If I can steal your cryptographic key (a number), I can write to the Bitcoin ledger “I Mubelotix give Buttons840 all my Bitcoin”, and then it’s done, the transaction is complete, it’s written on the immutable public ledger with your own private key. If I can get your private key then I can take all your Bitcoin and you cannot stop me, nobody can, no court, no nation.
Mubelotix@jlai.lu 9 months ago
Sure but it’s easy to secure cryptophic keys. Way easier than securing 1000 moving tons of gold
Buttons@programming.dev 9 months ago
Is it? Like, when any one of the people with access to the key has a standing offer a 1 billion dollars and a life a luxury in another country, are you sure none of them will take the offer? What about when their families are threatened? What about when they get kidnapped and hit with a wrench?
I’m just saying, if we’re talking about so much Bitcoin that it alone makes a country a world power, that’s enough Bitcoin that things have moved beyond law and order and is in the ugly and dangerous realm of war and espionage.
Mubelotix@jlai.lu 9 months ago
That’s why we have multisig and timelocks. Bitcoin doesn’t lack any security feature tbh