When Many Eyes Fail: Open Source Security and The Fall of The DAO
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The DAO hack of 2016 shook the cryptocurrency world, lost many people a lot of money, and resulted in a major schism in the second most popular blockchain in history (Ethereum). The code, however, was Open Source.
We’ll discuss the DAO, the nature of the hack, the fallout, and the nature of code security in an Open Source world. Relying on “many eyes” is no longer sufficient.