bZx bends the knee

[Anonymous No.17277408]

Remember that DeFi service (fulcrum) that got rekt because of a shitty Oracle?

Pic related. This is setting a standard for the rest of the entire crypto community to see.
If you want to get rekt because of shit oracles, use trash.
If you want a safe, secure, and reliable Oracle... use LINK

[Anonymous No.17277422]

It was an inside job. Sergey and Ari broke some thumbs.

[Anonymous No.17277859]

>>17277422
This. That's why Sergey gives the thumbs up on every picture. It's a threat sign.

[Anonymous No.17277888]

>>17277859
KEK

[Anonymous No.17277911]

>>17277859
Loool

[Anonymous No.17277993]

>>17277859

[Anonymous No.17278009]

>>17277408
wtf are you doing?

[Anonymous No.17278059]

>>17277408
>not an oracle attack
>bzx was partnered with link before OP held link
>uniswap oracles are better than link for onchain feeds

why can't nulinkers understand these points?

[Anonymous No.17278100]

>>17278059
>>not an oracle attack
this i agree with. Just got fucked by a really smart person..
>>17278059
they were if you follow the twitter trail they used a combo of uni swap and some other shit.
>>17278059
>uniswap
you might be right but im bag holding a shit load of link.

[Anonymous No.17278182]

>>17278100
I just want to remind all the 'bend the knee' newfags that BZX is a team that develop smart contracts for a living. They were well aware of Link's existence and understand it much better than the average 20 year old that holds Chainlink. The idea that some faggot with a few hundred link tokens understands the intricacies of this stuff better than they do is outright laughable. They opted not to go with Chainlink oracles for a reason--- the biggest being their dapp doesn't require access to offchain data.

Chainlink would not prevent this type of attack. BZX/fulcrum is just getting a ton of free advertising on the back of 'bend the knee' fucktards by taking a picture with Sergey at the same conference. Again, the teams announced they were working together at least in May 2019 and I think like 6 months before that.

[Anonymous No.17278254]

>>17277408
>use multiple exchanges to track price
>still happens
>add link
>exchanges look good still boss
>still happens

so what am I missing here?

[Anonymous No.17278406]

>>17278182
im not even a bend the knee faggot. the "hack wasnt even a hack" the person was very smart and new how to use the s system. if it were me i would have gone for more

[Anonymous No.17278414]

>>17277859
h-holy shit

[Anonymous No.17278454]

>>17278182
>Chainlink would not prevent this type of attack
Yes it would. They draw their reference prices from multiple large exchanges, not some puny DEX. It would be prohibitively expensive to perform this particular attack.

[Anonymous No.17278557]

>>17278454
t. no idea of how pooled liquidity works or what xy=k is.

Do you really think that BZX wasn't aware of this problem, despite being partnered with LINK for a year? Peak dunning kruger nulinker shit.

[Anonymous No.17278581]

>>17277408
who is that?

[Anonymous No.17278632]

>>17278454
How would this help when 100% of WBTC volume comes from puny DEXs and not from large exchanges?

[Anonymous No.17278636]

>>17278557
>muh poo liquidity
You don't know how it works either because they haven't published the detail of their oracle, dipshit. But if you're somehow implying that an aggregation of 21 different feeds from the biggest exchanges is as easy to manipulate as whatever wacky and PROVABLY FALLIBLE system they were using then IDK what to tell you

[Anonymous No.17278801]

>>17278636
Again, you're so fucking retard i don't know where to start.

The pair that got attacked was WBTC. It literally has nothing to do with the oracle you fucking retard. Do you think having a bunch of exchanges for some illiquid shit like WBTC makes a bit of difference? >muh big exchanges

Try actually learning about this shit beyond biz infographics, you might get enlightened. You can have all the oracles you want reporting the price like >>17278254 says, it doesn't make a bit of difference.

[Anonymous No.17278836]

>>17278557
>how pooled liquidity works
were can i go and read about it?

[Anonymous No.17278870]

>>17278801
basically they guy took a loan foir wbtc then took a short position in an eth derivative then triggerd the short with more eth. I dont remember the exact sequence but like i said the guy was smart to do it first before anyone else

[Anonymous No.17278927]

>>17278801
>>17278870
Thanks for the quick rundown

[Anonymous No.17278930]

>>17278182
You really think price data is not offchain data?

[Anonymous No.17279551]

>>17278930
People that understand defi beyond 'x bent the knee' are capable of putting two and two together to realize that you can have accurate feeds from liquidity pools that are already onchain.

Link is now a normie shitcoin and 90% of the holders are braindead herd followers. This upsets me so much because I genuinely enjoyed the community back in the day. It's just a fuckin circle jerk of meme spouting retards now.

Fuck you.

[Anonymous No.17279648]

>>17279551
>implying i didnt buy LINK at ICO
>implying people from the community back in the day arent just as retarded

pic related

[Anonymous No.17279650]

>>17279551


This guy is a retard and has no clue what bullshit his spewing out of his faggot mouth

[Anonymous No.17279667]

>>17277408
>Listen you bZx muthafuckahs. We're gonna charge you 3 points a week on top of the principal. You got a problem with that?

[Anonymous No.17279693]

>>17277859
Absolute chad

[Anonymous No.17280130]

>>17279693
Is than an Iphone?

I lost respect for Sergey.

Jk he is our still our savior.

[Anonymous No.17280133]

>>17279650
Woah great argument dude thank you so much for being a valuable contributor to /biz/.

[Anonymous No.17280183]

>>17279693
>ima cookin-a somethin up

[Anonymous No.17280225]

>>17279667
kekked

[Anonymous No.17280445]

>>17278254
Bump, I wasn't being a shitter i want to know