3 ms·
They have MFA at the account level. Serious question: is what you described more secure than that? These vaults mean they take coins offline, so it becomes a ph
by sputknick 9y ago
They have MFA at the account level. Serious question: is what you described more secure than that? These vaults mean they take coins offline, so it becomes a physical security task to secure them.
- deleted 9y ago[deleted]
- androng 9y agoYes, a multi-sig wallet is more secure. With the multi-sig wallets, even if someone infiltrated Coinbase's offline coins, the hacker STILL would not be able to steal the coins. With these new "multi-email" wallets, the hacker would. This is all assuming that the user can manage his two keys better than two email accounts. In fact, the multi-sig wallets were nice too because you could retrieve your coins even in the case where Coinbase went away completely. e.g. if they pulled a Cryptsy or a BTCe
- PKop 9y agoIf you don't exclusively own the keys, then you don't own the Bitcoin.