/biz/ - Business & Finance

>>17766147
KEK

I'm enjoying seeing these plebbit cucks get raped

what bug

Someone explain what happened

Some people deserves to be poor.

>>17766235
LOTS of liquidations occurred when the network was congested and the price was plummeting. nobody was offering anything for the liquidated vaults (too busy freaking the fuck out, i guess) so some guy just bought all the vaults for $0.

>>17766285
I’m retarded so please use simpler words
How does someone just buy something for zero?

>>17766147
Crypto cucks deserve to lose every cent for being ignorant investors

>>17766285
Did he get the ETH for free then? How much was it? Did he transfer it all out?

>>17766305
if you don't know how maker works don't bother

basically every defi protocol is full of bugs and you're suicidal if you use them. they've all had critical breakdowns at this point

>>17766305
It's all on an auction system. Some guy bid 0 while there were no other bidders

>A perfect storm of events allowed an attacker to pay $0 dollars for your collateral. Really sucks. In a perfectly functioning system, this should not have happened. Unfortunately, due to network congestion, a fast moving market, and a lack of keepers resulted in only one person bidding to buy your collateral. That person bid $0 and the system accepted it as the winning bid.

Code is law bro

>>17766147
>play game with specific rules
>lose game
>demand new rules to be reapplied retroactively so I never lost
redditniggers

>>17766338
he got $4-6 million in free ether, yeah
>>17766353
no bugs occurred. the system was simply flawed in that it works perfectly, unless there's a serious liquidity crisis

HAHAHAHAHAHAHA fork the coin bro

>>17766338
yes, a single person bought around $4m eth for free according to reports. Fucking classic.

>>17766334
this. you put "6 years of life's work" into something like this?????

>>17766235
He bet everything on black & got red

>>17766385
>>17766395
Holy damn that's based. Grats to the new millionaire.

>>17766395
what a loser, i wouldnt buy 4m free ether unless im paid at least 2 million usd!

>>17766395
Shit like this is why I loved crypto back in the day. Much less common recently but still good to see

>>17766334
Crypto is not investing.

>>17766305
it wasn't for free. It was an auction where he was the only bidder and there's no reserve. Everyone keeps saying $0 but in reality is was just a really really low price. They paid gas fees and the lowest amount they could be bothered to, which was probably a couple of cents for about 20,000 ETH

>>17766334

"Supporting this DeFi project with their life savings"

...Like seriously, wtf are you doing?

>>17766147
Would anyone actually rope if that was them?

6 fucking years down the toilet.

>>17766353
How does Chainlink fix this?

>>17766442
He leveraged his life savings and took out debt against it, he deserves it.

>>17766472
Even in the legacy market this just sounds like a bad idea.

>>17766472
the whole reddit is full of posts like that

>>17766460
No

>>17766472
He could have have like 75 ounces of gold if he just cashed out and went to a coin shop. And not been a cryptokike like you and everyone else on this board. I’m lying naked in my bed right now in a hotel room naked in Oklahoma City Oklahoma with 3 ounces of gold lying right near my nuts.

Something about the keepers not being able to bid. Gas was too high and this dude just jammed a tranny.

>>17766460
chainlink had the same issues. No oracles could post price updates on chain because gas fees were too high. Chainlink failed here as well.

That's so funny. What site is that? Please post more!

>>17766547
NICE

Does the whore you are waiting on accept gold or is it just cashapp?

Can't get liquidated if your coins aren't in the exchange.

>>17766582
here's another
go to r/makerdao

>>17766588
If my testosterone wasn’t so low She’d already be here instead of browsing this South Dakotan tomboy forum

>>17766363
Which auction system? links?

>>17766385
>$4-6 million in free ether
Fucking based

>>17766616
Not a problem, just go hit up /fit/ for some tren

>>17766547
Fuck that hot. More pics?

>>17766654

>>17766363
>Some guy bid 0 while there were no other bidders

>>17766667
You have nice legs anon do you have kik?

>>17766667
I like the tiles. Can you call the reception and ask them where they got them from?

>>17766679
Do you want a still shot of me beating off?

>>17766757
y-yes if you don't mind

>>17766363
>bid 0
>win bid
Holy fucking shit get REKT

Maker always struck me as something that would go horribly wrong if a bug was found or the market plunged.

>" Due to this vulnerability there is a huge incentive now for the ETH price to be driven down so that CDPs can be robbed. Some of the ETH gained from the CDPs could be sold to drive down the price. "

>>17766667
I'm from bixby what's good

>>17766147
This was able to happen partly because Makerdao's in-house oracle feed failed.

>>17767013
How far are you from me? I’m in Yukon. Driving to ny to pick up my brother who fled the city and is at a hotel 100 miles outside nyc

I could use a massage before my long trip. Already drove from New Mexico today

>>17767013
Meet me at the Tulsa hard rock tomorrow around noon? You can break my arrow

>>17766547
Why do you have gold laying next to your nuts???

>>17767123
Nice reference but I got work sorry fren, good luck on your drive!

>>17766235
Something utterly predictable.

>>17766733
not this shit again

>>17767144
Do you have a girlfriend that can give me a hand job at least?

>>17767188
Checked

>>17766382
kek, so true.
Getting angry and demand a central authority give you money back.
plebs aren't ready for crypto.

>>17766472
this

>>17767188
man that takes me back
wonder how tile fetishist guy is doing

>>17766363
There should not have been buyers, but the buyers themselves were getting liquidated.

im a total noob
what website was the r*dditard using and how does the bidding system work

What the f is a makerdao ?

>>17766353 is retarded and cant even explain it like >>17766363