Great way to test security make it into a bounty game

Yeah this format looks really fun! Although I wonder if someone could come up with a better way for rate limiting without the whole "exponentially increasing price" thing.

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mandmandam 2 years ago | parent | next [-]

Exponentially decaying price? Linear with a cap?

In any case, $450 per attempt seems genuinely exploitative; similar principle to a dollar auction imo. "Oh no, my last 5 attempts cost me over $2k! Welp, better commit and make my money back..."

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Brybry 2 years ago | parent | prev [-]

That part makes it look more like a way to scam people out of money via what is effectively a casino game, since the creator gets a % cut of the pool.

And if they're really scummy they pre-gamed the whole thing and when the pool got large enough they submitted a known winning response.

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williamdclt 2 years ago | parent | next [-]

I don't think it's a scam, all rules (including creator cut) seem clear from the start. People know what they're in for, they're not being tricked in any way.

Unless as you say the creator wins the pot themselves

	▲	mandmandam 2 years ago \| parent [-]
		Just because the rules are "clear", doesn't mean there isn't an element of scam. For example: https://en.wikipedia.org/wiki/Dollar_auction The Monty Hall problem has very simple rules, yet most people don't fully understand what's happening. That one even fools many professional mathematicians. Even a spin machine in a casino has clear rules, with the house cut printed in large letters on the side. It's still a scam, carefully engineered to take advantage of every mental vulnerability that it can.

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sunaookami 2 years ago | parent | prev [-]

Crypto? A scam? No way!