:: Re: [unSYSTEM] bitcoin seeks mainst…
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Author: Robert Williamson
Date:  
To: System undo crew
Subject: Re: [unSYSTEM] bitcoin seeks mainstream yay
Reminds me of this.
http://classic.coinlab.com/storage

CoinLab's Tiered Security Options:
>
>    - Medium Security (Hot Wallet) amounts are kept minimal and layered
>    behind clients and firewalls
>    - High Security (Cool Wallet Storage) is kept in a physically secure
>    location
>    - Ultra High Security (Cold Wallet Storage) is split using Shamir's
>    Secret Sharing Algorithm and distributed physically

>
> lol


You wealth is no longer yours once you send it to someone else, it merely
becomes a debt owed to you. There's no difference between this and
depositing your money in a bank. You're give away your money and your
privacy to goons that are hardly more capable than most people looking
after a paper wallet.




On 3 November 2013 16:11, Amir Taaki <genjix@???> wrote:

>
>
> http://www.nytimes.com/2013/10/31/technology/bitcoin-pursues-the-mainstream.html?pagewanted=all&_r=1&
>
> "Mr. Allaire also said his company, which is based in Boston, will
> protect its customers? bitcoin by creating ?offline reserves? ?
> batches of the digital currency on physical storage devices, like a
> hard drive, not connected to the Internet. The offline bitcoin
> reserves will be protected by armed guards, he said."
>
> lol what
>
> > The offline bitcoin reserves will be protected by armed guards
> > protected by armed guards armed guards
>
> this is 2014, not 1990. you're securing your cryptocoins wrong.
>
> - --
> Abolish the NSA
>
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>