Forgot your password?
typodupeerror

Comment Re:Will they be able to cover the next one? (Score 2) 49

Why don't we see an Engineer's laptop at some major US Bank being compromised and then the bank getting drained of funds? Why is it that the traditional system does not seem to have these same kind of draining attacks?

Because crypto is still growing up and discovering why financial systems have certain features.

* AI response*
If hackers compromise a high-level U.S. bank employee's laptop, they do not gain immediate, unfettered access to a multi-billion dollar digital hot wallet. Bank assets are separated into strict ledger segments, physical vaults, federal reserve deposits, and heavily credentialed clearing houses that require multi-party, offline human sign-offs for large-scale institutional movements.

Comment Re:Will they be able to cover the next one? (Score 1) 49

There are people that want to treat crypto contracts as law. Its nuts.

It is kind of interesting that most of the blockchains themselves are cryptographically secure, for now. But the storage and exchange of keys to blocks seems not so secure again and again. Binance is a big player, who is getting this right?

Comment The problem is businesses. (Score 1) 102

The issue of daylight savings has largely been solved by shifting clocks a minute every day for sixty days. The obvious problem is that we didn't build our electronics based on the concept of variable lengths in the days. However, we could mandate that all new electronics either have a built-in calendar, have NTP capability, use celluar towers for synchronization, or not have a clock at all and at the end of a decade or two we could switch to a much healthier approach. However, it will never happen because of businesses like trains, airlines, financial markets, and international logistics rely on a synchronized timeline which means it would need to more than just a single nation that uses this scheme but the whole world.

TL;DR: it's just not lethal enough of a problem to get solved, especially when the money changers get involved.

Slashdot Top Deals

It is better to travel hopefully than to fly Continental.

Working...