6 ms·
Unfortunately I couldn't find a better writeup, although I remember it. The basic problem was that they transferred into his "cold wallet" https://www.nerdwall
by Powdering7082 2y ago
Unfortunately I couldn't find a better writeup, although I remember it.
The basic problem was that they transferred into his "cold wallet" https://www.nerdwallet.com/article/investing/hot-wallet-vs-cold-wallet?msockid=38233ea6a5c3681e10d32c78a4bd69ab https://www.nerdwallet.com/article/investing/hot-wallet-vs-c...
He didn't want to have the signal be that he was happy holding SHIBA and was uncomfortable with that much power & control over SHIBA. So he wanted to be able to transfer his SHIBA out to a hot wallet and then burn most of it and donate the rest, given the amount of money involved he took extra steps like buying a new computer to generate the new keys, airgapping it from the internet while it held the cold wallet keys etc