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Christopher Allen

@ChristopherA

#SmartCustody Adversary — Casual Physical Theft:

Imagine: a robber enters your home and steals the safe containing your Ledger. It wasn't their goal, and they might have no idea what to do with it. But you don't have access to your Ledger any more either. (1/8)

6/17/2020, 2:15:08 PM

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Christopher Allen

@ChristopherA

This is what I call CASUAL PHYSICAL THEFT, one of the adversaries in #SmartCustody. Like the rest of the adversaries, it's a specific threat that you can assess for your personal situation based on its anthropomorphized motivations. (2/8)

6/17/2020, 2:15:09 PM

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Christopher Allen

@ChristopherA

The motivation here? "I just want an easy score, and your house looks like it. ... if you got a safe, I’ll try to take that too. I have no idea what I'll do with it, or with the contents if I can get it open. If I see some weird numbers, I’ll probably just trash them." (3/8)

6/17/2020, 2:15:09 PM

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Christopher Allen

@ChristopherA

Even with theft, one of the most likely consequences is loss of your funds, not their acquisition by someone else! (4/8)

6/17/2020, 2:15:09 PM

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Christopher Allen

@ChristopherA

Obviously, you minimize the threat of this adversary by having redundant copies of your keys, with the ability to restore your funds so that one CASUAL PHYSICAL THEFT doesn't cost you everything. (5/8)

6/17/2020, 2:15:09 PM

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Christopher Allen

@ChristopherA

But you also need to be proactive. If your coins aren't gone immediately, don't just assume your thief is a knucklhead who doesn't know what to do with your Ledger or your metal plates or whatever. Move your funds! (6/8)

6/17/2020, 2:15:10 PM

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Christopher Allen

@ChristopherA

This also means that you need to be aware that a theft has happened. Consider checking periodically all the locations you store your keys in any form. I even check my safe deposit boxes twice a year. (7/8)

6/17/2020, 2:15:10 PM

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Christopher Allen

@ChristopherA

Have your own stories of CASUAL PHYSICAL THEFT impacting digital assets? Your own solutions? Let us know! And please consider supporting #SmartCustody. We're working on V2, with multi-sigs and other expansions: https://smartcustody.btcpay.blockchaincommons.com/ (8/8)

6/17/2020, 2:17:24 PM

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