289490

It's just completely absurd. See how often and in such large amounts Bitcoin is stolen, and tell me that wouldn't happen with these keys as well. I get the impression there's just a lot of people getting VC money for complete and utter bullshit like this, and somehow employing a team of people for a concept that doesn't even make sense on a flashy website let alone in the real world.

What happens if someone steals the key but not the painting?

What happens if someone steals the painting but not the key?

What if there's two claims for the same thing?

How do you prove that thing == key?

How do you prove thing doesn't have two keys?

What if you lose the key?

It makes absolutely no sense.

That's because there is none. There's at least 5 different groups that got VC funding for the exact same idea, and it's all impossible and illogical. It doesn't even pass a sniff test so I've no idea how they managed to get millions of dollars for the concept.

simon aka Varity Jones aka Plural of Mongoose writes a very long, well written tale with many dubious elements about his life after Silk Road collapses. It supposedly involves high level corruption, $75M of stolen Bitcoin that needs a password, and a beach holiday. It's worth reading, he definitely has a nice style regardless of how much truth there is in the story.