This note looks at physical attacks on bitcoin and crypto-asset holders as adaptive processes rather than simple “wrench attack” events.
The core idea is that technical constraints do not have fixed effects under coercion. What matters is also how the attacker interprets them: as genuine incapacity, temporary friction, deception, or evidence of outside intervention. The same mechanism can therefore lead to abandonment, circumvention, delay, or escalation.
The model separates physical control from asset control, tracks attacker beliefs and available signals, and treats time as several competing processes rather than assuming that delay is inherently protective.
Interested especially in criticism of the model: missing attack paths, bad assumptions, categories that do not survive real cases, or situations it cannot represent cleanly.
https://bitryonix.org/security/notes/001-2026-08-26-physical-attacks-on-bitcoin-and-crypto-asset-holders-an-adaptive-process-model