Ep. 189 Blame The Victim!
In this episode of the Unhashed Podcast, we blame the victim and defend why you should to! We also discuss a £1 penalty paid to CSW. Blackrock proves there is still interest in Bitcoin from institutional investors. AND PoS pools do not centralize in the same way that PoW pools. Find out why!
From Coindesk: How a Crypto Developer Faked a DeFi Ecosystem. The Macalinao brothers used a web of bogus identities to create the illusion of a dev community, juicing value on the Saber protocol and Solana blockchain. Now they're moving to Aptos. Coding as 11 purportedly independent developers, Ian, a 20-something computer wiz from Texas, created a vast web of interlocking DeFi protocols that projected billions of dollars of double-counted value onto the Saber ecosystem. That temporarily inflated the total value locked (TVL) on Solana, as the network was racing toward its zenith last November. The DeFi faithful regard TVL as a barometer for on-chain activity. “I devised a scheme to maximize Solana’s TVL: I would build protocols that stack on top of each other, such that a dollar could be counted several times,” Ian wrote in a never-published blog post reviewed by CoinDesk. The blog post was prepared on March 26, three days after Cashio, one of Ian’s secretly built protocols, lost $52 million in a hack. Two close to the matter confirmed the draft’s authenticity.
Wright’s assertion that he is the inventor of the digital asset – he first sought to prove that he is Satoshi in 2016, months after his name first emerged – has led to a series of legal tussles, some of which are continuing. One of them came to a pyrrhic conclusion in London this week, when McCormack was found to have caused serious harm to Wright’s reputation by repeatedly claiming that he is a fraud and is not Satoshi. But Wright, 52, won nominal damages of £1 after a high court judge ruled that he had given “deliberately false evidence” to support his libel claim. For cost reasons, McCormack did not offer a “defense of truth” – where the defendant in the case attempts to show that the allegations are substantially true – as Mr Justice Chamberlain ruled that one claim made in a video discussion on YouTube was defamatory, while a series of tweets repeating the fraud claims were ruled to have caused serious harm to Wright’s reputation.
BlackRock Inc (BLK.N), the world's biggest asset manager, has launched a spot bitcoin private trust for institutional clients in the United States, according to a blog post on its website. The trust will track the performance of bitcoin, offering direct exposure to the price of the digital currency, BlackRock said. ""Despite the steep downturn in the digital asset market, we are still seeing substantial interest from some institutional clients in how to efficiently and cost-effectively access these assets,"" the company said.
https://twitter.com/coinage_media/status/1559208848954638336 (do kwon = theranos)
https://twitter.com/arbedout/status/1558035876554444800 (Tornado Cash)
https://twitter.com/bantg/status/1556721709931175937 (Tornado Cash devs Github accounts deleted)
https://twitter.com/ercwl/status/1559268027983593474 (Eric on slashing)
https://twitter.com/excellion/status/1556508492822745089 (bad take Samson)
https://twitter.com/niftynei/status/1554124200826310658 (complimenting fiatjaf)
https://twitter.com/Seetee_io/status/1368831882192896001 (seetee)
https://twitter.com/ercwl/status/1555727826346823681 (Eric on PoS vs PoW)