bigdaddyrabbit2

17 ms·

1. 1.▲
   by bigdaddyrabbit2 2y ago

   You call them. That's what the NCVS does.
2. 2.▲
   by bigdaddyrabbit2 3y ago

   >banks to become even riskier with deposits as they get to keep the profits if their risky bets payoff and get bailed out if they fail This isn't true, is it? While they do get to keep profits, if the bets don't pay off, the ba
3. 3.▲
   by bigdaddyrabbit2 4y ago

   Unlike traditional finance, all this is on-chain, so you can trivially look it up. https://etherscan.io/address/0x7abe0ce388281d2acf297cb089cae... FTX seems to be processing withdrawals normally. For the life of me, I
4. 4.▲
   by bigdaddyrabbit2 5y ago

   Nothing happens in finance because it is "the morally right thing". It's all a game of incentives. Wall Street Banks take disproportionate risks because they are incentivized to do so. The interesting thing here is how the un
5. 5.▲
   by bigdaddyrabbit2 5y ago

   This is interesting. The hacker did not return the ETH, so the $320M has come from the deep-pocketed investors and VCs behind Solana/Wormhole. Interesting to note that the VCs are bailing out the retail users here, instead of the usual