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Isn't this a risk that everyone with a nice, expensive house lives with? I fail to see how it's specific to bitcoin or cryptocurrency. Neighborhoods full of man
by big-green-man 2y ago
Isn't this a risk that everyone with a nice, expensive house lives with? I fail to see how it's specific to bitcoin or cryptocurrency. Neighborhoods full of mansions are bound to have lots of expensive jewelry inside. Maybe you could say the novelty and hype around bitcoin attract pests, but generally speaking the more you have to lose the more you need to spend securing what's yours.
- nullc 2y agoA great many people who live in nice houses are extremely illiquid, they may even have a negative net worth, and their visible property all saddled with debt. Also how much are you really going to get from jewelry in a typical ritzy house after fencing overheads? Maybe a few grand? Of course, people do break into ritzy houses too... though they generally do it when no one is home. Jewellery doesn't tend to have passwords.
- big-green-man 2y agoThat's a good point, to get someone's jewelry you just need to get in their house, to get someone's bitcoin you need to get your hands on them. I suppose that makes it more dangerous, but instead of jewelry, you know someone in a really nice house is probably very valuable to someone else, ransoming them is basically the same thing.
- deleted 2y ago[deleted]
- aerique 2y agoCrypto is much easier to move around and, with some effort, convert into harder to follow cryptocurrencies. Very few people will be their own bank.