| Chrizum said: Agreed on your points generally, except for your response on private keys existing on your computer. You could have a document on your computer which stores your private key but that would be really insecure in my opinion. I think it's much safer to store your private key physically divided in multiple parts and stored in multiple locations. That way it's impossible to confiscate your Bitcoin by just confiscating your computer or any other data holder. Also protects you from hacking. |
Well yes, you can print out your key or copy it on USB-sticks. If the authorities don't find all copies and all copies are encrypted by a password only you know, then the authorities cannot use the copies they found, and you can still use your hidden copies. It is just effort. But I guess, if you own multiple Bitcoin (which is a lot of money), then probably that effort is not uncalled for.
