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Oh no, your attacker will point a Desert Eagle at your head and you will unlock all your wallets. After the money is transferred you won't be able to recover it
by notyourday 9y ago
Oh no, your attacker will point a Desert Eagle at your head and you will unlock all your wallets. After the money is transferred you won't be able to recover it.
The reason why currency in current form is so interesting is that it is not easy to move massive amounts currency into a form that can be easily consumed. Even uncut diamonds is a small market so in event crime happens the proceeds of crime will likely be recovered given determined tracking party (i.e. nation state) and returned to the victim of the crime. This, essentially, is the single most important part of the non-crypto currency UX.
I can provide you with an example another extremely popular ( much more popular than BitCon ) currency that does not have such UX - it is cocaine. I think we all can agree its main UX property is violence.
- DennisP 9y agoThe attacker would need to spend significant time on that. It'd work in a home invasion, but street muggings are over fast. And again, safe deposit box for large amounts, spendable money in the portable. With a simple smart contract you don't even need to go to the bank to refresh small amounts every few days.