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A comment on US Attorney Announces $3.36B Cryptocurrency Seizure in Connection with Silk Road. Parent comment

Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by ISL on Monday November 07, 2022 @10:17AM (#33506877)
The potential value-density of crypto is unmatched, but I'm not sure it is "easy" to store in a manner like that.

If another resident of Zhong's household had discarded the popcorn tin, he could have been out $1B. It's is difficult, but not impossible (see fat-finger transactions) to do that with other asset classes.

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Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by zmaurelius on Monday November 07, 2022 @10:37AM (#33507165)
Holding a large amount of cryptocurrency without multiple backups spread around various geographical locations is foolish. So ultimately to store cryptocurrency securely, its never actually easy when you get down to the nuts and bolts of it.
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Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by ilyt on Monday November 07, 2022 @11:02AM (#33507581)
Steganography might've been interesting way to deal with it, make big QR code with credentials to 1M wallet and hide 1B wallet info as steganography in that picture
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Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by Scoundreller on Monday November 07, 2022 @01:45PM (#33510263)
Who said he didn’t have any other backups elsewhere?

Impossible to prove he didn’t have his private keys backed up elsewhere.

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Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by duxup on Monday November 07, 2022 @10:20AM (#33506904)
Agreed, the risks here are pretty high. Even just some catastrophic disk failure.
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Re:US Attorney Announces $3.36B Cryptocurrency Seizure in Co... by int_19h on Monday November 07, 2022 @05:46PM (#33513626)
"There's always money in the banana stand!"
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