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To: nickcarraway
I have been asking the same question for five years.

If someone hacks an anonymous Bitcoin, how does the rightful owner prove ownership?

If someone steals your fungible cash from a bank, you have monthly account statements, plus federally backed insurance.

If someone steals a Bitcoin and changes the pass code, the only thing left in your account is fresh air.

6 posted on 12/13/2024 2:47:09 PM PST by zeestephen (Kamala Lost The Election By Just 230,000 Votes - In Wisconsin, Michigan, and Pennsylvania)
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To: zeestephen
If someone hacks an anonymous Bitcoin, how does the rightful owner prove ownership?

I thought blockchain?

11 posted on 12/13/2024 2:54:03 PM PST by nickcarraway
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To: zeestephen
If someone hacks an anonymous Bitcoin, how does the rightful owner prove ownership?

You've asked this stupid bitcoin question multiple times and we've answered you multiple times, but you never bother to read the responses.

14 posted on 12/13/2024 3:08:01 PM PST by Right_Wing_Madman
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To: zeestephen

You should probably read up on the BTC tech before setting straw men.


23 posted on 12/13/2024 8:07:44 PM PST by Drago
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To: zeestephen
If someone steals a Bitcoin and changes the pass code, the only thing left in your account is fresh air.

There are only two ways to hold bitcoin: custodial and non-custodial. If people are speculating (as many people are), the account at the custodian can be hacked and the proceeds can be stolen.

But Bitcoin was designed to be held by people with a private key. It's true that your phone can be hacked but that private key will still be protected from theft. If your private key is in a hardware wallet then it's safe for most people.

28 posted on 12/14/2024 1:02:34 PM PST by palmer (Democracy Dies Six Ways from Sunday)
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