Derek on Farcaster

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Derek pfp

While we were just trying to recover from the ByBit hack where the hackers stole about $1.5B (some of it were recovered, about 6-7%), we were hit with Cetus hack where over $200m was stolen (over 50% of it has been frozen). This goes to show that the web3 space is still behind in security. If major CEXs or liquidity pools can be hacked, where does regular users stand? I think the focus of developers right now should be on security. How do we better security assets and transactions from getting intercepted? How can we ensure smart contracts are secure from exploits? How can we guard against networks programmable errors?

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Geisha pfp

Don’t involve eth or humans?

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Derek pfp

🤣🤣🤣 It involves both

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Geisha pfp

I’m not even joking . Smart contract wise eth is not the best to work with but humans are worse therefore some ai controlled permission thingy i read about. Dunno I’m not a tech.

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Derek pfp

Smart contracts are written codes and they can be exploited by those who've carefully studied them. Which is why I mentioned that security should be a major issue from developers to solve. They need to comb various languages and exploitable weakness and fix them or create new languages. Security just needs to be tighter.

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Geisha pfp

My son a smart contract writer, bug bounty catcher etc. he’s says eth not good.

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Derek pfp

Tell your son if he can write smart contracts that are unexploitable, with any language/tech he chooses, he'll be the chosen one in Web3, an I'm not even kidding.

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Geisha pfp

He already is 😋

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Derek pfp

Hehehe I bet he his 💪

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Geisha pfp

I know I know us moms always say that about our kids. But he does have a PHD in AI 🙂

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Derek pfp

Wow! That was a very intelligent choice of field, because AI is the future. Toot your horn mama. And yeah, mums are the best in hyping their kids. 🤣

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Geisha pfp

Yeh I admit it’s kind of handy too when they get you to buy ethereum at $8 and sol at $ 1.50

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Derek pfp

That's the real definition of handy. If he spots the next goldmine, do share, I want to make lots of money too 🤣

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Geisha pfp

Send coin was recent one we made huge 💸 on in December he was very impressed with the founder when he met him in Singapore last September so got in early. Coin jumped again lately but there’s a lot of confidence and loyalty there so still worth a punt. Could easily shoot back to December 24 levels. Other project he likes is futarchy /Meta dao coin. The big boys toly and vitalik love futarchy, it’s the way of the future. Good entry level price now. Quite tightly held. Slower burner than SEND though. That surge feels imminent.

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Derek pfp

Thanks for the insight, once I'm able to rebuild after my wallet drain, I'll look into both. Don't mind slow burns, as far as the teams are solid

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Geisha pfp

Sorry to hear about that drain,That was a bummer. $100 into Send will help you on your way again.

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