I read the article and don’t understand what a physical crypto asset is that would require theft by breaking into the house. I thought the whole point of crypto was it is digital
Data is stored on a hard disk. You can steal those.
However, this sounds more like the “transfer me your crypto or I’ll bash ya” kind of old school thuggery.
Anyone with a crypto wallet on a hard disk would have it encrypted, backed up, and paasworded too. Stealing the physical disk would only work if you also had means to break into it, and transfer the funds faster than the owner can do the same from their backup.
Some people print their Bitcoin wallet recovery phrase onto a metal sheet, so they’ve got a fire and error proof way to recover the wallet. That would be easy to steal.
I read the article and don’t understand what a physical crypto asset is that would require theft by breaking into the house. I thought the whole point of crypto was it is digital
Data is stored on a hard disk. You can steal those.
However, this sounds more like the “transfer me your crypto or I’ll bash ya” kind of old school thuggery.
Anyone with a crypto wallet on a hard disk would have it encrypted, backed up, and paasworded too. Stealing the physical disk would only work if you also had means to break into it, and transfer the funds faster than the owner can do the same from their backup.
Some people print their Bitcoin wallet recovery phrase onto a metal sheet, so they’ve got a fire and error proof way to recover the wallet. That would be easy to steal.
I store it up my ass so good luck
😏
We’ll x-ray your ass.
So: https://xkcd.com/538/
Truly, a comic for every occasion.