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Without meaning to put a damper on your technical work, you should keep in mind a few things:

-- systems that work with money are attacked hard and often, by intelligent skilled people

-- in fact some of the people who attack your system are likely to be both more skilled and more intelligent than you are

-- systems that work with money that fail, fail spectacularly ("What do you mean someone withdrew $8 million last night?")

-- banking websites, Paypal, etc. are all like icebergs - you don't see 9/10ths of the things they've done to prevent spectacular failure

-- spectacular failure is your destiny if you don't work very hard to prevent it

-- spectacular failure may be your destiny even if you do work very hard to prevent it

You should plan accordingly.




Thank you for your feedback!

Yes, I have to admit that during testing, I have spotted several errors and these may cause financial losses. Because of this, I have even deleted some features which many people consider useful (such as BTC deposit/withdrawal).

Security is a key concern for a financial system. I totally agree with your point.

The Bitcoin market is filled with exactly highly intelligent people. I will definitely pay attention to every single detail.

(If you see any bugs please email me. I will definitely appreciate that!)


Doing your best probably isn't enough. To have any hope you'll have to hire expensive security people and buy lots of insurance.

All you need in order to be exploited is to be using software with 0day exploits. Many known exploits are not public. In a very real sense, you are only protected to the extent that you are a small target.

As the potential payoff of a hacker approaches $1 million, the likelihood of being hacked approaches 90%. Software really is THAT insecure and bitcoin thefts are not prosecuted making it basically risk-free to steal bitcoins.




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