this post was submitted on 17 Dec 2023
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The way I read the article, the "worth millions" is the sum of the ransom demand.

The funny part is that the exploit is in the "smart" contract, ya know the thing that the blockchain keeps secure by forbidding any updates or patches.

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[–] shortwavesurfer@monero.town -4 points 11 months ago (24 children)

Besides the obvious of your door lock needing to be connected to the internet, and that could be a problem, what else do you see as being an issue with using it for door keys?

[–] logan_berries@lemmy.world 20 points 11 months ago (4 children)

Another question is: why would you need it for a key?

Long-established public/private keys and signatures are used in this way all the time to control access to servers around the world. No blockchain needed. Blockchain is helpful when we all need to agree on a series of events.

Homes are a nice example of where you can have an isolated system which knows what it needs to about you (e.g. a public key) without sharing or cross-checking anything with the world.

[–] shortwavesurfer@monero.town -5 points 11 months ago (3 children)

The chain would be used to establish who owns the home.

[–] ReplicatedSoda@startrek.website 2 points 11 months ago

Just like the NFTs in the article! Great idea
Lol

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