Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Ethereum: Welcome to the Beginning
by
Level Coin
on 30/01/2014, 01:19:21 UTC
Has anyone addressed the security of having a Turing complete foundation? Turing complete means that Ethereum contracts will likely be absolutely loaded with common and proprietary viruses, keyloggers, malware, adware, and a slew of other bad things. I am willing to bet my bank account that in a few short months people will be crying about how they got all their wallets/currency stolen, or their computers are now running slow, or how they blue screen every few minutes after a reboot.

If you want an example of how Turing complete works, load up a peer to peer sharing program and download a bunch of .MOV files and run them. I GUARANTEE that you will get a virus. That's because Quicktime movie files are Turing complete. This is why mkv, mpeg, mpg and avi, while not impervious, are much much safer to download. If you want to invest, mine, and run contracts at the risk of losing everything then go ahead. We will never know for sure how secure Ether is going to be until post release, so asking for money without proof of security is another red flag.


I too would like to know this. Turing complete is dangerous and highly insecure.