Re:Kim Dotcom puts up €10,000 bounty for first person to bre...
by huhtenberg on Sunday February 03, 2013 @07:59AM
(#5159530)
I read it in full on more than one occasion, thank you very much. Perhaps you should re-read Schneier's original note on cracking contests and figure out how it relates to Mega's case - http://www.schneier.com/crypto-gram-9812.html#1 - because it really doesn't.
Mega's bounty is of the exact same nature as Google's bounty for Chrome bugs. At least it looks that way on the surface. Whether it's genuine bounty is another question, but as I said in another comment I have a problem with the half-assed nature of your original comment rather than with its content. Especially considering that a lot of people on HN look up to you as being the security guy and adopt whatever you say for their own opinion.
---
(edit) The bottom line is that offering a bounty to audit the security of highly public project (after readily admitting several design flaws in the initial version) is not a sign of a snake oil crypto. It's just not.
Mega's bounty is of the exact same nature as Google's bounty for Chrome bugs. At least it looks that way on the surface. Whether it's genuine bounty is another question, but as I said in another comment I have a problem with the half-assed nature of your original comment rather than with its content. Especially considering that a lot of people on HN look up to you as being the security guy and adopt whatever you say for their own opinion.
---
(edit) The bottom line is that offering a bounty to audit the security of highly public project (after readily admitting several design flaws in the initial version) is not a sign of a snake oil crypto. It's just not.