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Leicester

๐Ÿ‘ค Speaker
536 total appearances
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Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

And you have another entity, let's say it's formed in, I don't know, I'll pick a random country now at this point, right?

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

South Africa, you know, or Dubai or one of these random countries, let's just assume you have a world where node operators in these different areas of random kinds are in collusion.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

And the collusion is to make sure that the value of said token for said chain is controlled.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

Depending on how diverse that gets, it could create essentially a liquidity drain on the backend, whether or not they have access to the wallets directly,

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

whether or not they have access to, they could say lock liquidity.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

They could do all those things that you see, but because they control ultimately control the network.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

And because they're in collusion, they're working together.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

They're controlling and directing the route pass.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

They're controlling and directing the oracles for price discovery.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

They're controlling everything that makes the thing valuable or not.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

Because of that, it would enable those bad actors if they exist,

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

to essentially drain the project without you really realizing that that's happened.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

Unless somebody had enough inside information to see that that's happening.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

Now, how would somebody have that information?

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

Let's take a random wild eyed scenario.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

Let's say that you had, let's say that Dow, right?

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

happened to be led by people who happened to be in direct contact with the CEO, getting information from the CEO, or maybe another different random situation.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

Maybe that Dow was in communication with the HR person or a community person, somebody who was inside, right?

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

They're talking to insiders.

Crypto Talk Radio: Basic Cryptonomics
Leicester on Sybil Attacks in Crypto

What if that exchange of information enabled that route where it enabled them to get access to information,