Re: FreeBitco.in - Contest with $30,000 in GUARANTEED PRIZES now live!
The point is that there are BTC technologies that can be used to fix the "bearer is owner and king" problem. It's been brought up 100s of times and dozens of other sites that use this have been given as examples. It forces wetback and thequack into an accountability problem in that they would then be held accountable for every transaction that is made (which currently does not exist. at all. in any form). If they want to move capitol from a cold wallet to a hot wallet, someone needs to be asked to do so. If the reverse is true, someone should STILL be asked to sign and do so. If they are hacked, hacker would have to get permission from everyone to steal anything. If wetback and thequack wanted to exit scam, they'd literally have to ask permission to do it. If have to ask what I'm referring to, then you should probably just quit crypto now while you still can because you are not equipped to handle the sphere as it is currently. Come back in about 30 years when it's all click-n-go.
WIth the sum they have, You'd want a few wallets with a 4-of-5 multisig at least (two individuals being queeny and wetty
and then three more random entities). But then you're still stuck with a dilemma. Anyone who wants to get involed in what is essentially a deep onion gambling business (for all intents and purposed - sure it's on the light web but that's just because it's no longer as well censored and there are a lot of deep onion sites with more morals)... Anyway, this would still lead to an unreasonable vulnerability unless the money was stored in somewhere like an actual UK business and they got a license for it (whihc they're not going to do for some reason?) - there are gambling sites that run of bitcoin which have licenses now as far as I can tell, I don't know why freebitco.in doesn't go in and try to get one or at least should've got one before it was illegal not to (I'm guessing they're from the uk otherwise why would they use the BVI to hideout).