121–130 of 154 posts
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When cryptocurrency comes to depend on all the trust anchors of the fiat monetary system, the naive reimplementation will be feature-complete.
> the naive reimplementation will be feature-complete good point, but you're not taking into account the deflationary spiral
Over 10 years, ~100 physical attacks targeting crypto assets, https://github.com/jlopp/physical-bitcoin-attacks Physical security primer for Bitcoin (2019), https://www.youtube.com/watch?v=HUgPhPkS2yc
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https://en.wikipedia.org/wiki/Value_of_life#European_Union
The "statistical value of a life" doesn't mean what you think it does. It's essentially a measurement of how much, on average, people value their own live at the margin (i.e. how much are they willing to pay for a slightly safer car, how much more does a slightly more dangerous job have to pay for people to still apply etc.) It's not a political "cap on how much to spend on saving somebody's life". There have of cour…
And in the US, these drugs are much more expensive.
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The "statistical value of a life" doesn't mean what you think it does. It's essentially a measurement of how much, on average, people value their own live at the margin (i.e. how much are they willing to pay for a slightly safer car, how much more does a slightly more dangerous job have to pay for people to still apply etc.) It's not a political "cap on how much to spend on saving somebody's life". There have of cour…
It is used in public healthcare, for example, with biologic drugs. According to my rudimentary calculations, Spain has an 80-100B euro public healthcare budget. If every person who would benefit from a biological drug treatment received it, that would add close to 40% to that budget. And in the US, these drugs are much more expensive.
In many countries, including those with both socialized and private healthcare, insurance companies routinely pay for treatments costing much more than the statistical value of life.
Also, these incredibly expensive single-dose cures usually are that expensive because they don't benefit from any economies of scale and/or haven't recouped their investment yet. In competent healthcare systems, the price is driven down substantially sooner rather than later for almost all drugs through negotiations.
I have a significant amount of crypto and use a ledger wallet. Recently I noticed that the ledger app on my phone requires precise location access to function. It just hit me that ledger has precise locations and wallet balances of all its customers. It's just a matter of time when this information falls in the hands of organized crime. I have since then moved to another wallet and am thinking of selling my house and…
I believe Ledger already leaked customers' addresses. https://www.bitdefender.com/en-au/blog/hotforsecurity/hacker... Probably the most dangerous and costly data leak ever. Can't believe Ledger was able to stay in business after that.
I know the details cause I work in the field. It's quite crazy that they are still in business.
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I believe Ledger already leaked customers' addresses. https://www.bitdefender.com/en-au/blog/hotforsecurity/hacker... Probably the most dangerous and costly data leak ever. Can't believe Ledger was able to stay in business after that.
I don't live at the house where I ordered my wallet anymore. So that's a relief.
Luckily, we were renting.
How does the government of France decide whether your kidnapping is worth sending military tactical teams to rescue you?
Over 10 years, ~100 physical attacks targeting crypto assets, https://github.com/jlopp/physical-bitcoin-attacks Physical security primer for Bitcoin (2019), https://www.youtube.com/watch?v=HUgPhPkS2yc
This is why I'm, within reason, anonymous online. This is a real threat.
How does the government of France decide whether your kidnapping is worth sending military tactical teams to rescue you?
About half of the police force is military in the first place (Gendarmerie). It's typically split between the purely civilian National Police (urban areas) and Gendamerie (everywhere else). In any case, if there is any sort of kidnapping or hostage taking they send the tactical units. To foreigners, GIGN is perhaps best known for being one of the counter-terrorist teams in the Counter Strike game. Here's an example o…
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You mean like a multi sig wallet? Has been a thing on ethereum for about a decade now. There are also a variety of systems that allow trustless social wallet recovery and other nice creature features that are required in the real world. The programmable nature of ethereum makes these sorts of systems readily buildable. But its not bitcoin, so somehow its the shitcoin and the glacially frozen development environment t…
Such things don't count for much if they're not in use. The trick will be getting people to use them effectively. It's more of an education problem than a tech problem. Also it's not clear that that would work. If I got a call: > They're gonna kill me if you don't sign this transaction. I'd probably sign it rather than let my friend die to prove a point to the bad guys that you don't kidnap people on FooChain.