Comment by minraws
2 months ago
Coinbase not a startup built by recent graduates...
You overestimate Coinbase's engineering rigor.
But yes security in modern software systems is a joke. I don't even get paid to fix security bugs everytime I raise them the answer is to slap a sandbox and proxy and call it done.
Yep, about 10 years ago, the security of most major systems was relatively robust; I could not have hacked them. The people who worked there knew much more than I did and they didn't leave many gaps.
Now I could hack essentially any system I want. At least DoS or crash them for sure, with minimal computing on my end. They're much more complex than they used to be. Security-through-obscurity used to be a no-no and sometime in the last 10 years it became the main security paradigm.