11–20 of 142 posts
Earlier quoted context omitted.
Exactly. For large amounts, keep the hardware wallet in a safe deposit box, not in your house.
Or you can use the strengths of cryptocurrency and split a key between a safe deposit box, your home, and yourself, and require 2 of 3 of them to get the original key.
A few more stories like this and governments (militaries) will be "activated"... both physical and digital, if they haven't been already.
Earlier quoted context omitted.
Or you can use the strengths of cryptocurrency and split a key between a safe deposit box, your home, and yourself, and require 2 of 3 of them to get the original key.
That's a neat idea. Do you mind expanding on it?
Earlier quoted context omitted.
Or you can use the strengths of cryptocurrency and split a key between a safe deposit box, your home, and yourself, and require 2 of 3 of them to get the original key.
That's a neat idea. Do you mind expanding on it?
Earlier quoted context omitted.
Or you can use the strengths of cryptocurrency and split a key between a safe deposit box, your home, and yourself, and require 2 of 3 of them to get the original key.
That's a neat idea. Do you mind expanding on it?
Mathematical basis for Bitcoin still compromised by "rubber hose" cryptanalysis. Let this be a reminder that physical security is a necessary precursor to computer security. And I also hope that Exmo's succession plan executor takes the precaution of staying up late tonight to move all their reserves to new wallets.
That will be a brutal task, knowing that doing it ensures your colleague will get tortured and be unable to stop the torture by giving up the bitcoins. Still, probably for the best.
If the whole idea of a kneecap-breaking plot fails because transferring the funds requires multiple signers then they arent going to break kneecaps
Earlier quoted context omitted.
That's a neat idea. Do you mind expanding on it?
Shamir's Secret Sharing allows this even without dealing with multisig wallets.
2 of 2, 3 of 5, 7 of 10, etc...
[1] https://cointelegraph.com/news/ukraine-security-service-alle...
Mathematical basis for Bitcoin still compromised by "rubber hose" cryptanalysis. Let this be a reminder that physical security is a necessary precursor to computer security. And I also hope that Exmo's succession plan executor takes the precaution of staying up late tonight to move all their reserves to new wallets.