4 ms·

How do you safely use crypto?

ethanbond 4y ago
It's quite easy: you download this Zero Knowledge Confabulator utility from github and load it up into your TAILS instance. Make sure you pull all this over Tor and use a North Korean VPN and please for the love of god verify the MD5 hashes. Once you've done this, you put your wallet key into the ConfabUtil which will produce a zk-snark. Memorize this because you will next need to go into an airgapped, seismically isolated room and write it down onto a one time pad. Now you start digging, and once you cannot dig any longer you can safely place this one time pad into the bottom of the hole, climb back out, and rest easy knowing Your Crypto Is Safe. I sure am glad that I can be my own bank!
- deebosong 4y ago
  This is pretty much what it sounds like to a laymen like me. It's aggravatingly complex, with like, 18 points of user error failure points. And even if I quadruple checked, I'd wanna check 17 more times after that, and I'd still feel I messed up some crucial step at some point.
- nawgz 4y ago
  I love the juxtaposition of this comment with its sibling. Comedy gold.
redox99 4y ago
With a hardware wallet where you store your seed phrase. You would never type this seed anywhere. You would store backups of this seed in something like a metal sheet that you can buy. You would be extremely careful of the numerous phishing attempts that you will encounter. Also with malicious smart contracts. And you would have a hot and cold wallet, to minimize risk.
- maccard 4y ago
  Remember that this is an alternative to a small card that is widely accepted internationally that I can reclaim a transaction with a quick phone call.
  - femiagbabiaka 4y ago
    I’m not a crypto fanatic but credit and debit cards are very susceptible to fraud
    - tekknik 4y ago
      But in those cases the user gets their money back. This isn’t the case with crypto.
      - femiagbabiaka 4y ago
        People with time get their money back. People without it get nothing back. And that’s not even mentioning the legal scams like overdraft charges… I’m just saying, the existing system sucks too.
        maccard 4y ago
        It's not that much time, and frankly you need the time with any method. The last time it happened to me, my card provider noticed the transactions, blocked the card and phoned me to ask if I made them. The time before, I phoned my bank and told them I had a charge I didn't recognize, they asked me to fill in a form and refunded me within 48 hours.
    - maccard 4y ago
      Absolutely, as much as any other payment method. Meanwhile there are consumer protections available for them. One phonecall and a form will pretty much instantly reverse a debit card, credit card, or direct debit transaction with any bank in Europe. On more than one occasion this has happened to me and it's taken less than 15 minutes to resolve.

It's quite easy: you download this Zero Knowledge Confabulator utility from github and load it up into your TAILS instance. Make sure you pull all this over Tor and use a North Korean VPN and please for the love of god verify the MD5 hashes. Once you've done this, you put your wallet key into the ConfabUtil which will produce a zk-snark. Memorize this because you will next need to go into an airgapped, seismically isolated room and write it down onto a one time pad. Now you start digging, and once you cannot dig any longer you can safely place this one time pad into the bottom of the hole, climb back out, and rest easy knowing Your Crypto Is Safe. I sure am glad that I can be my own bank!

deebosong 4y ago
This is pretty much what it sounds like to a laymen like me. It's aggravatingly complex, with like, 18 points of user error failure points. And even if I quadruple checked, I'd wanna check 17 more times after that, and I'd still feel I messed up some crucial step at some point.
nawgz 4y ago
I love the juxtaposition of this comment with its sibling. Comedy gold.

redox99 4y ago

With a hardware wallet where you store your seed phrase. You would never type this seed anywhere. You would store backups of this seed in something like a metal sheet that you can buy. You would be extremely careful of the numerous phishing attempts that you will encounter. Also with malicious smart contracts. And you would have a hot and cold wallet, to minimize risk.

maccard 4y ago
Remember that this is an alternative to a small card that is widely accepted internationally that I can reclaim a transaction with a quick phone call.
- femiagbabiaka 4y ago
  I’m not a crypto fanatic but credit and debit cards are very susceptible to fraud
  - tekknik 4y ago
    But in those cases the user gets their money back. This isn’t the case with crypto.
    - femiagbabiaka 4y ago
      People with time get their money back. People without it get nothing back. And that’s not even mentioning the legal scams like overdraft charges… I’m just saying, the existing system sucks too.
      - maccard 4y ago
        It's not that much time, and frankly you need the time with any method. The last time it happened to me, my card provider noticed the transactions, blocked the card and phoned me to ask if I made them. The time before, I phoned my bank and told them I had a charge I didn't recognize, they asked me to fill in a form and refunded me within 48 hours.
  - maccard 4y ago
    Absolutely, as much as any other payment method. Meanwhile there are consumer protections available for them. One phonecall and a form will pretty much instantly reverse a debit card, credit card, or direct debit transaction with any bank in Europe. On more than one occasion this has happened to me and it's taken less than 15 minutes to resolve.