It's funny how often I go back to old code that I've written and am surprised that I actually wrote it
So yesterday there were 2(?) exploits of Ethereum contracts that resulted in millions of dollars worth of NFTs being stolen out of people's wallets. The victims had at some point given approval to these contracts and two hackers found an exploit which allowed them to transfer the NFTs to themselves.
As a result of that, this thread is being promoted. It's an end user strategy to basically setup 3 different wallets to limit your vulnerability. You can read it below, but it limits connecting your wallet holding all your valuables to something that could be exploited.
It makes sense in the current environment, but it also really pisses me off. Let me explain why.
I've been a fan of crypto since BTC back in 2013, the tech is awesome, but unfortunately the UX sucks and stuff like this just perpetuates it. The real problem is that writing exploit free smart contracts is too difficult and instead of addressing that, we are putting that responsibility on the end user. There is 0% chance that ETH can succeed if new users need to setup 3 wallets when they sign up.
Imagine joining a bank and when you open your account they tell you to keep your cash under your mattress cause they can't guarantee someone won't steal it.
Eth needs end user security baked in and it needs to be easy, not playing musical wallets so I don't lose my ass.
Now this isn't the first time an exploit has occurred and it won't be the last, but I do believe ETH is running out of time to solve this problem. It's clear that contract auditing is not enough, maybe AI can help.
I'm still a big believer in ETH and do think innovation will prevail, but we need to stop putting the responsibility of security on the end user and put it back on the chain, developers and ecosystem.
Hockey is the man's man sport
BTW, Trouba said Frederic challenged him on the fight. (Remember the stick-whacking incident on 11/25.)
Trouba: "If I had someone hit me in the head with a stick, I'd probably want to fight them, too. I've got no issue with it. It is what it is. Answer the bell & move on." #NYR
I'm convinced that those who figure out how to use AI to supplement their day to day are going to outperform the ones that don't by at least 10X
Something has gotta give with these exploits. I believe this one is up to $3M +
The exploit came from an old contract that users had approved from a company called NFT Trader.
Some ideas:
There needs to be a way for companies to renounce contract approval, they can pay the gas themselves.
Maybe contract approvals need to expire, there is no reason why these should live forever.
I have no idea if this exploited contract was audited, but regardless bugs are going to happen, we need to make sure they are way less impactful.
hey @elonmusk I'd like to immediately unsubscribe from every NSFL video on X, can this please be a setting?
The @heroku add-ons marketplace has gone to 💩
We are getting hundreds of spam signups every month. I've also noticed a bunch of add-ons I am using are sunsetting their integration and this is probably why.
I’m looking to buy a small SaaS business.
Some criteria:
- Around $1-2k MRR
- Built on Ruby on Rails
- The older the better, but must be at least a year old
If you know someone looking to sell, please share this. 🙏
My DMs are open
Shopify devs - I am looking to hire a rails dev to help me upgrade one of my apps. It's on an old version and also needs an app bridge upgrade. I'd do it myself just don't have the time.
Ideally someone that has done it before. Shoot me a DM if interested.
My 3 year old just asked me for yogurt with hemp seeds and maple syrup as a snack…
Start early with healthy options and your kid will actually request them
The better question, what about CBDCs?
It solves your security concerns, is technically crypto and also competes with his business.
JUST IN - JPMorgan Chase CEO Jamie Dimon: "I've always been deeply opposed to crypto, #Bitcoin, etc."
"If I were the government I'd close it down."
I don't often agree with @dhh, but in the case of Once and the pendulum swinging back to self hosting, I do think he is right, he's just very early.
Over a longer time frame, we are going to trend towards decentralization and this move is a part of that. Add in the fact that software is becoming commoditized and cloud hosting is easier, it feels inevitable. I don't think SaaS goes away but it will for some verticals.
I don’t understand people who attack others online and then are surprised when they get angry replies. You are picking a fight with a mob, what did you expect to happen?
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