Obligatory: https://www.schneier.com/crypto-gram-9812.html $300,000 isn't a whole lot more than it would cost to get n entire novel cryptosystem for a complex application built out of idiosyncratic components assessed professionally. They should just retain Riscure or Rambus to do that for them instead of the PR stunt. Previous thread about Telegram on HN, featuring Moxie Marlinspike: https://news.ycombinator.com/ite…
> They should just retain Riscure or Rambus to do that for them instead of the PR stunt.
I'd love to go back through either of the previous threads and count to see how many people were saying "well, if no one can successfully win the challenge, they can use the money for a security audit!" like they are right now.
Telegram is pretty clearly a bad player that should be avoided.