To trust an ancient, bureaucratic, and often incompetent institution as the sacred guardian of some small amount of treasure seems highly unnecessary.
Safe deposit boxes aren’t safe (2019)
51–60 of 162 posts
Re: Safe deposit boxes aren’t safe (2019)
#52To trust an ancient, bureaucratic, and often incompetent institution as the sacred guardian of some small amount of treasure seems highly unnecessary.
Who do you suggest we should trust instead?
Re: Safe deposit boxes aren’t safe (2019)
#53Nothing is 100% secure, but I have opted for a high-quality gun/fire safe that's bolted to the foundation of my home (in a gated community), and protected by multiple monitored alarm systems and cameras. The safe has a lot more room than any bank's box would, it's cheaper in the long-run, and IMHO (especially after reading the fine article) more secure. Also, it's got a S&G spin-dial lock that I trust a lot more than…
Where in the house is the safe located? I saw a video some years ago that made a fairly compelling case for locating the safe in a pantry or laundry room or anywhere other than the master bedroom, master closet, master bath or home office.
Re: Safe deposit boxes aren’t safe (2019)
#54Re: Safe deposit boxes aren’t safe (2019)
#55Earlier quoted context omitted.
This same thing happened to me with a post a few months ago. Is that how it works?
Yes, check out /pool: https://news.ycombinator.com/lists
Explained at https://news.ycombinator.com/item?id=26998308
Re: Safe deposit boxes aren’t safe (2019)
#56I can sympathize but it's odd that the article is calling for a federal law. . Shows a complete lack of research and understanding of the "United States" and the roles of the federal and state governments, or just a clear a bias toward federalizing everything. The law that governs the bank safe deposit boxes is state law. This is pure personal proprety law of bailment and has nothing to do with interstate commerce or banking. I mean you can't get much more local than keeping your personal items in a box. There's no reason to have federal law apply. Federal government does interstate commerce, national security, and a few other things relating to the country as a whole and that's it. Having federal law govern safe deposit for boxes is like saying the federal government should be policing whether parking attendendanta bang up or rob the car you leave them or restaurants should be federally liable for hat and coat checks. State law has always governed the responsibilities of the person who takes care of something you leave them. it's property law 101. The federal government has no business and no jurisdiction being involved in enforcing bailment responsibiliies or rewriting contracts. It's not lack of interest by the feds it's lack of jurisdiction. There's no interstate commerce going on in a safe deposit box. If the feds need to step in here we might as well get rid of state laws and states entirely.
Re: Safe deposit boxes aren’t safe (2019)
#57I can sympathize but it's odd that the article is calling for a federal law. . Shows a complete lack of research and understanding of the "United States" and the roles of the federal and state governments, or just a clear a bias toward federalizing everything. The law that governs the bank safe deposit boxes is state law. This is pure personal proprety law of bailment and has nothing to do with interstate commerce or…
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Re: Safe deposit boxes aren’t safe (2019)
#58Earlier quoted context omitted.
Everyone in the media knows that when you single out a particular company, or person, or politician for criticism it makes their competitors look better. Nobody who works at a major news organization is unaware of this.
This is an absurd take. What would you have them do aside from call out a publicly bad actor explicitly? Seems like you are bending over backwards for a bad take.
In the media you don't get to "just" call someone or a company out. It inevitably makes the readers imagine comparisons in their mind. It is a status play: by lowering the status of one player in an industry, you implicitly raise the the status of the others.
Everyone who works in the media industry knows that will happen -- and I know some people who work in that industry. Even teenagers do this on social media all the time, based on an instinctive understanding of social status.
Take it or leave it, or even better, provide a rebuttal with real evidence rather than a childish emotional response!
Re: Safe deposit boxes aren’t safe (2019)
#59Great article to show to people saying "put your backup passphrase / second hardware key into the safe deposit box" Keeping physical stuff safe is hard. Banks were specifically invented so that people didn't need to keep valuables on them.
Banks were invented to facilitate money exchanges. By definition paper money is as valuable as what you left at the bank.
Re: Safe deposit boxes aren’t safe (2019)
#60Nothing is 100% secure, but I have opted for a high-quality gun/fire safe that's bolted to the foundation of my home (in a gated community), and protected by multiple monitored alarm systems and cameras. The safe has a lot more room than any bank's box would, it's cheaper in the long-run, and IMHO (especially after reading the fine article) more secure. Also, it's got a S&G spin-dial lock that I trust a lot more than…
Where in the house is the safe located? I saw a video some years ago that made a fairly compelling case for locating the safe in a pantry or laundry room or anywhere other than the master bedroom, master closet, master bath or home office.
While it would be nice to have something that could withstand a casual burglar, the more likely threat to my stuff is a house fire.
Where is the best for a safe to survive in a burning building, but also not be visible to anyone and remain thermally neutral?
Fire safes are passive thermal sinks that reflect and damp heat transfer for as long as possible before ultimately turning into a giant heavy toaster oven. I wonder if active fire safes are a thing? Imagine the security of a safe but with an armored thermal pipe sticking out the top that goes to a heat sink somewhere outdoors. Kind of like AC but for precious documents / grandpa’s watch. I guess you’d want it to fuse and fall off if the pipe started piping heat into the safe.