@AlextheYounga@elonmusk Do you, freedom maximalist Alex, hold all your wealth in a single asset? If not please mind your own business regarding how others manage their own property. Thanks :)
@flyingsolo1111@tokenstate Same way, say a European, as a participant in the economy of the EU is not particularly concerned about the EUR fx rate which correlates loosely with contractions and expansions of the economy of Europe.
@flyingsolo1111@tokenstate AMPL doesn't even have to become a reserve currency of the entire economy to gain traction. It could start with a niche sliver, say the crypto economy. So if one believes that part of the economy should get bigger, AMPL should too, with contractions and expansions along the way.
@flyingsolo1111@tokenstate When AMPL becomes a more established reserve asset your wealth (by holding it) will always remain the same percentage of the total supply which will go up and down with the economy. By holding USDC it's not a risk anymore but a certainty your wealth is eaten away by inflation.
The attacker paid huge slip fees, approx $1.4m was captured by nodes, with further $1.4m by ERC20 LPs.
Only users affected are ETH LPs, and they will be made whole.
So despite the exploit, Nodes, LPs and Arbers will stand to profit considerably.