/biz/ - Business & Finance

>>55135324
>So this is actually how commodity traders do this in larger markets, they’ve done it in various commodity trading settings in various Forex settings, and they continue to do it today and there’s many many cases of it. There’s other attack vectors where people are more actively trying to exploit flash loans, gain access to data, so on and so on but as the value continues to rise we will see these attacks increase. As these attacks increase, what’s important that users understand the attacks and make sure that the protocols that they’re using are actually conflict of interest free because the more money you put into a protocol that some PSYCHOPATH hedge fund market maker trader can steal from, the harder that protocol might fail, which will be bad for all of us, plus the more money you would lose which, I don’t know, it’s your money. We actually have to be educated about private key security, about the inputs into the system and also about how those inputs are created in order to demand that the systems that get built aren’t these replicas of the traditional financial system that make a few people rich, but make the rest of us have to explain why we replicated the FTX Alameda thing within our industry. Which once again, I won’t have to explain because we’re not doing that. We have no plans and no systems and no way to go and trade against anybody but it’s just something to keep in mind that this is the architecture that we have to protect and that everybody has to be informed about and make sure that the systems they’re putting their money into are actually run in a way where no third party can go trade against them and steal their money. And that’ll actually make the whole ecosystem better.