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The potential value-density of crypto is unmatched, but I'm not sure it is "easy" to store in a manner like that. If another resident of Zhong's household had
by ISL 4y ago
The potential value-density of crypto is unmatched, but I'm not sure it is "easy" to store in a manner like that.
If another resident of Zhong's household had discarded the popcorn tin, he could have been out $1B. It's is difficult, but not impossible (see fat-finger transactions) to do that with other asset classes.
- duxup 4y agoAgreed, the risks here are pretty high. Even just some catastrophic disk failure.
- zmaurelius 4y agoHolding a large amount of cryptocurrency without multiple backups spread around various geographical locations is foolish. So ultimately to store cryptocurrency securely, its never actually easy when you get down to the nuts and bolts of it.
- ilyt 4y agoSteganography might've been interesting way to deal with it, make big QR code with credentials to 1M wallet and hide 1B wallet info as steganography in that picture
- Scoundreller 4y agoWho said he didn’t have any other backups elsewhere? Impossible to prove he didn’t have his private keys backed up elsewhere.
- int_19h 4y ago"There's always money in the banana stand!"