4 ms·
I'll bite, what do you mean?
by user837387 10y ago
I'll bite, what do you mean?
- joshontheweb 10y agoWhales (large btc owners) can become targets for hackers or even home invasions if the wrong people get wind of who you are.
- imaginenore 10y agoI think he means you have to be careful with that kind of bitcoin wealth, especially if you store your bitcoins yourself. All it takes is one criminal to find this out, and there will be all kinds of people trying to get it. It's pretty trivial to break into someone's apartment and torture you till you give up your bitcoins.
- acdha 10y agoTorture? It's possible but I'd lay long odds that in most cases a targeted phishing or malware attack would be both easier and cheaper — and far less likely to get a serious law-enforcement response. Someone being held captive for money would make the national news and the perpetrators would have a tough time heading for the nearest country without an extradition treaty; “rich guy shouldn't have clicked on that link” might not even make the local news.
- zwily 10y agoGiven his background with bitcoin, I'm guessing (hoping) he keeps his coins in a way malware can't get at them.
- acdha 10y agoGiven the number of high-profile embarrassing security failures in the bitcoin world, I would not make that assumption. Defending against a skilled attacker is hard and there aren't many targets where someone can make that kind of money with as high a likelihood of success or little personal risk.
- therein 10y agoPeople may target him if they know he has money.