Re:The Internet Trolls the FBI’s “Private” Bitcoin Wallet
by betterunix on Monday October 07, 2013 @01:47PM
(#6509897)
How is this better than paper money? Store your paper money in a few secret locations, and have your accomplice run to those locations and take the money somewhere else when you are arrested.
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Re:The Internet Trolls the FBI’s “Private” Bitcoin Wallet
by Karunamon on Monday October 07, 2013 @03:25PM
(#6510557)
Because if two people have a copy of the wallet file, you've got a situation which is essentially impossible with physical currency.
I'd liken it to two physical credit cards with the same number, but that's a poor analogue as the feds can just ring the card company and have the account seized regardless of the physical "pointers" to that data.
Bitcoin, access to the wallet file = access to the funds, at least until there's a spend. I believe that makes it rather unique.