Open source investigators are struggling to maintain law and order in the wildest recesses of cryptocurrency’s Wild West.
Even as other corners of the cryptocurrency world edge toward the mainstream, this fast-moving, nihilistic mirror-world of precious tokens and runaway meme-coins remains largely beyond the purview of regulators—as the overall value of the cryptocurrency invested in DeFi platforms has surpassed, according to data aggregator Defi Llama. Predictably, DeFi is rife with behaviors that would be considered questionable elsewhere.
According to Zach, another Twitter-based sleuth, the lack of regulatory oversight in DeFi makes self-policing necessary. “In every other industry, there are regulations at the [bare] minimum,” Zach says in a Telegram conversation. “These people give the industry a bad name and turn people off.
Gabagool thinks that he and his fellow investigators want to ensure DeFi’s survival. “There is a real possibility, within DeFi, to create a different type of financial system,” he says. “But that requires us to actively attempt to protect retail users from sophisticated actors who have privileged information.”
Gabagool—who says he is a US-based academic and declines to disclose his real name to avoid damaging his teaching career—says he started trading crypto on DeFi platforms at the outset of the pandemic, and did well enough he's now "paying [his] rent in tokens.” Then he began looking at other activity on these networks, primarily using open source technologies.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Analysis: Elon Musk deals Twitter a wild card as shareholders seek reformsElon Musk, Twitter's newest big shareholder, could alter the course of the social media company as management battles a set of proxy proposals focused on topics from civil rights to politics at its upcoming annual meeting, shareholder activists and corporate governance experts said.
Weiterlesen »
Elon Musk says Twitter should be open source, Kara Swisher says he thinks he’s Tony StarkElon Musk has sent shockwaves through the tech industry after offering to buy Twitter. In a TED talk, he said he believes the algorithm should be open source. Kara Swisher talks with Katy Tur about Musk’s ambitions for Twitter and what the implications could be for free speech.
Weiterlesen »
8 common wild plants that are poisonous to your dogAny bird hunter with a Labrador retriever can tell you that dogs also have a tendency to eat just about anything. Sometimes the wild plants and nuts they eat can make them sick. These are the 10 wild plants you should make sure your pup does not chow down.
Weiterlesen »
Phillies Fan Tosses Mets Fan's Phone Onto Field During Wild Altercation At GameA Philadelphia Phillies fan tossed a Mets fan's phone onto the field in a fit of rage during a game earlier this week.
Weiterlesen »
Wild chase involving SWAT truck carjacked in El Cajon ends in Chula VistaA man was taken into custody after allegedly carjacking an unmarked police truck full of SWAT gear and firearms in El Cajon, and then leading law enforcement on a pursuit from the East County into Chula Vista late Wednesday night.
Weiterlesen »
The Black Keys’ ‘Wild Child’ Reigns on Adult Alternative Airplay ChartThe Black Keys reach No. 1 on Billboard‘s AdultAlternativeAirplay chart with “Wild Child.”
Weiterlesen »