Rendered at 09:45:51 GMT+0000 (Coordinated Universal Time) with Cloudflare Workers.
tencentshill 2 days ago [-]
Turns out all that silly security and paperwork banks go through has a purpose! But at least every crypto customer knows the risks right?
tancop 1 hours ago [-]
Crypto with one hardware wallet might be less safe than a bank but a multisig smart wallet on Ethereum is unbreakable.
There is no single device that can sign transactions so an attacker would have to compromise your hardware key, phone and desktop at the same time. Then slowly drain it $1000 (or whatever your daily limit is) at a time hoping you don't notice and freeze the account. When it's frozen you can only unlock it with a recovery key that doesn't exist on any electronic device.
If you set it up right the only attack that's left is good old extortion.
tadfisher 1 days ago [-]
Wait, Trezor is just selling off-the-shelf QFP chips and holding their customers accountable for their own supply chain? They can't pot the bare dies? They can't burn in a signature? Do they think everyone else is stupid?
There is no single device that can sign transactions so an attacker would have to compromise your hardware key, phone and desktop at the same time. Then slowly drain it $1000 (or whatever your daily limit is) at a time hoping you don't notice and freeze the account. When it's frozen you can only unlock it with a recovery key that doesn't exist on any electronic device.
If you set it up right the only attack that's left is good old extortion.