Comment on Why Israeli Hackers Just Burned $90M of Crypto 10:59

SolidShake@lemmy.world ⁨1⁩ ⁨month⁩ ago

• ChaoticNeutralCzech@feddit.org ⁨1⁩ ⁨month⁩ ago

  The term is not always literal. By destroying the only copy of the wallet’s private key, the funds become irrecoverable unless the cryptography is broken, which would destroy all of the currency’s value. And yes, the private key can be literally printed and burned.

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  • Venator@lemmy.nz ⁨1⁩ ⁨month⁩ ago

    irrecoverable unless the cryptography is broken, which would destroy all of the currency’s value

    Unless you manage to break the cryptography and keep it a secret 🤑 😂

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