@JohnCarreyrou I’m not sure how you can discredit a combo of Back and Finney only because “it would have not been an airtight secret”. Don’t think that’s sound logic, esp when Finney passed away.
This combo would explain some of the linguistic tests where Back and Finney come out in the lead.
@dampedspring@blknoiz06 China and ROW choosing gold over btc as a store of value due to trump’s vocal alignment with btc is a theory that could make sense.
Truly mobile digital store of value for mobility and going across borders is btc > gold though (as long as this price action is an aberration 😅).
I hear you on the liveness concern but one key benefit of being an L2 is sitting under ETH security. And if Cloudflare goes down, that’s a systemic issue for pretty much every perp venue and even CEX front-ends, not something unique to L2s. HL has other risks (its small/young validator set, security as a new L1, recent ADL and HLP stuff).
Honestly, what ends up deciding HL vs Lighter won't be the L1/L2 battle, it’ll prob be liquidity, spreads, UX/API, backers and integrations, fees, and how hardened/reliable the platforms are. And how they react to challenges.
I think both will coexist, just depends how much marketshare lighter may take from hype.
@SmallCapScience They’re reworking vault access to depend more on the token. Should hear more re the hedge fund using their data as well soon.
Interesting tech.
One of the things we do at Dragonfly that I recommend to all teams that manage crypto custody/multisigs:
Randomized fault injection!
Basically once every {N} days, somebody involved in our custody setup becomes designed the hacker. Their job is to get a "malicious" transaction past our custody processes (sending the money to a safe address we control).
They are allowed to do anything to accomplish this. Lie, cheat, fabricate documents, impersonate other people.
If they successfully get the assets past our custody process into the safe address, they get $500. If they are successfully defended against, the defenders split the money.
Fear of being embarrassed by their peers has probably leveled up our team's situational awareness more than anything else we've done.
Sharing this tip for others!
@0xWismerhill Having these discussions in the open seems key.
It's maybe a benefit of more transparent defi (eg, Midas linking to debank multisigs) that these trends can be more easily questioned.
Can't go so far as to call it self-regulation (lol) but still a helpful "check" to bad acts.