So all the brains and noise in crypto and open source projects over looked such a disaster?
I'm not sure whether to congratulate you or offer my condolences to the dev team and the big players.
This is rather interesting, not only for crypto, but also for all open source projects; having a project "open source" and calling the myth of "open source is more secure" doesn't make the code more secure.. Having developers like yourself actually looking into the code and testing the hell out of every possibility is what makes it secure.
Nice work, hope a fix, patch, rebirth or whatever you want to call it will be pushed out soon as such noise is in no way good to any cryptos including but not limited to Bitcoin
Open source is more secure exactly because it can get wider peer review. Programmers make mistakes, but with closed source issues can go un-notices for years - even on purpose while other exploit the 0day. The NSA have been doing this for example.
Exactly, I'm not saying it isn't, I'm trying to say that if a software is open source, it shouldn't be taken for granted. I'm not a dev myself, I wish I were, but I think devs in the crypto community should make some sort of organization to do nothing but test for such bugs and us the users can donate to them, or they should be paid from TX fees, ads etc... This community is getting wider and bigger, being decentralized doesn't mean we can't have a well known organization to look after the technical side of things for all crypto related software
Well, I disagree, I see it as the duty of the exchanges and wallet services to perform this kind of scrutiny / review before adding a new alt-coin to their assets. I know that this has not been the practice so far, while everything has been wild west gold digger mentality, but things are getting legit, and you should do your best to secure your customers values. Anyway, it was actually in this process I found the above bugs, and I have seen other bugs in other alt-currencies, but never any alarming ones until now.