Re:The truth about the Bitcoin Foundation
by seanwilson on Saturday April 04, 2015 @10:23AM
(#9320896)
I find Bitcoin fascinating so I'm not knocking it, but about this one:
> "..Bitcoin's disaster recovery plan is a) get a cabal of people together in IRC, b) shut down the entire payment network, c) sort things."
So say somebody finds a bug in the implementation that lets you do bad things like transfer everyone's balance to an attacker's account...what's the back up plan? Is there an equivalent with US dollars where such a thing could happen that has a back up plan?
Putting myself in the shoes of Bitcoin's developers, I can't feel all but terrified that a simple buffer overflow or something similar could wipe out an entire currency. Or is there something I'm not understanding?
> "..Bitcoin's disaster recovery plan is a) get a cabal of people together in IRC, b) shut down the entire payment network, c) sort things."
So say somebody finds a bug in the implementation that lets you do bad things like transfer everyone's balance to an attacker's account...what's the back up plan? Is there an equivalent with US dollars where such a thing could happen that has a back up plan?
Putting myself in the shoes of Bitcoin's developers, I can't feel all but terrified that a simple buffer overflow or something similar could wipe out an entire currency. Or is there something I'm not understanding?