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A comment on 153k Ether Stolen in Parity Multi-Sig Attack. Parent comment

Re:153k Ether Stolen in Parity Multi-Sig Attack by 52-6F-62 on Wednesday July 19, 2017 @05:09PM (#14807966)
It has nothing to do with any currency or protocol. It was a broken feature in a piece of software used on the network that was bad. Unfortunately, it was widely used and somebody caught the fault and exploited it.

It's more like a company's open source software allowing somebody to steal your bank password. It doesn't have anything to do with USD or the Fed, or even the bank's larger practices. It has to do with how negligent they were with regard to a particular feature.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by dahdum on Wednesday July 19, 2017 @06:44PM (#14808647)
This...it was a poorly written contract just like the DAO was. Parity developers didn't follow the most basic contract safety steps, and people used it because they trusted them too much.

Each of these situations is a painful learning experience, but moves the platform forward.

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Re:153k Ether Stolen in Parity Multi-Sig Attack by vkou on Wednesday July 19, 2017 @05:34PM (#14808179)
Of course, there is a very large financial system designed to deal with the fallout of a bank password being stolen. There is no such system with crypto-currencies.
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