people that make anti-viruses or firewalls do not make them open source as that would defeat the point. With the source, people would work out ways around it.
Well, it's hardly a measure for anti-viruses. And firewalls? What part of them are obscure?
It wont be open source, if you dont trust it, dont install it. Dont install anything ever again, why have you got an OS installed if its not open source?? have you installed anything in the past year that isnt open source?? i wouldnt trust it then if i were you.
If I run something that isn't open source, I run it as a user with few privileges. I do the same with software that isn't popular, even if it is open source, so being oss is not an automatic protection.
Have you put funds on mtgox or tradehill recently? how can you trust it without full password access to their servers and bank accounts?
You can't trust them fully, can you... You'd also need the source code for their brains. That's a whole different mechanism.
I bet 99% of you didnt check the source code for the bitcoin software anyway, let alone check the signature. I could easily post source code to a trojan and remove all the trojan bits, and no one would notice for some time.
That's not the point at all. Obviously enough people check Bitcoin sources and all commits are distinctly visible. You can't sneak in malicious code easily. If you are talking about compromised servers or MITM, that's also a different issue altogether.
I know people will still use it. Probally be a bit wary of it at first, but once it gains enough reputation more people will trust and use it.
That's true. But without knowing the internals, we have to assume that it "could be" security by obscurity, so the system could be depending on reverse engineering skills of some people. After reading how you missed the point with firewalls, etc., I'd certainly worry about that.