Cornell Professor Calls for DAO 2.0 Movement
The Cornell computer scientist who helped identify vulnerabilities in The DAO revealed 10 new exploits in its code at an event in New York. The statements from Emin Gün Sirer, a longstanding critic of the project, come amid broad concern over developments at The DAO, a smart contract-based funding vehicle built with ethereum that has effectively collapsed following an exploit of a vulnerability within its smart contract code. Sirer warned that, while the vulnerability that led to the removal of tens of millions of dollars worth of the cryptocurrency ether is now well-understood, much....
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Economics Professor Doubts Future of Bitcoin, Praises Defi
Eswar Prasad, professor of economics at Cornell University, talked about bitcoin, cryptocurrencies, blockchain technology, decentralized finance (defi), and central bank digital currencies in a recent....
A Cornell professor is done hearing about how bad ChangeTip feels when he called them out for their, what he believes to be, potentially dangerous business model. A few weeks ago, Emin Gün Sirer said that ChangeTip needed to die a quick death due to the fact that the company has the ability to link user data on Facebook, Twitter and Reddit directly to corresponding bitcoin addresses. Because ChangeTip's parent company recently raised $3.5 million in seed funding, Sirer believes the company will eventually cripple under the financial pressure and sell user data to interested parties. As....
Cornell computer science professor Emin Gün Sirer thinks a bitcoin wallet model called ‘Covenants’ would disincentivize hackers by allowing the victim to ‘burn’ the compromised bitcoin after the hack; that is, destroy the bitcoin. Bitcoin Bounty. Because bitcoin transactions are final, there is a major bug bounty on bitcoin wallets. This has led to high....