4 ms·
This is bullshit, exchanges with the most rudimentary technology will not keep their funds under a single private key held by one single person at all times. Mu
by knocte 9y ago
This is bullshit, exchanges with the most rudimentary technology will not keep their funds under a single private key held by one single person at all times. Multi-sig exists.
- mschuster91 9y ago> Multi-sig exists. Multi-sig does not prevent anyone from kidnapping me and distributing a video "sign us all your btc funds or this dude is going to get tortured".
- knocte 9y agoWell sure, but the executives of the exchange signing that transaction would actually be a violation of the law, because they are custodians of their customers' funds and not all customers may agree in saving their executive.