The $440M software error at Knight Capital (2019)

Re:The $440M software error at Knight Capital (2019) by ricardobeat on Monday May 02, 2022 @10:21PM (#31243684)

Where is this innovation happening? We’ve had crypto for 13 years now, and just yesterday we had people flat out losing 10k into the ether because their transaction “ran out of gas” without completing. Isn’t that plenty of time to develop systems that avoid basic issues like suddenly burning all your money?

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Re:The $440M software error at Knight Capital (2019) by colechristensen on Monday May 02, 2022 @10:54PM (#31243939)

It doesn’t really seem to be innovation, just rediscovering 100 year old scams and failures that have to be readdressed.

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Re:The $440M software error at Knight Capital (2019) by snapcaster on Tuesday May 03, 2022 @08:27AM (#31247435)

I'm generally skeptical of ethereum but i don't think this claim is quite right. First, they didn't lose 10k "into the ether" it just went to miners as a fee for processing their transaction. Additionally, the fee was paid for priority. There is a limited amount of block space so people can pay extra to make sure they're included. I know it's cliche but this is literally a feature not a bug

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Re:The $440M software error at Knight Capital (2019) by ricardobeat on Thursday May 05, 2022 @05:38PM (#31278675)

Fees for what, when your transaction did not go through and you did not get the NFT you were paying for?

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Re:The $440M software error at Knight Capital (2019) by vmception on Tuesday May 03, 2022 @01:06AM (#31244860)

So, what discussion are you willing to have?

For your strawman argument, all of their client side wallets told them “its not worth it bro”, the people did it anyway. Thats a consumer issue not a technology issue.

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