Re:153k Ether Stolen in Parity Multi-Sig Attack
by flamedoge on Wednesday July 19, 2017 @06:15PM
(#14808494)
not even banks can give you guarantee of safely holding money with impeccable degree of certainty. Uncertainty cannot be avoided.
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Re:153k Ether Stolen in Parity Multi-Sig Attack
by finnh on Wednesday July 19, 2017 @06:20PM
(#14808518)
Slow down! Let's just aim for reducing uncertainty.
Let's say we have an uncertainty scale scored 1-100. If 100 is "money in a bank" and 1 is "money that's already been set aflame, but there's a cup of water nearby", I'd put Ethereum in the low single digits =)
Re:153k Ether Stolen in Parity Multi-Sig Attack
by mcbits on Wednesday July 19, 2017 @07:16PM
(#14808820)
If we put "cash in a hidden safe" at 1, I'd put "money in a bank" around 10. My checking account was once drained by the state on a clerical error. Or almost - they left me 17 cents. They did have a process to get it back (which, interestingly enough, involved emailing cryptographically signed documents back and forth), but it took a few days, and it was only lucky timing that prevented it from triggering a cascade of problems.
These newfangled experiments that I don't fully understand are still well above 10 for me, but they only have to get down to around 11-15 before I'll be interested.