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0 sats \ 1 reply \ @Hermit 3 Jan 2023 \ parent \ on: Peter Todd Comments On Luke Dash Jr Getting Hacked bitcoin
But for my very little understanding about it. Knots doesn't keep a tradicional seed where you have to write it down. Even if encrypted is online? And is not cold storage. 200 Bitcoin in a hot wallet, is that what we are doing here?
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10 sats \ 0 replies \ @kristapsk 4 Jan 2023
Bitcoin Core also does not implement BIP39, Knots is not different here. Normally your wallet is encrypted using AES, you decrypt it temporary to sign transactions. But it is hot wallet, yes. If your wallet file is stolen and pasphrase is weak or your machine is hacked, you will have bad time.
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