131–140 of 154 posts
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This shows another of the many ways in which a having a trusted third party involved in your finances is actually a good thing.
Arguably the feature that makes kidnappings for ransom unattractive isn't necessarily traditional banks being trusted, but rather that traditional bank transfers are usually reversible (e.g. due to a court order).
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This shows another of the many ways in which a having a trusted third party involved in your finances is actually a good thing.
I guess is comes down to whether you think it's possible to prevent this kind of thing with nothing more than cleverly aligned incentives and cleverly applied cryptography. If it is, then we'd be fools not to try, and having the trusted third party is just the better of several bad alternatives. But it is a pretty audacious claim. I wish there were more radical optimists among us pursuing such things. Pity that that'…
Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
At some point "the rubber meets the road", i.e., you have to bridge the digital world and the physical one. Increase the probability that thugs are caught and increase the severity of the consequences. In the real world the ultimate countermeasure is bullets. All the rest is to avoid reaching this last resort.
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I don't live at the house where I ordered my wallet anymore. So that's a relief.
We literally had to move, out of fear, and I am going to ridiculous measures right now because I work in the field. Luckily, we were renting.
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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.
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Arguably the feature that makes kidnappings for ransom unattractive isn't necessarily traditional banks being trusted, but rather that traditional bank transfers are usually reversible (e.g. due to a court order).
But not if the transactions are going to the caynman islands and then from there somewhere else etc. I believe. If you have a bank account in the same country, you also have an owner.
Though doing a kidnapping in the middle of France is pretty ballsy anyway.
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We literally had to move, out of fear, and I am going to ridiculous measures right now because I work in the field. Luckily, we were renting.
Is it worth the impact to your lifestyle to work in crypto?
How does the government of France decide whether your kidnapping is worth sending military tactical teams to rescue you?
This is not the US. They don't check how much bribes you paid your local police forces. They are just doing their jobs