> There is no crypto scheme, no algorithm, no possible arrangement of private keys and Merkle trees that can escape the reality of men with guns.
On the contrary. It's the only case where maths can defend vs men with guns.
Multi sig schemes spread over different people over several continents make the "men with guns" thing very difficult. Or multisig but m-out-of-n, with a dead beat: if after x weeks you don't hear of person A, person B and C move the coins to a new sig where person A isn't involved anymore.
There are also a shitloads of things you can do with smart contracts. For example you can have a smart contract where if person A's private key doesn't sign anything for more than x weeks ("blocks"), the funds are destroyed.
There also the whole plausible deniability thing: where it's impossible to know where a hardware unlocked with a hardware wallet is the real thing or not.
$5 wrench attack, here's my real password: take the 50 millions. Oops. Decoy. On the other password there's $2bn.
On the contrary. It's the only case where maths can defend vs men with guns.
Multi sig schemes spread over different people over several continents make the "men with guns" thing very difficult. Or multisig but m-out-of-n, with a dead beat: if after x weeks you don't hear of person A, person B and C move the coins to a new sig where person A isn't involved anymore.
There are also a shitloads of things you can do with smart contracts. For example you can have a smart contract where if person A's private key doesn't sign anything for more than x weeks ("blocks"), the funds are destroyed.
There also the whole plausible deniability thing: where it's impossible to know where a hardware unlocked with a hardware wallet is the real thing or not.
$5 wrench attack, here's my real password: take the 50 millions. Oops. Decoy. On the other password there's $2bn.