<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Saturday, January 30, 2016 2:08 PM</td></tr><tr><td>To:</td><td>Беляков Сергей</td></tr><tr><td>Subject:</td><td>Fwd:</td></tr></table>

For you alone

---------- Forwarded message ------=---
From: Vincenzo Iozzo <██████████████████████████████████████████████████████>
Date: Saturday, 30 January 2016
Subject=
To: "jeffrey E." <jeevacation@gmail.com <mailto:jeevacation@gmail.co=> >

It's=hard to tell w/o proper code/documentation (couldn't find much online)= In general the four things are:

1) the dev=l is in the details, meaning that even if in theory it's all solid the=implementation might have bugs. There's no definitive technical soluti=n for that though

2) anything that is "=custom" (eg: they have a custom wifi protocol) is a red flag because =t means that it hasn't been properly vetted and might be broken/buggy=C2*

3) there aren't enough details online t= tell but it seems to me that to speed up the blockchain verification they=partially centralize the network by using their own "supernodes"=(essentially the wallets talk to the supernodes vs the actual blockchain).=The security of those servers seems key to me and they gloss over it onlin=

4) the mesh network implementation is completely=up in the air (judging from what's public) and it could go horribly wr=ng. So that needs further verification

Also=(5), in general the disadvantage of distributed /open things is that it is=a lot easier to steal money vs a closed network (like swift).

Are you looking to invest into this thing? If so , I'=d suggest a few things:

A) because problem =1) above is not completely solvable, they need to have a plan. Part =f it is technical (do continuous code auditing, pentesting, on board prope= crypto people, etc), the other part is legal/financial and pr. Specifical=y they should have some kind of insurance and they should have a pr disast=r recovery plan. A big disadvantage of decentralized system is that you do='t have anybody to trust and you don't have a closed network that =an make stealing money hard, they need to address that

B) realistically nobody is going to attack them until they beco=e significant enough from a financial standpoint. This gives them time to =ork on A. That said they should avoid making enemies (the "disgruntle=" hacker type)

Hope this is useful, if=you get more stuff from them I'm happy to look into it more. Also if y=u do invest I can help them with (A) if needed.

=div>It's a very dumb platitude but "security is a process" i= true.

Unrelated: checkout edge.org <http:=/edge.org> , I think you'll like it. There's a short video with Minsky that is absolutely fantastic=C2*

Sent from my (phone

On Ja= 30, 2016, at 11:26, jeffrey E. <jeevacation@g=ail.com <javascript:_e("%7B%7D",'c=ml','jeevacation@gmail.com');> wrote:

(https://mycelium.com/phone/index.html). what are=its weak points?

=C2

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The information co=tained in this communication is confidential, may be attorney-client pr=vileged, may constitute inside information, and is intended only for

JEE

Unauthorized use= disclosure or copying of this communication or any part thereof is str=ctly prohibited and may be unlawful. If you have received this commu=ication in error, please notify us immediately by return e-mail or by e=mail to jeevacation@gmail.com <javascript:_e(%78%7D;cvmlijeevacation@grnall.comi);>

, and

destroy=this communication and all copies thereof, including all attachments. c=pyright -all rights reserved

=C2

please note

The information container" in this communication is confidential, may be attorney-client privileg=d, may constitute inside information, and is intended only for the u=e of the addressee. It is the property of JEE

Unauthorized use, disc=osure or copying of this communication or any part thereof is strictly =rohibited and may be unlawful. If you have received this communicati=n in error, please notify us immediately by return e-mail or by e-mail =o jeevacation@grail.com <mailtoleevacation@gmail.com> , and destroy this communication and all copies thereof, =ncluding all attachments. copyright -all rights reserved