Bribe Looks to Usher In DAO 2.0 With Voter Extractable Value
Community governance is a concept that hearkens back to the early days of cryptocurrency, when intrepid cypherpunks pooled resources, shared ideas, and tinkered with one another’s proposals. With everyone pulling in the same direction, but each bringing his own talents and theories to the table, the idea was that those most committed to a project were the ones best placed to influence its evolution. This principle eventually gave rise to decentralised autonomous organisations – or DAOs for short. Made up of developers, engineers, coders and regular community members, these open-source....
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A large voter database leak, uncovered by white hat hacker Chris Vickery, recently exposed 154 voter records. The records included sensitive data about these voters including gun ownership information and even preferences on certain issues like gay marriage. The hack comes at a time when the blockchain is now being used to improve voting transparency and....
The “miner extractable value” or MEV and its effects are one of the industry’s open secrets. And the Bank for International Settlements recently put out a document titled “Miners as intermediaries: extractable value and market manipulation in crypto and DeFi” to explain the phenomenon and the risks it implies. In it, they define MEV “as […]
Amanda Cavaleri explains how the Bitcoin voter block is one of the largest single-issue powers in U.S. politics.
The U.S. has charged two Chinese intelligence officers in a scheme to bribe a U.S. government employee to steal “secret” documents relating to the prosecution of a company in China. The defendants paid the government employee, who is actually a double agent, approximately $61,000 in bitcoin for stealing the information, according to the U.S. Department of Justice (DOJ). Alleged Chinese Spies Charged in Scheme to Steal Secret Documents The U.S. Department of Justice (DOJ) announced the unsealing of a criminal complaint Monday charging two Chinese intelligence officers in a....
In the digital age, it seems strange that people all around the world still use paper to vote. Of course, given bitcoin's promise to remove paper from the financial system, many in the industry are beginning to ask if the same block chain technology can be applied to help modernize the democratic process. There's good reason, as the traditional paper voting system has its flaws. In 2012, when the last US election occurred, one in every eight voter registrations was invalid or inaccurate, and 2.7 million voters were registered in multiple states. That's a terrible statistic in a system used....