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Leicester

šŸ‘¤ Speaker
1280 total appearances
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Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

And somebody said, yeah, that's because the guy's taking kickbacks.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Well, you can't prove it.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

But if any of what's being redirected is going to him or to a wallet he controls, yes, that would qualify as a kickback.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

In this case for safe moon, it turned out that one person controlled access to all of those wallets.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

So it's a centralization issue with reserved, with respect to these wallet addresses.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

And if they own the wallets as a safe move, again, if they own the wallets, that means that you're basically paying them.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

If you're doing anything where you're doing buys and sells to a wallet, that's controlled by an individual.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

That's not decentralization.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Right?

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

And so then the risk is that somebody could dump off the project on these.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

When you have a wallet, then goes back to what I said.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

If you have a wallet that you create, SafeMoon wallet still exists.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Okay.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

It did.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

It did launch.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

It did what it's doing.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

But by the time it got to that point, the value of the project was in the crapper.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

So at that point, what is the real differentiation between safe moon wallet and say trust wallet?

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

There really isn't trust wallets actively developed against trust.

Crypto Talk Radio: Basic Cryptonomics
Leicester On The #BlockDAG ā€œSuper Applicationā€ (OOC)

Wallet does not have any person behind it.