And there is at least one strong possibility for COERCION in first-world countries: SWATting, where the police are sent in to possibly kill you based on fake 911 calls. This isn't isn't only a #BLM problem.(4/8)

Christopher Allen

@ChristopherA

#SmartCustody Adversary — Coercion

COERCION? Ugh. It's a terrible adversary that can threaten the #SmartCustody of your digital assets. Someone is demanding those assets based on a threat to you, your family, or your friends. (1/8)

6/25/2020, 11:18:26 AM

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Christopher Allen

@ChristopherA

Here's our take on the motivation: "I know you have cryptocurrency. Well, I’ve got power in the real world. ... I want to get what you have, and I’m going to force you to give it to me by any means necessary." (2/8)

6/25/2020, 11:18:26 AM

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Christopher Allen

@ChristopherA

How real is this threat in the first world? It's limited. Though of course that's the exact sort of assement you need to make in #SmartCustody, when you look at the motivations of anthropomorphized adversaries, and see how they impact you. (3/8)

6/25/2020, 11:18:27 AM

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Christopher Allen

@ChristopherA

And there is at least one strong possibility for COERCION in first-world countries: SWATting, where the police are sent in to possibly kill you based on fake 911 calls. This isn't isn't only a #BLM problem.(4/8)

6/25/2020, 11:18:28 AM

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Christopher Allen

@ChristopherA

Elsewhere, kidnapping can be a real problem, in which case you're being coerced to give up your digital assets due to threats to yourself or your family. (5/8)

6/25/2020, 11:18:29 AM

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Christopher Allen

@ChristopherA

There's a list of real-world COERCION of this sort that includes SWATting, kidnapping, and torture. (6/8) https://github.com/jlopp/physical-bitcoin-attacks

6/25/2020, 11:18:30 AM

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Christopher Allen

@ChristopherA

One gamble is to have two sets of funds, those which you are able to give away easily based on a threat, the second you genuinely can’t give up due to a multisig or timelock. But sometimes it's a question or your money or your life: try not to get into a position like that .(7/8)

6/25/2020, 11:18:30 AM

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Christopher Allen

@ChristopherA

Have your own stories of COERCION 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)

6/25/2020, 11:18:31 AM

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