Owlstorm
Owlstorm t1_j5ksie0 wrote
Reply to comment by More_Ad_6196 in eli5 - Wrapped tokens - crypto by More_Ad_6196
Yes
Owlstorm t1_j5kngrt wrote
Reply to comment by More_Ad_6196 in eli5 - Wrapped tokens - crypto by More_Ad_6196
There are a few loopholes.
51% is an obvious one- send bitcoin to get WBTC and then reverse the transaction on the bitcoin chain. Sell the WBTC to double your "money". It's one of the big defi piñatas.
Not happening with bitcoin any time soon (we'd need several more halvings), but you can see it with smaller tokens.
Also the usual boring hacking stuff like input validation and social engineering.
Owlstorm t1_jacvlno wrote
Reply to ELI5 How did we figure out the order for PEMDAS? Like how do we know that that order is correct? by ToodlyGoodness
It's an arbitrary convention, and hasn't entirely caught on for the order of MD and AS, or even MD vs AS.
For those, I recommend always using parentheses to avoid confusion regardless of the convention.