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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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    1. 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

      6 replies 5 retweets 45 likes
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    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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      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.

      7:17 PM - 27 Sep 2018
      • 3 Retweets
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      5 replies 3 retweets 25 likes
        1. Daniel Franke‏ @dfranke 27 Sep 2018
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          Replying to @patio11

          You're a lot more likely to succeed at actually keeping and spending a million dollars in stolen bitcoin than a million dollars stolen out of an eTrade account.

          0 replies 0 retweets 1 like
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        1. Noah Tye‏ @noahlt 27 Sep 2018
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          Replying to @patio11

          The paranoia may also merely be a sort of masked narcissism, or pride, or signalling.

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        1. Dan O'Prey‏ @danoprey 27 Sep 2018
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          Replying to @patio11

          How is it an indictment on that? It's a feature not a bug.

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        1. brennan‏ @letkma 27 Sep 2018
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          Replying to @patio11

          I always assumed the difference was that with real financial system paper trails it's relatively hard to force someone to digitally move money against their will and also get away with it, whereas bitcoin transactions just disappears into the (forgive the pun) aether

          0 replies 0 retweets 0 likes
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        1. New conversation
        2. Andrew Hires‏ @AndrewHires 27 Sep 2018
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          Replying to @patio11

          Given the history of exchanges losing custody as a nearly inevitable outcome, holding your own private keys is deeply ingrained. Ironically, codes in a safe deposit box at bank still seem the best way to go for now.

          1 reply 0 retweets 1 like
        3. Matt Guttman‏ @RealtimeAI 27 Sep 2018
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          Replying to @AndrewHires @patio11

          Physical security infrastructure.

          0 replies 0 retweets 1 like
        4. End of conversation

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