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https://warpcast.com/~/channel/thomas
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Thomas
@aviationdoctor.eth
One thing I enjoy about Farcaster is the large presence of people who build things. Half of the time, I don’t understand what they’re trying to build, don’t get the vision, and/or don’t think there’s any viable business case. But that hardly matters — partly because I may be wrong in my assessment, and partly because the bigger picture is that these people have skin in the game. It’s easy to partake in an online community of circle-jerkers that engage in abstract philosophistry, drop vacuous platitudes, and vaguepost their way to strategic ambivalence. In fact bots can now do that faster and cheaper than humans, expanding milquetoast content to a singularity. At least builders put their money where their mouth is — that brings a degree of authenticity and grit to the network. Even if they are wrong, they’ll remain true.
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Edmund Edgar (goat/acc)
@edmundedgar.eth
Speaking for myself I build software, I only want to create a business if the software actually needs one. So not having a "viable business case" isn't a blocker particularly
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pes🎩
@x7k9p.eth
Are you working on Augur?
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Edmund Edgar (goat/acc)
@edmundedgar.eth
Not working on it, although I did some talks shilling their design last year https://www.youtube.com/watch?v=sVMFvbuOpic
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pes🎩
@x7k9p.eth
also the attacker could benefit from such markets during the attack imagine that the attacker bought a losing result for a million dollars at a price of 1 cent - 100m shares he starts the attack as the fork approaches, people who bought the winning shares start to get nervous, they risk losing 100m to win 101m the attacker places an order to sell his shares at 2-5 cents (does manipulations from different addresses, washtrading, etc.) if his victims are not ready to accept the risk of losing funds (and this is generally a sound decision, since it is better to lose 1-2% in such a situation than to risk everything for a reward of 1%), then the attacker at least doubles his investments in the market.
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pes🎩
@x7k9p.eth
I wonder if an attacker has enough tokens, say 20%, they could start attacking 10 markets at once. And if the defenders had to buy tokens on the open market, this would drive up the price of REP. And then the attacker could sell the unused tokens at a higher price than before the attack. They also have the potential to successfully attack if the defenders are unable to defend all markets at the same time. Once a fork is reached on one of the markets, disputes on the other markets are frozen and the attacker gets the opportunity to withdraw tokens from the remaining disputes in order to migrate to the new universe or sell them. This assumption works if not all holders are interested in protecting the markets (they don't care for any reason, trade on the exchanges, are on vacation, lost keys, etc.), which may be true.
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pes🎩
@x7k9p.eth
You need to get a work there. They are looking for good developers to create a version on Base
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