The $5 Wrench Attack And Your Bitcoin Stack
A proposed set of solutions to the often-thought-about physical security of bitcoin storage
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A proposed set of solutions to the often-thought-about physical security of bitcoin storage
Alright, class, let s put our tinfoil hats on for today’s discussion. In today’s lesson, we are going to address surviving the fabled $5 wrench attack with our health and bitcoin stack intact.
First, some background: what is a $5 wrench attack?
I m glad you asked. It s actually quite simple.
Imagine for a moment that through some sequence of events, crooks or criminals learn that you are the proud owner of a handsome stack of satoshis. Whether through poor operational security on your part, or a customer data breach, or by other means, it doesn t really matter. They know (or assume) that you own and control the private keys to a stash of bitcoin. And now they know where you live. Add in one of Bitcoin s pre-programmed bull cycles, and now, o