When plunder becomes a way of life, the elite create legal systems to justify it and moral codes to glorify it. (1848) Godspeed THORChain & thankyou ShapeShift!
Hardening the THORChain Protocol
Steps taken to make THORChain more resilient to attacks and network uncertainty.
* Automatic Solvency Checker
* Granular Network Pause Controls
* Node Timeouts
* Outbound Throttling
* Node Broadcast Bot
* Live Monitoring
https://t.co/eJfLh4NfwP
The THORChain community began building in the 2018 bear market.
They've weathered many adversities in the last 3 years, but have never wavered from their vision.
This time is no different.
The THORChain project has made some very public mistakes.
But the solutions being put in place are equally public.
With THORChain, what you see is what you get.
There's no secrets. $RUNE
The finish line is close. The pathway to getting operational again is known.
With focus, diligence, humility and determination, this final bridge can be crossed.
Onwards
All of the THORChain exploits were because of ERC-20s and the complex Router/Bifrost interface.
What’s more important to the network?
ERC-20s or safety?
If it was easy to create, everyone would be creating it.
If everyone was creating it, it would not be worth doing.
By measure that you stand alone, means that you are creating something extraordinary.
@THORChain we the community stand firm and united. Onwards and upwards! ⚡️
A lot of people seem to want to see THORChain fail. This is quite sad.
But for anyone involved, it's clear the network is "99% there".
A solid month or two of audit-review is the focus to achieve 99.99% (nothing is perfect).
THORChain has suffered a sophisticated attack on the ETH Router, around $8m. The hacker deliberately limited their impact, seemingly a whitehat.
ETH will be halted until it can be peer-reviewed with audit partners, as a priority.
LPs in the ERC-20 pools will be subsidised.
Remember that time that Elon tweeted and everyone got excited, then he tweeted again? Did we learn the lesson to not listen to Billionaires? Because it doesn't seem like people learned that lesson.
I don't care what Elon holds or doesn't hold. It doesn't change the fundamentals
@Jonny_Qi It truly is a life changing revelation when you experience how intimate the connection is between your digestive system and your mental faculty.
Well done to all here who walk the path! 🙌 While I'm currently not on that path, I do know how important it is. 🙏
.@elonmusk certainly makes crypto people giddy. Personally, I only lose a little faith in crypto when I see so many people glorifying one sententious guy. 😞
There are now half a dozen interfaces for Thorchain.
We are all competitors, and yet all work together.
None of us had to sign a deal with Thorchain. None of us had to ask permission. All of us can contribute to the open code.
The machine shall be built.
Token doesn't determine but just follows the value of the product.
Product is all about the builders, contributors, and community.
Token can be forked but builders and community cannot be forked.
Therefore, product with the best builders and community will win.
$RUNE $THOR
Fix the bug ✅
Restore solvency ⌛️
Resume operations ⌛️
Detect And Defend✏️
In addition @HalbornSecurity and @trailofbits have begun a full stack audit.
THORNode V0.62 has early and fast detection and auto-halts to protect capital - codified as part of the state machine.
@Linklevosstwins Awesome! That's what I do. I only ramp about once a year though. Recently changed the routine around to make it push exercises one day, pull the next. Good luck, but you won't need it. Sounds like you've already got the winning ingredients.
@Linklevosstwins Maybe a silly name and all that. But this is one of the most effective programs for natural growth. Excuse me for repeating it, but I only do that because of how important I believe it is.