But BitCoin doesnt need a sponsored hackathon for people to start finding flaws in it. As the author pointed out, there is a huge reward already waiting for any

But BitCoin doesnt need a sponsored hackathon for people to start finding flaws in it. As the author pointed out, there is a huge reward already waiting for anyone who can cheat bitcoin. That should guarantee that many have already tried and failed along with the author. Unless of course they succeeded but kept it to themselves for strategic reasons.