“Why did Yearn Finance Founder John C. Grace blame social actors for the EMN token hack? Here’s a closer look at what he said.”
The EMN tokens were stolen in a hack, and the hack took place over the course of several weeks. What I think John C. Grace is trying to do is make the point that if he hadn’t taken these tokens and made his business so attractive, then the hackers wouldn’t have had the motivation to get into his business and steal them.
But in saying that, it seems to me that this makes more sense to blame the social actors for their actions, rather than blaming the hackers. There’s no sense in blaming the hackers and then blaming the social actors, for instance, if you want to protect the reputation of the hackers in a very different context, and then blame the hacks on the social actors.
In the context of the hack, you have a bunch of social actors who want to take advantage of your situation. You have people who want to profit from your situation, and then there’s the hackers, who are looking to make themselves useful and make themselves money.
Now the hackers are there to make things happen for themselves and their own purposes, while the social actors are there to help you. This means that if you’ve got the social actors, and you’ve got the hackers, then you’ve got the problem of how to control the situation.
If this were true of the EMN tokens, then I’d say you could do something like ban all the social actors from ever buying the tokens, or make it so difficult that no one could buy them from them. But, because these hacks are done by a group of hackers, and not by a group of social actors, I don’t see why this is the way to go.
The hacker was there for a reason, and when he was doing his job correctly, he helped secure a group of people and some EMN tokens. So, when he did this, he didn’t take advantage of you, or make any money off of you.
What I’m saying is that you should take a step back and ask yourself, “What did the EMN team really do wrong?” They did a good job of securing tokens, but not everything they did was right, so we need to make sure that we stop their next move by thinking outside of the box.
And I hope that Yearn Finance Founder John C. Grace does that. After all, the hack will come up again, and we all know it will.