Franck LeroyLuke Dash, one core developers of Bitcoin just got all his Bitcoins stolen.
But let's pretend anyone can safely store their life savings in crypto.
It was stored on a cold wallet.
He lost everything: $3.5 million.
Let 2023 be the final death of this giant scam.
He lost everything: $3.5 million.
Let 2023 be the final death of this giant scam.
pinky.@FranckLeroy do you believe everything you read on the internet?
@pinky I believe that whether he says the truth or not, this affects (a lot) the tale of Bitcoin being a "safe" store of value and the mojo: "your keys, your coins".
@FranckLeroy he confirms that Bitcoin was not compromised though. His keys were compromised, which is always a risk. Securing keys is the most critical part of opFinTech. "your keys. Your coins" relies on having a reliable opsFinTech plan. I hope he shares details as he learns where his plan fell apart.
@pinky
Bitcoin *was* not compromised.
Bitcoin *is* the compromission. It is insecure by design, because you can't expect random people master infosec (and not lose / forget their keys).
Immutability is not a feature, it's a bug / a core design flaw.
Bitcoin *was* not compromised.
Bitcoin *is* the compromission. It is insecure by design, because you can't expect random people master infosec (and not lose / forget their keys).
Immutability is not a feature, it's a bug / a core design flaw.
@FranckLeroy I disagree. This is a feature of a zero trust system. I agree that we're in early stage still where the complexity of owning crypto is high (e.g.one must understand the security risk & take measures accordingly). That doesn't mean the technology is doomed or even flawed. See also: electricity and computers.