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ebiester • yesterday at 10:38 PM • 6 replies • view on HN

So what happened with all of those with hardware wallets that have been pwned?

There apparently is no such thing as “your crypto” with how many security problems there are.


Replies

caymanjim • yesterday at 11:23 PM

By the nature of blockchain, it's never, ever your crypto. It's allocated to whichever bucket the majority of participants in a given network agree to allocate it to.

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weird-eye-issue • yesterday at 10:55 PM

Back around 2012 I created a paper wallet using an offline website (it was HTML and JS downloaded locally that worked without internet. I put it on a USB stick and then use it in a laptop without internet), printed it out and put it in a safe

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xmcp123 • yesterday at 10:51 PM

I keep a modest amount in Cake Wallet, not on an exchange. No hardware needed.

Tbh the biggest problem is platforms deciding you’re buying drugs because you purchase and transfer out (thanks Venmo)

extraextra • yesterday at 10:58 PM

Technically you can literally memorize your secret key

A paper wallet works as well

A hardware wallet is just a tradeoff between convenience and an extra security risk

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NoidFonsense • yesterday at 10:55 PM

idk the whole point of hardware wallets is that they are supposed to be a simpler stack. But if you're using a closed source hardware wallet...

An old laptop with the wifi card taken out is more transparent and auditable. It just runs the ordinary open source code

But I just keep all my funds in a hot wallet, no multisig. And if I get hacked I lose it all. I think the answer is just have good security and dont get hacked. The risk of losing cryptocurrency will encourage security advances across the whole ecosystem. I think I will set up multisig eventually

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jwpapi • yesterday at 10:48 PM

You can have crypto without hardware wallets