July 26, 2018 207By Nathan Bentley
“Here are some caveats to remember: anyone who wants to participate in the bounty program has to buy a Bitfi wallet and purchase an additional $50 of cryptocurrency credits, which will be loaded onto the device.”Moreover:
“The requirements needed to get $100,000 are simple enough: successfully extracting the coins and emptying the wallet will count as a successful hack. In addition, however, the person must provide proof that the wallet has indeed been emptied. It is difficult to imagine that anything in the world, especially with the tools available, is unhackable. In any case, it would be exciting to see whether hackers can prove both McAfee and Bitfi wrong.”You can see the full article for yourself, here. So what do we think of this? Really, nothing is unhackable, therefore someone with enough skill and patience could probably quite easily make some money out of this. It’s also probably worthwhile as it would be nice to allow McAfee to step down a peg. His feelings of ‘untouchableness’ are actually quite damaging to the industry. If not, and if he has genuinely created the world's first unhackable product then fair play to him, credit where credit is due. I guess now we need to just wait and see what happens. Is it hackable? WIll McAfee pay out the bounty? Or is this just one big publicity stunt?