Most hacks I have seen attack the centralization links in the chain - they are the weakest ones arguably.
1. The prevalent single-source oracles are constantly exploited by flash loan attacks
2. Social engineering has been targeting centralizations like admin keys for smart contract upgrades, low threshold multi sigs, etc
3. Centralized keepers not showing up -> debts piling up and the spiral down of a bank run
@eddylazzarin is absolutely spot on
Woah! Do you all realize what just happened?
Velo 3.0 has 144k followers and over 5.6M likes on tiktok and he is using Flashcast to engage with his community!
prediction markets are NOT crystal balls.
and, they can never be. e
why?
the moment money is on the line, people optimize for financial outcomes, not conviction expression. heard of hedging?
so what's the solution? watch this video.