Topic: Protection against armed robbery of Bitcoin - page 2. (Read 642 times)

EVERYTHING can be considered a weapon in the UK. Police usually wouldn't frisk you with no reason. So I agree it's worth a risk. Still, pepper spray and alike would be useless in this case.


https://i.imgur.com/kGhl9F7.png

https://img.4plebs.org/boards/pol/image/1437/51/1437516323237.png

What  
Pepper spray is considered a weapon?  
Just carry something anyways.
How many times have you been searched by police in your life?
I'd say it's worth the risk.


You can only try to play it real, like you gambled it all, or you invested it in some ICO that went shit, they might not believe you, but it's worth a shot.
Don't leave without it  
I have a switchblade with me at all times, not because I need it but because it comes in handy when you need to open stuff.
It's legal to carry here if the blade is 8cm or less, this one is 9cm, but fuck it.
I was never searched by the police in my entire life, and I probably won't be.


I don't think those 4 dark-skinned attackers could do anything in a house with motion detectors, 2 Kangals, and you with a rifle sitting inside.
If they could, it's still a lot better than nothing.

Also, ofcourse you're going to try to lay low as it's suggested, but why not make your house safe as well?

This.

The victim in this case was a bit reckless, he change the name of his company to "Aston Digital Currencies Ltd" in Sep 2017, the registered office address is his home address. Not very smart, but in his defence, it's the first case of such robbery in the UK so not something that was easy to predict.

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All the self defence suggestion (gas pistol, knife, pepper spray) are bad idea when facing 4 armed (dark-skinned) attackers and when you have small child in the house.

But what I'm more interested in is what security feature could be implemented by exchanges to prevent gunpoint-forced transfers. Opt-in 3 days delay for withdrawals above certain amount? For business-owned accounts - requirement of two 2FA authentications?

Well, the bold words may work if you are been attacked unexpected. But what if you were been kidnapped? If you send them a low amount of coin, the robber will certainly know that there is alot more you are holding back, after all he targeted his victim before attacking. Have you  thought, what if you left home without your pepper spray, electric shocker or a knife? You don't want to be living in fear all just because you are a bitcoin trader. We all hope we don't fall victim to this new type of robbery but I would still prefer to live a normal low key life.

sigh... Some of us live in countries where it's illegal for an individual to carry any kind of firearm (unless traveling from home to a shooting club or back, carrying a legal licence, with the gun locked up in the trunk), any kind of gas pistol, pepper spray, knives, tasers, baseball bats,... Basically, it's illegal to carry anything you can use to protect yourself  

Personally, i recently hired a safe at our local bank to store my hardware wallet (+ the encrypted seed). I don't own that much BTC anyways, but i was entertaining the idear of renting a safe to store my house's deed, my testament, some silver coins,... so when BTC price jumped, i just hired a safe and got it over with.

Keep the cold wallet at home encrypted and only a hot wallet with you, therefore if someone attacks you, if you're forced to, you can give away a low amount of coins.
I'm unsure how it works in the US, but if it's possible, get a legal carry, if not, as I said, pepper spray, electric shocker, or a knife.
I'll be getting a new batch of bitcoin knives soon, might as well get those

I believe the first thing that might have triggered an armed robber to attack someone and demand a transfer of their coin is if the armed robber knows that the person been attacked is a bitcoin or crypto trader. This is why it is recommended that you live low key if you are trader especially one with huge fund.  iluvbitcoins suggestion is perfect but what if you where not at home when the incident happens and was attacked when you least expect it; probably when you are out for a quick dinner? I guess its better not to have a trading app on your phone and live a low key Life till when you decided not to trade again. Though, most people may not like it since they want to live a five star life when the gains start pouring in.

There are many ideas that pop into person's mind with multisigs and whatnot, but I think we all have to remember here that Bitcoin isn't magical, it will not solve every problem out there. It is just better (a lot better) than fiat, but it ain't perfect and we shouldn't expect that from it.

Robberies will always exist. Especially extortions for kidnappings. There are many things we could do, although most ideas would lead us to more powerful governments and centralization, but these things will always happen.

As a last resort encrypt your laptop and set a fake password which leads to a wallet with a low amount of BTC (you can do this with VeraCrypt), tell them that's all you have.
Only as a last resort though.
If you're in the US, buy automatic weapons.
If not, some electric shockers, pepper spray and knives.
And a few big trained dogs  
Some cameras won't hurt either, a panic button for the police or something.
If you don't have much experience with training dogs, german shephards are a great choice, they're so easy to train because they're so loyal to their owners and willing to obey orders, if you do have exp you can go with a Kangal.
Get at least 2.
2 Kangals and a rifle will stop anything.

Also, if you're outside the US, it's possible you can obtain a hunting rifle legally, so check with the authorities.
+ you can always get a gas pistol which looks exactly like the real thing and will possible scare the shit out of the intruders when it bangs (if they want your BTC, they need you alive), but if you have suspicions you might get attacked, I'd just rather obtain real weapons illegaly, fuck the goverment which won't allow you to defend your property.
You'd be better off paying fees for illegal weapons possesion than having a million $ in BTC stolen.
You can literally cut someone in half using a katana, but it's inaffective in active combat since it's too long, takes some time to swing, you would probably be better off with a smaller knife.

Also, keep 1 dog inside, and 1 outside, it's possible although unlikely if the attacker is well prepared that he obtains a tranquilizer gun.
If he gets inside he can't know you have another dog, or where he is located, or while gets to shoot him you have plenty of time to stab/shoot the bastard or just knock him out with a baseball bat.

I shouldn't even mention a fence is implied.
Motion detectors and a home security system isn't a bad idea, keeping good relations with your neighbors since you might need their help.
Try to have a clear sight in your yard, not many bushes and stuff so the intruders can't hide if they tranquilized your dogs.

Following these rules, I think if someone tries to break into your home, he's fucked.

I have no idea what legal consequences this could result in for a mixer, but generally speaking the best way to defend against this is to not be known to have a large amount of coins. Either that or take appropriate steps to secure your house. A barn does not sound very secure and for someone holding 800k I would at least expect walls, gates and CCTV or in other words physical protection that can not be merely kicked in. Additionally if its for long term storage to require a second signature would make sense, e.g. by keys held on a different device in a different location. This might secure the coins, but not necessarily your life. Depending on the level of knowledge the robbery have of bitcoin, they might not grasp the concept and assume you try to bullshit your way out of the situation. Im also not entirely sure to whom the baby belonged. Did they hold it hostage or they come with their family? They might be willing to take you with them for some time to wait off a time lock.

A gang of four armed raiders held up an English Bitcoin trader at gunpoint. He was forced to transfer a large sum in Bitcoin. I believe this is the first such event in England, but not the first in the world.
http://www.dailymail.co.uk/news/article-5322171/Pictured-barn-raiders-committed-bitcoin-robbery.html

How can we protect ourselves against this? Some thoughts occur to me.

Transfer the coins into a timelocked wallet controlled by me. But would that provoke a physical resction from the raiders.
Time lock the transfer into their requested wallet.
If the stolen coins are run through a mixer, could I sue the mixer because he was profiting from the proceeds of crime.

Has anybody got any other ideas?