Max Parasol - Profile and Journalist Details
Find journalists that align with your industry, location and vision. Unlock Max Parasol's full journalist profile, including location, coverage topics, current employer, biography and preferences. Sign up today and start building journalist relationships that fuel your startup's growth.
Get connected with journalists today
Max Parasol
Verified
Freelance Features Writer, Cointelegraph
Sydney
Beats
Numismatics , Rare Coins , Collectibles , Pricing
Budget, and economics
Content
By Max Parasol| Cointelegraph Verified Governance in decentralized autonomous organizations is hard. Especially so with decentralized onchain token voting. Ethereum creator Vitalik Buterin famously rejects it due to the difficulties of what is essentially an unbridled democracy. Politics, money and misaligned incentives mean tokenholders are often out for their own benefit rather than the good of the DAO.
By Max Parasol, Elias Ahonen Verified, Andrew Fenton, Ciaran Lyons Verified| Cointelegraph Verified It started with the chaotic $190 million Nomad hack in August 2022. An exploit, or flaw in the code, was found for the bridge, and a colossal crowd of criminals rushed in to loot the funds. In its analysis of the exploit, Immunifi said one problem was: “Staying true to DeFi Principles, this hack was permissionless — anyone could join in.”Plenty of white hat hackers wanted to help but were forced to watch from the sidelines due to the legal risks of pitching in.
By Max Parasol| Cointelegraph Verified Governance in decentralized autonomous organizations is hard. Especially so with decentralized onchain token voting. Ethereum creator Vitalik Buterin famously rejects it due to the difficulties of what is essentially an unbridled democracy. Politics, money and misaligned incentives mean tokenholders are often out for their own benefit rather than the good of the DAO.
Company Info
Cointelegraph
Cointelegraph is an independent digital media platform established in 2013, focusing on news and developments in blockchain technology, cryptocurrencies, and fintech trends. Headquartered in New York, Cointelegraph is known for its unbiased reporting and comprehensive coverage of the social changes driven by digital currencies. The platform offers a variety of services, including up-to-date news coverage, in-depth analysis, and multimedia content such as videos and podcasts. Cointelegraph also features a Research Terminal that provides detailed insights and data analysis. Additionally, the company organizes the BlockShow conference, which gathers industry leaders to discuss the future of blockchain and cryptocurrencies. With over 20 million global readers and content available in multiple languages, Cointelegraph serves a diverse audience, from beginners to industry professionals.
'+1 347-741-8268
Founded: 2013