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I'd say the tech part boils down to "it's untested crypto so it may be hacked". A successful currency is worth at least tens of billions of dollars - do you rea
by mdemare 15y ago
I'd say the tech part boils down to "it's untested crypto so it may be hacked". A successful currency is worth at least tens of billions of dollars - do you really want to base it on untested cryptography? And the transaction part looks much shakier than the bitcoin generation part.
- hasenj 15y agoRe: peer view; it's open source, so there's the peer review. https://github.com/bitcoin/bitcoin https://github.com/bitcoin/bitcoin It has about 100 forks (contributers).
- georgemcbay 15y agoJust because something is open doesn't mean anyone is actually looking at it... or more importantly, REALLY verifying it. Linux is Open Source, Apache is Open Source, both have had lots of major security exploits lurking in them for many years prior to being found and they almost certainly have many, many more still in there. Having something be Open Source is great for a lot of reasons but it is nowhere near a replacement for a dedicated rigorous peer review process based on mathematical proof of the algorithms.