Posted on 02/20/2022 4:33:13 PM PST by Texas Fossil
This was the team’s response.
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Me at 10:40AM
to Monique
Dear the Ontario Superior Court of Justice, Numchuk is a self-custodial collaborative-multisig Bitcoin wallet. We are a software provider, not a custodial financial intermediary.
Our software is free to use, It allows people to use single points of failures and store bitcoin in the safest way possible, while preserving privacy.
We do not collect any user identification information beyond email addresses. We also do not hold any keys. Therefore:
* We cannot "freeze" our users' assets. * We cannot "prevent" them from being moved. * We do not have knowledge of "the existence, nature, or value and location" of our user's assets. This is by design.
Please look up how self custody and private keys work. When the Canadian Dollar becomes worthless, we will be here to serve you, too.
Sincerely.
the Numchuk team.
***
Crypto “nerds” don’t store the private keys on their computers. They are stored on hardware wallets. If you enter the wrong password three times, it is disabled. You would then need the 24 word pass key to access it. Chances are, it’s locked in a safe.
They won’t be hitting Nunchuck.
They will be hitting the owner of the Bitcoin wallet.
And the FBI or Mounties would never threaten prison or bodily harm to you or or family if you don’t give up the password….
If you feel that your money is safer in the bank or wherever you choose to keep it, so be it. Crypto is not for everyone.
There is already one Doctor in Lubbock, Texas suspended from hospital privileges for contributing $500 to the Canadian Truckers.
This is total BS.. Fired because he gave to a cause he believes in? I will bet they wouldn’t say a thing about a contribution to Black Lives Matter now would they?
I tell you what. The run on the banks in 1929 helped cause the great depression!!
If you remember the precursor to this was biden passing laws to have the IRS monitor all transactions above 600 dollars here in the US. This is their way of sneaking in to your personal accounts and controlling them. Just think in the future a declaration will be made that anyone who has savings above a certain amount will be frozen and the remainder of your savings will go to a good cause
No, the run on the bank was an indicator, not the cause.
The cause was partially connected on the US acting to protect the English currency and it biting us.
There were a lot of precursors that lead to that crash. In the distant past there were a lot of “panics”. That was in the days when money was not just printed.
Life was Spartan and much simpler than today.
Wild speculation in stocks also got out of hand prior to the crash. It was global.
Panics were in the past a more common and more devastating event when banking was more local.
But Banking was more sane when it was local.
Too big to fail did not exist.
Starting to see a pattern behind this 4th Reich, I mean 4th Industrial Revolution.
It's not a code, it's a long and complex key. There are as many possible keys as there are atoms in the universe, roughly. And you can only make a limited number of guesses per second because blockchain is computationally slow. And if after a few trillion years you happened across the keys to "a" active wallet, the odds are one in a billion it would be the wallet you're trying to seize.
The magic of the Internet brings us a website listing every possible key. Not containing every key, because that would be physically impossible even if you stored digital data at the atomic level, because you would run out of atoms in the universe before you could store all the keys digitally.
Notice how there is latency in populating the blockchain data in the leftmost columns.
There are hardware wallets as well. I use Trezor, can't tell you if it's the best, it's just what I use. The main thing is to have a physical record of your wallet's BIP39 seed phrase (the words), rather than relying on electronic storage. The list of words should be in a form which is essentially indestructible.
One approach is stamping or etching the words or their numeric codes from the BIP39 list into a titanium coupon. That should probably survive just about anything except the Earth falling into the sun. The titanium blanks are available online.
Agree
And that which has been seen, cannot be unseen.
Read this letter as Numchuks to NUMBNUTS and take it as is!!
Was my transcription error. It should have been Nunchuk. My typing at times is flawed. Along with my 74 year old brain.
smile.
falling into the sun. The titanium blanks are available online.>>> than you i’ll have to digest this.
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