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LayerFoo
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LayerFoo
@layerfoo
observ coins, master reality, meet thy father
Inscrit le Haziran 2015
982 Abonnements152 Abonnés

@serbobross @icobeast There’s no incentive for them to slowly sell, the longer you wait the more chance another actor discovers the same vulnerability
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If you find a vuln like this (and you're an evil scumbag) then you'll be interested in counterfeiting and dumping the money as fast as possible. You can't know how many other people discovered the same flaw, and as soon as it is discovered or someone else starts dumping counterfeit ZEC on the market, you begin running out of time quickly.
Thus, you'd expect that if anyone could find a vuln they'd exploit it right away, and we'd see it because the shielded pool would quickly drain and the market would dump. But despite the massive amounts of liquidity available, neither of those happened.
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look i'm not trying to pile on because i think at least a good chunk of people bought into this really believing in it, but here's a simple question:
how are you not giga-fucked if you can't even prove if something has been exploited or not, possibly resulting in infinite coins minted in the past which you can't even detect today or at any time in the future?
is this the situation we are looking at here? am i misstating it?
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If you find a vuln like this (and you're an evil scumbag) then you'll be interested in counterfeiting and dumping the money as fast as possible. You can't know how many other people discovered the same flaw, and as soon as it is discovered or someone else starts dumping counterfeit ZEC on the market, you begin running out of time quickly.
Thus, you'd expect that if anyone could find a vuln they'd exploit it right away, and we'd see it because the shielded pool would quickly drain and the market would dump. But despite the massive amounts of liquidity available, neither of those happened.
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LayerFoo retweeté

If you find a vuln like this (and you're an evil scumbag) then you'll be interested in counterfeiting and dumping the money as fast as possible. You can't know how many other people discovered the same flaw, and as soon as it is discovered or someone else starts dumping counterfeit ZEC on the market, you begin running out of time quickly.
Thus, you'd expect that if anyone could find a vuln they'd exploit it right away, and we'd see it because the shielded pool would quickly drain and the market would dump. But despite the massive amounts of liquidity available, neither of those happened.
Instead, as soon as a very plausible first-responder found it (Taylor does cutting edge security research for us, and has worked with us for over 10 years) they shut the pool down and fixed it. (As an aside, while it's of no comfort to the average person, I can assure you all of the people who found this vulnerability and patched it are the most honest people I've ever met in my life.)
I'm keeping my money where my mouth is though and promise to keep the vast majority of my net worth in the Orchard pool until I announce publicly otherwise! :)
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