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Just like you can prevent a "paper wallet" from being compromised by not letting anyone casually look at it? If I invested in one of these hardware wallets, I'
by fiter 8y ago
Just like you can prevent a "paper wallet" from being compromised by not letting anyone casually look at it?
If I invested in one of these hardware wallets, I'd be interested in making it cost at least $X where $X is greater than the value in the wallet. I'd also like some time component, Y, that would allow me to transfer the money before the private key was found.
- thinkmassive 8y agoCost $X to attack? That makes complete sense. And if you know the physical device is compromised then you can "break the seal" by restoring the seed phrase on another device to transfer the funds elsewhere before an attacker is able.
- fastball 8y agoThe main selling point of hardware wallets is that they can interface with an internet-connected device to sign transactions without exposing the private key to that device, which has a much larger attack profile.