Re:Coffeezilla, a YouTuber Exposing Crypto Scams
by paulpauper on Saturday May 14, 2022 @02:48PM
(#31381051)
this is not the same as the cryptography being broken
losing crypto due to hardware failure or forgetting keys is not the same as someone taking it by breaking the cryptography . If this were possible, there is tons of crypto right now for the taking. It's a self-funding bug bounty.
Re:Coffeezilla, a YouTuber Exposing Crypto Scams
by skinnymuch on Saturday May 14, 2022 @08:06PM
(#31383966)
Why does that matter? People care if they do or don’t have their money. Not if their money was taken or screwed up for a whitelisted type of reason.
Re:Coffeezilla, a YouTuber Exposing Crypto Scams
by polygamous_bat on Saturday May 14, 2022 @03:44PM
(#31381612)
Yes, but being cryptographically broken is not matter, does it? First rule of computer security is any system is no more strong than its weakest link.
Relevant xkcd [1]: why worry about breaking advanced cryptography when you can just socially engineer the passphrase out of people?
You're correct. In most cases it's dramatically easier to confiscate the crypto. See: the horde of people who've had their cryptocurrency and NFTs stolen. To say nothing of the uncountable Bitcoin billionaires who've had a hard drive crash, lost their keys, forgotten a password, etc.