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trakout

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Your comment attributes to the fact that knowing it's possible is usually enough data for HN folks to figure out what's going on.

Maybe we should somehow tag the developer? ;)

The word "mint" really takes the meaning out of the word "mine". True though, minting is part of the economics included in mining.

Usually governments mint coins, but no government (or centralized entity) currently operates a legitimate network that matches up with the same properties as bitcoin.

I might have used an asterisk, maybe? :)

Came here to mention this! Recently I spent some time evaluating snips, doing some research and looking at documentation without actually starting anything.

Decided to dive in, only to realize they blocked new console sign-ups, having been acquired by Sonos. Waste of time, I blame Sonos.

What kind of data is being sent?

Devices that need to legitimately phone home for something tend to do so by requesting servers within or close to the country they were developed in.

Imagine people getting riled up at the thought of Apple phoning home to a US-based NTP server..

#2 is way off. By definition crypto is decentralized. Currencies that currently have the highest market caps (read: most popular) also tend to be open source -- anyone can contribute, and anyone can run a node and perform PoW/PoS contributions.

There are exceptions (XRP), but for the most part your comment reflects a misunderstanding of "crypto-space".

Cryptocurrencies do go through pen tests. I think instances like these are a good analogy to how even multiple tests run by 3rd parties will only get you so far -- particularly when the "bounty" is potentially worth millions.