Post
Topic
Board Ivory Tower
Merits 58 from 6 users
Protection against armed robbery of Bitcoin
by
Jet Cash
on 28/01/2018, 17:42:08 UTC
⭐ Merited by Decoded (50) ,suchmoon (3) ,ibminer (2) ,mprep (1) ,malevolent (1) ,cAPSLOCK (1)
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?