They could do that: Pay $300k for professionals to maybe or maybe not find somet... | Hacker News

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Tehnix on Nov 4, 2014 | parent | context | favorite | on: $300k for Cracking Telegram Encryption

They could do that: Pay $300k for professionals to maybe or maybe not find something, and get limited PR

Or, what they do now: Get good PR and if someone manages to win the competition, it means they found flaws which the pros would, hopefully, also have found. If no one wins, they can then use the $300k to get pros on it. Win-win if you ask me.

owenmarshall on Nov 4, 2014 [–]

> Win-win if you ask me.

For the company, maybe.

If you're a user of their half-baked crypto you're playing a high stakes game with a partner that isn't actually interested in keeping you safe.

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