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Pragmatically I agree with you. But in GPs defense, I don’t believe these were multisig wallets with geographically distributed individuals in control. It was
by alexeldeib 4y ago
Pragmatically I agree with you.
But in GPs defense, I don’t believe these were multisig wallets with geographically distributed individuals in control. It was 1/1.
Nonetheless, a metal pipe is a good counter to crypto.
- justinator 4y agoI fear if Bad Guys want money and you tell them something like, "you can't get it, it's on multisig wallets with geographically distributed individuals in control", that's still a You problem and you've only bought yourself a little time before they come back to collect, and/or break your legs if they can't collect. I may have to file this one under, "everyone wants to be a gangster until it's time to do gangster things"
- Semaphor 4y agoAt that point you are at "People want money you don't have and are willing to break your legs". No relation to crypto or even who you are anymore.
- justinator 4y agoUnfortunately, if you owe bad guys money, they'll want it, no matter the excuse you give them. >No relation to crypto or even who you are anymore. The relation with crypto is that crypto doesn't solve this problem either.
- Semaphor 4y agoIt solves the problem, that the money is protected (in the same way that I assume something like "manual multisig", which I assume exists, solves the problem in traditional banking). Nothing can solve the problem of protecting you from "bad men" who want to hurt you and don’t care about anything else.