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by toolz
1903 days ago
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you're all over the place, first it's crypto that's easy to steal now it's the goods you buy with crypto or the fiat you have to convert into. If the vulnerability is when you buy goods or hold fiat then crypto isn't the problem. Your bank is safe, so is your wallet. If an attacker takes the keys to your bank or the keys to your wallet you are compromised. Maybe your bank is insured and will refund your withdrawals if you can prove you were forced to withdraw by an attacker. I'm sure that's something that would happen in Italy, but in the poor parts of the world I'm familiar with that is not the case. >> > people at gunpoint are made to withdraw cash from ATMs. It's common enough. it's not. this is just ignorant - I've witnessed this multiple times. Maybe it's you living in Italy that has no exposure to the realities of poorer countries if you're ignorant of this common attack. |
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crypto is as easy to steal as any other property.
I was just playing along the game "crypto is safer"
it's not
> If an attacker takes the keys to your bank or the keys to your wallet you are compromised
Nope.
If I can prove that the keys to my bank account were stolen I don't lose anything.
That's why, again, we use banks.
> Maybe your bank is insured and will refund your withdrawals if you can prove you were forced to withdraw by an attacke
it's a requirement for members of the World Bank
go see the list of Countries
it includes places like Liberia, Afghanistan, Nicaragua
of course in Colombia or Los Angeles (same level of criminal behaviour) it happens more than in safer places, that still means that the greatest danger is losing your life, not your money.
and how is that different when using crypto?
I don't think that people using crypto become magically bullet proof.
> this is just ignorant - I've witnessed this multiple times. Maybe it's you living in Italy that has no exposure to the realities of poorer countries if you're ignorant of this common attack.
where exactly?
can you point me to some info?
you probably don't know that banks have to reimburse you if someone stole your money from the ATM, because it's their duty to protect them.
but even admitting you are right, they can only steal the amount of money you can withdraw from the ATM
if they get the keys to your wallet using the proverbial gun pointed at your head, you lose everything and can't get it back
police can't even do anything about it (to make it clear, you can prove you had the money before they were stolen, because the bank keeps a log of the transactions made by the ATM machine and can tie them to your persona, how can you prove those bitcoins were your property? if you own the keys you own the wallet)