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I think in your scenario the store owner is still at risk of being physically coerced into transferring his bitcoins to an assailant, no?
by minimax 13y ago
I think in your scenario the store owner is still at risk of being physically coerced into transferring his bitcoins to an assailant, no?
- wyager 13y agoWhich isn't really a significant risk if the store owner doesn't hang around. I mean, someone could also hold me at gunpoint and take me to the bank, which isn't a great idea. If I wanted to emulate that, I could put my wallet in a safe deposit box.
- wavefunction 13y agoThen they kidnap your family so you go to the bank yourself and withdraw the bitcoins. I think you're failing a bit in criminal imagination, which is probably not a bad thing altogether.
- ctrl_freak 13y agoHow is that any worse security than keeping money in a bank account?
- wavefunction 13y agoThat's my point. Bitcoin doesn't solve any sort of problem that isn't already solved via traditional fiat currencies.
- wyager 13y agoThey could do the same thing if I had USD in the bank.
- valleyer 13y agos/bitcoins/online banking username and password/
- vinceguidry 13y agoHow does one pull money out of an online banking account using only the credentials?
- valleyer 13y agoBy logging in and initiating a transfer?
- eurleif 13y agoYou could store the BTC on an address that requires multiple signatures.