An incredibly popular question, viewed 17000 times in its first 3 weeks, this question has even led to a new Sec.SE meta meme.
In fact, our top meta meme explains why – the First Rule of Crypto is “Don’t Roll Your Own!”
So, with that in mind, Polynomial’s answer, delivered with a liberal dose of snark, explains in simple language:
Konerak lists out some advantages of going with an existing public protocol:
Probably written by smarter people than you
Tested by a lot more people (probably some of them smarter than you) …