Well Bitcoin is commodity, not a crimefighter
You should tell that to the guys who said this
Quote
Bitcoin is needed more than ever to stop their evil
Topic: Compared to Bitcoin, gold doesn't seem real... - page 3. (Read 7506 times)
Well Bitcoin is commodity, not a crimefighter
You should tell that to the guys who said this
Bitcoin is torture proof. Sorry to disappoint.
Maybe. But how long can the person who knows the private key, or knows how to get the private key, or knows how to derive the private key, or knows who the other signatories of the multi-sig keys, how long can he hold out?
What will it take to break him?
You don't need much power to kidnap and torture someone for his private keys .Any street thug would suffice.
I think someone mentioned a kill-switch feature on a wallet. Maybe if somebody tries to move your coins without a seed, or during a certain time, the coins will be rerouted. Then the thug would just get pissed I guess. But fuck him
Yes, that will prevent him or any other guy from getting your bitcoin.But I somehow doubt you could walk out of that situation alive at that point, or at least with all your limbs attached.
Well Bitcoin is commodity, not a crimefighter
Bitcoin is torture proof. Sorry to disappoint.
Maybe. But how long can the person who knows the private key, or knows how to get the private key, or knows how to derive the private key, or knows who the other signatories of the multi-sig keys, how long can he hold out?
What will it take to break him?
You don't need much power to kidnap and torture someone for his private keys .Any street thug would suffice.
I think someone mentioned a kill-switch feature on a wallet. Maybe if somebody tries to move your coins without a seed, or during a certain time, the coins will be rerouted. Then the thug would just get pissed I guess. But fuck him
Yes, that will prevent him or any other guy from getting your bitcoin.But I somehow doubt you could walk out of that situation alive at that point, or at least with all your limbs attached.
Bitcoin is torture proof. Sorry to disappoint.
Maybe. But how long can the person who knows the private key, or knows how to get the private key, or knows how to derive the private key, or knows who the other signatories of the multi-sig keys, how long can he hold out?
What will it take to break him?
You don't need much power to kidnap and torture someone for his private keys .Any street thug would suffice.
I think someone mentioned a kill-switch feature on a wallet. Maybe if somebody tries to move your coins without a seed, or during a certain time, the coins will be rerouted. Then the thug would just get pissed I guess. But fuck him
If they think you have money, they will torture you. If you die before you give your money, they simply look for the next one who they think might have money.
So, don't ask, don't tell. Be anonymous. Low profile. And protect yourself.
So, don't ask, don't tell. Be anonymous. Low profile. And protect yourself.
Bitcoin is torture proof. Sorry to disappoint.
Maybe. But how long can the person who knows the private key, or knows how to get the private key, or knows how to derive the private key, or knows who the other signatories of the multi-sig keys, how long can he hold out?
What will it take to break him?
You don't need much power to kidnap and torture someone for his private keys .Any street thug would suffice.
Bitcoin is torture proof. Sorry to disappoint.
Maybe. But how long can the person who knows the private key, or knows how to get the private key, or knows how to derive the private key, or knows who the other signatories of the multi-sig keys, how long can he hold out?
What will it take to break him?
Bitcoin is torture proof. Sorry to disappoint.
Maybe. But how long can the person who knows the private key, or knows how to get the private key, or knows how to derive the private key, or knows who the other signatories of the multi-sig keys, how long can he hold out?
What will it take to break him?
And if there is no practical hope to get the bitcoins, how long before his captors realize that? (They may even refuse to believe you. So you're screwed if you actually can't get the bitcoins.)
People seem to be under the illusion that gold sits idly in central banks. Even today gold still backs up the $.
That's why every country has been scrambling to get the gold back in their coffers lately (with the US refusing and keeping it for themselves).They smell blood in the water for fiat money. The petrodollar is going to tank, and when it does shit is going to hit the fan globally for every fiat.
Compared to Bitcoin gold doesn't seem real... secure.
That's because it's not. The only way to make gold even approach bitcoin's level of security is if you're a billionaire who can afford to store his gold on a space station or on the moon. Other than that, you can't even play in the same league as bitcoin security-wise.Thats pretty silly. Can you store your USB/HD/trezor/whatever on the moon? Then anyone can come to your house, find your wallet and torture you until you sing the password
Nothing is safe my friend. And lol at "you cant spent gold". As if you can spend bitcoin in a lot of places.
People seem to be under the illusion that gold sits idly in central banks. Even today gold still backs up the $. Gold will always be money as it satisfies all the characteristics of money (store of value, durable, divisible, consistent, has intrinsic value, limited in quantity, history of acceptance). BTC is more secure but it isn't a store of value or universally accepted yet.
