Gold collapsing. Bitcoin UP.
Gold is not precisely collapsing today
. 
Topic: Gold collapsing. Bitcoin UP. - page 1258. (Read 2032272 times)
Gold is not precisely collapsing today
. 
Gold collapsing. Bitcoin UP.
Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.
Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.
Maybe he is trying to lure people into believing it's all that he has, who knows?
Probably best in case it wasn't a joke that someone answers seriously but I'll use this as an excuse to quote the reply I liked the idea of...
What's PM?
It is a subset of alt currencies where instead of having a digital balance, your balance is determined by how much of a certain element you hold. Popular elements of choice include gold, silver, and platinum.
Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.
Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.
Maybe he is trying to lure people into believing it's all that he has, who knows?
Or maybe he was trying to make the same point that I was trying to make. There are a variety of ways and means for one to lose or lose control of one's private keys.
Even under a legal system which was not particularly abusive there are ways to induce people to give up information lawfully. Bitcoin has so many plausible modes of failure that it is very possible for one to be unable to comply, or to give up keys to value which has already been moved, and it is possible that the persons moving the data did not do so in coordination with the individual under attack.
This multitude of proven failure modes of Bitcoin is to me (probably nearly alone) something of a 'killer app'. I've said it before and I'll say it again: Thank you all you idiots who got ripped off over the years!
Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.
Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.
Maybe he is trying to lure people into believing it's all that he has, who knows?
Haha, sure! What's the address?
Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.
Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.
Maybe he is trying to lure people into believing it's all that he has, who knows?
Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.
Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.
Maybe he is trying to lure people into believing it's all that he has, who knows?
Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.
Don't disclose this sort of information on a public forum! It's called security through obscurity for a reason.
Ya I have two copies of my paper btc wallets hidden in different places. One is very hidden the other is in my fridge with instructions to anyone who cleans it out upon my sudden demise. But I think I am going to buy a letter/number punch and get my keys down onto metal.
A good thing about Bitcoin is you can DIY your own duress-proof scheme, suiting your own needs and tastes.
If I am more worried about myself losing my mind and plead my friends to just cooperate with the authority, then about the reliability of the technologies I employed, I can well hide my paper wallet in a certain corner of a forest on a certain continent, where I can not get to until I am free, or just encrypt it and put it into the bittorrent sync so that it won't be lost. Or better still, If I am feeling adventurous, I could just well hide it in the background noise of a porn picture, and in Linus Torvalds' words, let the rest of the world mirror it. The possibilities are endless.
You could also mixing up the schemes a bit, three signatures for the elves-infested forest, seven carved in the hall of stones, nine for your mortal friends, then one last to rule them all, to find them and in the dark web bind them.
If I am more worried about myself losing my mind and plead my friends to just cooperate with the authority, then about the reliability of the technologies I employed, I can well hide my paper wallet in a certain corner of a forest on a certain continent, where I can not get to until I am free, or just encrypt it and put it into the bittorrent sync so that it won't be lost. Or better still, If I am feeling adventurous, I could just well hide it in the background noise of a porn picture, and in Linus Torvalds' words, let the rest of the world mirror it.
The possibilities are endless.You could also mixing up the schemes a bit, three signatures for the elves-infested forest, seven carved in the hall of stones, nine for your mortal friends, then one last to rule them all, to find them and in the dark web bind them.
The only problem is it doesn't work for people who can't make friends.
1) Have trustworthy friends.
2) Make sure some of them reside on different continents than you.
3) Keep your savings in an m-of-n output, where the cooperation of one or more of your friends is needed to spend them.
4) You are now protected from rubber hose cryptography.
2) Make sure some of them reside on different continents than you.
3) Keep your savings in an m-of-n output, where the cooperation of one or more of your friends is needed to spend them.
4) You are now protected from rubber hose cryptography.
Sadly, this is not a trust free system and I don't trust anyone enough. Do you?
1) Have trustworthy friends.
2) Make sure some of them reside on different continents than you.
3) Keep your savings in an m-of-n output, where the cooperation of one or more of your friends is needed to spend them.
4) You are now protected from rubber hose cryptography.
2) Make sure some of them reside on different continents than you.
3) Keep your savings in an m-of-n output, where the cooperation of one or more of your friends is needed to spend them.
4) You are now protected from rubber hose cryptography.
But that doesn't protect you from rubber hoses
1) Have trustworthy friends.
2) Make sure some of them reside on different continents than you.
3) Keep your savings in an m-of-n output, where the cooperation of one or more of your friends is needed to spend them.
4) You are now protected from rubber hose cryptography.
2) Make sure some of them reside on different continents than you.
3) Keep your savings in an m-of-n output, where the cooperation of one or more of your friends is needed to spend them.
4) You are now protected from rubber hose cryptography.
Yeah, so nobody knows they are yours, until you show a link between them and your real world identity(like they are in your safe or some bank vaults rented by you). Such anonymity is pretty useless in many situations.
Bitcoin, OTOH, provides reasonable pseudononymity/anonymity along with nearly indisputable ownership proof all at the same time.
I would not feel confident to evaluate the level of anonymity of Bitcoin until a lot more is known about both the system, and especially about the methods and capabilities of the attackers.
OTOH, the level of 'plausible deniability' of Bitcoin is outstanding because there have been so many losses, accidents, thefts, frauds, etc. It would be completely believable to claim a loss of control of BTC through a lot of means.
In jurisdictions which do not rely on secret courts and summery justice, this 'plausible deniability' aspect of the system could likely be leveraged very effectively.
In jurisidictions relying on proper procedures, simply encrypting your password would be enough, as nobody can prove whether the encrypted content is Bitcoin wallet password or something else, thus unable to force you to reveal the password for the decryption.
In jurisidctions which would not hesitate to resort to coercion to open your mouth, Bitcoin can technically still be made much safer from confiscation than pretty much any other asset, by carefully hiding your trails and utilizing brainwallet or http://en.wikipedia.org/wiki/Deniable_encryption .
And by nesting your encryption volumes like a Russian Matryoshka doll. They'll never know when they reached the final layer of encryption
Yeah, so nobody knows they are yours, until you show a link between them and your real world identity(like they are in your safe or some bank vaults rented by you). Such anonymity is pretty useless in many situations.
Bitcoin, OTOH, provides reasonable pseudononymity/anonymity along with nearly indisputable ownership proof all at the same time.
I would not feel confident to evaluate the level of anonymity of Bitcoin until a lot more is known about both the system, and especially about the methods and capabilities of the attackers.
OTOH, the level of 'plausible deniability' of Bitcoin is outstanding because there have been so many losses, accidents, thefts, frauds, etc. It would be completely believable to claim a loss of control of BTC through a lot of means.
In jurisdictions which do not rely on secret courts and summery justice, this 'plausible deniability' aspect of the system could likely be leveraged very effectively.
In jurisidictions relying on proper procedures, simply encrypting your password would be enough, as nobody can prove whether the encrypted content is Bitcoin wallet password or something else, thus unable to force you to reveal the password for the decryption.
In jurisidctions which would not hesitate to resort to coercion to open your mouth, Bitcoin can technically still be made much safer from confiscation than pretty much any other asset, by carefully hiding your trails and utilizing brainwallet or http://en.wikipedia.org/wiki/Deniable_encryption .
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