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The light inside is broken, but I still work. The Cadillac of online bookmarking sites. Alleged nocoiner. http://pinboard.in  maciej@ceglowski.com +1 415 610 0231

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    1. Thomas H. Ptacek‏ @tqbf 11 Feb 2018

      Thomas H. Ptacek Retweeted Matthew Green

      BitGrail checked balances before withdrawals in clientside JS. There’s no nationwide bank in the country that doesn’t spend tens of millions on appsec annually.https://twitter.com/matthew_d_green/status/962746421169487872 …

      Thomas H. Ptacek added,

      Matthew GreenVerified account @matthew_d_green
      I also have to wonder to what degree the “security” of our official financial networks is a product of obscurity combined with relatively unsophisticated attackers. https://en.m.wikipedia.org/wiki/2015–2016_SWIFT_banking_hack …
      Show this thread
      2 replies 19 retweets 91 likes
      Show this thread
    2. Matthew Green‏Verified account @matthew_d_green 11 Feb 2018
      Replying to @tqbf

      One has to ask: if the full design of those systems was completely public (and attackers were smarter) would that spending be enough?

      2 replies 0 retweets 1 like
    3. Thomas H. Ptacek‏ @tqbf 11 Feb 2018
      Replying to @matthew_d_green

      Enough? Of course not. Better by leagues than cryptocurrency infrastructure? Absolutely.

      1 reply 0 retweets 9 likes
    4. Matthew Green‏Verified account @matthew_d_green 11 Feb 2018
      Replying to @tqbf

      But cryptocurrency infrastructure has been astonishingly robust. Bitcoin clients are written in C++. Heard of any network-crashing RCE? Eth uses a custom VM. Heard of any major attacks on it? Exchanges aren’t “cryptocurrency infrastructure”. They’re random websites by amateurs.

      4 replies 6 retweets 36 likes
    5. Tony “Abolish ICE” Arcieri  🦀‏ @bascule 11 Feb 2018
      Replying to @matthew_d_green @tqbf

      While we haven't seen sandbox escape/RCE-style vulnerabilities, mistakes in its design as manifested in Solidity are largely implicated in the loss of billions of dollars worth of cryptocurrency/tokens on the Ethereum platform

      2 replies 0 retweets 6 likes
    6. Matthew Green‏Verified account @matthew_d_green 11 Feb 2018
      Replying to @bascule @tqbf

      I’ve said this many times. This is definitely a flaw. But it’s not some intractable flaw. It’s a “this is v0.1 don’t put a lot of money into it you idiots” flaw.

      3 replies 0 retweets 4 likes
    7. Thomas H. Ptacek‏ @tqbf 11 Feb 2018
      Replying to @matthew_d_green @bascule

      It sounds like you’re saying, “don’t put a lot of money into it, you idiots, but also probably better to have your money there than in a bank”.

      1 reply 0 retweets 4 likes
    8. Matthew Green‏Verified account @matthew_d_green 11 Feb 2018
      Replying to @tqbf @bascule

      Oh no. I think banks have a great risk profile. My only question is whether that’s because they’re really, really technologically robust under the hood — or if it’s because there’s so much obscurity and so many expensive human checks and delays that they get there.

      2 replies 0 retweets 5 likes
      Pinboard‏ @Pinboard 11 Feb 2018
      Replying to @matthew_d_green @tqbf @bascule

      I think missing from this debate is the vast regulatory and legal apparatus around banks and bank heists, as well as the fact that regulators and judges have a deep familiarity with the financial system. Take that away and banks look a lot more like crypto

      10:50 AM - 11 Feb 2018
      • 1 Retweet
      • 8 Likes
      • Jesse loryza Esteban K – 🦀⚙️ 𝑁𝑂𝑇 𝑁𝑂𝑇 𝐽𝐴𝑀𝐸𝑆 Matthew Green Alex Russell Alec Resnick
      1 reply 1 retweet 8 likes
        1. New conversation
        2. Matthew Green‏Verified account @matthew_d_green 11 Feb 2018
          Replying to @Pinboard @tqbf @bascule

          I wonder, in th aggregate, how much that is costing us.

          2 replies 0 retweets 0 likes
        3. Pinboard‏ @Pinboard 11 Feb 2018
          Replying to @matthew_d_green @tqbf @bascule

          Not as much as political donations are costing you. Pony up!

          0 replies 0 retweets 4 likes
        4. End of conversation

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