Deniz Mert Edincik

Reverse Engineer / Developer / Mostly Harmless

[Deniz Mert Edincik @bluesign]

@ipekalcar @ulemalarhuder @istiklalkadin @erolozvar Ben zaten sizinle ayni fikirdeyim.

[Deniz Mert Edincik @bluesign]

@ulemalarhuder @ipekalcar @istiklalkadin @erolozvar Emredici degil o, bu faaliyet izninin kaldirilmasi ancak CB izni ile olabilir anlami var.

Ayni olay mesela uluslararasi anlasmalarda vb de var, CB son kontrol noktasi ( halkin iradesi anlaminda ), o olur demeden olmaz.

[Deniz Mert Edincik @bluesign]

@mbl267_NFT I think the main point is: if you have wallet, marketplace, minting gathered at the single vendor, honestly you don't need the blockchain.

I am sure flowty would be economically sustainable without any outside help, if those were decentralized. ( Or at least die trying )

[Michael Levy | Flowty.io @mbl267_NFT]

I’m on my phone and don’t have a ton of time but figured I’d take a shot at addressing why I think we are indeed worth supporting…

The value we bring to the dapper ecosystem is offering tools / features that dapper cannot or prefers not to offer. Loans, sub $1 sales (not a technical challenge but certainly an aesthetic one), rentals, AD offers, bulk listing, etc. Importantly, Flowty is also the answer to the questions ‘what happens to my collectibles if dapper goes under? If I’m reliant on Dapper to persist for my collectibles to survive (for all intents and purposes), what do I actually own?’ as the only reasonable place to view / buy / sell Flow NFTs in the absence of dapper.

From Flow’s perspective, Flowty is important in that we offer essential services to nft collections that want to focus on content / community. Without flowty, any prospective nft creator must now also be committed to building out a full featured marketplace and, to the extent interested, loan / rental platform. In other words, the absence of Flowty makes Flow far less appealing to builders. All existing nft collections that don’t have a marketplace are left with nowhere to buy / sell. If Flow is ready to write off those collections and communities or build out their own solution, they can of course do so. But there is already a solution available.

Additionally, I believe Flowty as a permissionless, trustless, and decentralized platform is an important option to have for collectors with a crypto ethos who prefer not to rely on a centralized marketplace solution and to use non-custodial wallet options.

Finally, we are fully built to support non-dapper wallet transactions. Dapper balance + dapper wallet are both incredible innovations with regard to ease of onboarding but are extremely limiting in terms of ensuring a flow of liquidity among 3rd party platforms. For an ecosystem rolling out defi initiatives, there are clear benefits to fewer guardrails and steps to moving liquidity around the ecosystem and from nft-centered platforms to defi platforms. There are also minimal use cases for the native FLOW token outside of Flowty loans and Flowty’s non dapper wallet marketplace.

Hopefully this all makes sense. Shooting from the hip and most definitely leaving some things out. You may read this and conclude Flowty is still not worth it but hopefully it at least provides an alternative perspective

[Kemal Ayça @kemalayca]

Teşekkürler @BoschGlobal @BoschTurkey

[Deniz Mert Edincik @bluesign]

@TrkNeMutluTrk @avdursunkucuk O dedigin enflasyon ile alakali. Ekonomik durum.

[Deniz Mert Edincik @bluesign]

@TrkNeMutluTrk @avdursunkucuk Eee o para isciye mi gitti?

[Deniz Mert Edincik @bluesign]

@TrkNeMutluTrk @avdursunkucuk O oyle olmaz iste, o senin dedigin issizlik yoksa mumkun, bi de sermaye olmasi lazim ( senin yalakasi oldugumuzu ima ettigim ) zaten isin buyuk kismi sermaye, 30% personel gideri azalmasi, toplam giderde 3-5% falan dusus yapar. + o vergi dususunun enflasyon etkisi falan

[Deniz Mert Edincik @bluesign]

@TrkNeMutluTrk @avdursunkucuk Bi isin degerini net maas belirler calisan tarafindan, isveren tarafindan brut maas belirler.

