4 ms·

Why people still trust all these cloud wallets? Can't they be hacked/hack oneself some day?

• deleted 13y ago
  [deleted]
• aqme28 13y ago
  Anything can be hacked, but sometimes it's good to have money on hand to pay bar tabs with. Can't do that with my buried-in-the-ground wallet.
  • kybernetyk 13y ago
    There are alternatives that don't require centralized VC funded startups to act as banks for these cases. One would be: Having a mini wallet on paper (QR code for easy handling) and paying from that in your bar.
    • Jtsummers 13y ago
      How can you have a paper wallet to make transactions? That would require the wallet to expose its private key to the recipient so they could generate a transaction. That means the wallet is compromised on first use. Paper wallets really only make sense for two things: carrying an address that others can send payments to; carrying the private key so that you can transfer the full amount into some other address.