Ben Mahala

@CasPiancey 7 years ago 😖

@functi0nZer0 Not sure if you already know, but the Long War 2 / Long War of the Chosen Mods are really good, always felt like a straight up upgrade over the base game.

Started replaying XCOM 2 Had to

@AliceFromQueens I have a conspiracy theory that this was (mostly) an inside job and that the oil stuff was one of the Venezuelan asks (because they want the US to repair their infra) and the US ask was about Chinese/Russian drone tech in the hands of 'nonstate' actors

The oil rationale never made any sense.

Looking for a job! 🕸️ extremely experienced in TypeScript/React/Node ⛓️ seasoned Solidity smart contract dev 🔥 former CTO of a YC startup 📊 fluent in SQL, also great at Mongo 💪🏻 actively coding since an 8 y/o in the 90s

The Causevest Bounty is now live till October and it will expand across multiple platforms #new" target="_blank" rel="nofollow noopener">bitcointalk.org/index.php?topi…

@angela_walch Grasping reality directly is rather uncomfortable but it is the only way to handle it without resorting to some kind of delusion.

@BenDMahala Astute, maybe, but rather demoralizing

I am so conflicted because all world systems are collapsing at once and crypto purports to be a life raft but it doesn’t do what it says on the tin But neither do the collapsing systems either so no real options

Given these facts, I don't think a fork is going to happen. If these facts were different (eg, if they had used a timelock like TheDAO) that would be different. Maybe a fork could cleanly solve the problem (I would support it if it could). But that horse has sailed it seems.

This would socialize the Bybit losses among all ETH holders. I don't think this would be popular though, especially if Bybit is able to recover from the hack by themselves (which they seem to be able too? This is one of those things were time will tell).

Now if you just wanted to accomplish 1) (Remuneration / Bailout) that could be technically simple, just fork, print ETH and give it to Bybit I don't think this is wise, politically speaking, but it is technically possible.

I don't know why people misunderstand The DAO hack so much: the key takeaway isn't "hardfork good" it's "timelock good" But timelocks are still massively underused in the ecosystem today, so there's no real opportunity to fork to solve the problem now. It is what it is.

People try and use The DAO hack as an example miss the key point The DAO had - the timelock. The hacked funds in The DAO couldn't (really) move and so it was technically easy to recover them with minimal collateral damage

And that's ignoring the second+ order effects that would devastate or even outright kill the ecosystem. I don't think that would be popular among holders, even those who would be directly remunerated.

The funds have moved too much to prevent Laz from profiting without massive collateral damage (greater losses then the hack itself) . A "full rollback" would probably cause 10s of billions of effective damage at this point and they would get to keep anything they bridged.

A Bybit fork would have two main goals: 1) To remunerate ("bailout" if you want to be less kind) Bybit / Bybit users 2) To prevent Laz/NK from profiting from the theft. Given the technical state of the ETH system, I would argue that, at this point, 2 is effectively impossible.

*bursts out of the earth in front of a gravestone* RRRARRG I must FeeD on Brai... *cough cough* So there is discourse about a fork on ETH to try and solve the problem of the Bybit hack and I feel compelled to contribute, against my better judgement.

@phildaian This is insane and I love it. I am pessimistic of it actually coming to anything but appreciate you trying regardless.

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@koeppelmann No idea, not actually involved io n ETH dev, just know the theory.

@BenDMahala Do you know wether such a timeline is realistic? Discussing, implementing, , finding consensus, activating such a fork will take time.

GETH bug. ~70% of all validators finalize a incorrect state within 15min. 30% correctly reject that fork and build a correct chain where the 70% over a period of time lose all their stake (quadratic inactivity leak) In this scenario, do you expect/ support a “bailout“ to happen?

@koeppelmann I suspect the most politically palatable fix would be a fork to let caught validators leave the set without a new checkpoint being finalized. No money has to change and then they can withdraw as normal.

Examples (just guesses - haven’t done proper analysis) how bailouts proposals might look like: - allow geth validators to attest the correct chain by temporarily censoring slashing transactions (soft fork) or by removing slashing per hard fork - fork in their balances again

@edmundedgar I think ETH was probably ok since they were Ethereum based, but enshrining DAI was a big mistake. I don't know anything about UMA.