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>could still prove to the registrar Sure and if he had a multisig wallet he would still have his coins. The equivalency is that he did none of these things.
by plebianRube 5y ago
>could still prove to the registrar
Sure and if he had a multisig wallet he would still have his coins.
The equivalency is that he did none of these things.
- astoor 5y agoFailing to take additional steps before a loss is conceptually very different from being able to take additional steps after a loss. You might as well list a whole bunch of additional things he could have done before throwing away the hard drive, e.g. having a recovery phrase split over multiple pieces of paper each stored in different bank vaults (like the Winkelvii), or simply keeping a back-up of the hard drive contents. If you lose the PIN to access your bank account, your bank would never say something like "sorry, can't help, you should have done X, Y or Z before you lost your PIN, but never mind [to quote Satoshi from the article] Lost coins only make everyone else's coins worth slightly more."
- plebianRube 5y agoAll of your examples do is show the steps the present banking system has taken before a loss, to aid recovery in the future, after a loss. Planning ahead is rewarded in life, what can I say.