this post was submitted on 29 May 2024
459 points (97.7% liked)
Technology
57472 readers
5992 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
If I lose to key to my vault, and require a locksmith to enter… does my vault hold no value until I can enter it? Of course not, the contents is still there.
I get where you’re going, but really it makes no sense. The value (or as close to value as we are willing to put on crypto) was always there. Whether or not someone was able to get into it doesn’t change the fact that it’s there.
If a vault buried somewhere you don't remember is unearthed by experts decades later, I would argue it isn't yours.
Forgetting the password is more akin to losing the key. You dont forget where the blockchain is.