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Home»Web 3»RIP: Crypto’s Infinite Money Problem Just Got Fixed
Web 3

RIP: Crypto’s Infinite Money Problem Just Got Fixed

2024-02-20No Comments2 Mins Read
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TL; DR

Full story

You know that one Australian guy who discovered an infinite money error with a certain type of ATM?

Where, as long as a certain set of withdrawal requests was made between 12:00 and 1:00 am, it wouldn’t be debited from his account?

All he had to do was go to an ATM once a night, type in a few numbers, hit the big green withdraw button – and BAM!

Money in his wallet.

Yeah, well – this looks a bit like the crypto version of that:

A handful of airdrop farmers have recently discovered the online equivalent of that “big green record button” in the far reaches of the internet.

The button in question was the ‘comment’ button on certain Github code repositories.

See, these farmers realized that some Web3 projects weren’t just sending out cryptocurrencies as a reward for their early development users – but also to their early ones contributors.

And that these “contributions” were tracked and quantified by the number of comments each person left on a crypto project’s Github repository.

What were they going to do next?

We’re not sure, but if we had to guess, we’d bet it went something like this:

They wrote a piece of code that…

  1. I have identified a number of crypto projects

  2. I found their Github repositories

  3. Automatically hit them with a bunch of responses

Good news/bad news (depending on where you stand):

This airdrop glitch no longer works.

Projects have gotten wise to this tactic and have limited the number of comments that can be left on a Github repository.

See also  Crypto's appeal is 'illusory' and increases financial risks of emerging markets: Bank for international payments

RIP 🙏

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Cryptos Fixed Infinite Money problem Rip
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