pull down to refresh
109 sats \ 9 replies \ @stack_harder 8 May \ on: $330M Bitcoin social engineering theft victim is elderly US citizen bitcoin
I wish they would say how old 'elderly' is, makes a big difference. if you are old as fuck but smart enough to have hodl'd btc all this time and have control over the keys, you're not the usual pig butcher vicim. they'd have to have been way savier than that imo
do we know if they got it from cold storage, or just the usual CEX-type hack?
I'm going to try to get more details. This hits home. I would qualify as elderly. It's easy to say I have been hodling and holding my own keys for years now, but dementia is a real thing. Who knows what my mental acuity will be in the years to come?
reply
I wrote a longish reply and then decided to turn it into its own post. You're asking an important question and I want to know the answer.
reply
pretty impressive to be officially elderly but still on the bleeding edge of stacker news. what about Casa's inheritance time lock thing? then if you go off the rails, it would just be in a will along with the other stuff
reply
I didn't mean this reply as me seeking advice on security, inheritance, etc. I have been considering all of this for a while. I will say Casa's shitcoinery turns me off, and any solution involving a third party of course introduces at least some trust.
reply
reply
out of curiosity, what happens if these companies go out of business in 20 years?
reply
Did you ever write anything up about your inheritance setup? i'd be interested in learning more about that.
reply
Perhaps, but also understand that cognitive decline is often an accelerating process. If they were in their mid/late 60s in 2011, they could be 80 today. It is not out of the realm of possibility that a person who was able to grok bitcoin in 2011, may be unable to resist a scam today.
Of course, we don't know the details here, but I do see it as a possibility, albeit one where the person should have taken steps to protect themselves - however that is the devious nature of cognitive decline, innit.
reply
That was my first though too. Elderly the person may be, but holding that much BTC implies at least some sort of savvy, either in getting in early and hodling for a long time, or being willing to go in that big late in the game...
reply