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

Technology

59653 readers
2632 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
L3s
[email protected]
[email protected]
L4s
enu
113
Germany: Police seize bitcoins worth €2 billion (www.dw.com)
submitted 10 months ago by L4s to c/technology
15 comments fedilink hide all child comments
 

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.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 21 points 10 months ago* (last edited 10 months ago) (1 children)

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.

[–] [email protected] 5 points 10 months ago

There's always a relevant XKCD.

https://xkcd.com/538/