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RE: Over $100,000,000 could be removed from someone's crypto wallet

in LeoFinance2 years ago

Does the character of the whale matter?

There are allegations from JUNO founder that the whale in question has made a lot of their ATOM through scams and bad behavior - scamming people out of their seed phrase on discord for example, and running actual Ponzi's.

As to moving the funds, the are staked with a 28 day unbonding. This prop will be done and chain "upgraded" by then. They have been dumping their staking rewards daily for a while, have already made a fortune from these tokens, regardless of whether they get to keep them.

At the end of the day, I remind myself regularly that all of these "virtual worlds" are simply software. Running on computers. Tied together in a global network we call the Internet ...

I agree, to a point. Are not also these virtual worlds also communities with a governance say?

I'm playing devils advocate here, trying to firm up my position. Still can't quite find the "black and white" solution, all I see is lots of grey.

It is an interesting one.

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"Does the character of the whale matter?"

Certainly, but ... Key word for me, in what you have written? "Allegations" ...

In America, we are supposed to be innocent until proven guilty. With a prosecutor presenting evidence that you are, then a jury of your peers gets to decide your fate ...

Nothing like that exists "in here." Allegations can be recklessly asserted, with those generating them knowing nothing can ever be proven ...

My own devil's advocate point, for your thinking through what you will do ...


That said, I have read about start-ups that are totally devoted to "blockchain analysis." Using automated tools to "track down" whatever ... Since this person's public key is known, then in the right hands, it should be possible to build quite a history of activity linked to it. Maybe that is what the JUNO founder is alluding to ...

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