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The implementations of the protocol (the cross-platform bitcoin daemon) have been securely working in the real world since May '09. This track record is what in
by kylebrown 15y ago
The implementations of the protocol (the cross-platform bitcoin daemon) have been securely working in the real world since May '09. This track record is what inspires confidence in the protocol. The security of any particular web app related to bitcoin is not the security "of bitcoin".
The only reason bitcoin-related web apps are so extensively probed is due to the security of the protocol (bitcoins are valuable because the protocol and its most widespread implementation is believed to be secure).
The security track record of any highly targeted industry is generally poor, including banks, fortune 500 companies, credit card processors, and shopping carts. To say that the security of bitcoin-related services is any worse than these is unfair.
- tptacek 15y agoI disagree that the security track record of Bitcoin companies is comparable to that of banks.
- kylebrown 15y agoHere's three examples of poor security of banks (and another for one of the largest Forex brokers) from the past year. http://nakedsecurity.sophos.com/2012/01/20/hackers-snatch-6-7m-in-south-african-cyber-bank-robbery/ http://nakedsecurity.sophos.com/2012/01/20/hackers-snatch-6-... http://www.wired.com/threatlevel/2011/06/citibank-hacked/ http://www.wired.com/threatlevel/2011/06/citibank-hacked/ http://www.medianama.com/2011/09/223-hdfc-banks-database-was-hacked/ http://www.medianama.com/2011/09/223-hdfc-banks-database-was... http://news.softpedia.com/news/Swiss-Forex-Marketplace-Compromised-210211.shtml http://news.softpedia.com/news/Swiss-Forex-Marketplace-Compr...