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Which is the wiser way to deal with hackers: Is it to enact hard to enforce ambiguous anti hacking laws, while at the same time individually patching each expl
by Dilpil 16y ago
Which is the wiser way to deal with hackers:
Is it to enact hard to enforce ambiguous anti hacking laws, while at the same time individually patching each exploit with unrelated fixes?
Or is it to step back and analyze why a system has so much hackable complexity, and seek to fix the overarching issues that create security vulnerabilities?
I would much rather see fundamental suggestions about how to optimize the market for fairness from the ground up rather than patchwork fixes like the dollar a trade tax, or the 5 year tax break.
- daniel-cussen 16y agoMy understanding is that game theory isn't there yet, so you can't do a first principles market approach. But one should still try to make things work better and more elegantly.
- _delirium 16y agoIt's also hard to really "design" markets in an overarching way; they tend to be nothing but formalizations of and patchwork fixes to various existing practices. The stock market, for example, is a formalization of the paper-stock-trades market with an attempt at improving transparency and reducing fraud; the commodities exchange market is similar for commodities, with the additional goal of providing a clearance mechanism to get counterparty risk out of the picture; etc.