Chapter
Obscured hacks in web two
3:49:36 - 3:53:18 (03:41)
The current hacks in crypto overshadow the fact that in web two, security can be set to zero and focus only on utility. The concept is that blockchains serve as primitive for shared state between companies to write and read from without interference, despite the undetected security hole in applications like Epic software.
Clips
The presence of cryptocurrency private keys on a system gives attackers a tangible incentive to hack and steal immediately, as opposed to just stealing data, which has no immediate value.
3:49:36 - 3:51:09 (01:33)
Summary
The presence of cryptocurrency private keys on a system gives attackers a tangible incentive to hack and steal immediately, as opposed to just stealing data, which has no immediate value.
ChapterObscured hacks in web two
Episode#547: Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Trends, Bitcoin Mining as Energy Storage, Reputational Civil War, and Maximalism vs. Optimalism
PodcastThe Tim Ferriss Show
The speaker discusses the website 'Have I Been Pwned' and how companies now subscribe to their services to ensure users are not reusing passwords that have already been hacked.
3:51:09 - 3:51:33 (00:23)
Summary
The speaker discusses the website 'Have I Been Pwned' and how companies now subscribe to their services to ensure users are not reusing passwords that have already been hacked.
ChapterObscured hacks in web two
Episode#547: Balaji Srinivasan — Centralized China vs Decentralized World, The DeFi Matrix, Ascending vs Descending Trends, Bitcoin Mining as Energy Storage, Reputational Civil War, and Maximalism vs. Optimalism
PodcastThe Tim Ferriss Show
The concept of blockchain functioning as a primitive for shared state between companies makes it difficult for anyone to interfere with another user's reads and writes.
3:51:34 - 3:53:18 (01:43)
Summary
The concept of blockchain functioning as a primitive for shared state between companies makes it difficult for anyone to interfere with another user's reads and writes. While the current hacks of crypto things obscure the fact that in web two, setting security to zero and focusing on utility is easy, utility is key to customer retention.