Cryptocurrencies

[boost]

Well we're kind of at the point in computing evolution where not all complex systems can be gamed.

I'll admit this is axiomatic, but I don't think what you're proposing is possible. Maybe in a vacuum, but BTC exists within and among other systems. For example, it was gamed by Elon Musk via twitter. I'm agnostic as to whether or not all systems can be gamed to the point of being broken, but I lean towards the negative-- that is, a well designed system recognizes that it will be gamed and preemptively co'ops these flaws and folds them into the system. The US constitution's systems of checks and balances being an example-- it seeks to utilize the ambitions of individuals and institutions to keep any one individual or institution from gaining enough power to break the system. It's still getting gamed though.

This event is basically human error. This kind of attack wasn't foreseen when developing the ecosystem. Or maybe it was seen and that made it an excellent opportunity for a scam. The entire coin from launch might have been an elaborate scam. It's incredible if that's the case. It's certainly a non-zero percent possibility.

Would be wild if Do Kwon was the architect of this all. The Twitter thread on how it can be attacked and all. All to obfuscate the rug pull. Hell, maybe he doesn't even do the attack, but just outlines it, let's some random (billionaire) make off with the loot-- all the while he's secured generational wealth and there's no direct thread of conspiracy. Some real Sun Tzu shit.

Obv I'm just spitballing, I don't think there is any reason to think this is likely, but it's fun to armchair-scammer.