Safe to Run Knots Node on a Hosted Server? \ stacker news ~bitcoin

May I run a Knots node on a Digital ocean server and is it safe to let that be the node to broadcast transaction from my Sparrow wallet (running on my desktop)?

Suppose my seed-phrase and private keys are absolutely safe, and never leaving Sparrow, so Sparrow is just broadcasting the transaction to the droplet (managed by Digital ocean).

So can some rogue entity in digital ocean who may have a backdoor access to that server rug-pull me? I understand they can refuse to broadcast my transaction to other peers, but is that the worst? Or can they drain my wallet, or pull an address poisoning (my intention is to transfer to address X, but the entity having access to the droplet redirects the funds to address Y)?

Are these possible?

31 sats \ 0 replies \ @gregtonoski 23h

Yes, it is safe in that situation. Your secret keys (wallet) are on your local machine and not a remote one. They can't drain your wallet as a result. They can't redirect your transaction to different address.

Yes they can cut your access off (which would be against their business).

0 sats \ 0 replies \ @88b0c423eb 22h

It's more fun to have physical control over it, you can make it on a rpi4 with 2TB ssd, and you may save sats in the end.