4 ms·
Though, there is no shortage of attacks against electronic wallets on personal computing devices either. The average, technologically moronic user might actual
by vesinisa 9y ago
Though, there is no shortage of attacks against electronic wallets on personal computing devices either. The average, technologically moronic user might actually be safer storing his Bitcoin on a trustworthy exchange, as opposed to a personal wallet protected by a weak passphrase, if any, on the same computer/phone where he surfs, reads email and runs software of dubious origin.
Best way to protect against unauthorized use of your funds, as the article notes, is to go really old school and print your private keys out on a piece of paper, and store it in a physical vault.
Of course, none of this would be a problem if the exchange acted as a trusted ledger and could simply revert any unauthorized transactions on the user's funds. Like a traditional bank, but just with all the crypto hype!</s>
- mirimir 9y agoOne can have numerous Bitcoin wallets. I have dozens of active ones. I'm not a speculator, so I don't keep anything substantial in exchange accounts. Unless you're holding more than a few Bitcoin, you don't even need to go full offline. Linux VMs on Linux hosts are not likely pwned. You clearly wouldn't keep much on a phone.