 years ago

      dprkoin that matches its value to usd -> dprk currency conversion

  • Tomboys_are_Cute [he/him, comrade/them]
    ·
    3 years ago

    expert says its a grey area

    in the same breath also says it is legal

    Why do these guys not just say this crypto shit is a scam? This whole pot was swept up by just a guy in a fashion so stupid I didn't even consider it could be done.

  • Saint [he/him]
    ·
    3 years ago

    Holy shit, this attack could not be any more obvious. Does anyone involved in these projects think for more than 3 seconds?