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Totally agree. All this bitcoin wallet stuff that's protected by a key is more safe than cash in the ground. When somebody hits you in the head and asks for you

Totally agree. All this bitcoin wallet stuff that's protected by a key is more safe than cash in the ground. When somebody hits you in the head and asks for your encryption key you gonna give it.

alchemist1e9 4y ago
But which key is the question isn’t it? why do you assume attacker can know which wallet or address is yours.
- ejb999 4y ago
  because you will tell them while they are hitting you in the head with a wrench.
  - notch898a 4y ago
    Why would I have any reason to believe they'd stop after I told them the truth? Read Gulag Archipelago describing tortures by the Soviet regime. When these entities don't know how much information you have, they just beat and beat until they're satisfied it's enough beating that they expect they got the answers. If you tell them everything they keep beating because they think there is more; if you don't tell them everything they keep beating because they think there is more. If they don't know what information you have, whether or not you told all of what you know doesn't have much bearing on how the wrenching goes. If you find yourself getting beat with a wrench and unable to fight back, you're going to have to accept the beating in and of itself, and accept the fraction of the full truth you tell them has little correlation to what kind of beating you're going to get.
    - NikkiA 4y ago
      Right now, in the warm state of being able to think calmly about the situation, you'd have absolutely no reason to think they'd stop hitting you with the wrench once you've given in to their demands. However, in the time itself, your brain would go into it's 'survival mode' and logically tell itself that if you give in to their demands, they'll possibly let you live. Being able to override that preset state of mind is very hard to do, and why hostage-type situations work; whether you or a loved one is the hostage in question.
    - lultimouomo 4y ago
      > Why would I have any reason to believe they'd stop after I told them the truth? They'll probably keep hitting you if you talk. The will surely do it if you stay silent. What use is your crypto once you’re dead?
      - alchemist1e9 4y ago
        Let’s actually try to grow up a bit. All these comments are basically written by Nocoiners who hate crypto. In the real world there isn’t any issue like this, because not sure you guys are aware but anyone sophisticated will be using multisig setups for large crypto holdings.
        alchemist1e9 4y ago
        Also nobody seems to have heard of distress codes. It’s standard in home alarm systems to allow a code which disables the alarm but secretly sends a hostage alarm to authorities. Crypto multisigs will eventually have such setups. This idea that violence will be a more profitable approach when people adopt private currency is simply silly.
        pixl97 4y ago
        Being that an absolute crapload of violence for very small amounts of money happens every single day I'd really like to know what planet you've been on. When someone walks up and points a glock in your face and asks for the pin of your debit card people tend to give it up rather than risk an extra hole in their face.
        alchemist1e9 4y ago
        All I’m saying is that nothing about crypto will increase that violence. If anything it will decrease it. Bank debit cards don’t have decoy designs or distress codes. Programable private money with heavy competition will bring solutions to this problem not make it worse. The idea that crypto currency is flawed and violence will be used by criminals to seize wallets is absurd and that the existing legacy financial system has better solutions! seriously what world are these commentators living in.

Totally agree. All this bitcoin wallet stuff that's protected by a key is more safe than cash in the ground. When somebody hits you in the head and asks for your encryption key you gonna give it.

alchemist1e9 4y ago

But which key is the question isn’t it? why do you assume attacker can know which wallet or address is yours.

ejb999 4y ago
because you will tell them while they are hitting you in the head with a wrench.
- notch898a 4y ago
  Why would I have any reason to believe they'd stop after I told them the truth? Read Gulag Archipelago describing tortures by the Soviet regime. When these entities don't know how much information you have, they just beat and beat until they're satisfied it's enough beating that they expect they got the answers. If you tell them everything they keep beating because they think there is more; if you don't tell them everything they keep beating because they think there is more. If they don't know what information you have, whether or not you told all of what you know doesn't have much bearing on how the wrenching goes. If you find yourself getting beat with a wrench and unable to fight back, you're going to have to accept the beating in and of itself, and accept the fraction of the full truth you tell them has little correlation to what kind of beating you're going to get.
  - NikkiA 4y ago
    Right now, in the warm state of being able to think calmly about the situation, you'd have absolutely no reason to think they'd stop hitting you with the wrench once you've given in to their demands. However, in the time itself, your brain would go into it's 'survival mode' and logically tell itself that if you give in to their demands, they'll possibly let you live. Being able to override that preset state of mind is very hard to do, and why hostage-type situations work; whether you or a loved one is the hostage in question.
  - lultimouomo 4y ago
    > Why would I have any reason to believe they'd stop after I told them the truth? They'll probably keep hitting you if you talk. The will surely do it if you stay silent. What use is your crypto once you’re dead?
    - alchemist1e9 4y ago
      Let’s actually try to grow up a bit. All these comments are basically written by Nocoiners who hate crypto. In the real world there isn’t any issue like this, because not sure you guys are aware but anyone sophisticated will be using multisig setups for large crypto holdings.
      - alchemist1e9 4y ago
        Also nobody seems to have heard of distress codes. It’s standard in home alarm systems to allow a code which disables the alarm but secretly sends a hostage alarm to authorities. Crypto multisigs will eventually have such setups. This idea that violence will be a more profitable approach when people adopt private currency is simply silly.
        pixl97 4y ago
        Being that an absolute crapload of violence for very small amounts of money happens every single day I'd really like to know what planet you've been on. When someone walks up and points a glock in your face and asks for the pin of your debit card people tend to give it up rather than risk an extra hole in their face.
        alchemist1e9 4y ago
        All I’m saying is that nothing about crypto will increase that violence. If anything it will decrease it. Bank debit cards don’t have decoy designs or distress codes. Programable private money with heavy competition will bring solutions to this problem not make it worse. The idea that crypto currency is flawed and violence will be used by criminals to seize wallets is absurd and that the existing legacy financial system has better solutions! seriously what world are these commentators living in.