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I would only feel safe using a completely open source exchange to hold my money.
by guelo 13y ago
I would only feel safe using a completely open source exchange to hold my money.
- erobbins 13y agoI guess you don't use any online banking services?
- tbyehl 13y agoUS banks have FDIC insurance to protect depositors against insolvency.
- shin_lao 13y agoWhat matters isn't open source or not. What matters is code quality.
- guelo 13y agoAs a customer, how would I know the code quality if it's not open source?
- brianpgordon 13y agoHow would you know that the exchange is actually running the source code that they publish?
- guelo 13y agoAn exchange would have to work to convince me of that.
- shin_lao 13y agoSo you're saying at some point you will make the decision to trust them based on... what? Will you go to their premises and inspect everything they do? Will you analyze all their processes? And for how long? At which point will you decide it's "satisfactory"? Will you account the cost of the analysis in your process? If the source code is in a language you don't understand, what will you do? If you go down the rabbit hole, it's endless.