{"id":28728,"date":"2017-12-10T10:40:28","date_gmt":"2017-12-10T15:40:28","guid":{"rendered":"http:\/\/olduvai.ca\/?p=28728"},"modified":"2017-12-10T10:40:28","modified_gmt":"2017-12-10T15:40:28","slug":"bitcoin-doesnt-exist-5","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=28728","title":{"rendered":"Bitcoin Doesn\u2019t Exist \u2013 5"},"content":{"rendered":"<header class=\"post-header title-container fix\">\n<div class=\"title\">\n<h3 class=\"posttitle\"><a class=\"entry-title\" title=\"Bitcoin Doesn\u2019t Exist \u2013 5\" href=\"https:\/\/www.theautomaticearth.com\/2017\/12\/bitcoin-doesnt-exist-5\/\" rel=\"bookmark\">Bitcoin Doesn\u2019t Exist \u2013 5<\/a><\/h3>\n<\/div>\n<\/header>\n<div class=\"entry-container fix\">\n<div class=\"entry fix\"><center><a href=\"https:\/\/commons.wikimedia.org\/wiki\/File:Gustave_Courbet_-_Sunset_on_Lake_Geneva_-_WGA05520.jpg\" target=\"new\"><img decoding=\"async\" src=\"http:\/\/3r8md7174doo44lgpk3kou79-wpengine.netdna-ssl.com\/wp-content\/uploads\/2017\/11\/GustaveCourbetSunsetonLakeGeneva1876.jpg\" border=\"0\" \/><\/a><br \/>\nGustave Courbet <b>Sunset on Lake Geneva <\/b>1876<\/center><center><img decoding=\"async\" src=\"https:\/\/3r8md7174doo44lgpk3kou79-wpengine.netdna-ssl.com\/wp-content\/uploads\/2013\/12\/HorLine300px.png\" \/><\/center>Chapter 1 of this five-part series by Dr. D is here: <a href=\"https:\/\/www.theautomaticearth.com\/2017\/12\/bitcoin-doesnt-exist-1\/\" target=\"new\">Bitcoin Doesn\u2019t Exist \u2013 1<\/a><\/p>\n<p>Chapter 2 is here: <a href=\"https:\/\/www.theautomaticearth.com\/2017\/12\/bitcoin-doesnt-exist-2\/\" target=\"new\">Bitcoin Doesn\u2019t Exist \u2013 2<\/a><\/p>\n<p>Chapter 3 is here: <a href=\"https:\/\/www.theautomaticearth.com\/2017\/12\/bitcoin-doesnt-exist-3\/\" target=\"new\">Bitcoin Doesn\u2019t Exist \u2013 3<\/a><\/p>\n<p>Chapter 4 is here: <a href=\"https:\/\/www.theautomaticearth.com\/2017\/12\/bitcoin-doesnt-exist-4\/\" target=\"new\">Bitcoin Doesn\u2019t Exist \u2013 4<\/a><\/p>\n<p>Next up: all 5 chapters combined in one big essay.<\/p>\n<p><center><img decoding=\"async\" src=\"https:\/\/3r8md7174doo44lgpk3kou79-wpengine.netdna-ssl.com\/wp-content\/uploads\/2013\/12\/HorLine300px.png\" \/><\/center><i><b>Dr. D: <\/b><\/i>Bitcoin can be stolen. Although \u201cBitcoin\u201d can\u2019t be hacked, it\u2019s only software and has many vulnerabilities. If held on an exchange, you have legal and financial risk. If held at home, you could have a hard drive fail and lose your passwords. If it\u2019s on a hardware fob like a Trezor, the circuits could fail. For a robust system, computers themselves are pretty fragile. You could write down your passwords on paper, and have a house fire. You could print out several copies, but if any of the copies are found, they have full access to your account and stolen without you knowing. You could have your passwords stolen by your family, or have a trojan take a screen or keystroke capture.<\/p>\n<p>Hackers could find a vulnerability not in Bitcoin, but in Android or AppleOS, slowly load the virus on 10,000 devices, then steal 10,000 passwords and clear 10,000 accounts in an hour. There are so many things that can go wrong, not because of the software, but at the point where you interface with the software. Every vault has a door. The door is what makes a vault useful, but is also the vault\u2019s weakness. This is no different than leaving blank checks around, losing your debit card, or leaving cash on your dashboard, but it\u2019s not true that there are no drawbacks. However the risks are less obvious and more unfamiliar.<\/p>\n<\/div>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Doesn\u2019t Exist \u2013 5 Gustave Courbet Sunset on Lake Geneva 1876Chapter 1 of this five-part series by Dr. D is here: Bitcoin Doesn\u2019t Exist \u2013 1 Chapter 2 is here: Bitcoin Doesn\u2019t Exist \u2013 2 Chapter 3 is here: Bitcoin Doesn\u2019t Exist \u2013 3 Chapter 4 is here: Bitcoin Doesn\u2019t Exist \u2013 4 Next [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[63,4174,13266,17358,17359,3225,1482,652,13924,4266,17361,5177],"class_list":["post-28728","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-banks","tag-bitcoin","tag-blockchain","tag-crypto","tag-exchanges","tag-hackers","tag-mining","tag-privacy","tag-raul-ilargi-meijer","tag-resiliency","tag-satoshi","tag-the-automatic-earth"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28728","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28728"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28728\/revisions"}],"predecessor-version":[{"id":28729,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/28728\/revisions\/28729"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28728"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28728"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28728"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}