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Re:$300k for Cracking Telegram Encryption by drdaeman on Tuesday November 04, 2014 @01:17PM (#8558075)
So, given the contest would "succeed" (or "fail", depending on the viewpoint) with no one getting the prize, the only thing we could be more or less certain of, is that no one would likely consider cracking Telegram under given conditions for $300K in 2 months. Or maybe I'm missing something.
Re:$300k for Cracking Telegram Encryption by opendais on Tuesday November 04, 2014 @01:21PM (#8558104)
Yep. Unless there is a bug in the bot or their implementation isn't as described, no one will crack it so its a very safe bet for them.

This contest basically admits its crackable for more than $300k as well. They even reduced the number of bits for a collision. :/