Re: [FRIAM] Euler exploit

2023-03-15 Thread glen

That 2nd link is helpful. Thanks.

I still don't see how this is properly termed a "hack", though. I'm not even sure 
"exploit" is a reasonable word for it. You borrow, say, your neighbor's chicken for 3 
years. Egg production tanks. Then you pay back your neighbor by giving them their non-producing 
chicken back.

I mean, like, that's how it works, right? That's biology. The "exploit" is in the "manipulation" 
... and "manipulation" is based on some concept of ceteris paribus ... some sort of "natural law", 
which is a problematic philosophy in the first place. All of these coins are manipulable. That's an essential feature 
of the sh¡tcoin. So if manipulation is an essential feature, why is manipulation an exploit? It's a feature, not a bug, 
right?


On 3/15/23 09:12, Steve Smith wrote:

Good one Gil !

And my contribution: Another Day, Another Billion 
. Who knew?

I'm tempted simultaneously to seek an analogy between the current 
Blockchain/Crypto-Wild-West and the early Industrial Period  as well as with 
any era of biological/evolutionary florescence...

I looked around for a clue-stick to test out on myself before offering it to 
Glen, but found nothing satisfying as of yet...

I did find this on flash loans and the attacks crafted around them as of a year 
ago... I was (almost) able to follow the bulk of the description:

https://coinmarketcap.com/alexandria/article/what-are-flash-loan-attacks

On 3/15/23 9:33 AM, Gillian Densmore wrote:

lol how you put it reads like people putting together a band list and a NSFW 
get together.
Person: ok The Multichain Bridges are for the really freeky people, Has anyone 
heard from the Crypto Mixers? what about Soft Liquidation Logic that hot new 
techno goth band?

On Wed, Mar 15, 2023 at 7:10 AM glen  wrote:

Euler attack causes locked tokens, losses in 11 DeFi protocols, including 
Balancer

https://cointelegraph.com/news/euler-attack-causes-locked-tokens-losses-in-11-defi-protocols-including-balancer

I'm so totally lost ... multichain bridges, crypto mixers, soft liquidation 
logic, 2/3 Gnosis Multisig, ?!?!? What in hell am I reading? Whippings with the 
clue stick welcome.




--
ꙮ Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙ ꙮ

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Re: [FRIAM] Euler exploit

2023-03-15 Thread glen

Damnit! When I saw Nic Cage, I thought "Whoa! If Nick has BUNNY, then *I* need some 
BUNNY!" Then I find out it's just a joke about his character in that prisoners on 
the plane movie. [sigh] I thought I'd finally found an excuse to own something other than 
Ada.

On 3/15/23 09:12, Steve Smith wrote:

Good one Gil !

And my contribution: Another Day, Another Billion 
. Who knew?

I'm tempted simultaneously to seek an analogy between the current 
Blockchain/Crypto-Wild-West and the early Industrial Period  as well as with 
any era of biological/evolutionary florescence...

I looked around for a clue-stick to test out on myself before offering it to 
Glen, but found nothing satisfying as of yet...

I did find this on flash loans and the attacks crafted around them as of a year 
ago... I was (almost) able to follow the bulk of the description:

https://coinmarketcap.com/alexandria/article/what-are-flash-loan-attacks

On 3/15/23 9:33 AM, Gillian Densmore wrote:

lol how you put it reads like people putting together a band list and a NSFW 
get together.
Person: ok The Multichain Bridges are for the really freeky people, Has anyone 
heard from the Crypto Mixers? what about Soft Liquidation Logic that hot new 
techno goth band?

On Wed, Mar 15, 2023 at 7:10 AM glen  wrote:

Euler attack causes locked tokens, losses in 11 DeFi protocols, including 
Balancer

https://cointelegraph.com/news/euler-attack-causes-locked-tokens-losses-in-11-defi-protocols-including-balancer

I'm so totally lost ... multichain bridges, crypto mixers, soft liquidation 
logic, 2/3 Gnosis Multisig, ?!?!? What in hell am I reading? Whippings with the 
clue stick welcome.




--
ꙮ Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙ ꙮ

-. --- - / ...- .- .-.. .. -.. / -- --- .-. ... . / -.-. --- -.. .
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Re: [FRIAM] Euler exploit

2023-03-15 Thread Steve Smith
And this explanation of flash loans and arbitrage-based exploits is 
rather reminiscent of Virtual Particles and the Quantum Vacuum


https://medium.com/@khajepour.amirhossein/the-curse-of-flash-loan-in-cardano-62969dd0ea88

On 3/15/23 9:51 AM, Marcus Daniels wrote:

This sounds like a good question for GPT4.  😉

-Original Message-
From: Friam  On Behalf Of glen
Sent: Wednesday, March 15, 2023 6:10 AM
To: friam@redfish.com
Subject: [FRIAM] Euler exploit

Euler attack causes locked tokens, losses in 11 DeFi protocols, including 
Balancer 
https://cointelegraph.com/news/euler-attack-causes-locked-tokens-losses-in-11-defi-protocols-including-balancer

I'm so totally lost ... multichain bridges, crypto mixers, soft liquidation 
logic, 2/3 Gnosis Multisig, ?!?!? What in hell am I reading? Whippings with the 
clue stick welcome.

