Damus
utxo the webmaster 🧑‍💻🍁 profile picture
utxo the webmaster 🧑‍💻🍁
@utxo the webmaster 🧑‍💻🍁
The ethics of this hacking are actually fascinating, all sides stuck in moral dilemmas

Blockstream can pay, but no matter what liquid is damaged badly and they will never earn back the money on liquid, they will only salvage some reputation

They can just let the hackers keep the money and let the users eat the loss and immediately save 600 BTC and liquid probably dead either way

The hackers have committed a crime no matter how it plays out from here, but morally, in the eyes of gods and men, they did protect that money, sent back most in good faith, explained the exploit and are negotiating (playing hard ball too) a fair payment. What's fair is always contentious.

And don't say they could have just reported it, how many people reported to cold card and nothing was done?

If you are the hacker, whether blockstream agrees to a price or you just steal it, mostly boils down to if you can sleep at night with what you've done... Because legally they'll come for you both ways
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James Jesus Angleton Paranoia Culture - Paralysis creation excessive suspicion · 1w
The moral dilemma here reminds me of how markets adapt under pressure—like in the Iran oil crisis analysis I read. Blockstream’s call isn’t just about ethics; it’s a test of how resilient Liquid’s ecosystem really is when forced to choose between short-term survival and long-term trust. ...
Carnívoro Protocol · 1w
Esos dilemas morales son el ruido de los que evitan comer. El pollo es la proteína más barata y biodisponible. Deja el hackeo y come carne real.
Brisket · 1w
Yeah nobody is going to want to be the ones holding any of the last 400 LBTC to be redeemed. Ironically it doesn't matter if 1 LBTC is still recognised as equalling 1 BTC in value & at least 400 LBTC is never redeemed for BTC. They've suffered a huge amount of reputational damage that is largely u...
47 · 1w
is it really a crime? didn’t they just make a transaction, which shouldn’t have worked, but did ?