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One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

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Re: One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

#101

Post by sneak »

Alex3917 wrote: post #64
dheera wrote: post #37

Earlier quoted context omitted.

I suppose. But that means I must find an attorney first. What do they cost, like $900 an hour? ... I think that's part of what I'm trying to replace by technical means.

> I think that's part of what I'm trying to replace by technical means. Just use something like Dashlane. People can report you dead, and then you have up until your specified waiting period to mark yourself as not actually dead. If Dashlane goes out of business you'd need a new provider, but as long as you don't die within a month or so of your password manager then you're set. Much better than writing your own.

This means Dashlane themselves (or anyone who hacks them) can read all of your data, too.

Also, you're almost certainly going to outlive Dashlane.

Re: One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

#102

Post by sneak »

dheera wrote: post #74
sneak wrote: post #46

Earlier quoted context omitted.

If you have enough cryptocurrency to worry about distributing upon your death, you have enough money to hire an attorney. (PS: they aren't $900/hour.)

Okay, I suppose I don't have that much crypto to worry about. I was thinking more along the lines of releasing controls to my websites I control, private repos, notebooks full of ideas, AWS keys, etc.

This may sound harsh, but after you're dead, it's unlikely that anyone else will care about any of those things.

Re: One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

#103

Post by s5300 »

pennaMan wrote: post #53
lmilcin wrote: post #16

Earlier quoted context omitted.

It may be the way I was brought up, but, you know, the guy is dead. He can't defend himself. Especially from nameless attackers. Just leave him alone.

Strange, on the McAfee thread people where bathing in hate for the guy and I kinda respected his crazy life. This guy, being my conational that I never heard of, I got into a bit of digging and discovered a really creepy couple of blogs of women with CS PhDs that talk about him like some kind of cult leader and at the same time apparently the man regularly had 4chan level public discourse. What's up with that? Does a…

Yeah, I'm going to get downvoted to shit for this and maybe even banned.

This dude was pure human scum. Straight up shit of the Earth.

McAfee was actually a pretty fun eccentric to watch & wasn't an utterly terrible person by any real measure of the meaning.

Re: One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

#104

Post by s5300 »

Here is the easiest way to view his blog as the site seems to currently be hugged to death or otherwise down

https://web.archive.org/web/20210424030258/http://trilema.co...

If you're an incel, I wouldn't recommend going into it if you didn't already follow the guy. You may only become more radicalized, lol.

Re: One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

#105

Post by xkjkls »

DennisP wrote: post #85
xkjkls wrote: post #71

Earlier quoted context omitted.

Even with that, who do you trust to actually do any real transfer of your bitcoin in a fully secure way? Certainly not your lawyer, legal offices carry so many security problems. With a total of $1 billion at stake, there are some very real risks of attack.

I'd educate the people who will get the money. They get access to the safe deposits, and issue the transactions. With a multisig, there's no single point of failure, and with hardware wallets there's little risk of getting hacked.

Maybe I'm just not aware of all of the Opsec things that have been done to make Bitcoin transfer stupid simple, but I have instant goosebumps anytime someone claims they can do something in an operationally secure way, especially when 10 figures of currency are involved. At that point, you need to be training your protocol to be secure enough to survive the team from Ocean's 11 or the Russian government, not just script kiddies with too much time on their hands.

Re: One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

#106

Post by csomar »

enkid wrote: post #70
anonporridge wrote: post #6

Earlier quoted context omitted.

If he didn't have a backup plan in place to be accessible by his estate, then yes, the coins are dead. The coins dying with him are actually the best case scenario for all other holders. "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone." - Satoshi Nakamoto

Unless this alerts people to the risk of losing a private key and they decide owning Bitcoin isn't a great place to store wealth.

I mean many people have been moaning about a wealth tax. This is similar to a 100% tax on wealth with automatic airdrops.

Re: One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

#107

Post by Scaevolus »

jayd16 wrote: post #91
anonporridge wrote: post #6

Earlier quoted context omitted.

If he didn't have a backup plan in place to be accessible by his estate, then yes, the coins are dead. The coins dying with him are actually the best case scenario for all other holders. "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone." - Satoshi Nakamoto

If everyone's net worth goes up, it's about the same as no change at all.

Every _bitcoin holder_, it's not like a country experiencing deflation.

Re: One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

#108

Post by enkid »

anonporridge wrote: post #81
enkid wrote: post #70

Earlier quoted context omitted.

Unless this alerts people to the risk of losing a private key and they decide owning Bitcoin isn't a great place to store wealth.

Unless they then do the most minimal amount of research and realize that unlike any other store of wealth, they can redundantly back it up in multiple locations. You can even split up your key in an M of N format so that a) no single compromised location causes loss, and b) some number of storage locations can be lost without losing your key. Can you do that with gold? Land? Art? Cash? Bonds? Stocks? All of these rel…

I'm not saying it's not possible to back up the key, I'm saying if a billion dollars disappear overnight because one person was stupid, we don't know the way people would react to that. May be they would value Bitcoin more or maybe they would value it less. It's not apparent less supply equals more demand in this specific case.

Re: One of the largest owners of Bitcoin, reportedly held over 1B dead at 41

#110

Post by [deleted] »

lmilcin wrote: post #94
pennaMan wrote: post #87

Earlier quoted context omitted.

so we'll just sweep the CS PhDs sex(?)(sex prose?) cult under the rug because grandparent wanted anonymity and was a bit harsh in expressing reality? What should be brought up is why does GP have such strong feelings towards the guy? And why does he have this strange following? http://web.archive.org/web/20200922180636if_/http://trilema.... http://ossasepia.com/2021/06/24/severed

No, we will sweep it because insulting dead is not strictly within HN guidelines. There are better places if your aim is to just insult other people, alive or dead.

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