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Imagine if we really did tokenization of assets? This type of fraud would be much easier (steal password vs months long identity theft), and impossible to rever
by scosman 5y ago
Imagine if we really did tokenization of assets? This type of fraud would be much easier (steal password vs months long identity theft), and impossible to reverse.
- nootropicat 5y agoEasier? It would become borderline impossible. How exactly do you steal the seed for a hardware wallet? How do you even know where it's stored?
- iso1631 5y agoYou steal the wallet, you own the house. You lose the wallet, you no longer own the house.
- nootropicat 5y agoThe wallet has a pin code and it erases itself after 3 failed attempts. It would be a great improvement in security.
- pas 5y agoSo what happens when the owner wants to sell it, but forgets the PIN?
- nootropicat 5y agoHe recovers the wallet from a seed stored in safe place.
- iso1631 5y agoAnd how does he prove he's the owner to get into that safe space?