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> Good luck securing coins Securing Bitcoin is a solved problem. Trezor is bullet proof piece of open hardware already working with multiple software backends,
by exo762 12y ago
> Good luck securing coins
Securing Bitcoin is a solved problem. Trezor is bullet proof piece of open hardware already working with multiple software backends, including two android wallets. And it's easy to use, as simple or even simpler than online banking. And it's not the only one - there are other hardware wallets. For corporations today there is multi-sig and an improvement over multi-sig, called treshold signatures, currently in development.
- ISL 12y agoIs it ever possible to state that security is "solved"? People, and organisms in general, are clever.
- vectorpush 12y ago> Securing Bitcoin is a solved problem. Trezor has solved Bitcoin's security problems in the same way that PGP has solved internet messaging security; that is, amazing technology exists that addresses real problems, but in practice the problems are still prominent. Security is a major problem for the internet, and a much bigger problem for bitcoin since the incumbent system provides nearly identical services with a substantially smaller risk of losing real money.
- emodendroket 12y agoShoot, somebody tell the exchange services that keep shutting down because they lost gazillions of coins that this was a solved problem.
- exo762 12y agoContext is king. I was talking about secure handling of one's BTC. Exchanges need warm wallets and that is totally different story.