Bridged ETH (NEAR Intents) (ETH)

🔥 Vitalik Buterin on why consortium blockchains have mostly failed:

“The original vision of consortium blockchains — the idea that you have 5 banks or major companies that come together and create their own chain — has been mostly a failure. I think the reason why is it ends up inheriting most of the disadvantages of centralization and most of the disadvantages of decentralization at the same time.

The first five banks join and feel like they’re building something together… but when bank #6, #7, or #29 joins later, it still feels like joining a cartel-controlled system. No real openness, no public explorer like Etherscan, and privacy becomes questionable when your data sits on a network visible to your competitors.”

This is exactly why permissioned infrastructure continues to win. Ethereum will win.

Source: @Etherealize_io

$ETH holders love getting abused https://t.co/U4V6qoc1Po

The situation gets even more interesting 👀

JaredFromSubway has now issued a white hat bounty onchain following the recent exploit.

Embedded directly in the transaction data, they wrote:

"Well played. We are willing to offer a 50% white hat bounty if you return 2,150 ETH to this address within the next 48 hours. Otherwise, we will pursue all available legal and law enforcement remedies."

The message is permanently recorded and verifiable on the Ethereum blockchain.

(Tx hash: 0x3d30d74d8e9c625b44e5ce9b15ea8301d69f0a405e9267c0cf618e2ecd674ab3)

We'll see if the counterparty takes the deal.