thrasherXBT

cfmm larp

[thrasherXBT @thrasherXBT]

if they can make penicillin out of mold
i should be able to finish this prototype

[donnoh.gwei 💗 @donnoh_eth]

@zengjiajun_eth the best dao is no dao

[thrasherXBT @thrasherXBT]

@CryptoCyberia not sure if uninformed clickbait or disingenuous larping for engagement

[thrasherXBT @thrasherXBT]

https://t.co/Y7mtXO9Cg1

[thrasherXBT @thrasherXBT]

confide [/kənˈfʌɪd/]:
"tell someone about a secret or private matter while trusting them not to repeat it to others"

[thrasherXBT @thrasherXBT]

@armaniferrante the glass chewing never stops

[thrasherXBT @thrasherXBT]

@RunnerXBT still not beating the people talking about an ada cto

[thrasherXBT @thrasherXBT]

if privacy's not a right then there's nothing left

[thrasherXBT @thrasherXBT]

@itsjustcornbro i blame the launchpad and memecoin tourists
https://t.co/rF4cATmrPC

[thrasherXBT @thrasherXBT]

the hypertokenization of infinite slop

[thrasherXBT @thrasherXBT]

@Brentsketit vendors could also be holding unbacked shielded

[thrasherXBT @thrasherXBT]

@CryptoCyberia undefeated g.o.a.t.

[thrasherXBT @thrasherXBT]

@EliBenSasson @ArthurB rush thru door is to avoid an arbitrum style 'sendUnsignedTransactionOverride', theres no rush here since theres no proposed fix

shielded+turnstile creates unique plausible deniability for slow extraction compared to transparent chains

also plustoken hack didn't dump their btc

[thrasherXBT @thrasherXBT]

if unbacked zec exists the worst thing for a hacker to do is max extract:
- patch won't stop potential invalid notes
- fud could limit shield outflows

based on prop and team, nobody would notice until turnstile is maxed

not sure why some claim fast extract would be the strategy

[Eli Ben-Sasson | Starknet.io @EliBenSasson]

How to gauge the Zcash situation (not investment advice):

If a hacker has used the exploit, likely we’ll know over next couple of days.

Why? Hacker will rush to the turnstile to unshield and cash out.

The more days pass by without that happening, the less likely that the exploit was used.

Disclaimer: I am not involved in Zcash in any capacity these days and do not speak on its behalf.

[thrasherXBT @thrasherXBT]

@EliBenSasson slow extraction at the rate of new shielded inflows could maximize value without crashing the asset

[thrasherXBT @thrasherXBT]

@gazza_jenks @EliBenSasson odds unknown, any sophisticated actor would do the opposite of the OP though and would pace withdrawals

the proposed patch would also not affect this so there's no need for a potential hacker to exit the system before it

[thrasherXBT @thrasherXBT]

@DCinvestor sadly not misstating it, team confirmed unbacked shielded is a possibility and if the mint was abused and withdrawn to unshielded then honest holders could be stuck in orchard

[thrasherXBT @thrasherXBT]

@mert @OnlyQuant a zk proof of shielded minus unshielded would verify inflows not supply, which you can already do

[thrasherXBT @thrasherXBT]

@wedtm they're legit now

[thrasherXBT @thrasherXBT]

@0xastronomica at least not by the proposed patch in it's current form

[thrasherXBT @thrasherXBT]

@0xastronomica the issue won't be resolved
https://t.co/UB3bwsPfCm

[thrasherXBT @thrasherXBT]

@CryptoCyberia patch itself is just a proof of "shielded minus unshielded" iiuc, functionally equal to existing chainValue call but zk