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submitted 9 months ago by L4s@lemmy.world to c/technology@lemmy.world

Germany: Police seize bitcoins worth €2 billion::German authorities have seized 50,000 bitcoins, worth some €2 billion, in what could be the largest seizure to date in the country.

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[-] Aussiemandeus@aussie.zone 2 points 9 months ago

Its decentralised blah blah blah and yet the government took it.

[-] makeasnek@lemmy.ml 21 points 9 months ago* (last edited 9 months ago)

They handed over their own BTC over to the government. If you have the private keys, you control the coin. If you don't, no amount of money or guns can make that coin move thanks to math and physics. However, a $5 wrench rammed repeatedly into your head may make you divulge those private keys. Strength of encryption is rarely the weakest link in any modern cryptographic system. But that wrench used on anybody who doesn't know the keys? Useless. It's pretty powerful stuff in that regard.

[-] adam@doomscroll.n8e.dev 5 points 9 months ago

There's always a relevant XKCD.

https://xkcd.com/538/

[-] Fades@lemmy.world 11 points 9 months ago

I don’t know what I’m talking about

This u?

[-] jwing@lemmy.world 6 points 9 months ago

That is a weird way of admitting that you rushed to the comment section instead of, you know, reading the article.

this post was submitted on 31 Jan 2024
109 points (100.0% liked)

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