Earlier quoted context omitted.
>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) Based on the other comments in this thread it looks like he didn't bother using a hardware wallet (which is literally something that's recommended on bitcoin.org[1]), and kept his wallet.dat on a server exposed to the intern…
So you’re saying that to use crypto properly, I have to secure a physical object that grants irrevocable ownership of my wealth? That sounds bad. Is there a way I can get my crypto held my an institution with SIPC insurance, the way I hold stocks at a brokerage, so I can outsource this issue to someone else who is backed by a government guarantee? (I obviously don’t expect them to guarantee the value of the crypto, j…
“My PGP key is compromised, and at least many of my bitcoins stolen”
521–530 of 564 posts
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#522Earlier quoted context omitted.
This completely talks past what the person you're replying to is saying: it doesn't matter if "hardware based security is [...] the only way," because its conspicuous absence indicates that even the experts fail to meet the onerous requirements placed on them by cryptocurrency.
Well his PGP key was compromised too. So why is crypto the only thing getting attention?
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#523Earlier quoted context omitted.
Plenty of great programmers are nut jobs. I personally know at least two sedevancatists who are amazing coders.
Well your code relies on some core tenants or it wont run, and some core ethics of catholicism in history have shifted that wouldnt be valid before, so its reasonable to see how theyd think logically on any topic.
Studying Aquinas is much better preparation for programming than studying Barth.
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#524Context 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)
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#525Earlier quoted context omitted.
>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) Based on the other comments in this thread it looks like he didn't bother using a hardware wallet (which is literally something that's recommended on bitcoin.org[1]), and kept his wallet.dat on a server exposed to the intern…
The original argument is still valid. It doesn't matter if he did it right or not. He got robbed and he will never see his crypto again. How on earth would anyone with less knowledge than him be able to do it right. You probably give up explaing my mom why she should have used a hardware wallet...
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#526Context 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)
Exactly! if the experts can’t secure their accounts, what hope does anyone else have? Soon you will see people saying you should have done this or that complicated thing, or how somebody so smart could should have known better. No matter what they say it is never enough. This is why lack of consumer protections suck.
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#527Context 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)
I don't know this person, I am not involved in any way in the bitcoin ecosystem ... but I have thought about it a fair amount, specifically wrt opsec and security practices, self custody, etc.
One of the conclusions I have always come to was:
If I was known to have a lot of bitcoin, for any reason, I would work hard to make it public knowledge that all that bitcoin was gone.
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#528Earlier quoted context omitted.
Anyone with a direct or indirect stake in one of the few companies silly enough to throw it on their balance sheet. Since TSLA made the S&P that's basically everyone with a market investment, an IRA, a 401(k), a pension. CPPIB invested in FTX. CDPQ in Celsius. Everyone in El Salvador. It's a bit of a cancer. Anyways those doing the foisting also includes all the shills, the laser-eyed, the influencers. [edit] It's no…
>Anyone with a direct or indirect stake in one of the few companies silly enough to throw it on their balance sheet Sure, there are institutional investors holding crypto, but how is this related to the current discussion of securing crypto? They're not exactly keeping their crypto holdings in a software wallet connected to the internet. They typically outsource that to companies that specialize in crypto custody, wh…
It preys of financially illiterate people who don't know better because they have been bombarded without any pause by endless list of bullshit as soon as they put the word 'investment', 'money', 'market' or whatever in any search box in the world, that being the one from your local bookstore, online newspapers, youtube, google, reddit and on and on and on...
And if you tell me fractional banking system is a ponzi scheme then you either don't have a clue of what they are or you pretend to.
It doesn't matter which companies, individuals or wathever .org or 'coin something' websites promote them or make a business of them because they're all fucking hucksters at worst or paid shills at best.
Talking 'security' about investment scams is like talking personnal safety in '101 suicide' book.
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#529Earlier quoted context omitted.
It’s also pretty well established that there was some peer review.
Peer review before the white paper was published? I'd be fascinated to learn more about any such conversations.
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#530I still think the reason Satoshi vanished is that he lost his private key and couldn't handle the embarrassment.
Google 'satoshi dorian nakamoto newsweek' and you get to know him. Unless the journalist made the whole thing up or at least a big part of the article is a lie.
After reading that, you start asking youself very serious questions about the whole crypto charade.