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A comment on A hacker stole $31M of Ether – how it happened, and what it means for Ethereum. Parent comment

Re:A hacker stole $31M of Ether – how it happened, and what ... by JetSpiegel on Friday July 21, 2017 @03:45AM (#14818773)
There's already an implicit bug bounty. Whoever found this bug got a bounty of millions. Much better than the presence that tech companies pay.
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Re:A hacker stole $31M of Ether – how it happened, and what ... by tlrobinson on Friday July 21, 2017 @08:49AM (#14820003)
Yes, but I'm suggesting designing explicit bug bounties. The point of a bug bounty is to offer a smaller sum of money than would be lost if the vulnerability were exploited maliciously.

Cryptocurrencies are serving as bug bounties for their crypto primitives, but that only benefits other users of those primitives.

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