According to Balaji Srinivasan, our rulers can deprive us of our cryptocurrency holdings if they want. They will indeed be able to use Apple, via our iPhones and iPads, and Google if necessary. Explanations!
Our cryptos are breachable
Crypto-enthusiasts dislike IP address leaksas is the case with MetaMask, and confidential data breaches. This is why they like decentralized exchanges (DEX) and non-custodial crypto wallets.
But Balaji Srinivasan fears the worst about the future of our digital assets.
” Apple and Google represent systemic risks for crypto.
If the feds weaponize it, they could create backdoors on the iPhone and Android to exfiltrate private keys. »
bitcoin.comwhich took up this tweet, for its part revealed that the former CTO of Coinbase recognizes that the United States authorities are in a position to compel the GAFAM companies to comply in due course. By making injunctions to Apple or Google, they will be able to get private keys via devices and applications under the control of these tech giants. Goodbye Bitcoin!
” It’s not cyber terrorism, it’s cyber warfare. It’s not about some random hacker who manages to sneak a file out. It’s when the CEO of a company gives the legal order to hack their customers “, he breathed.
Confiscation of bitcoin by an increasingly impoverished government
In the United States, all we talk about is a decline in the dollar and a recession. For Mr. Srinivasan, such situations could lead the White House to dictate a legal act of data piracy hodlers in the future.
Admittedly, the country of Uncle Sam cannot yet carry out a 51% attack, given the lack of control of the computing power of the BTC network. But we should not underestimate the other alternatives that present themselves within our reach.
Besides, with iPhones and iPads, Macbooks, iMacs, Android phones, as well as Chrome browsers, Gmail and Google Docs accounts which number in the billionsour rulers will not deprive themselves of joy when that day arrives.
This is where Ledger-type hardware wallets become essential.
” If you can’t trust the operating system itself, things get tricky. Linux-based exchanges are another possible solution, but they are of course conserved and likely vulnerable to similar attacks.
I don’t have all the answers, but I want to raise the question so we can start thinking about it. The answer may be partly social or political, not just technological. “, he concludes.
To say that the UK government also wants to seize cryptocurrency from tax offenders via HMRC.
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