effective and fully decentralized means we're all Fort Knox [was: Cryptsy theft->bankruptcy]

On 1/19/16, dan@geer.org <dan@geer.org> wrote:

... Bitcoin Heist Steals Millions from Exchange

full decentralization a double edged sword, for sure. if we're all sovreign bankers and multi-national producers, perhaps Snowden threat model not so outlandish? first disable passive Eve, then deny Mallory her middle, finally defend the edges from Black Burglary... sounds trivial! ;) best regards,