Apparently he took out a "Flash Loan" and borrowed the tokens. Once he executed his trades to grab the money he bought up enough tokens to repay the loan and all was fine.
It seems it is totally normal for 18-year-olds to take out multi-million dollar loans with no collateral to back them in the crypto world? I feel like this points to a whole lot of other potential problems in the crypto/DeFi world.
I mean maybe we could so something to slow it down or at least contribute to a path to the reduction of greenhouse gases but if it means buying a Tesla, enriching Elon Musk and ending up letting more people post what they want on twitter is it really worth it?
The extinction of a few hundred species is a small price to pay to slightly silence people I disagree with.
You only need a something over 50% of the mining power -- as long as they can add new blocks with no Assange transactions at a faster pace than than the rest of the mining pool they can keep the longest chain Assange donation free. A 51% attack isn't just for double spending, and simply blocking particular transactions is the kind of thing you might be able to get tacit agreement for; and it does only have to be tacit if you are fine with a few transactions getting through every now and then (which also helps hide any collusion).
Hell, he is polling at less than half of Rick Lynn Perry, who is not the former Governor Rick Perry but a "senior desktop technician" currently contracted out by a staffing agency to work for Lockheed-Martin.
It solves the problem of "where do I go if Powers That Be decide to boot me off traditional wire transfer systems". Like has already happened in case of Julian Assange and his legal defense fund.
It swaps in some different powers that be. If Wikileaks published something that embarrassed people behind a bunch of the major miner consortiums and they decided to just not include any bitcoin transfers to Assange or Wikileaks in blocks they mined that could severely limit or completely stop such transfers, depending on how big a proportion of the mining pool they pissed off. And let's be clear, there are a very small number of mining consortiums that control a very large fraction of the total hashing power; this is a lot more possible than it may appear at first blush.
Hell, even the old school powers that be could put a severe crimp in things if they were sufficiently motivated. If such a power decided to lean on the mining consortiums they could likely get the result they want with either enough bribes or a big enough stick (and they would have both).
Encrypted radio communication for law enforcement and similar has been standard in Europe for at least a decade by now, so this is just a minor piece of news.
When there are scanners that can get around the encryption then we can come back. And they will come.
While we like to think hackers can solve every problem - it can't. This is not DVD or blu-ray. Regardless of how any given system works at the moment, with a limited number of devices that regularly return to the base station for rekeying can create a system that is impossible to have cracked without a daily insider threat. You better hope this is true or all of your bank accounts and all cryptocurrency is also broken
You have a message from the operator.