A much more secure way to store bitcoin: hardware wallets: https://en.bitcoin.it/wiki/Hardware_wallet …
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@NickSzabo4 Hardware is the undiscovered country. Is it more secure or is it just more obscure? -
@matthew_d_green Generally far more secure. Normal OSs give promiscuous access to unknown apps & aren't designed to handle cash-like money. -
@NickSzabo4 It's hard to tell. I've seen some bad hardware implementations. Because, of course, nobody checks. -
@matthew_d_green@NickSzabo4 Trezor is struggling with sales as it is. Not sure how much room there is for audited/secure hardware wallets -
@HoboJerk@NickSzabo4 A part of the problem is that every piece of hardware starts from scratch and bears all engineering cost. -
@matthew_d_green@NickSzabo4 Do you think TPM will play a large role in overcoming this on commodity hardware? -
@HoboJerk@NickSzabo4 TPM seems to play little role in anything new these days. Maybe secure boot and disk encryption.
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@bendavenport@adam3us@NickSzabo4 For large balances you can do a lot: split teams, split keys, msig, CHECKLOCKTIMEVERIFY, other adv stuff -
@jgarzik@bendavenport@NickSzabo4 multi-factor (multis-sig) is fine; but network enforced smart-contract is more robust than server policy,
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@NickSzabo4 +1 though today you want multi-key (multisig) security to eliminate key SPOF. -
@jgarzik@NickSzabo4 multisig & w/out hw just 2POF; already seen retail bank 2FA fails, do we imagine that'll work out for irrevocable BTC? -
@adam3us@NickSzabo4 Demonstrably, monetarily better than it works out with SPOF...
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@nickszabo4 We are working with@LedgerHQ@BTChip@BitMEXdotcom to make it work with our multisig API, up to m-of-15 http://blog.coinkite.com/post/102291566521 …Thanks. Twitter will use this to make your timeline better. UndoUndo
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A much more secure way to store
#bitcoin: hardware wallets: https://en.bitcoin.it/wiki/Hardware_wallet … /v@NickSzabo4Thanks. Twitter will use this to make your timeline better. UndoUndo
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