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Cake day: July 26th, 2023

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  • It just means that it is a representation of some other wealth. Gold isn’t fiat because gold itself is the thing that has value, currency is fiat because it is a representation of value not in and of itself valuable.

    All currency is by definition fiat because all currency is a representation of value. And the crypto Bros keep telling us that bitcoin and similar are currency so they are therefore fiat.


  • Yes I appreciate that but what I’m saying is that there isn’t really a reason to hack Earth 2 accounts.

    Ostensively it is an upcoming game, It isn’t it’s just a crypto scam, that people have registered interest in but I don’t believe there’s anything they can actually do on the accounts yet. It’s essentially just pre-registration.

    So really all that anyone has got out of this is a list of email addresses they could use for phishing. It’s not like they’ll get any new passwords out of it to hack on other services such as email providers or bank accounts



  • Echo Dot@feddit.uktoTechnology@lemmy.worldEarth 2 had a data breach.
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    1 day ago

    You are correct that people commonly reuse passwords. People are stupid after all. But in this case passwords weren’t taken because they were encrypted, so all they’ve got is user names and email addresses.

    From the sounds of it, the database was actually pretty secure the problem was the interface between the database and the website wasn’t. Good news is because the database was secure not a lot of sensitive information has been leaked.