Compared to Bitcoin gold doesn't seem real... secure.
That's because it's not. The only way to make gold even approach bitcoin's level of security is if you're a billionaire who can afford to store his gold on a space station or on the moon. Other than that, you can't even play in the same league as bitcoin security-wise.Thats pretty silly. Can you store your USB/HD/trezor/whatever on the moon? Then anyone can come to your house, find your wallet and torture you until you sing the password
Nothing is safe my friend. And lol at "you cant spent gold". As if you can spend bitcoin in a lot of places.
They've been turning gold into mercury since the 1930's but whatever. If properly backed up, bitcoins can survive any type of direct attack because it can be in multiple places at once. The point was that it's easier to keep a thumb drive in your pocket than a ten inch steel vault.
I've heard that scientist managed to transmute(for lack of better term) bismuth or mercury into gold in some experiment, but not the other way around at a net loss(in expense).Anyone who are have some level of knowledge in chemistry knew that gold does dissolve in mercury, but they are far from being destroyed as the gold atoms themselves still exist and can be recovered( the process is relatively simple) .To classify as being destroyed it need to be impossible to recover as the element gold no longer exist in its atomic form.As I said the only way to turn gold into lesser element(lead) was by leaving in at the centre of a nuclear reaction(they did by placing in in a nuclear reactor) for a very long time.Hardly practical nor easy.
True it is easier to keep your bitcoin secure than gold ,but unlike gold lost bitcoin can be lost forever.It is a lot easier to destroy bitcoin just simply destroy the knowledge of the private key(or by killing the person who knew it).Anything that is impossible to recover is as good a gone.
Ironically , any method(Or should I say math odds
) that could recover those lost private key would effectively kill bitcoin(ominous quote"all of them,everywhere") as it destroys the security of bitcoin. Gold can become irradiated and be destroyed or turned to liquid mercury.
The only way to "destroy" any element is basically turning it into another element altogether.You basically need to feed gold directly into a nuclear reaction to do this, not something easily done.While gold can be dissolved,it is not technically destroyed as the processes can be reversed/countered.Any lost gold isn't truly as it can be recovered .
Lost bitcoin on the other hand is effectively destroyed as it is impossible to recover it without knowing the private key, which is pretty much uncrackable.
I'll take both. A little gold here. Maybe even silver. Some rounds, some bars. And a little bitcoin here, there, everywhere.
Much easier to transport a micro SD card through just about anything ... and have a backup somewhere safe, just in case.
If gold is in danger of being destroyed or melting, your life is probably also in danger, so get out of there.
Much easier to transport a micro SD card through just about anything ... and have a backup somewhere safe, just in case.
If gold is in danger of being destroyed or melting, your life is probably also in danger, so get out of there.
Gold can become irradiated and be destroyed or turned to liquid mercury.
The only way to "destroy" any element is basically turning it into another element altogether.You basically need to feed gold directly into a nuclear reaction to do this, not something easily done.While gold can be dissolved,it is not technically destroyed as the processes can be reversed/countered.Any lost gold isn't truly as it can be recovered .
Lost bitcoin on the other hand is effectively destroyed as it is impossible to recover it without knowing the private key, which is pretty much uncrackable.
To achieve this you need extreme pressure and temperature in the magnitude of the sun's core. So good luck with that.
Or we could introduce them to antimatter, and we're getting even more science fictiony (not that I'm complaining
) 
Gold can become irradiated and be destroyed or turned to liquid mercury.
The only way to "destroy" any element is basically turning it into another element altogether.You basically need to feed gold directly into a nuclear reaction to do this, not something easily done.While gold can be dissolved,it is not technically destroyed as the processes can be reversed/countered.Any lost gold isn't truly as it can be recovered .
Lost bitcoin on the other hand is effectively destroyed as it is impossible to recover it without knowing the private key, which is pretty much uncrackable.
To achieve this you need extreme pressure and temperature in the magnitude of the sun's core. So good luck with that.
If something like the Carrington Event happened again today
http://en.wikipedia.org/wiki/Solar_storm_of_1859
Bitcoin wouldn't exist and gold would survive
http://en.wikipedia.org/wiki/Solar_storm_of_1859
Bitcoin wouldn't exist and gold would survive
Gold can become irradiated and be destroyed or turned to liquid mercury.
The only way to "destroy" any element is basically turning it into another element altogether.You basically need to feed gold directly into a nuclear reaction to do this, not something easily done.While gold can be dissolved,it is not technically destroyed as the processes can be reversed/countered.Any lost gold isn't truly as it can be recovered .
Lost bitcoin on the other hand is effectively destroyed as it is impossible to recover it without knowing the private key, which is pretty much uncrackable.
Jump to: