A new statement came from Balaji Srinivasan, the former Technology Officer of Coinbase, who reached the agenda of the crypto money industry by claiming that Bitcoin will reach $ 1 million in 90 days in March.
In this statement, Balaji, targeting technology giants Apple and Google, claimed that Apple and Google pose systemic risks for the crypto money industry.
Pointing out that these two technology giants can be used as weapons by governments, Balaji stated that the private keys of crypto money wallets can be seized through Apple and Google.
In this context, Balaji argued that Apple and Google may have a stake in stealing the keywords of people's cold wallets.
“The rise of social media like Twitter and Facebook and its impact on global politics was unimaginable ten years ago. If people were told that in 10 years the US president will tweet, they would think it illogical.
The same is true with Bitcoin. Even after people today embrace Bitcoin in El Salvador, he goes against the notion that "at the end of the decade, the most important political issue in the world may be whether bankrupt governments have enough Bitcoin to finance their transactions."
However, this is highly likely.
What will bankrupt governments do? It can mine, but I don't think the US can do it.
Instead, governments can force Apple and Google to steal the private keys of crypto wallets on the servers, devices, and browsers they control. And the crypto funds received are remitted to a cash-hungry federal government.
Similarly, CEOs of companies can issue legal orders to hack their customers. The same thing happened in Russia last year.
In contrast, what is the possible defense mechanism? I don't know exactly the answer to this question.
But I wanted to raise this question to get us to start thinking about this possible cyber warfare. It's possible that the answer is not just technological, but partially social or political."