Tag: scandal

Base's Frontrunning Scandal The Price of 'Everyone' in DeFi?

Base's Frontrunning Scandal The Price of 'Everyone' in DeFi?

DeFi sold us a fantasy – an inclusive, intermediary-free financial system. The recent frontrunning scandal surrounding the launch of the "Base is for everyone" token on Coinbase's Base Layer 2 begs the question: at what cost? Are we sacrificing ethical integrity for the sake of inclusivity, creating a playground where...

Base's $666K Frontrunning Fiasco Is the Meme We Didn't Ask For

Base's $666K Frontrunning Fiasco Is the Meme We Didn't Ask For

Alright, let’s dive into this whole “Base is for everybody” token business. Truthfully, it isn’t merely a token. From start to finish, it’s a masterclass in turning a promising launch into a hilarious meme that sums up everything wrong with the crypto space. And yes, I created a meme around...

Further Reading

Vitalik's RISC-V Dream: Will Ethereum Become the Ultimate Meme Machine?

Okay, let's be real. When Vitalik starts explaining why instruction set architectures are the least important thing in a computer, we all, myself included, tune out. And just hear me out on this one! This RISC-V technology might be just the thing to unlock Ethereum’s full potential. It’s not only...

Ethereum's Dying? NFTs Say Hold My Beer (and My JPEG)

Meet the guy who believes Ethereum’s one foot in the grave. Okay, boomer blockchain. While the Cardano founder’s been busy making pronouncements from his digital throne, the NFT community's reaction is less "panic" and more "is this guy serious?"Let’s face it, this is not the first time anyone has announced...

Hoskinson's Ethereum Prediction: 3 Fatal Flaws or Just Crypto Rivalry?

Speaking of grenades, the other Charles—Hoskinson—tossed another one into the crypto pond, making a dramatic prediction that Ethereum will die in 10-15 years. Is he really a visionary, or is this the pot calling the kettle black? In the spirit of vigorous skepticism, let’s take apart his case. After all,...

Ethereum's RISC-V Gamble: Genius Move or Just Another Blockchain Pipe Dream?

Vitalik’s RISC-V proposal…that’s the equivalent of betting the farm, right? We're talking about ripping out the engine of a Formula 1 car while it's still racing and replacing it with something...potentially faster. The promise? A 100x speed boost for zero-knowledge proofs. A hundred. Now that’s the kind of number that...

Scroll's TVL Plunge: Is This 'Biggest Leap' a Giant Faceplant?

Scroll's Euclid upgrade: "Biggest Leap Forward!" they scream. A financial portfolio? Far from it. Almost the most biggest leap backward down a financial cliff. Tired of getting Euclid-ed right outta your ETH like the rest of us?Is Stage One Really Number One?Alright, Scroll, let’s dig into this “Stage 1 Rollup”...

Scroll's TVL Tank: Airdrop Dump or Deeper L2 Problem?

Let's face it, the timing is suspect. Scroll’s TVL plummeted immediately after the SCROLL token airdrop snapshot. The knee-jerk reaction? Airdrop farmers, pure and simple, dumping their bags and running to the next honey pot. But is that really the whole story? I believe it’s really lazy analysis to just...

Bitfinex's USDT0 Move: 3 Reasons Why It's a Trojan Horse

Bitfinex integrating USDT0 on Optimism? On the face of it, this appears to be an unequivocal win – one more step towards faster, cheaper transactions available to everyone. Anoush Bhasin, Head of Listings at Bitfinex, says produce USDT0 is “innovative,” and who am I to disagree with innovation? Before we...

USDT0 on Optimism? Honey, This is the Meme Fuel We Needed

Okay, fam, let's be real. Another bridged stablecoin? On Optimism? My initial reaction wasn't exactly awe. Less like a Richard Dreyfus alien contact hand gesture, more like a Frank Oppenheimer disappointed/scared teacher/bureaucrat face palm cum existential crisis. But then it hit me. This is not about efficiency, this is about...