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RE: JUNO "Whale Story" Takes Dark New Turn ...

in LeoFinance2 years ago

With the blockchain, I think it's just way too hard to do much against it. People can make as many accounts as they wish to get the maximum out of the airdrop. It's not like we can KYC something. The best we can do is just try to account for this and move on.

On a side note, what about making it so that only accounts that were created X days before the airdrop happens to qualify? It would at least remove any last-minute account creations but I don't think that is really a fix in the long-run.

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"On a side note, what about making it so that only accounts that were created X days before the airdrop happens to qualify?"

That is one solution. And I think a good one. However, overall as you say ...

"With the blockchain, I think it's just way too hard to do much against it."

... these new virtual creations are ultimately software. And, therefore, others can write their own software to take advantage of any vulnerabilities. With "bots," for example, this has become rather routine ...


The remarkable aspect of this story is the alleged irrecoverable loss of $36M. Due to a "typo?" Are you kidding me? How can anyone be foolish / incompetent enough to mess this up? Who "trusted" who with this responsibility?

It just seems the JUNO community has a lot of problems. We'll see if they survive them ...

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