Gyroscopic Investing

I’m sure some of you have read about the Italian tourist who was tortured by some crypto bros in the U.S., in New York. Now they’re saying it was to get his crypto password.

Obviously, they knew enough about the guy for him to be a target. He wasn’t an average joe.

But, I have to wonder, is this how it’s going to be when crypto is widespread? Like carjacking someone and forcing them to go to an ATM and make a withdrawal? Some banks allow an extra PIN that will allow you to take out cash but silently tell the bank that you’re under duress. Will there be a way to let a cryptocurrency transaction go through but at the same time signal coercion?

In the crypto community it's frequently referred to as a "5 dollar wrench attack".

Crypto is becoming valuable enough to the point in which a global game theory is starting to kick in. It reminds of the Dark Forest cosmological hypothesis, too.

As Bitcoin and other tokens start to grow in value, people are going to need to keep quiet about what they may or may not have. Decoy wallets may be a good idea too. Keep a small portion of your crypto in this decoy wallet so that if someone forces you to give up your stash, you have a chance of fooling them.