I was sharing my thoughts on the best possible scenario for bitcoin succeeding in the next ten years
I think the best possible scenario for bitcoin is it's severely and progressively attacked and we anticipate and adapt to survive it. The worst possible scenario is bitcoin isn't attacked, becomes ubiquitous, and is only then attacked and more people suffer a loss from it.
in conversation at a btc++ after event last night. My conversation partner was surprised by how few projects in bitcoin had bug bounties or processes for responsible disclosure (and named names that I will not name). Has was also surprised by how we didn't have a red team sponsored for the lightning network and that there aren't more projects like lnsploit being sponsored.
The concept of a red team was new to me but the utility seems high. I haven't heard this discussed much outside of "there's a 1 trillion dollar bug bounty on bitcoin" which implies bitcoin doesn't need something like a red team because real attackers are already incentivized. To me, naive as a freshly born babe on such matters, that doesn't seem like the best approach to hardening these things. It's sounds a lot like saying the best preparation for a war is being attacked by your enemy and we should just wait for that to happen.
We want well financed good guys attacking bitcoin, right? Is that a bad idea for some reason, or is it just not necessary?
Footnotes
1. Government Provision
2. Non-Profit and Charitable Provision
3. Changes to the Good or Service Being Sold
4. Market Interventions
5. Altruistic Preferences, Social Norms & Social Pressures
A truth doesn't need a shield.