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Found the article: https://www.theregister.com/2005/04/04/fingerprint_merc_chop...
Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
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…
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.
Earlier quoted context omitted.
> the ledger app on my phone requires precise location access to functio Are you sure that's not just for Bluetooth access (which shows the same message, since it can indeed be used to derive somebody's location)? What business reason do they have to send users' location to their servers? > graphene os with location disabled and always on VPN etc. If you don't trust Ledger – how much do you trust your VPN provider? T…
> If you don't trust Ledger – how much do you trust your VPN provider? They know both your original IP and what you're doing on the Internet (or at least to which services you're connecting). Well, the big difference (for what OP is worried about) is that two distinct companies would need to be compromised instead of just the one.
Crypto will not be ready for mainstream until effective game-theoretic countermeasures for this kind of thing are built into the protocols.
From the headline here on HN i thought they severed his finger to get around MFA or use it to unlock some crypto store - turns out they just cut it off to show they mean business and they actually kidnapped him
(Submitted title was "Kidnappers sever finger of Ledger co-founder David Balland".)
I think I’m surprised this doesn’t happen more often. Maybe I underestimate how good the police are at prevention of this crime.
In Toronto it happens quite often, not everyday, but way more often than you'd believe.
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.
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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If you wouldn't mind reviewing https://news.ycombinator.com/newsguidelines.html and taking the intended spirit of the site more to heart, we'd be grateful.
Physical security primer for Bitcoin (2019), https://www.youtube.com/watch?v=HUgPhPkS2yc
Jfc can we not allow headlines like this? Fucking disgusting.