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SpankChain spanked

SpankChain, a cryptocurrency aimed at decentralized sex cams, has announced that a hacker stole about $38,000 from their payment channel thanks to a broken smart contract. They wrote: At 6pm PST Saturday, an unknown attacker drained 165.38 ETH (~$38,000) from our payment channel smart contract which also resulted in $4,000 worth of BOOTY on the contract becoming immobilized. Of the stolen/immobilized ETH/BOOTY, 34.99 ETH (~$8,000) and 1271.88 BOOTY belongs to users (~$9,300 total), and the rest belonged to SpankChain. Our immediate priority has been to provide complete reimbursements to all users who lost funds. We are preparing an ETH airdrop to cover all $9,300 worth of ETH and BOOTY that belonged to users. Funds will be sent directly to users’ SpankPay accounts, and will be available as soon as we reboot Spank.Live. The hacker used a ‘reentrancy’ bug in which the user calls the same transfer multiple times, draining a little Ethereum each time. The bug is the same one that previously affected the DAO. The company pointed out that a security audit on their smart contract would have cost $50,000, a bit more than the amount lost. “As we move forward and grow, we will be stepping up our security practices, and making sure to get multiple internal audits for any smart contract code we publish, as well as at least one professional external audit,” they wrote. I’ve reached out to the company for clarification but in short it seems the spanker has become the spankee. UPDATE – According to the CEO the hacker returned the cash and offered to help Spankchain fix its smart contract. Who said the crypto world was full of crooks and liars! Ladies and gentlemen, I present the real winner of the @ETHSanFrancisco hackathon! https://t.co/kfA6NVV71J — Ameen Soleimani (@ameensol) October 11, 2018

Standard Mileage Deduction for Business Use of Car

Taking the mileage deduction when you use your vehicle for business can yield big savings on your taxes. Find out what the 2018 IRS mileage rate is and what the IRS’s rules are for taking this deduction.

VCs say Silicon Valley isn’t the gold mine it used to be

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel, for example, have left. Rising rents are making it impossible for new blood to make a living, let alone build businesses. And according to a recent survey, 46 percent of Bay Area residents want to get the hell out, an increase from 34 percent two years ago. Needless to say, the future of Silicon Valley was top of mind on stage at Disrupt. “It’s hard to make a difference in San Francisco as a single entrepreneur,” said J.D. Vance, the author of ‘Hillbilly Elegy’ and a managing partner at Revolution’s Rise of the Rest Fund, which backs seed-stage companies based outside Silicon Valley. “It’s not as a hard to make a difference as a successful entrepreneur in Columbus, Ohio.” In conversation with Vance, Revolution CEO Steve Case said he’s noticed a “mega-trend” emerging. Founders from cities like Pittsburgh, Detroit or Portland are opting to stay in their hometowns instead of moving to U.S. innovation hubs like San Francisco. “The sense that you have to be here or you can’t play is going to start diminishing.” “We are seeing the beginnings of a slowing of what has been a brain drain the last 20 years,” Case said. “It’s not just watching where the capital flows, it’s watching where the talent flows. And the sense that you have to be here or you can’t play is going to start diminishing.” J.D. Vance says that most entrepreneurs don’t need to move to Silicon Valley. Here’s why. #TCDisrupt pic.twitter.com/0mFPeTuHLe — TechCrunch (@TechCrunch) September 6, 2018 Farewell, San Francisco “It’s too expensive to live here,” said Aileen Lee, the founder of seed-stage VC firm Cowboy Ventures, amid a conversation with leading venture capitalists Spark Capital general partner Megan Quinn and Benchmark general partner Sarah Tavel . “I know that there are a lot of people in the Bay…

Refer Your Friends and Earn Money with Referral Links

It’s incredible how much the web evolves and changes every day. I mean, remember when we used to clip coupons from the Sunday newspaper and look for recommendations in Consumer Reports? Now we check our inboxes for daily deals, we grab coupons from our smartphones and search for recommendations on social media platforms like Facebook, […] The post Refer Your Friends and Earn Money with Referral Links appeared first on The Work at Home Woman.

SweatCoin Review: Get Paid To Walk or Scam?

Every time I think about working out, an excuse to skip it always pops up. Well these excuses are dwindling by the day, especially when I realized there’s someone willing to pay me to do so. If you’re here, you’re maybe wondering if the SweatCoin app can actually pay you to walk. It’s probably why […]

Coinbase’s Brian Armstrong: ‘I’d love to run a public company’

Brian Armstrong, the CEO of cryptocurrency trading platform Coinbase, wants to take his company public — maybe on the blockchain. Onstage at TechCrunch Disrupt SF 2018, Armstrong dished on his ambitions for the future of Coinbase. “We are self-sustaining,” Armstrong said. “You know, we’ve been profitable for quite a while. We don’t have any plans to raise additional capital at this point, but never say never … Someday I’d love to run a public company.” Armstrong didn’t rule out going public on the blockchain. He said he’s even considered going public on his own platform. “I think it would be very on mission for us to do that because, of course, we are creating an open financial system,” he said. “Companies could list their stock, which are really tokens, and instead of a cap table, you tokenize the cap table. But I don’t have any decisions on that to share at the moment.” Coinbase now supports buying and selling Ethereum Classic An innovative exit would be very on-brand for Coinbase. As one of the earliest players in crypto-mania, the company has certainly had to make things up as it goes. It’s worked, as Armstrong said; the company is profitable and was the first-ever cryptocurrency startup to garner a billion-dollar valuation. Founded in 2012, Coinbase is backed by IVP, Spark Capital, Greylock Partners, Battery Ventures, Section 32, Draper Associates and more. The company was valued at $1.6 billion in August 2017 with a $100 million Series D last year. The financing was reportedly the largest-ever for a crypto startup. Watch the full interview with Brian Armstrong below.

Should You Purchase or Lease Business Equipment?

Which is better, leasing or buying expensive equipment or machinery for your business? Here are the factors you need to consider to determine the best option for your company.

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