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RE: Good News, Bad News, Good News: A hack, P2P, and a white/gray hat

in #hive-engine4 years ago

It is very related in some sort, but there is also a variety of reasoning on the chain which has lead to where we are. Aggroed is not a Top 20 witness even with some of the most significant projects. He's doing stuff and he's taking the risk, good for him - I hope. This was not a specific HIVE 'Source Code' Problem, more a within the Community and Projects Sphere of it.

That of course does not invalidate your main point, but it bends over to something else. Let me try to build this from the ground. Every entrepreneur has this Sword of Damocles hanging over his head, sometimes you're more aware of it and sometimes less, but it's always there.

image.png (source:https://en.wikipedia.org/wiki/Damocles)

Now when we look at exchanges, that's what I would call a very risky business to be responsible for. Especially in Crypto, we all know that for years already, exchanges have always been somewhat dangerous places for lying funds. There have been countless incidents so far. How comes? Most attacks against them have also been ordinary IT Problems, such as this one. This leads to the real question here, how secure are the note servers, and how much effort is being put into that. How trustworthy are the admins and how suited is the system to lock itself after a breach? Those are fundamental questions I'd be interested in.

... But then again personally not really. It's a few thousand bucks for me and I trust @aggroed so far that I'd be willing to lose them if he really fails. He's not a con artist and he's doing a fantastic job so far.


My Conclusion:
A very capable Hacker wanted to let us know, that he thinks that Aggy suxx. Well, ok, Message received and thanks for returning the funds.

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Or maybe he just wanted to remind us that it's not DECENTRALIZED?

If it's not decentralized, it's not trustless, and not crypto. As you've correctly said, you have to trust him.

Either way, I'm not speculating on motives or talking good or bad about any particular people. I'm talking about HIVE's reputation, both real and perceived, and what we're doing to preserve it.

I hope you're beginning to understand the difference.

If it's not decentralized, it's not trustless, and not crypto. As you've correctly said, you have to trust him.

That's a very consequential statement, something larger than life. Too bad we're still trapped inside this fallen world where everything ain't black or white but shades of grey :)

BTC is no shade of grey. Think about that one for a minute!

And crypto candidates that want to survive more than a few wishful years absolutely must adhere to the same basic fundamental ethos, otherwise they'll be nothing more than just another online video game, or chat, or what have you, but they won't be cryptocurrency!

You are indeed a very thoughtful man.