So the "unhackability" component of your product is actually the unhackability of the blockchain, the cryptographic element. Right? Nothing much to do with Bitfi?
-
-
That’s sort of correct. Basically to hack Bitfi wallet you have to attack the blockchain itself. Now man in middle attack is another attack vector and we are waiting to see if someone can demonstrate that hack. In which case we have a patch for it that would go out immediately
4 replies 2 retweets 3 likes -
Why isn't the patch going out proactively?
2 replies 0 retweets 2 likes -
Replying to @David3141593 @cryptoeraser and
Sir, because it will slow down our customers devices. At this time we have no evidence that someone can accomplish a MITM attack and so we should not do this unless necessary.
2 replies 1 retweet 2 likes -
Why not give users a setting to choose between speed and security? I know which I'd pick.
1 reply 1 retweet 4 likes -
Replying to @David3141593 @cryptoeraser and
At this time we have no reason to believe that there’s lack of security. We have to approach things in methodical way. If we don’t see weakness there no need to fix something that isn’t broken. But we cannot underestimate infosek community as they might know something we don’t.
3 replies 1 retweet 1 like -
Could you describe how your patch will work?
1 reply 0 retweets 2 likes -
Replying to @David3141593 @cryptoeraser and
I am not allowed to disclose at this time. But it would make it physically impossible to make a transmission anywhere other than the approval to blockchain. In addition, we have at least 3 other solutions as well.
1 reply 2 retweets 3 likes -
How could that possibly slow down the device?
1 reply 0 retweets 0 likes -
Replying to @David3141593 @cryptoeraser and
In order to explain that i would have to disclose what it is and what it does.
3 replies 1 retweet 1 like
Kerckhoff would like a word with you. https://en.wikipedia.org/wiki/Kerckhoffs%27s_principle …
-
-
Replying to @David3141593 @Bitfi6 and
They follow
@officialmcafee 's principles, not Kerckhoff. In other word lying principles.0 replies 0 retweets 0 likesThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.