[Deniz Mert Edincik @bluesign]

@TrkNeMutluTrk @avdursunkucuk Seninle ayni isi yapan adam dedim senden sonra giren, o daha az brut maas ile girecek. Sen su an 65bin nete ok sen, seninle ayni adam da 65bin nete ok olacak. Vergiden bagimsiz. Yuzde 100% vergi olsa da sen 65bin nete ok olacaksin. Ben 100bin brutte kalayim mi diyeceksin?

[Deniz Mert Edincik @bluesign]

@TrkNeMutluTrk @avdursunkucuk Sen vergi vermiyorsun aslinda, isveren veriyor. Sen 100bin brut maas aliyorsun diyelim, yarin vergi 35den 5e dusse, isveren seninle ayni isi yapan yeni adami 100bine ise almayacak. Kira gibi, kirada vergi artsa, ev sahibi fiyati arttirmiyor mu, kiraci oduyor orada da vergiyi

[Deniz Mert Edincik @bluesign]

@svaneksmith Basically stealing the truck is a marketing expense.

First produce 1200 tons of fake kitkat.
Then stole the truck, and burn/dump the 12 tons of kitkats
Now dump 1200 tons of kitkat to the market ( buyers would assume legit )

[Deniz Mert Edincik @bluesign]

@rrrkren @bz_bbclub Yeah I think @bz_bbclub was thinking about sending fake usdc with the exact same amounts from different address attacks. ( You send some dust from random, flood history, then send the fake one )

[Deniz Mert Edincik @bluesign]

@rrrkren @bz_bbclub Yeah but then you are trading time for money. Attack becomes cheaper, but takes too long.

Better would be birthday paradox approach, but still not feasible. ( Anology would be sending spam email for 100$ per receipent, or sending spam email 1 receipent per a week )

[Deniz Mert Edincik @bluesign]

0x73e4a1094d0bcab6 for example is my address.

- Block explorers wallets etc can show full address as it it short.

Let's say you still try to poison:

- To poison you need maybe 0x73e4 xxxxxxxx cab6 kind of address.
- You need to create account to have an address. ( which has cost )
- for prefix + suffix only 2 bytes ( by fixing 4 bytes ). 4 bytes free. I think you need to generate like billion+ addresses.

[Deniz Mert Edincik @bluesign]

@rrrkren @bz_bbclub how you will poison cadence address? ( here in context, poison is prefix - suffix similar )

[Deniz Mert Edincik @bluesign]

@idaykan Central park ve besiktas zaten tezat degil mi. Besiktas nufus yogunlugun en dusuk oldugu ilcelerden biri.

[Deniz Mert Edincik @bluesign]

@prot0071 @drmervekaratas Kdv sizi hic etkilemiyor. 100 liralik hizmeti 120ye satiyorsunuz. Kdv 0 also ( musteri geri alamasa devletten 20yi ) hizmeti sizden 100e alacak zaten.

[Deniz Mert Edincik @bluesign]

@grkn Olmasi gereken de biraz bu aslinda. Yoksa sistem calismiyor.

[roham @roham]

We bet big on Flow. All of our products – from NBA Top Shot, NFL ALL DAY, Disney Pinnacle, and CryptoKitties to our new slate of apps starting with @PeakMoney_ – are built on @flow_blockchain.

This weekend, our bet was tested in public with a serious security incident. An attacker exploited a vulnerability in the execution layer to extract millions of dollars before being stopped thanks to coordinated action across the Flow ecosystem.

What happened next is most important.

Validators worked together to halt the network within 30 minutes. The exploit itself was identified and fixed rapidly by the Flow core development team, working with community developers (shoutout @bluesign). Over the following 48 hours, the Foundation, bridge operators, exchanges, and ecosystem builders worked toward consensus on remediation. Partners pushed back on early proposals. The approach evolved with input. No single entity could force the outcome.

As of this morning, the network is fully operational on the Cadence environment with 99.9% of accounts fully restored and the rest being verified as we speak.

Why does this matter?

The entire thesis of Flow is safer rails for consumer finance: institutional-grade products accessible to people who shouldn't need a crypto education to not get wrecked. Security and process aren't features of that mission. They're core to the product.

This weekend tested whether that's real or marketing. Consumer accounts were protected, the architecture isolated the damage, and the decentralized process held under genuine pressure. The foundation is stronger for having been tested—and the products that actually deliver Consumer DeFi to mainstream users haven't even shipped yet.

Flow is live. Dapper users were secure throughout. Now the real work begins.