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What's the mathematical expectation of "Let's pay $300K for the security analysis?" –$300 000, and good publicity among security experts. What's the mathemati
by kirushik 12y ago
What's the mathematical expectation of "Let's pay $300K for the security analysis?"
–$300 000, and good publicity among security experts.
What's the mathematical expectation of "Let's start a contest with $300K for dealing with our crypto on our terms (assuming 5% of success)"?
–$15 000, and much larger PR effect. ($300K-resistant crypto, yay!)
Seems to be an easy choice, unfortunately.
- hughes 12y agoThey could probably even purchase insurance against their loss. They just need to convince a prize indemnity insurance company that their security is unlikely to be broken, which might itself necessitate a $300 000 security audit...
- ig1 12y agoDepends if your goal is security or publicity.