this post was submitted on 02 Mar 2024
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Once someone hacked Bitcoin to give himself a bazillion bitcoin for free. Everyone else could see that - so they just patched the vulnerability - but Bitcoin was hacked.
That's why it ended up going here.
Which means it's probably still being hacked but if someone was smart they would steal small amounts from everywhere. Fly under the radar and because it's "decentralized" if it's small enough and random enough no voice would be loud enough to silence it.
I'd rather just take the one time lump sum payout of shorting it and flying over the radar. (Which that dude probably did) If you patiently exploit the vulnerability, then someone else might figure it out or notice.
Sssshhhh, you're going to break their fragile reality
You know what's hilarious is that this is another problem that was long solved with the traditional centralized systems.
I will continue to laugh at the response of SWIFT after investigating the viability of block chain and crypto currency. I'm paraphrasing but it was basically "ya, nah".
For anyone who knows SWIFT is the largest network of financial transfers in the world and not owned by any one company.