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> You cannot confiscate crypto like you can other assets. You're correct. In most cases it's dramatically easier to confiscate the crypto. See: the horde of pe
by stouset 4y ago
> You cannot confiscate crypto like you can other assets.
You're correct. In most cases it's dramatically easier to confiscate the crypto. See: the horde of people who've had their cryptocurrency and NFTs stolen. To say nothing of the uncountable Bitcoin billionaires who've had a hard drive crash, lost their keys, forgotten a password, etc.
- paulpauper 4y agothis is not the same as the cryptography being broken losing crypto due to hardware failure or forgetting keys is not the same as someone taking it by breaking the cryptography . If this were possible, there is tons of crypto right now for the taking. It's a self-funding bug bounty.
- polygamous_bat 4y agoYes, but being cryptographically broken is not matter, does it? First rule of computer security is any system is no more strong than its weakest link. Relevant xkcd [1]: why worry about breaking advanced cryptography when you can just socially engineer the passphrase out of people? [1] https://xkcd.com/538/ https://xkcd.com/538/
- deleted 4y ago[deleted]
- skinnymuch 4y agoWhy does that matter? People care if they do or don’t have their money. Not if their money was taken or screwed up for a whitelisted type of reason.