Bitcoin Family etches keys onto metal cards on 4 continents after kidnappings

If Taihuttu is this concerned about the security of his family and assets, then why would he want to bait would-be attackers by disseminating his family’s whereabouts so flagrantly? He turns his plans, whatever their technical and safety merits into some kind of theatre. It would seem that their needs for publicity outweigh that of safety.

This makes no sense. It’ll just take him longer to pay the ransom once body parts of his family member start getting delivered.

I don't get it. How does he access his BTC when he needs it? Does he go to 4 continents to get the parts of his key? I can't see how it's easy for him to access his BTC, but difficult for someone who kidnaps him to force him to access his BTC.

I remember reading that the Templars started the first bank precisely to defend pilgrims from attacks like these. Cryptocurrency is running back the clock.

Being your own bank is no fun.

Sure, this will keep his holdings safe. How does this keep his family safe?

Nakamoto was a genius to have the foresight to hide his identity.

Seems a lot easier to give custody of the keys to a law firm.

Here is an idea: Instead of using a decentralized network, which by design can not protect users against illicit use of their funds if a third party has the private keys, what if we had trusted and regulated institutions which would provide services such a safekeeping of money or distribution of funds? Having human in the loop means of course human errors, but it would also enable us to keep the institutions accountable in case of such human error and even reverse illicit transactions.