4 ms·
> thieves can break into my house steal and crack my safe or hold me at knifepoint and ask me to open it. you: "sorry, i have a multi-sign wallet and the other
by instagraham 5y ago
> thieves can break into my house steal and crack my safe or hold me at knifepoint and ask me to open it.
you: "sorry, i have a multi-sign wallet and the other signatory lives at the other end of the world"
thieves: understandable, have a nice day
- shadowgovt 5y agoActual thieves: "Cool. We're going to kidnap you and beat you until your other signatory coughs up access."
- ttfkam 5y ago+1 Something something xkcd $5 wrench
- njarboe 5y agoMany people are very rich and don't own crypto. You can kidnap them also and do the same thing. This is common in many parts of the world. The US used to have this problem also and got it under control by the state focusing on capturing kidnappers and putting them in jail. Crypto does make the transfer of anonymous money a bit easier, but so does motor vehicles.
- pjc50 5y agothieves: it's fine, you can ring them and explain the situation as we remove your fingernails (This technique has been used in real bank robberies; both of the people required to open Northern Bank had their families taken hostage https://www.theguardian.com/uk/2008/oct/09/northernbankrobbery.background https://www.theguardian.com/uk/2008/oct/09/northernbankrobbe... , and that was for a mere £28m in easily traceable physical money!)