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I'll be blunt: Money's gotten buggy.
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Bitcoin's got its issues. But it is not competing with perfection.
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It is a fairly open secret that almost all systems can be hacked, somehow. It is a less spoken of secret that such hacking has actually gone quite mainstream.
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The reality of most software development is that the consequences of failure are simply nonexistent.
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Software tends not to kill people, and so we accept incredibly fast innovation loops because the consequences are tolerable and the results are astonishing.
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I'm not an economist; I'm a hacker who has spent his career exploring and repairing large networks.
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BitCoin is actually an exploit against network complexity. Not financial networks, or computer networks, or social networks. Networks themselves.
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The Internet's proven to be a pretty big deal for global society, and Bitcoin could basically be thought of as the Internet, applied to money.
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The data shows that this is most likely a hundreds-of-thousands to millions of victims issue.
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It is unquestionable that Sony's code has gotten into military and government networks, and not necessarily just U.S. military and government networks.
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There may be millions of hosts that are now vulnerable to something that they weren't vulnerable to before.
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We're past the era where denial of service simply happens because kids are looking for a good time.
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We are at the point where all the obvious things we tell Microsoft to do, they already do it.
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It's not perfect, but compared to the competition, they've made significant progress.