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Any password managers with centrally stored databases run the risk of this kind of compromise, no matter how many levels of encryption the companies have promis

by ww520 3y ago

Any password managers with centrally stored databases run the risk of this kind of compromise, no matter how many levels of encryption the companies have promised. The central database is just a big target.

readthenotes1 3y ago
"Monahan said virtually all of the victims she has assisted were longtime cryptocurrency investors, and security-minded individuals." Apparently this was said without laughing out loud, unlike my reading of it.
- ww520 3y ago
  Any security-minded crypto investors would put the cryptos in an offline wallet, with portions of the passphrase written in different papers stored in different safes.
  - gambiting 3y ago
    So every time you want to "invest" you have to gather this incredibly inconvenient password? Maybe I misunderstand how it works.
    - ww520 3y ago
      You invest by HOLD. If you trade with exchanges, that's just speculating. Also not your key not your coins. The money will be lost eventually with rug pulls, scams, or hacks anyway. Password being compromised is the least of the worries. Offline wallet making it slow and difficult to transact is a feature, less chance to be scammed.
deleted 3y ago
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