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Until now I oddly never questioned how any government could seize someone's bitcoin and how a government keeps the private keys of their crypto wallets secure.

• yieldcrv 2y ago
  a lot of known best practices were not followed in 2013. Every advancement in crypto was done after the government made a move. And all subsequent moves netted the government less. Now it takes more agencies to seize darknet markets, and most merchants and consumers get their money back because it was a multisignature transaction and the server stored nothing. Even domains have been seized back from the government. The crypto space calls it "antifragility", as in the idea - and now history - that the asset class and infrastructure improves under pressure.
  • dmix 2y ago
    > a lot of known best practices were not followed in 2013. like Secret Service and DEA agents getting immediately caught trying to steal Bitcoin from Silk Road? https://www.usatoday.com/story/news/2015/03/30/federal-agents-charged-with-stealing-bitcoin-from-silk-road-case/70672058/ https://www.usatoday.com/story/news/2015/03/30/federal-agent...
    • yieldcrv 2y ago
      Yes, like that I was referring to hot and cold wallet practices, methods for unlinking transaction activity from your KYC’d funds, and the immaturity of multi-signature at the time