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patio11's profile
Patrick McKenzie
Patrick McKenzie
Patrick McKenzie
@patio11

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Patrick McKenzie

@patio11

I work for the Internet, at @stripe, mostly on accelerating startups. Opinions here are my own.

東京都 Tokyo
kalzumeus.com
Joined February 2009

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    Patrick McKenzie‏ @patio11 27 Sep 2018
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    Reading an article about Bitcoiners which mentions a frequently reported detail: lots of concern for personal security because of worries about kidnapping. At risk of stating the obvious: you could identify tens of thousands of AppAmaGooBookSofr employees with 7+ figure accounts

    7:14 PM - 27 Sep 2018
    • 5 Retweets
    • 45 Likes
    • John Lee bayes base bays based Kevin Chen Christian Schorn Jaurieres Hodler Will Strinz 🌐 Ben Shope http status 0
    6 replies 5 retweets 45 likes
      1. New conversation
      2. Patrick McKenzie‏ @patio11 27 Sep 2018
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        You don’t see corporate security needing to tell people on day one “The first rule of working at Google is never telling anyone you work at Google. Don’t put on your hoodie; a Google hoodie is an invitation to get tortured for your eTrade password.”

        9 replies 3 retweets 27 likes
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      3. Patrick McKenzie‏ @patio11 27 Sep 2018
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        To the extent that this is not paranoia induced by spending too much time around seedy sorts, it’s another indictment on the industry’s controls and custody offerings.

        5 replies 3 retweets 25 likes
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      4. End of conversation
      1. New conversation
      2. ؜‏ @oskarth 27 Sep 2018
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        Replying to @patio11

        Don't you think it's slightly easier to take someone's hardware crypto wallet, force them to give up their PIN and then launder the money? Vs transferring millions of dollars from a traditional bank account through SWIFT and not get caught.

        2 replies 0 retweets 1 like
      3. Patrick McKenzie‏ @patio11 27 Sep 2018
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        Replying to @oskarth

        I agree that the financial industry is less likely to be clownshoes about this than the Bitcoin industry. My point is that the Bitcoin industry is clownshoes.

        1 reply 1 retweet 7 likes
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      1. Shobhit Bakliwal‏ @shobhitic 27 Sep 2018
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        Replying to @patio11

        Well, maybe not a big deal in US but having money can have serious consequences if you're not politically connected (places in India like Bihar are notorious for this). I remember @peldi saying in a video that they removed the salaries or revenue from their site because of same

        0 replies 0 retweets 1 like
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      1. Dan O'Prey‏ @danoprey 27 Sep 2018
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        Replying to @patio11

        I think the concern is the nature and pseudonyimity of Bitcoin makes them a more appealing target. You'd have to get already rich people to buy Bitcoin to achieve the same outcome.

        0 replies 0 retweets 0 likes
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      1. Justin Blank‏ @hyperpape 27 Sep 2018
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        Replying to @patio11

        I can't decide if this is paranoia, or the result of whatever money a bitcoiner has being very crime friendly assets.

        0 replies 0 retweets 1 like
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      1. Matt Guttman‏ @RealtimeAI 27 Sep 2018
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        Replying to @patio11

        They are also anticipating their future EXTREME wealth when bitcoin flips with the dollar.

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