Re:
(https://mycelium.com=phone/index.html). what are its weak points?
=C24k please note
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It's har= to tell w/o proper code/documentation (couldn't find much online). In=general the four things are:
the devil i= in the details, meaning that even if in theory it's all solid the imp=ementation might have bugs. There's no definitive technical solution f=r that though
anything that is "cus=om" (eg: they have a custom wifi protocol) is a red flag because it m=ans that it hasn't been properly vetted and might be broken/buggyQ=A0
there aren't enough details online to t=ll but it seems to me that to speed up the blockchain verification they pa=tially centralize the network by using their own "supernodes" (e=sentially the wallets talk to the supernodes vs the actual blockchain). Th= security of those servers seems key to me and they gloss over it online</=iv>
the mesh network implementation is completely up=in the air (judging from what's public) and it could go horribly wrong= So that needs further verification
1
EFTA_R1_01392246
EFTA02379148
Also (5., in general the disadvantage of distributed /open things is that it is a =ot easier to steal money vs a closed network (like swift).
<=div>
Are you looking to invest into this thing? If so , I'd =uggest a few things:
A) because problem (1)=above is not completely solvable, they need to have a plan. Part of =t is technical (do continuous code auditing, pentesting, on board proper c=ypto people, etc), the other part is legal/financial and pr. Specifically =hey should have some kind of insurance and they should have a pr disaster =ecovery plan. A big disadvantage of decentralized system is that you don&t4=93 have anybody to trust and you don't have a closed network that can=make stealing money hard, they need to address that
</=iv>
B) realistically nobody is going to attack them until they become =ignificant enough from a financial standpoint. This gives them time to wor= on A. That said they should avoid making enemies (the "disgruntled&q=ot; hacker type)
Hope this is useful, if yo= get more stuff from them I'm happy to look into it more. Also if you =o invest I can help them with (A) if needed.
It's a very dumb platitude but "security is a process" is t=ue.
Unrelated: checkout edge.org http://e=ge.org , I think you'll like it. <=iv>There's a short video with Minsky that is absolutely fantastic4,=A0
Sent from my (phone
For you alone
is it possibl= to meet with him?
Where ? with whom? .4>=A0 I will do anything that is helpful to you. / He is ve=y well respected with both black and white hat hackers
In US! If he can (you wrote only for me so I did not talk =o anyone) with me and my friend who is involved