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/biz/ - Business & Finance

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25736212 No.25736212 [Reply] [Original]

Serious question anon
Fake scenario
>hold 10 btc in my ledger
>robbers come and hold a gun to my head: "transfer your btc to our wallet"
>Me who dosn't want to die transfers his btc to robbers wallet
>Robbers get away with it cause BTC is "decentralized"
What's the solution for this problem?

>> No.25736247

Buy a fucking gun

>> No.25736271

>>25736212
there are banks that offer crypto keys holding now. so if you feel safer then just let someone else hold your keys.

>> No.25736272

>>25736212
N-of-M multisig

>> No.25736283

>>25736212
Kleros

>> No.25736289

>i have half my seed in a safty deposit box sorry

wow that was hard

>> No.25736294

>>25736212
>What's the solution for this problem?
Buy Chainlink

>> No.25736297

>>25736212
honeypot wallet

>> No.25736299

>>25736212
How do the robbers know you have 10 btc?

>> No.25736302

>>25736271
seriously? are you talking about holding the keys in a safety deposit box or something else?

>> No.25736312

>>25736271
So the best solution is to trust a bank again, also u can't walk to your bank, get the key, make your payments and deploy the keys again every time you want to buy smth

>> No.25736325

>>25736247
fpbp.

>> No.25736327

>>25736212
This is one of the biggest drawbacks of it crypto compared to institutional banking. Whoever comes up with a real solution will stand to profit. Only protection right now is secrecy. It's a very bad idea to make it known you hold significant crypto.
>>25736247
Not a solution. Element of surprise and greater numbers trumps being armed.

>> No.25736382

>>25736327
Why not just use a centralized - bNk -crypto? Dosn't it seem like the only real answer for now?

>> No.25736439

>>25736299
>btc is now worth 128k USD
>I'm a bit wealthy and need to sell some BTC to buy some wealth or buy with BTC instead
>about 20 anonons know now that I own Crypto

>> No.25736481

>>25736289
They hold a gun to your head till they get your money
>>25736297
How often will a decoy work?

>> No.25736486

>>25736212
Why hold it in a ledger? Put your key in a bank which only allows you to enter with fingerprints other biometric data. Even if you give them your password (which you wont cause you wont know it) they cant get into the bank vault.

>> No.25736530

>>25736486
How do I pay daily supplies ?
Need a bank to keep my funds safu
Why replace bank in the first place?

>> No.25736627

>>25736530
One of the most difficult things with crypto is being your own bank for these reasons. There will always be room for a safe guarded trusted location for you to put stuff in which only you can access physically. Banks will survive for that purpose even if they don't hold our money. itself.

>> No.25736734
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25736734

>>25736327
robbers are cowards that don't want to die. They will rob someone else who is unarmed if you are armed.

>> No.25736781

>>25736212
>squirrel.finance
Stash is a smart contract wallet

you can add daily limits, enforced onchain.

>> No.25736882

>>25736781
So I'm using a bank again, why bother using a decentralized asset?

>> No.25736936
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25736936

>>25736299
FUCKING LEDGER CUNTS

>> No.25736969

>>25736299
Well everyone that bought a ledger got their data leaked for instance

>> No.25737010

>>25736969
Bought 12x ledger 2 or 3 years ago with cash from a shop that went bankrupt

>> No.25737200
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25737200

It's ok the transaction time is so long that the police will make it in time to arrest the robbers.

>> No.25737635

>>25736302
no man, literaly crypto banks. they manage your keys. its allowed everywhere now, theres swizz, german , spanish and italian banks that have crypto custody now. tons of asian banks have it. kraken has it which is a bank now. i mean. you don't have to hold your own keys if you feel like you need a bank to hold them for you then thats possible

>> No.25737705
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25737705

>>25736327
I see you don't understand situational awareness
or special ammo, i have sabat slugs that will go through 2+ people easy for the price of one

>> No.25737751

>>25736212
Stop being a fucking bitch

>> No.25737952

>>25737200
kek

>> No.25738072

>>25736734
>>25737705
Hmm, you seem to be thinking along the lines of being jumped by some nigger in the street. I'm talking about more of you have 6 figures plus, which is what I thought this thread war about, but could be wrong. Having a handgun because your bed isn't going to stop a career standover man. Especially if there's a crew of them. Drug dealers and other criminals get robbed all the time by guys like this but it never gets reported obviously.

>> No.25738244

>>25738072
SABAT
SLUG
2+ PEOPLE

>> No.25738440
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25738440

>>25736212
Can’t you double spend the coins? Send the coins to your wallet and pretend you messed up,then send the coins to their wallet with a tiny fee so it takes ages to confirm on the chain.
Your dilemma is a bit unrealistic since it wouldn’t exactly be a robbery it would involve many complex elements of kidnap, hostage taking, potential torture, cyber crime...
Also why bitcoin? You could in theory trace it back to your robber since they would have to exchange the btc somewhere and btc is a public ledger?
I suppose the solution would be to not hold bitcoin to avoid the scenario, or to create an multi person time locked wallet.
So you would need 3 people in 24 hours to confirm a withdrawal?