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A comment on $300k for Cracking Telegram Encryption. Parent comment

Re:$300k for Cracking Telegram Encryption by kirushik on Tuesday November 04, 2014 @11:16AM (#8557293)
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.

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Re:$300k for Cracking Telegram Encryption by hughes on Tuesday November 04, 2014 @11:56AM (#8557546)
They 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...
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Re:$300k for Cracking Telegram Encryption by ig1 on Tuesday November 04, 2014 @12:05PM (#8557595)
Depends if your goal is security or publicity.
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