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by FedRegister 4466 days ago
There's not much to publish. If you can't view the source, and it doesn't run on your computer, and you can't easily migrate from one to another then you can't trust it and shouldn't use it.
1 comments

Hear, hear! I agree.

For context, I'm implementing a compute exchange: https://www.stackmonkey.com/ - whitepaper: https://github.com/StackMonkey/xovio-pool/blob/master/whitep...

While I'm not implementing a crypto currency exchange, I will still have to disburse float based funds over short periods of time. As the site code will be responsible for this, there exists a hypothetical opportunity for a bad agent to break in and siphon off those funds. I'm toying around with making it impossible to withdraw funds once they are deposited by a user. If funds were limited to penny value drips to keep instances running, the site could be made aware of larger transfers of value out of given addresses. If that was noticed by the system, another secret system could 'pull the plug' on the API tokens for the Coinbase API. I'll need Coinbase to implement token revokes in their API...

Better, if the code is Open Source, I can have more eyeballs on it to prevent such an eventuality. You can review my code here: https://github.com/StackMonkey. The pool controller is the one which will need to be closely scrutinized. The appliance can only watch incoming payments, so it's not really that venerable. I choose to make all this code Open Source because it will be in charge of customer funds and, more importantly, the infrastructure of the Internet.

Moving forward, I don't think it's a good idea to use anything hooked up to your Bitcoin float that isn't Open. Still, it's a choice people can make freely, even if it's a poor one. Education matters.