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“My PGP key is compromised, and at least many of my bitcoins stolen”

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Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#201

Post by [deleted] »

tmpburning wrote: post #185
samwillis wrote: post #42

Context now that the editorialised title has changed, this is a core Bitcoin developer. These things happen every day, but happening to a core developer (if confirmed!) who has a deep understanding of the systems and security indicates just how fragile crypto can be (in my opinion)

> These things happen every day, but happening to a core developer (if confirmed!) who has a deep understanding of the systems and security indicates just how fragile crypto can be (in my opinion) Because no one can create secure software yet, Bitcoin isn't 100% secure.

[deleted]

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#202

Post by tsimionescu »

lampshades wrote: post #168
tsimionescu wrote: post #55

Earlier quoted context omitted.

If the level is millions of dollars, that device could be physically stolen, or some aspect of the cryptography/auth scheme could be attacked through a 0-day. Of course, it's also possible he just wanted something closer to the convenience of a bank account/credit card instead of a pile of cash and failed in the opsec.

That’s why you don’t store millions of dollars in your physical location. You break up the seed and disperse it among several bank lock boxes. (See https://en.m.wikipedia.org/wiki/Shamir's_Secret_Sharing) . Keep a small amount in a hot wallet for convenience and a larger amount (but not too large) in a cold wallet accessed via hardware. But the bulk shouldn’t be accessible without breaking into at least two lock vaul…

Why just two lock vaults and not some army bunkers, together with the nuclear codes preferably?

At some point this level of care becomes more than absurd.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#203

Post by bhaak »

torben-friis wrote: post #197
lizknope wrote: post #187

I needed a good laugh to start off the new year! Couldn't have happened to a more awful person. https://www.reddit.com/r/Buttcoin/comments/4936kw/lukejr_is_...

Jesus. Why is it that people with this level of crazy keep appearing at the top of important tech projects??

My guess is that he makes the other developers look sane in comparison.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#204

Post by mikojan »

SkyMarshal wrote: post #106
samwillis wrote: post #42

Context now that the editorialised title has changed, this is a core Bitcoin developer. These things happen every day, but happening to a core developer (if confirmed!) who has a deep understanding of the systems and security indicates just how fragile crypto can be (in my opinion)

Looks like possibly a supply chain attack targeted specifically at Luke Jr's server: https://twitter.com/naka_frodo/status/1609655813789949959/ph...

I do not understand any of this.

1. Was he storing important secrets on a random server somewhere? A PGP key? Why?

2. Before this went down, he noticed someone broke in TWICE and he didn't shut down the server? What was the rationale? Security wise, is there something preventing you from downloading what is important to you and wiping the whole thing?

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#205

Post by from »

jwie wrote: post #186

It’s unfortunate. Though what do you expect when possession is ownership and there’s no mediating institution to help you with theft. If your brokerage account somehow gets hacked and all your funds gets stolen that’s not an unsolvable problem. You’ll likely get made whole after a while. There’s people, institutions, and laws to help you. Store digital cash in your mattress and someone will steal it, and no one will…

It may come as a surprise you to that the recovery rate for BEC incidents that are not immediately detected is very low and that victims often spend years suing their banks for faulty fraud protection in court for either only a partial settlement or nothing in return.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#206

Post by lizknope »

torben-friis wrote: post #197
lizknope wrote: post #187

I needed a good laugh to start off the new year! Couldn't have happened to a more awful person. https://www.reddit.com/r/Buttcoin/comments/4936kw/lukejr_is_...

Jesus. Why is it that people with this level of crazy keep appearing at the top of important tech projects??

That thread I linked to is 6 years old. The people in charge of the Bitcoin software know this and keep him on the project. To me that says a lot about the core Bitcoin people.

Maybe Ethereum people are better? Let's see what Vitaly thinks about child pornography.

https://www.reddit.com/r/Buttcoin/comments/v0n5d5/vitalik_bu...

I'll proudly go on record saying that I think 99% of crypto related things are scams, money laundering, or for illegal activities including sanctions evasions, but the people at the top are pretty disgusting.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#207

Post by staunch »

azinman2 wrote: post #173
staunch wrote: post #159

Earlier quoted context omitted.

> ...a black ops funding scheme... More specifically, a scheme to enable transferring funds in/out of foreign countries to securely bribe informants and supply agents with money. It's the logical companion to Tor, which was created by the U.S. government to facilitate secure information transfer in/out of foreign countries. But when they created Bitcoin, they decided to make it anonymous after the mistake of doing To…

Bitcoin isn’t anonymous. The transfers of coins are there permanently for all to see.

Yes, the ledger is public, but good luck identifying which transfers are bribes paid to informants within your government. This is same problem any foreign government would have.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#208

Post by this_user »

MonkeyMalarky wrote: post #144
Phlarp wrote: post #140

Earlier quoted context omitted.

[flagged]

NSA intern 20% project? Lmao

Well, who would love to have a decentralised payment system that will inevitably attract criminal activity, but also makes every transaction public information?

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#209

Post by m-richthoven »

TylerE wrote: post #139
paulpauper wrote: post #100

Earlier quoted context omitted.

Experts make mistakes all the time, fail to see hidden risks, like Challenger explosion. This will never see mainstream adoption at this rate. If the hacker is smarter, being smart is not good enough.

The experts told NASA not to launch, and exactly why, and were right. Management chose not to listen.

[flagged]

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#210

Post by m-richthoven »

paulpauper wrote: post #121
nkrisc wrote: post #104

Earlier quoted context omitted.

So? Just proves how difficult it is to make rockets that never explode. Are you saying that a non-expert would have more success?

re-read. experts make mistakes too

[flagged]
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