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Maybe if your digital currency depends on printing out private keys and storing them in bank vaults in order to be secure, its security model is kinda shitty? W
by bobcostas55 9y ago
Maybe if your digital currency depends on printing out private keys and storing them in bank vaults in order to be secure, its security model is kinda shitty? Why should secure digital currency be 100x more cumbersome to use than a credit card?
- meirelles 9y agoPaper wallets are just one possibility for true paranoids expecting to keep the coins for an indefinite time. A more common usage is hardware wallets, which the key is supposed to never leaves the device, combining some cool logical and physical security to ensure that.
- bluetwo 9y agoAre we sure we're not just re-inventing paper currency?
- icelancer 9y agoThe "security model" for the current method of payment in the United States involves getting breached left and right, getting 97 years of credit report monitoring, constant reissuance of cards, and refunding fraudulent charges sometimes as late as 30 days after the fact. BTC happens to be worse currently, but not by that much. EDIT: Also, this is the same model as PGP/GPG and priv/pub key protection. Presumably you don't think this security model is shitty for the myriad of uses it sees.