5 ms·
In the bitcoin space it’s colloquially known as the “$5 wrench attack.” All the cryptographic, air gapped security hardware doesn’t matter if someone can beat
by doomroot 5y ago
In the bitcoin space it’s colloquially known as the “$5 wrench attack.”
All the cryptographic, air gapped security hardware doesn’t matter if someone can beat the keys out of you.
- cletus 5y agoSource: https://xkcd.com/538/ https://xkcd.com/538/
- robocat 5y agoAlso perhaps a fair reason for some part of taxation. Owning millions in .*coin, and the ability to freely wander around in a first world country while not getting hit with a wrench has a whole lot of value.
- gameswithgo 5y agoIndeed, something I've tried to communicate to wealthy friends and family is that a higher tax rate,used halfway effectively, means you don't have to live in a gated community, in fear. You can roll around in your Ferrari, live where you want, and be reasonably safe.
- manigandham 5y ago> "used halfway effectively" That's usually the problem that people who pay a lot of taxes have with the taxes.
- dannyw 5y agoAnd a better economy means your stocks and business ventures will do better.
- matmatmatmat 5y agoI've heard of this security that comes from a bit of taxation phrased as "guillotine insurance".
- deleted 5y ago[deleted]
- deleted 5y ago[deleted]