503
Attacker gets away with up to $3 billion from Binance
(www.citationneeded.news)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 30 Oct 2026
503 points (99.2% liked)
Technology
89461 readers
4419 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 3 years ago
MODERATORS
"works great" as in... how? it's all way too slow and volitile and cumbersome to handle the global financial system, so nobody actually uses it as currency. in what sense does it "work great?" in theory it works great, but in practice, not so much. nobody wants to pay their rent with bitcoin if the price has shifted down 20% by the time it gets processed.
in practice it's also really easy to link your crypto transfers to you. it only takes one opsec failure and you're not anonymous anymore. so i really don't think it works "great."
Etherum settles in 12 seconds and can handle >30k transactions per second across it's layer 2s, by 2030 it aims to be capable of 10k tps on the main chain alone and enable protocol native shielded pools for private transactions.
Monero is already private and one of the most stable cryptos out there. It takes ~1 min for a single conf, but because there is no replace by fee feature, you can accept 0 conf tx for small payments.
Compared to fiat big cryptos like ₿, Ɱ, ETH tend to appreciate in value, so even if you were using them for payments without looking at the price, over a longer period, for most people the average they paid would be lower than if they used fiat, which only ever goes down in value.
look at any of the websites selling hrt without doctors' involvement