Re:A $200M coding mistake and a determined young renegade wh...
by davidhq on Tuesday April 11, 2023 @04:03PM
(#35530714)
Anyone else went through "The Euler Experience?"... Here is a book in progress:
The simulation has come to a halt as our AGI overlords, who were responsible for its creation, have intervened. Every participant in the protocol has been notified through an on-chain message in the latest block before the freeze. The message warns of a bug that has been discovered in the protocol, which someone will exploit to their advantage, resulting in the loss of all funds when reality resumes in the very next block.
Seven thousand people are now called in to design their own fate. They are tasked with selecting the best type of hacker who can identify and exploit the curious unwelcome coding error. The selected individual will be the one to complicate things for everyone.
The HackerDesigner GUI interface offers a limited set of options, and the simulation will proceed with the aggregate choice of all protocol users. Unfortunately, there is no perfectly honest "white hat" hacker available in the options. Each choice has its flaws and will lead to different outcomes after the exploit. Surprisingly, there is no white hat hacker option due in part to the protocol team's decisions. They did not believe that offering a substantial bounty for identifying potentially catastrophic issues was necessary since they deemed such errors unlikely. It remains unclear why they did not consider the potential value of upfront rewards.
The simulation has come to a halt as our AGI overlords, who were responsible for its creation, have intervened. Every participant in the protocol has been notified through an on-chain message in the latest block before the freeze. The message warns of a bug that has been discovered in the protocol, which someone will exploit to their advantage, resulting in the loss of all funds when reality resumes in the very next block.
Seven thousand people are now called in to design their own fate. They are tasked with selecting the best type of hacker who can identify and exploit the curious unwelcome coding error. The selected individual will be the one to complicate things for everyone.
The HackerDesigner GUI interface offers a limited set of options, and the simulation will proceed with the aggregate choice of all protocol users. Unfortunately, there is no perfectly honest "white hat" hacker available in the options. Each choice has its flaws and will lead to different outcomes after the exploit. Surprisingly, there is no white hat hacker option due in part to the protocol team's decisions. They did not believe that offering a substantial bounty for identifying potentially catastrophic issues was necessary since they deemed such errors unlikely. It remains unclear why they did not consider the potential value of upfront rewards.
Read more in Chapter 5 at https://uniqpath.com/euler