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“My PGP key is compromised, and at least many of my bitcoins stolen”

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Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#361

Post by bagels »

doodlesdev wrote: post #142

Could this be a "boating accident" since it's tax season? Or maybe only his Twitter was hacked? No info from him at his mastodon https://mastodon.social/@lukedashjr@bitcoinhackers.org If true this is absolutely devastating. Somewhat funny too, but devastating. edit: Well, it's confirmed. Insane. https://twitter.com/peterktodd/status/1609655629903265795 https://twitter.com/peterktodd/status/1609666001251229696

I believe there is a relatively low limit for theft losses when it comes to tax writeoffs.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#362

Post by rewtraw »

fshbbdssbbgdd wrote: post #286
gruez wrote: post #271

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…

https://en.wikipedia.org/wiki/Bearer_instrument

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#363

Post by fshbbdssbbgdd »

causality0 wrote: post #326
fshbbdssbbgdd wrote: post #286

Earlier quoted context omitted.

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…

Maybe don't keep "all of your wealth" and "daily spending money" in the same bucket.

To clarify, the idea is I need to keep my life savings in a fire-proof, theft-proof safe?

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#364

Post by AnimalMuppet »

bawolff wrote: post #267
JW_00000 wrote: post #184

Earlier quoted context omitted.

When someone writes: > Soon you will see people saying you should have done this or that complicated thing and you answer: > Is his PGP key on his hardrive or a smartcard? you're proving their point.

But is it a reasonable point? I would assume that if you are a major player in the bitcoin world, you should do complicated things to secure yourself. Its sort of like if someone wins the lottery, and tells the world they are putting the money under their mattress in their home. Its not unreasonable to say that such a person faces more risk than an ordinary person and should install an alarm system or something.

You would assume. But, empirically, users don't - even users who should know better. Users don't. If your model doesn't take that into account, your model is broken.

The Bitcoin model is broken. It very intentionally got rid of all the institutions that regulate and control finance, and in doing so, it got rid of everything that protects regular people from the wolves. The regular people aren't up to the task of protecting themselves, and they regularly show it. The model is broken.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#365

Post by fshbbdssbbgdd »

rewtraw wrote: post #362
fshbbdssbbgdd wrote: post #286

Earlier quoted context omitted.

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…

https://en.wikipedia.org/wiki/Bearer_instrument

Most people don’t use these anymore. Like crypto, the main utility is for crime.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#366

Post by ilyt »

willnonya wrote: post #255
spicymaki wrote: post #76

Earlier quoted context omitted.

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.

"This is why lack of consumer protections suck" So, rather than the consumer being responsible for their actions you support consumers engaging in whatever risky behavior they like as long as someone else is there to protect them or give them a do-over?

The consumer in this case needs to be world class security expert (as "just" being good enough to be core bitcoin developer is clearly not enough) to just not lose money.

That's unreasonable for something that's supposed to be used as money

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#367

Post by MuffinFlavored »

amadeuspagel wrote: post #190

> The irony here is Luke being a dev probably made it easier for him to be complacent. His security setup was frankly a lot worse than what most plebs seem to use. > The standard advice of buy a Trezor and write down your seed on paper is much better than a Gentoo hot wallet. https://twitter.com/peterktodd/status/1609667983298658304

So most crypto users should:

1. Sign up for Coinbase (where you give your driver's license + bank account ACH and get validated as a legit US citizen or whatever)

2. Transfer USD into Coinbase

3. Purchase BTC with that USD

4. Transfer that BTC from Coinbase to a $80 Trezor Model One wallet from Amazon?

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#368

Post by TigeriusKirk »

TylerE wrote: post #295
giardia wrote: post #287

Earlier quoted context omitted.

The implication of your comment is that Bitcoin is developed in part by someone who acts like an idiot.

Not really a stretch in this case https://twitter.com/lukedashjr/status/1169615995742380035 https://old.reddit.com/r/Buttcoin/comments/4936kw/lukejr_is_... Dude seriously Thinks the pope isn’t catholic and the sun revolves around the earth

He's always stood out in crypto, even in the early days when it was all "colorful" figures.

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#369

Post by tgsovlerkhgsel »

tkiolp4 wrote: post #237

Maybe off topic: is it fine to publicly say that you have $3.6M in bitcoin using a profile name that exposes who you are in real life? Wouldn’t the IRS (or local equivalent) come to knock your door and ask for taxes on that money?

It's particularly fine to say it publicly when you're going to try to get a write-off for the loss...

Re: “My PGP key is compromised, and at least many of my bitcoins stolen”

#370

Post by [deleted] »

Macha wrote: post #328
reducesuffering wrote: post #48

"the pedos who took over Vatican City are NOT Catholic" Sympathy cratering...

A broken clock being right twice a day and all that. Prior to becoming Pope, Benedict did lead the Congregation for the Doctrine of the Faith which was responsible for covering up the child sex abuse scandals of the Catholic Church in Ireland. In addition, while he was Pope, someone high up in the church instructed the Irish part of the church to stymie the government's efforts to investigate said child abuse scandal…

[deleted]
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