So exploiting a bug for financial gain is not a criminal offence.
If there is a bug with a McDonalds cash register that it would randomly open every 10 minutes, its not a crime to take the money?

Or is the bug that it was accidentally moved to another wallet and no one actually did it on purpose

What if the hacked party is a decentralised, unregulated entity operating outside the jurisdiction of any law enforcement? Is it still a crime? *shrug*

is it a hack if the smart contract did exactly what it was coded to do?

This might demonstrate the platform's resiliency. Just cause you transferred some value from one wallet to another doesn't automatically entitle you to that value.

If you want to present yourself as a legitimate entity you might be reluctant to accept value from wallets that have drawn value from a wallet where the ownership of value is in question.

Eth staking via Lido in the latest Ledger Live.

There was also an interview transcript circulating that (paraphrased) amounts to:
Why? Because if I didn't someone else would (either staff or some black-hat) and I had zero intent to spend this, which is also why I'm returning it... and because I don't want to get into shit, I'm highlighting this weakness and returning the crypto anonymously.

And has it all been returned yet?

You get busted for finding a flaw and stealing. Of course the default excuse is "I was highlighting a flaw, and Im the honest guy, and Im going to return the money"

Im sure the same could have been done with $100.

Apparently *most* had been returned before the weekend. Don't know if all was returned... and that statement came out after the crypto had started trickling back.

But yes I was NOT trying to justify this myself, merely paraphrasing what the thief said.

That being said, IF (and not saying he was), IF the hacker was correct and was *cough* protectively and proactively taking the crypto to prevent staff/other hackers taking it, stealing a mere $100 worth would quite possibly be a prompt for anyone within the organisation to speed up their plans, while also not actually making headlines - so less attention paid to the theft until someone that was going to actually steal a large amount cleaned the exchange out.

Excuse the run-on sentance.

Returned "almost all"

Yeah, I wasnt directing it at you, but at the story.

Cardano ATH.

Isn't that the shitcoin Gene Simmons was shilling a while back? Seems legit.

Not your keys = not you coins

https://cointelegraph.com/news/coinb...-from-accounts

“ One Coinbase client, Tanja Vidovic, claimed to have lost nearly all of her $168,000 in cryptocurrency holdings after receiving a number of password change security alerts in April. Attempts to contact Coinbase by phone were fruitless, Vidovic said.”

lol. Just a lazy $168,000 sitting on exchange.

ETH and ADA seem to be having a good week.

Cardano is some Silicon Valley-level valuation methodology. https://youtu.be/BzAdXyPYKQo

"I don't know why people are suddenly bearish on Cardano now for the UTXO design not properly supporting DeFi. The lack of fundamental use case is bullish because it allows you to make up whatever TAM you want."

- Lily Francus, funniest / smartest person on Twitter rn
https://twitter.com/nope_its_lily/st...293823490?s=21

We may have a problem here guys ::facepalm::

Is this FUD or legit?

From what I gather, Cardano doesn't have smart contract capability. Therefore layer 0 has no DeFi and therefore it's not a "Ethereum killer" by anyone's reckoning.

The BulletKing comment in that thread pretty much sums up Cardano's PR campaign since 2017. Still could be worth throwing money at it purely because it is #3 slot marketcap, and fundamentals have left the building.

https://twitter.com/scupytrooples/st...540559360?s=21

"The uniswap of Cardano is one tx per block. Unoswap"

lol.

it sounds… complicated:

https://sundaeswap-finance.medium.co...o-c160f8c07575

I have some ADA ($0.78 USD/each). Was more of a what if this shite is true position?

Fundamentals have been long forgotten, I'm surprised its reached $3 this quickly. I suspect it will plumet in the days leading up to smart contracts going live..... which must be soonish?

In the mean time the rest of the market has perked up and its possibly just delaying ADA's inevitable dump. Got to risk it for the biscuit though huh.

You can't fail by selling all your Cardano the day before a big milestone, then buying it back a week later.

Best to stay in pre-Smart Contract phase. That way you are always 100x (hell, why not 1,000x) better than Ethereum in your peer-reviewed theorising.

Jeez, El Salvador timed that well. A sovereign nation just bought the dip.

Thoughts and prayers with the people of El Salvador at this difficult time ::facepalm::

Dogecoin to the moon: a short story in pictures.

OOF. Hilarious though.

That said, stupid person did a stupid thing and is now fucked and the story makes me feel smart for not doing the stupid thing and makes me feel schadenfreudy about the stupid person's stupidness is a very lucrative subgenre of monetisable user-generated content.

I would not be surprised if the story were fabricated just for clicks. But I'm old and cynical.

While I am grateful for the content, I kinda loath how YouTube dominates and shapes the content generation industry.

If it makes you feel better there's a happy ending: he didn't get offered that job at the Amazon warehouse.

Anti-Bitcoin protest in El Salvador. 67.9% of the populace against it in recent polling.

Was the majority always against it?

Or is this one of those things where people want it, and then when they get it they realised it was mistake.
Trump
Brexit
etc

The Bitcoin law was rushed through Salvadoran parliament in a matter of hours with no public consultation and hardly any debate. El Salvador is one of the poorest countries in Latin America. Most average people there have no idea wtf Bitcoin is.

However, a survey by the Central American University (UCA) found that only 4.8% of the 1,281 people who took part understood what Bitcoin was and how it was used.

If only 4.8% understand it, why are 67.9% against it?

Because they're being railroaded into accepting something they don't understand as legal tender.

Vendors generally need to be able to accept any form of legal tender. If the vendor has no idea what a bitcoin is, or how to transact on it, and that's without going into the per-transaction cost of bitcoin, it's a bit of a joke as tender.

I have no idea why El Salvador chose bitcoin as its digital currency. It seems completely inappropriate.

^ The short answer is that various corrupt officials and crypto bros in President Bukele's inner circle talked him into it.

Yeah, totally should have bought ETH instead.

Yeah, instead of cat shit, should have bought radioactive cat shit.