Post
Topic
Board Announcements (Altcoins)
Re: [ANN][VRC] | VeriCoin | POS - NSDI | VeriBit | VeriSend | VeriSMS
by
barabbas
on 16/07/2014, 19:01:05 UTC
a repeated situation is highly unlikely if not impossible to happen

unlikely

yes, everyone hopes for that and that should be a main goal when it comes to security

impossible?

just. don't. say. stuff. like. that. really. nothing is impossible no matter how hard you try to protect something. there are much bigger threats coming from the inside (like this whole story is just fishy) than from the outside, like hacking attacks. so reading words like impossible makes me cringe everytime

I didn't write "impossible" I wrote "...if not impossible..." in the context or a larger phrase. Of course nothing -almost nothing- is impossible, but the degree of "unlikely" grows exponentially, in crypto, when there's transparence. And lack of anonymity. I don't know where you live, but in the US, there are laws, even though there's still  no regulation. And over here it is very difficult to get away with theft... at least completely... IF you are a student by the name of Patrick Nokster developing a coin like VRC. Definitely much harder than if you are a Russian expatriate with no known name who goes by one or more handles, let's say like "Rat4". Still, since you (rat4) are in the US, you are subject to laws -and the scrutiny of the IRS-, so it is quite hard -not impossible- for you the get away with blatant theft (perhaps not so much with about half of the loot...). Now, if you live in Sri Lanka and you are a dev under the handle of "Wizzbit" or whatever.

You get my meaning, I'm sure.