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RE: The Wild Wild West Era Of The Blockchain - What The Latest Ethereum Hack Tells Us About The Future Of Cryptos

in #ethereum7 years ago

hmm, while the notion is just, i'm just not sure if we can apply compassion when money is involved. sure they helped them not get STUNG by replacing the funds in a kinda robin hood rob back from the rich to the poor, but the poor were rich to the sum of $30 million! :) - also, 3 wallets, with $30 million in? someone needs to not be so trusting of cutting edge tech, that's just ASKING to be hacked just to see if it can be.

BUT.. . i am incredibly thankful for the new breed of compassionate white hat hackers, because without them balance and innovation would suffer at the hands of greed, when money becomes 1's and 0's like this the intention as you put it matters so much more. nice post dude, got me thinking! :)

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also, 3 wallets, with $30 million in? someone needs to not be so trusting of cutting edge tech, that's just ASKING to be hacked just to see if it can be.

I'm rambling here, but my wild guess is that those wallets were not belonging to individuals, but probably to some groups / businesses. With the abundance of ICOs these days, and with the need to make the contract address public in these ICOs (where else should people send their investments?) it's pretty easy to track these types of accounts. It would probably be more time consuming to track individuals accounts, although relatively easy, from a computing point of view.

So I suppose we're talking about ICO money. Again, it's just a supposition, I might be wrong.

"White hat hackers" isn't a "new breed". Hacker was originally a positive word for a computer literate person finding flaws in software, and usually exposing those flaws so that they could and would be fixed. "Cracker" is a word that has been used for malicious hackers, "black hat hacker" might be a better contemporary take on it.

If you want to read about early hacking you might want to look into phreaking and books by Cory Doctorow. There is another book I have read, but I can't remember the author...

i never said it was. read what i put. and yes i know cory, i've filmed him many times on a live stream as for background i was phone phreaking on a motorola 6800x serial port way way back. .. in analog times - the new breed was white hat hackers that had compassion.

Thanks for clearing that up, I misunderstood :-) Nice to see phone phreakers here!

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