--
ꙮ Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙ ꙮ

-. --- - / ...- .- .-.. .. -.. / -- --- .-. ... . / -.-. --- -.. .
FRIAM Applied Complexity Group listserv
Fridays 9a-12p Friday St. Johns Cafe   /   Thursdays 9a-12p Zoom 
https://bit.ly/virtualfriam
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Re: [FRIAM] Euler exploit

2023-03-15 Thread Steve Smith

Good one Gil !

And my contribution: Another Day, Another Billion 
. Who knew?


I'm tempted simultaneously to seek an analogy between the current 
Blockchain/Crypto-Wild-West and the early Industrial Period  as well as 
with any era of biological/evolutionary florescence...


I looked around for a clue-stick to test out on myself before offering 
it to Glen, but found nothing satisfying as of yet...


I did find this on flash loans and the attacks crafted around them as of 
a year ago... I was (almost) able to follow the bulk of the description:


https://coinmarketcap.com/alexandria/article/what-are-flash-loan-attacks

On 3/15/23 9:33 AM, Gillian Densmore wrote:
lol how you put it reads like people putting together a band list and 
a NSFW get together.
Person: ok The Multichain Bridges are for the really freeky people, 
Has anyone heard from the Crypto Mixers? what about Soft Liquidation 
Logic that hot new techno goth band?


On Wed, Mar 15, 2023 at 7:10 AM glen  wrote:

Euler attack causes locked tokens, losses in 11 DeFi protocols,
including Balancer

https://cointelegraph.com/news/euler-attack-causes-locked-tokens-losses-in-11-defi-protocols-including-balancer

I'm so totally lost ... multichain bridges, crypto mixers, soft
liquidation logic, 2/3 Gnosis Multisig, ?!?!? What in hell am I
reading? Whippings with the clue stick welcome.

-- 
ꙮ Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙ ꙮ


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Re: [FRIAM] Euler exploit

2023-03-15 Thread Marcus Daniels
This sounds like a good question for GPT4.  😉

-Original Message-
From: Friam  On Behalf Of glen
Sent: Wednesday, March 15, 2023 6:10 AM
To: friam@redfish.com
Subject: [FRIAM] Euler exploit

Euler attack causes locked tokens, losses in 11 DeFi protocols, including 
Balancer 
https://cointelegraph.com/news/euler-attack-causes-locked-tokens-losses-in-11-defi-protocols-including-balancer

I'm so totally lost ... multichain bridges, crypto mixers, soft liquidation 
logic, 2/3 Gnosis Multisig, ?!?!? What in hell am I reading? Whippings with the 
clue stick welcome.

--
ꙮ Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙ ꙮ

-. --- - / ...- .- .-.. .. -.. / -- --- .-. ... . / -.-. --- -.. .
FRIAM Applied Complexity Group listserv
Fridays 9a-12p Friday St. Johns Cafe   /   Thursdays 9a-12p Zoom 
https://bit.ly/virtualfriam
to (un)subscribe http://redfish.com/mailman/listinfo/friam_redfish.com
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-. --- - / ...- .- .-.. .. -.. / -- --- .-. ... . / -.-. --- -.. .
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Re: [FRIAM] Euler exploit

2023-03-15 Thread Gillian Densmore
lol how you put it reads like people putting together a band list and a
NSFW get together.
Person: ok The Multichain Bridges are for the really freeky people, Has
anyone heard from the Crypto Mixers? what about Soft Liquidation Logic that
hot new techno goth band?

On Wed, Mar 15, 2023 at 7:10 AM glen  wrote:

> Euler attack causes locked tokens, losses in 11 DeFi protocols, including
> Balancer
>
> https://cointelegraph.com/news/euler-attack-causes-locked-tokens-losses-in-11-defi-protocols-including-balancer
>
> I'm so totally lost ... multichain bridges, crypto mixers, soft
> liquidation logic, 2/3 Gnosis Multisig, ?!?!? What in hell am I reading?
> Whippings with the clue stick welcome.
>
> --
> ꙮ Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙ ꙮ
>
> -. --- - / ...- .- .-.. .. -.. / -- --- .-. ... . / -.-. --- -.. .
> FRIAM Applied Complexity Group listserv
> Fridays 9a-12p Friday St. Johns Cafe   /   Thursdays 9a-12p Zoom
> https://bit.ly/virtualfriam
> to (un)subscribe http://redfish.com/mailman/listinfo/friam_redfish.com
> FRIAM-COMIC http://friam-comic.blogspot.com/
> archives:  5/2017 thru present
> https://redfish.com/pipermail/friam_redfish.com/
>   1/2003 thru 6/2021  http://friam.383.s1.nabble.com/
>
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[FRIAM] Euler exploit

2023-03-15 Thread glen

Euler attack causes locked tokens, losses in 11 DeFi protocols, including 
Balancer
https://cointelegraph.com/news/euler-attack-causes-locked-tokens-losses-in-11-defi-protocols-including-balancer

I'm so totally lost ... multichain bridges, crypto mixers, soft liquidation 
logic, 2/3 Gnosis Multisig, ?!?!? What in hell am I reading? Whippings with the 
clue stick welcome.

--
ꙮ Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙ ꙮ

-. --- - / ...- .- .-.. .. -.. / -- --- .-. ... . / -.-. --- -.. .
FRIAM Applied Complexity Group listserv
Fridays 9a-12p Friday St. Johns Cafe   /   Thursdays 9a-12p Zoom 
https://bit.ly/virtualfriam
to (un)subscribe http://redfish.com/mailman/listinfo/friam_redfish.com
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