3 ms·
Yes it's a great example of how not using those systems leads to problems. "Not your keys, not your coins" is an old cryptocurrency motto. Would-be critics of
by yarrel 7y ago
Yes it's a great example of how not using those systems leads to problems.
"Not your keys, not your coins" is an old cryptocurrency motto. Would-be critics of cryptocurrency seem to be slowly rediscovering it.
- perl4ever 7y agoThe very first paragraph of the section on Quadriga is about that: "For a while Bitcoin people got really into putting their Bitcoins in “cold storage” on hardware wallets disconnected from the internet, etching the private keys for the wallets on metal plates, and burying the plates in their backyards. Because Bitcoin was the future of money, see, and the future of money is burying metal in your backyard." You don't of course need crypto to bury precious metal in a secret spot. You could call it "security through obscurity"...