Earlier quoted context omitted.
I figured he’s a guy who works in the national security sector and didn’t want his extra curricular work drawing attention to himself. If he had to pass occasional polygraphs, it could create some weird situations. And if he signed a contract giving all intellectual output to his employer (including side projects), he could find himself in a lawsuit.
If polygraphs worked that is.
“My PGP key is compromised, and at least many of my bitcoins stolen”
481–490 of 564 posts
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#482Earlier quoted context omitted.
Inclined to agree here. Luke is going on about Intel ME backdoors on Twitter, but in reality there will be a far less crazy explanation for how he got owned.
In reality a $55 per month colo provider with a history of security incidents is not a reasonable choice for a high security application.
Your colo provider can be thoroughly owned, your adversaries can have physical access to the server for extended periods of time and still not be able to do anything because you've denied them access to any ports that'd allow DMA.
Lots of cheap DIY options for fancy case intrusion detection going way beyond that offered by mfgs. USB camera and some tape?
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#483Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#484Earlier 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…
It's not about money, it's about power. If you hold a physical item, you have the maximum power over it as possible. If you want to entrust someone else with it, go ahead, but at the end of the day your access to the item will be subject to their whims and those of the greater political establishment / woke clergy / corrupt and powerful.
It's no different from bank login in the end, once someone has it, it can be transferred at will.
Sure, the difference is that in banking system bank doesn't need your credentials to do stuff with money but even that when big crypto bois money are involved stops being immutable as DAO ethereum fork proves, fuck with important people money and nothing is sacred.
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#485Earlier quoted context omitted.
It's not about money, it's about power. If you hold a physical item, you have the maximum power over it as possible. If you want to entrust someone else with it, go ahead, but at the end of the day your access to the item will be subject to their whims and those of the greater political establishment / woke clergy / corrupt and powerful.
And if you entrust it to a safe deposit box, then... ? And if you trust it to a safe in your bedroom, and your house burns down, then... ? Which is more likely?
Especially if you stored solid brick of gold instead of money
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#486Earlier quoted context omitted.
When this stuff happens, you can engage in a legal process that has the power to get your property back. The process to recover from this can be slow and difficult. I acknowledge that this is a failure of the institutions involved, which can and should be fixed. However, the existence of these avenues for recovery acts as a strong deterrent that limits the frequency of such crimes. That’s why I am slightly worried ab…
The same legal processes that can be used to recover funds stolen from your bank account or stocks stolen from your brokerage account can be used to recover cryptocurrency. >When your crypto is stolen, the theft cannot be reversed, by design. If someone sends you a phishing link, gets your info, logs into your online banking and sends all of your money overseas, that theft generally can't be reversed either. (You'll…
If that is the case, then doesn't that destroy (at least) one of the basic principles of cryptocurrency that people constantly harp on?
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#487Earlier quoted context omitted.
Bitcoin core developer is the nuttiest of bitcoin users? The whole point is that he should be the one of most knowledgeable exemplary users.
>Bitcoin core developer is the nuttiest of bitcoin users? In this case you can substitute "nuttiest" with "most lazy". >The whole point is that he should be the one of most knowledgeable exemplary users. In this case it wasn't because of lack of knowledge, it was something else (eg. laziness/apathy/cockiness). Kind of like how most people know that they should eat less and exercise more, but don't.
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#488Earlier quoted context omitted.
When this stuff happens, you can engage in a legal process that has the power to get your property back. The process to recover from this can be slow and difficult. I acknowledge that this is a failure of the institutions involved, which can and should be fixed. However, the existence of these avenues for recovery acts as a strong deterrent that limits the frequency of such crimes. That’s why I am slightly worried ab…
The same legal processes that can be used to recover funds stolen from your bank account or stocks stolen from your brokerage account can be used to recover cryptocurrency. >When your crypto is stolen, the theft cannot be reversed, by design. If someone sends you a phishing link, gets your info, logs into your online banking and sends all of your money overseas, that theft generally can't be reversed either. (You'll…
There is zero chance that will happen for bitcoin.
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#489Earlier quoted context omitted.
> Yeah, that's how most things work in the physical world. If you want to secure a widget, then you need to "secure a physical object that grants irrevocable ownership" of it. You can’t steal my house by obtaining the deed. You can’t steal my stock by obtaining the stock certificates. That’s not how it works. The vast majority of wealth in developed countries doesn’t rely on physical security to maintain ownership. W…
You can definitely steal houses though. https://www.bbc.com/news/uk-england-essex-59069662 https://archives.fbi.gov/archives/news/stories/2008/march/ho... https://www.washingtonpost.com/local/public-safety/she-had-n... You can also steal stocks. https://www.bleepingcomputer.com/news/security/us-charges-ha... > The vast majority of wealth in developed countries doesn’t rely on physical security to maintain ownership I…
Re: “My PGP key is compromised, and at least many of my bitcoins stolen”
#490Earlier 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?
There is a big middle ground between "cover for users engaging in whatever risky behavior they like" and "cover for nothing whatsoever".
In this case, the problem is expecting users to be perfectly diligent, and either discard all convenience or all security.
Cryptocurrency continues to be a case study demonstrating why so many of the systems it's trying (unsuccessfully) to replace operate in ways that it doesn't.