Hugo: makes less sense to rush to market in Web3

[Seoulite]

I think he's correct on this. The time for being 'first out of the gate' with a new protocol or new design has passed, because there is so much saturation of the market. The two big names will retain some first mover advantage, but now new names like ADA are just as famous, and for different reasons. 

The main thing that gains attention is still price hype. But utility and potential is starting to be better understood. If Flare and the State Connector are really as big as they are claiming, then those two will garner attention whenever they launch. 

Apparently a roadmap is coming in the next day or two.

[JASCoder]

And yikes !
over 600 million absconded via an exploit (AXIE) 

 

[Seoulite]

1 hour ago, JASCoder said:

And yikes !
over 600 million absconded via an exploit (AXIE) 

 

I guess these things start to qualify as the greatest heists in history right? Has anyone ever stolen 625 million dollars in one go before?

[brianwalden]

24 minutes ago, Seoulite said:

I guess these things start to qualify as the greatest heists in history right? Has anyone ever stolen 625 million dollars in one go before?

The Poly hack last summer was $611M. The problem is always how to get away with the money when it's all trackable on public ledgers. Recent precedent is that the hacker will pay almost all of it back in return for getting to keep a few million.

[Seoulite]

2 hours ago, brianwalden said:

The Poly hack last summer was $611M. The problem is always how to get away with the money when it's all trackable on public ledgers. Recent precedent is that the hacker will pay almost all of it back in return for getting to keep a few million.

I don’t get that. Isn’t it just a case of swapping it on a DEX to a privacy coin and you are good to go?

[BillyOckham]

Just now, Seoulite said:

I don’t get that. Isn’t it just a case of swapping it on a DEX to a privacy coin and you are good to go?

Yeah I agree.   We need smarter robbers apparently.