Ethereum Break-In: Value of a Virtual Second $31M
The old way to get rich is in vogue: learn to code, and, then, steal.
A recent coding error cost certain Ethereum users $31 million in non-recoverable funds as hackers found, and exploited, a tiny mistake, which forced Ethereum to duplicate the hack in order to avoid it.
The duplication is instructive.
Explanations of the break-in included a reference to the differences between client-based vs client-server technology. More simply, centralized vs distributed processing.
Explanations of the break-in included, also, a reference to the difference between fast-and-break vs slow-and-fix mentalities.
Meaning, complementarity and reproduction (repetition, copy) were involved.
Meaning, this solves the halting problem even as Ethereum machines and code are Turing complete.
So, what does the Ethereum break-in tell us?
There are no ethics, operationally, in nature.
This is because nature’s coding system is very simple (exploited by hackers everywhere).
Conservation of the circle is the core dynamic in nature.
