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It's not too difficult to protect Bitcoins from "rubber-hose theft". The simplest solution is to keep the private key to the majority of the wealth in a bank va
by weavejester 13y ago
It's not too difficult to protect Bitcoins from "rubber-hose theft". The simplest solution is to keep the private key to the majority of the wealth in a bank vault, or several.
If Newsweek got it right, then Satoshi has a number of options for securing his wealth, assuming he still has the private keys. But if Newsweek got it wrong, there's nothing Dorian Nakamoto can really say, other than to deny the story.
Consider if Newsweek ran a story about a secretive millionaire who supposedly has millions in gold stored in his basement. If the subject of the investigation does have millions, but they are stored more sensibly, he could release a statement saying that, yes, he has gold, but its stored in banks, not in his basement. But if Newsweek are wrong, they've compromised the security of an innocent individual.