French police free kidnapped Ledger executive

Post by TiredOfLife » Sat, Jan 25, 2025, 11:46 AM UTC

kmeisthax wrote: post #96

ripped_britches wrote: post #93

This is insane. So much disgust washed over me when I read about the finger. I can’t believe people are so evil. I don’t have any crypto but I’m worried about those who have it at scale.

My advice for people who own crypto is the same as my advice for people who own guns: You shouldn't own it, but if you do, shut the fuck up about it. Guns and crypto both have unique properties: criminals want them, and they want there to not be a connection between their identity and the item they plan to do crime with. The obvious solution, for a criminal, is to steal someone else's guns or crypto, not for the valu…

Post by tim333 » Sat, Jan 25, 2025, 11:59 AM UTC

thiht wrote: post #109

throw101010 wrote: post #72

Earlier quoted context omitted.

This sounds a lot like a sales pitch by Ledger, is the next service you are going to sell me involving me sending my seed, online, to Ledger so it can be sent to 3 third parties... because that is what made so many people laugh at them last year. They can add as many layers of cryptographic schemes on this, it so antithetical to what you should do with a seed you want to secure that it ruined their reputation for a l…

Do you HAVE TO send your seed for backup? Do they use dark patterns to force you to upload your seed? Do you realize some people value (probably wrongly in this case) convenience over absolute security? There’s nothing wrong with offering additional options.

Post by tim333 » Sat, Jan 25, 2025, 12:21 PM UTC

teh_infallible wrote: post #86

pieix wrote: post #6

Earlier quoted context omitted.

This shows another of the many ways in which a having a trusted third party involved in your finances is actually a good thing.

Or you could see it as an argument for the second amendment. Would someone have attempted this against an executive based in Texas? I don’t think so.

Post by tim333 » Sat, Jan 25, 2025, 12:32 PM UTC

lukan wrote: post #41

petesergeant wrote: post #30

I think I’m surprised this doesn’t happen more often. Maybe I underestimate how good the police are at prevention of this crime.

Or you overestimate how many competent psychos are out there scheming to do anything to make money. Doing a kidnapping and getting a ransom is probably not too hard, but being on the run forever afterwards might not be worth it to most. People with money can hire their own bounty hunters/or plain criminals to go after them afterwards. Or just announce a bounty high enough (in dark channels, your high profile security…

Post by jcarrano » Sat, Jan 25, 2025, 1:34 PM UTC

__MatrixMan__ wrote: post #2

Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.