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'hacked' ... Anyways, here's my question - why aren't private keys for these centralized wallets encrypted with a password the user has to put in when they do a
by pixie_ 14y ago
'hacked' ... Anyways, here's my question - why aren't private keys for these centralized wallets encrypted with a password the user has to put in when they do a transaction. That way private keys aren't stored on disk, but only temporarily in memory. Also if the encrypted keys get stolen, there's time for people to move their money to new wallets before the encryption is broken.
- pixie_ 14y agoAnswered my own question - https://blockchain.info https://blockchain.info has an online wallet that works just like this.
- witten 14y agoTransactions are often automatic and unattended. For instance, you put in a buy or sell order that may or may not be automatically fulfilled sometime in the next day.