Post
Topic
Board Speculation
Merits 2 from 2 users
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cAPSLOCK
on 15/05/2025, 20:36:14 UTC
⭐ Merited by JayJuanGee (1) ,OutOfMemory (1)

First of all, it's still don't trust, verify.
But nobody can verify what coinbase is telling us.
So they don't deserve to be trusted, or at least trusted in regards that can be verified.
As far as i correctly understood him (honestly, i don't happen to memorize his name, maybe because i care so little about this guy) in the video message, the customers in scope of the breach are being informed, but i was distracted by people around me while watching it.

But the thing with the gun... This isn't enough. Awareness and gun training are really important. There are also legal issues to take care of if you want to hold or use a gun in different countries. But learning to be aware of your surroundings is key to prepare for possible attacks. The bad boys don't drive up at your house, break open a window and start working you with the wrench, they likely observe and collect information in advance. Unfortunately, as i use powerful optics for one of my hobbies, i know how easy it is to observe from a big distance, which makes the observers much less visible. If one has the money (and a house), a panic room would be a good option, because it can be used by other familiy and household members in an emergency. Thinking of the cut off fingers in France to extort private keys from relatives...
I could go on, this topic can get quite complex, at least we can agree that it sucks more than almost anything else to get your personal data leaked when you're holding Bitcoin.


Well said, and I do not mean to say a gun alone is the answer by any means.  People with guns without the understanding of how to use them and the risks etc are likely worse off in most ways.  And of course different places have different laws.  I think your safe room is a much better option, though yes expensive.  Must do some thinking on the concept of the misers/poor man's safe room design.

This also ends up being yet another reason for "Bitcoin Banks".  But I am hoping we continue to see the development of the kinds of Banks a cypherpunk would want to use.  The various mutisig scenarios in which the bank cannot act alone... time locks on portions of holdings.  No fractional holdings and of course full view of addresses.  Good schemes for UTXO control, and privacy.  And non centralized holdings.  Perhaps some value in BTC some in LBTC (though the jury is still out on federated models IMO as much as I like them).