Being your own bank and theft - page 2.

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: cafucafucafu on June 05, 2015, 05:10:04 PM

So even if you keep your own coins secure, there is still a danger of theft performed with violence. You have heard of people who were forced to give up their coins/keys under duress.

Does this mean that multisig is a must?

if you have a couple of thousands bitcoin and you publicly announce it you might get mugged. but robbers don't know what bitcoin is or who has what to target them.

how can a robber know that you have bitcoin to target you and force you to reveal your keys?!

lemipawa

legendary

Activity: 1708

Merit: 1006

Why would people be mugged for Bitcoin? The majority of the planet doesn't even know what it is.

spud21

sr. member

Activity: 342

Merit: 250

Hal Finney said he had printed his keys onto paper wallets and stored them in a safety deposit box in his bank for his children to inherit. I guess the bank would require ID before they would let anyone access a particular safety deposit box.

achow101

staff

Activity: 3458

Merit: 6793

Just writing some code

Possibly. If your multi-sig address is with keys that you own in one place, it won't really help. Alternatively, if you keep the keys separately, it makes it more difficult to spend your coins quickly. It really depends on how secure and how paranoid you are.

Meuh6879

legendary

Activity: 1512

Merit: 1012

? have you talk with your neighboor that you old GOLD on your garden ?

no.

do same thing on bitcoin.

cafucafucafu

hero member

Activity: 812

Merit: 509

So even if you keep your own coins secure, there is still a danger of theft performed with violence. You have heard of people who were forced to give up their coins/keys under duress.

Does this mean that multisig is a must?

Topic: Being your own bank and theft - page 2. (Read 1254 times)