What if the passwords have been lost? A friend died without anyone knowing the combo for his safe. Actually, we didn’t even know there was a safe to begin with, but we knew there was some precious somewhere. At least when we found it we could drill it out. Taking a jackhammer to a wallet probably doesn’t work as well. You can see the issue – is there any BTC, how much should there be, where is the BTC, and who has the key. BTC transcends borders; useful for a dictator who might need to flee (even if he leaves it too late).
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