Content
@
0 reply
18 recasts
21 reactions
0xLuo
@0xluo.eth
I'm trying to quickly grasp the story using AI. 👀 Degen: I need an L3. Conduit: I can handle it, boss. Later… Degen: What’s going on with the L3? Conduit: Small issue. We updated without telling you, and… things broke. Degen: Broke? How bad? Conduit: 54-hour outage, transaction errors, and $160k in user losses. Degen: What about our users? Our reputation? Conduit: We’re not taking responsibility or upgrading the chain. Degen: And my rollup keys? Conduit: We’re holding onto them. If you sign a new contract, it'll release us from liability, and we'll still keep the keys. Degen: This is unacceptable! The community is suffering, and you’re keeping our fees? Conduit: Without the contract, we’ll use the fees to cover our costs. Degen: And you deleted the data without a backup? Conduit: Yep. You’ll have to rebuild from scratch. Degen: This is outrageous. We’ll have to go public and start a new chain to compensate our users. Conduit: Whatever. We don’t care. Degen: What the…
8 replies
6 recasts
61 reactions
0xLuo
@0xluo.eth
AC says: First it was "Not your keys not your coins", Now its "Not your blockchain no ones coins" https://x.com/AndreCronjeTech/status/1854544860901962192
1 reply
0 recast
14 reactions
Kieran Daniels 🎩
@kdaniels.eth
Also the reason the pushed a “fix” initially was not a fix at all. They were trying to reconfigure to save money so they could profit more for providing the same service. They pushed to prod without testing and destroyed everything. Where is my money @conduit? I can’t wait for the next conference it’s going to be a very awkward situation for whoever is at your booth.
0 reply
0 recast
2 reactions
Stuart
@olystuart
Damn this sucks for degen but I always wondered why they rushed into the L3 it seemed risky so yeah... Hope it gets cleared up one way or another soon though. Should they launch another L3 or just focus on Base? 🤷‍♂️
1 reply
0 recast
2 reactions
nicholas 🧨
@nicholas
thank you for this tldr!
0 reply
0 recast
2 reactions
Sinaver
@sinaver.eth
500 $degen appreciate the summary
1 reply
0 recast
1 reaction
Joe Blau 🎩
@joeblau
This is a 3 step process. 1. Take a snapshot and create a merkle tree of all the balances 2. Airdrop the balances on Base with a 60 day expiration date 3. Stop working with/promoting conduit and move on It's a bull market — we don't have time for this lol. 1234 $DEGEN
1 reply
1 recast
2 reactions
Ray F. 🎩
@cryptowenmoon.eth
5000 $DEGEN best summary!
1 reply
0 recast
1 reaction
highplains.base.eth 🎩✨🔴
@highplains66
Lol wtf
0 reply
0 recast
0 reaction
