After seeing yet another story about kidnapping and robbery resulting in the theft of Bitcoins, I’m wondering how this latest could have been prevented. The person was wanting to bring the bitcoins (presumably protected with a hardware wallet or perhaps with 2FA on mobile), but had control of them enough during the robbery to transfer them to the robbers.
As Jameson Lopp states, each successful robbery effectively spawns even more robbery attempts:
At one time I had seen a strategy of putting your coins into a locked state for a period of time, yet that transaction is a multisig as well which did not have a lock so that if you were robbed (and were not killed) you could return home and double spend the funds using the other key. Is that approach documented anywhere? Or are there better approaches?
[Edit: now looking at Hashed Timelock Contracts (HTLC) with revocation: https://rusty.ozlabs.org/?p=462 ]
Breaking: “The CFTC now allows its employees to trade Bitcoin and other digital assets. Moreover, CFTC’s Chairman J. Christopher Giancarlo recognizes that Bitcoin can no longer be ignored and that cryptocurrencies offer both significant challenges and opportunities”.
View Reddit by domelane
World Economic Forum Bitcoin Discussions “Validate the Movement
China’s largest e-retailer (NASDAQ listed, 260+ million users) to integrate Ethereum-based platform for freelancing marketplace & Amazon MTurk-esque micro-services!
View Reddit by GrapeJamAndFish
When Newsweek said Dorian Nakamoto was Satoshi in March of 2014, the p2pfoundaton.ning.com account associated exclusively with Satoshi Nakamoto [came out of retirement](http://p2pfoundation.ning.com/forum/topics/bitcoin-open-source?commentId=2003008%3AComment%3A52186) just long enough to say that Newsweek got it wrong.
Two years later when Craig Wright claimed to be Satoshi, the Ning account remained quiet.
First, I find it odd that Wright would risk making the claim knowing how easy it would be for Satoshi to discredit him via a simple post.
Second I find it odder that Satoshi did not in fact discredit him.
And of course, Satoshi’s wallet remains untouched.
It makes me wonder if Satoshi is still alive.
[edit: I meant so include this]
I find Satoshi’s silence on Ning also a damning bit of evidence against Wright. A post there would have been better than his “cryptographic miracle”.
Digipulse’s BETA has been released
View Reddit by goodtimes822
Why did Hal Finney count 20M instead of 21M?
Another kidnapping and robbery — 300 BTC (~$3M) stolen from this altcoin founder
Why Bill Gates Thinks Cryptocurrencies Are Super Risky