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    Author Topic: Physical bitcoins can get stolen...  (Read 8395 times)
    casascius (OP)
    Mike Caldwell
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    The Casascius 1oz 10BTC Silver Round (w/ Gold B)


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    November 18, 2011, 05:54:41 PM
     #1

    But not by hackers!

    Someone reported the first theft of four physical bitcoins in a recent burglary.

    Quote from: a_buyer_of_physical_bitcoins_in_Canada

    Oh I forgot to mention out of the first batch of coins I purchased I had given a few away, 4 of them had been physically stolen in a burglary, the guys had been later caught and some of the items recovered, jewelry etc,, but no bitcoins not sure if they got spent/sold or what Smiley


    I find it novel to point out that this is about the only way physical bitcoins can be stolen... same as cash.

    The four physical bitcoins are active and legitimate, so nobody needs to worry about their own coins being at risk.

    Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper or hardware wallets instead.
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