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A comment on SafeDollar ‘stablecoin’ drops to $0 following DeFi exploit on Polygon. Parent comment

Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by intrasight on Monday June 28, 2021 @02:13PM (#27665442)
When I think about it in those terms... Why not fund bug bounties that way?
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by rawtxapp on Monday June 28, 2021 @03:28PM (#27666623)
They are called ransomwares and people aren't very happy with that method.
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by ineedasername on Monday June 28, 2021 @06:27PM (#27669089)
And oddly ineffective at actually prompting action on closing out those bugs.
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by CryptoPunk on Tuesday June 29, 2021 @03:50AM (#27673057)
While I don't have numbers, there is indication that it's prompting increased investment into cyber security:

https://www.forbes.com/sites/kevindowd/2021/06/06/private-eq...

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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by solomonb on Monday June 28, 2021 @03:21PM (#27666509)
Because you presumably want to find bugs in applications that are not smart contracts.
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by adtac on Monday June 28, 2021 @03:49PM (#27666939)
Wait you don't have a /root/btc_bounty_private_key.txt with 600 permissions in every server?
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by intrasight on Tuesday June 29, 2021 @02:57PM (#27680202)
No. I was specifically referring to finding bugs in smart contracts. Stand up a network and have a "bounty" that would attract attempts.
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by X6S1x6Okd1st on Monday June 28, 2021 @02:19PM (#27665528)
That is happening as well.
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by EGreg on Monday June 28, 2021 @03:27PM (#27666612)
Because the payout would be too large
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Re:SafeDollar ‘stablecoin’ drops to $0 following DeFi exploi... by intrasight on Tuesday June 29, 2021 @02:59PM (#27680228)
The payout would be whatever gas you put in as the "bounty"
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