Who designed their system to require ALL multi-signature keys to sign instead of a majority? Talk about one of the stupidest decisions I've read about this year.
Suppose one got hit by a car, are all of OKEx's funds lost?
I guess they have already imagined that scenario, those keys are not in that person's head, they must be stored somewhere, in some device or a paper or whatever. They must have something planned, if not, their customers can be in a dangerous situation. |
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The best stop loss strategy is to keep your money in your pocket instead of gamble it and throw it away in a high risk market where you will end up losing it all, maybe not today, neither tomorrow, but definitively someday.
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If you mean centralized in terms of governance it will depend on wether big exchanges can use the tokens deposited in their platforms tu rule the protocol or not. If you mean the exchange itself I don't think so, if you take a decentralized exchange and turn it into a centralized one you are killing it, it would be much better just shut it down.
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What you have in your hardwallet are not the tokens but the keys to access the tokens. Your tokens are in the contract and any change that is made in the contract will affect your tokens no matter where you store your keys. For example, if devs decide to freeze the contract for whatever reason, you will not be able to move your tokens independently of the wallet you are using.
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Have you considered using a testnet? You could send employees testnet coins that they could not use elsewhere since they have no value. Anyway, there is a way you can spend the gas of a transaction on behalf of someone else, it's possible, if you search on Ethereum Reddit or google you should find information about how to do it.
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The question is will some hacker in the future be able to call for a swap without the private keys of the victim? Because AFAIK unless there's a metamask of our account attached we won't be able to call up for a trade.
Am I wrong?
What happened weeks before and the reason why this topic was created, I guess, is that someone put a large amount of tokens in a new and unknown yield farming site and lost it all because the dev had introduced a backdoor in the code so he was able to claim those tokens even after the user withdrew them from the site. In theory, without that backdoor that was introduced in the first place in the smart contract, he couldn't have stolen those tokens. Anyway, I think there are tools out there to revoke access to your wallet. |
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#PROOF OF REGISTRATION
Bitcointalk Username: bartolo
Telegram Username: @paellacongambas
Participated Campaigns: Signature campaign
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When Bitcoin futures trading started in the U.S., the price dumped hard, so, don't take for granted that the ETH price will rise when the futures trading starts. It's also true that the ETH price is not high right now, as it was the Bitcoin price then, but be careful anyway.
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Visa was initially a member of Libra association but withdrew from it and now is pursuing a digital blockchain currency of its own. What's your take on it?
It seems they didn't quit Libra for the reasons many people thought, regulations, but for more pragmatic reasons. Instead of being just part of a project, they decided to design and create their own. |
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You need to be very cautious with this kind of threads, I'm sure there are some big holders out there waiting for people to fall into the hype to dump their bags on them and move along.
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I guess we can add Counterparty (XCP) to that list. It had its moment, but with the arrival of Ethereum and other blockchains in which you can create and move tokens in a cheaper and faster way, it was displaced and abandoned.
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It doesn't matter at all, the TON network will be absolutely useless and valueless if Telegram is not behind the project and Gram, or whatever coin or token they create, can't be used on Telegram.
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#PROOF OF REGISTRATION
Bitcointalk Username: bartolo
Telegram Username: @paellacongambas
Participated Campaigns: Signature
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I have finished and posted my translation. I've sent you a PM with the link. Regards.
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Hilo original: https://bitcointalk.org/index.php?topic=5188721.0 ----------------------------------------------------------------------------------------------------------------- Nota: No guardo ningún tipo de relación con este proyecto. Este hilo es una traducción del hilo original posteado en inglés. En el caso de que hubiera cualquier diferencia o discrepancia entre este hilo y el original siempre prevalecerá el hilo original al que se puede acceder mediante este enlace: https://bitcointalk.org/index.php?topic=5188721.0 |
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Why they call it staking instead of lending which is what this is? This model consists of users lending their coins to the exchange for they to stake them and give them the reward, but I guess the exchange will take a part of that reward for themselves. Would not be better that holders staked the coins themselves?
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1. Huge Discounts
Many new projects are still making this mistake over and over again, huge discounts like 50% is insane and it always bother me how the hell the early buyers won't end up dumping since they have already see big profits.
It depends, if those buyers foresee a good future for the project and think they can earn more in the future, they will not sell their tokens even though they can take easy profits in the present. |
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Those rumors that you mention are always there, almost every day, even when the price of Bitcoin rises, they are not the reason. I don't think people are selling because the low volume at BAKKT either, but maybe some whales were waiting for this launch to sell their holdings, selling the news to buy cheaper later.
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