Bitcoins - digital currency
Bitcoin is a peer-to-peer digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. Instead, these tasks are managed collectively by the nodes of the network. Advantages:
- Bitcoins can be sent easily through the Internet, without having to trust middlemen.
- Transactions are designed to be computationally prohibitive to reverse.
- Be safe from instability caused by fractional reserve banking and central banks. The limited inflation of the Bitcoin system’s money supply is distributed evenly (by CPU power) throughout the network, not monopolized by banks.
Total size 5,811,700 BTC
or 4,585,431 USD
or 3,545,137 EUR
or 133,094,323 RUB
or 3,849 ounces of gold
Any value to this idea or will it never work?
at least this wasn't you!
at least this wasn't you!
What the heck...
Am I reading this right?
They swapped 220 for 5 somehow?
Swap
220,806.389669
($220,775.04)
USDC
For
5,272.998058
($5,271.59)
What the heck...
Am I reading this right?
They swapped 220 for 5 somehow?
Swap
220,806.389669
($220,775.04)
USDC
For
5,272.998058
($5,271.59)
Wow... how does this happen? Why would you put 100% slippage and how did they lose that much?
---
Largest loss was
0xee9fcd2b9996e96b642cb4cda47fc140f98fdaf07ee02657743d4bfcc4670106
where the entity made a $215k loss. All due to 100% slippage allowance and getting sandwiched.
---
What the heck...
Am I reading this right?
They swapped 220 for 5 somehow?
Swap
220,806.389669
($220,775.04)
USDC
For
5,272.998058
($5,271.59)
yes. it's called a sandwich attack. easily preventable if they put their slippage at 0.5% or something reasonable. they had no slippage protection and got rugged by bots.
doesn't really belong in the bitcoin thread, but felt like a worthwhile segue.
Good to know to never be that dumb. 👍
Wow... how does this happen? Why would you put 100% slippage and how did they lose that much?
---
Largest loss was
0xee9fcd2b9996e96b642cb4cda47fc140f98fdaf07ee02657743d4bfcc4670106
where the entity made a $215k loss. All due to 100% slippage allowance and getting sandwiched.
---
You can't fix stupid.
Scammers scammed scammers
Gamestop to buy BTC... Sure why not.
Its just a meme stock with a cult following at this point so you gotta do things to make the cult happy every now and then
Bukele helping Trump with deportations is more bullish than the gamestop news
Trump pardons Arthur Hayes and 2 other BitMEX guys
They all plead guilty
I'm not sure what the point is, but I quickly looked up pardons of people who pled guilty.
I didn't know about this one:
George Steinbrenner (1989): The Yankees owner pleaded guilty to illegal campaign contributions and obstruction of justice before being pardoned by President Ronald Reagan.
As long your cash goes at the “right” place ..
Yeah, this really shows how much pressure is being applied behind the scenes...
YW
