@PharosWatch To people criticizing Pharos right now:
Have you considered that if a single article can break a stablecoin’s peg, maybe the problem isn’t the article?
Are they seriously calling thorchain decentralized when there’s only $45 million securing the nodes? Bro, hackers could buy the entire network on any random Tuesday.
THORChain was modelled after Bitcoin, to be permissionless and censorship resistant.
There’s no single person or entity in control of the protocol. There’s no admin key. There’s no 2-of-3 multisig. Currently, there’s 95 nodes spread globally that control the network. For the network to change a two thirds supermajority have to agree, resulting in a 64-of-95. No one can override that.
Bitcoin is neutral because the code is neutral, and the nodes enforce it.
THORChain is neutral because the code is neutral, and the nodes enforce it.
@tayvano_ Just a reminder that any single THORChain validator can pause the network and they deliberately chose not to during the laundering of stolen funds.
@jussy_world@THORChain In such cases, neutrality basically means complicity
I actually posted an article on that a couple of days ago
https://t.co/lAXg2zB0oT
@ohdatskate I just tested this on SideShift and noticed that balances are not displayed when selecting the asset to bridge, which is not very convenient.
p.s everything else is good though
@PeckShieldAlert@KelpDAO@THORChain@Balancer Not surprising they chose THORChain — it’s basically the go-to laundering machine in crypto. Every hack they earn a huge amount of fees. No wonder their validators choose not to act.
@lookonchain@Mantle_Official@LidoFinance Not surprised @THORChain is helping launder funds again. It’s crazy that any single Thorchain validator can pause the entire network for about an hour — more than enough time to coordinate and stop it. Yet once again, nothing is done.