<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Wednesday, February 3, 2016 6:08 PM</td></tr><tr><td>To:</td><td>Svet</td></tr><tr><td>Subject:</td><td>Fwd:</td></tr></table>

Forwarded messag=

From: Сер =ВЗей Беляков On Wed, Feb 3, 2016 at 7:06 AM, Серг =B5й Беляков <=a
href=":  get="_blank">:  rote:

is it poss=ble to meet with him?

2016-01-30 17:08 GMT+03:00 jeffrey E. <jeevacation@gmail.co=>:

For you alone
<=r>---------- Forwarded message ----------
From: Vincenzo lozzo &=
Date: Saturday, 30 January 2016
Subject:
To: "jef=rey E." <jeevacation@gmail.com <mailto:jeevacation@gmail.com> >

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

1) the devi= is in the details, meaning that even if in theory it's all solid the =mplementation might have bugs. There's no definitive technical solutio= for that though

2) anything that is "=ustom" (eg: they have a custom wifi protocol) is a red flag because i= 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

8) 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@gmail.com> wrote=

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

=AO please note

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rights reserved

=C2 please note

The information containe= 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@g=ail.com <mailtojeevacation@gmail.com> , and destroy this communication and all copies thereof, =ncluding all attachments. copyright -all rights reserved

С уважен=D0 ем,
С.Беляков

## =C2 please note

The informat=on contained in this communication is confidential, may be attorney-cli=nt privileged, may constitute inside information, and is intended only =or the use of the addressee. It is the property of JEE

Unauthoriz=d use, disclosure or copying of this communication or any part thereof =s strictly prohibited and may be unlawful. If you have received this

return e-mail o= by e-mail to j=evacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies =hereof, including all attachments. copyright -all rights reserved

<signature> С у=D0 ажением,

С.Беляков

## =C2 please note (cont.)

## please note

=he information contained in this communication is confidential, may be =ttorney-client privileged, may constitute inside information, and is in=ended only for the use of the addressee. It is the property of JEEUnauthorized use, disclosure or copying of this communication or any p=rt thereof is strictly prohibited and may be unlawful. If you have rece=ved this communication in error, please notify us immediately by ret=rn e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication an= all copies thereof, including all attachments. copyright -all rights r=served