What's Up Fellas!

Today I discuss the details and important ramifications around the recent Bancor hack. I also discuss the important distinctions between centralization, decentralization, and the in betweens.

Recording

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Show Notes

• Bancor
  • $23.5 Million Dollars
    • 13.5 actually lost
    • NPXS, ETH,
    • 10 million frozen
  • Wallets were safe
  • Admin wallets compromised
  • Funding pool drained
• Centralized, Decentralizing, and Decentralized
  • Consensus
  • Boxmining Analogy
  • Central
    • Previous: API keys and withdrawals
  • Decentralizing
    • Admin
  • Decentralized