this post was submitted on 07 Jun 2024
532 points (98.4% liked)
Technology
59525 readers
3662 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I have no sympathy for him, if he is a crypto developer he knows how important those private keys are. And he also knows people scrape public areas all the time looking for keys just like that. The whole point of crypto is to be immutable, so that money is simply lost to him now.
He seems to know how much of a dumb mistake that was, although his description of himself was a bit more colorful.
IIRC there are several cases where some group of people lost big enough coins and force most of the miners to fork to get their money back. Not bitcoin though.
If that doesn't make everyone lose 100% trust in coins that do that, I don't know what will.
Ethereum, https://en.m.wikipedia.org/wiki/Ethereum_Classic#The_DAO_bailout
That's insane that this really happened.