>Ironically a smart contract is probably the safest way for a customer to engage in a doubling scam.
Press F [0][1] to doubt.
[0] https://arstechnica.com/information-technology/2021/12/hacke...
[1] https://www.zdnet.com/article/poly-network-hackers-potential...
Re:YouTube crypto giveaway scams
by charcircuit on Sunday January 16, 2022 @12:40AM
(#29953732)
Are you just trying to say the smart contracts can have bugs in general?
It's trivial to write a bug free money doubler smart contract. The logic needed is VERY simple.
If somebody is smart enough to verify that a smart contract does what it says on the tin, they should be more than smart enough to realise that crypto doubling is always going to be a scam.
Re:YouTube crypto giveaway scams
by charcircuit on Sunday January 16, 2022 @01:09AM
(#29953820)
The idea is that it is possible to set up an actual doubler smart contract that is not a scam. Sure it's not profitable to do, but it is a little funny.
Not only was the doubling part from Runescape but this kind of live stream-replay tactic was also first used for phishing Runescape accounts when Twitch first got popular. They would replay developer live-streams with 'use the link below to log in for free RS membership' subtitles, and view-bot the streams to the front page of RS twitch. I wouldn't be surprised if it's the same guys who pivoted to crypto to target much more foolish victims.
For those that aren't aware. It's pretty easy to write an escrow smart contract which ensures both parties got what they signed up for. But anyone falling for this scam definitely isn't going to ask "Can we use an escrow contract to double my money?"
>For those that aren't aware. It's pretty easy to write an escrow smart contract which ensures both parties got what they signed up for.
Press F [0][1] to doubt.
[0] https://hackingdistributed.com/2016/06/18/analysis-of-the-da...
[1] https://hackingdistributed.com/2017/07/22/deep-dive-parity-b...
It's hard enough for most people to read a contract written plain English. How do you expect to read one written in code?
Re:YouTube crypto giveaway scams
by LaundroMat on Sunday January 16, 2022 @02:35AM
(#29954143)
To me, this (together with the fact that software will always have bugs) is why smart contracts are a very bad idea.
That existed before MMO (Diablo parody)
Ironically a smart contract is probably the safest way for a customer to engage in a doubling scam.