The Danny Miranda Podcast #264: Nat Eliason – The Dark Side of Crypto & Online Writing
36 snips
Oct 19, 2022 AI Snips
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Seed Phrase Published And Wallet Drained
- Nat accidentally published his wallet seed phrase to GitHub and lost about $30,000 while at dinner.
- Scrapers scan public repos for seed phrases and instantly drain exposed wallets, making that mistake catastrophic.
Near-Total Rug Pull Escape
- Nat and friends invested in a crypto project that turned out to be a rug pull and almost everyone lost their funds.
- He escaped loss only because he had not finished an authorization transaction the day before and could recover his money.
The Never-Ending More Trap
- Once you're on a money-chasing trajectory, there's always a reason to go further and never a satisfying endpoint.
- Having a child reframed Nat's priorities toward meaningful work instead of endless financial escalation.