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WATCH PLATFORM RISK

All podcast episode summaries matching WATCH PLATFORM RISK β€” aggregated across every podcast we track.

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Quotes & Clips tagged WATCH PLATFORM RISK

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Bitcoin's religious ossification makes any change feel blasphemous

β€œFrom, like, the 2018 bear market, post four or post all of this stuff, Bitcoin just ossified so hard. I'd love to see a graph of, like, how many bips. Like, the BIP rate slowed down a lot. There were, like, a lot less bips. And then you had a lot of people come in that turn Bitcoin it was already somewhat there was a religiosity at that point. But they turned it into, like, hardcore religion of, like, no changes, no anything.”

β€” Kain Warwick - founder of Infinex and Synthetix

DNS remains the biggest unsolved platform risk in crypto

β€œCalswap's DNS gets hijacked, which is a thing that happens to, like, a bunch of people all the time. It happened to my family office. They were able to, like, get into my domain hosting place for my family office URL and social engineer. I went and social engineered another one of the agents and was like, hey. I had this problem. You seem like a really nice guy. Like, we went through a whole thing, and the guy was like, oh, yeah. We can totally do that. I just admitted that they I was like, well, okay. That's good. At least I have some closure here.”

β€” Kain Warwick - founder of Infinex and Synthetix

Curve founder held investor money for five years rather than issue tokens cheap

β€œThere's still a lawsuit where a bunch of us invested in Curve. We gave Michael and Curve a bunch of money. At the time, Michael didn't really need the money. So I sent him $80,000 in USDT. Then two months later, DeFi summer starts, and he's like, yeah. I don't need your money anymore. The investors who are involved sue him in Switzerland. They sue him in America. They sue him in every jurisdiction they can find. And they keep losing because I have to imagine the judge was like, you sent someone some magic beans five years ago and never got them back. What did you expect?”

β€” Kain Warwick - founder of Infinex and Synthetix

Quantum risk forces freezing Satoshi's coins as a forcing function

β€œIf Satoshi has just quietly been sitting there not saying shit for fifteen years, and all of a sudden, it's like, well, actually, I want the optionality of selling my coins. I don't wanna get locked forever. And this is the problem. If they do, in eight years' time, of this process, there will be a day where the coins will be locked forever. And at that point, if Bitcoin's a million dollars or something, it becomes, like, hundreds of billions of dollars of Bitcoin that's now just off the market. You have to imagine on that day, there's gonna be a God candle the likes of which we have not seen before.”

β€” Kain Warwick - founder of Infinex and Synthetix

BIP-361 proposes freezing un-upgraded Bitcoin wallets including Satoshi's

β€œAnd then Jameson, I wake up and I look at my feet and Jameson's like, so I have a bit to propose that we freeze the coins. And I'm just like, I'm so excited for this timeline. Because it is the antithesis of Bitcoin, not even, like, just the hard line Bitcoiners. Like, if you're in Bitcoin, you are against freezing. The word freezing, blocking is like blasting. And it's not, again, it's not just a hard line Bitcoiners. Like, this is a this is a core tenant of Bitcoin.”

β€” Taylor Monahan - crypto security expert

Phil Daian theorizes Satoshi was Hal Finney, Adam Back, and Dave Kleiman

β€œSo Phil Daian is like, there was a guy that wrote the code. There was a guy that wrote the white paper and had control of some of the accounts. And then there was, like, the genius philosopher person that pulled this all together. Hal Finney is that guy. Hal Finney was the, like, genius, visionary person that connected all the dots. Adam Back is the guy who was talking and writing things in the public face of the thing. Then he somehow goes on, like, an autistic dumpster dive with all of this material and finds an email in the Epstein files. The guy's name is Dave Kleinman. And Phil is like, this is it. That's the third guy.”

β€” Kain Warwick - founder of Infinex and Synthetix

Token holders have essentially no legal rights when ICOs change terms

β€œAs a token holder, you have no legal rights usually. The interesting thing about tokens is most of the time, the most rights you ever have is when you have the piece of paper that says that you will get tokens in the future. When you invest in any token, if you are clear eyed about it, you know that there's no rights, so they can do anything to you. At any moment, at any time, anyone who is a token issuer can completely fuck you over and just go, ah, like, we just changed the tokens, bro.”

β€” Kain Warwick - founder of Infinex and Synthetix

Scroll cranked fees 6,000x to punish EtherFi for leaving the chain

β€œHave you been following the scroll etherfi thing? EtherFi is leaving scroll, and then it appears that scroll has, like, cranked up the fees on the chain to, like, make it really expensive. For EtherFi things, the fees, like, originally were $2.50 a day, and then it cranked up to 16 k a day. However, there's other activity. These are, like, network fees. So there's other activity on the network that also now have to pay higher fees. You think you're going to, like, an immutable ledger, and these z k moon math guys are gonna, like, be your good friends. And then they're like, actually, we own the platform, and you can't leave.”

β€” Taylor Monahan - crypto security expert

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