Are Bitcoin Hardware Wallets Safe?m.youtube.com/watch?v=7BAg5h4Lf2o&feature=youtu.be
1131 sats \ 3 comments \ @OT 20 Jan security
I thought this was worth watching to get a different understanding of my own security setup.
TL:DR is that a new mobile phone has much better security than HWW companies as they have much larger security teams, and have a big reputation to lose.
Paco posted this on NOSTR but didn't get too many responses, so I thought it be best to ask SN.
My critique on using mobile phones as a HWW is that they will need to be updated over time. There's no guarantee that the next update might wipe the blue wallet app (if it even works in 15-20 years).
Also, at some time in the future that phone will have to connect to the internet to sign and broadcast your TX.
Anyway, what do you think?
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101 sats \ 0 replies \ @4DChess 20 Jan
"Hardware wallets protect against malware by design. They are independent devices which sign transactions on their own. The cryptographic materials always stay inside the device and are never sent to the software application to which they communicate. The communication interface is always simple which drastically reduces the attack surface."
https://www.ledger.com/blog/software-wallets
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0 sats \ 0 replies \ @porterbitcoin 22 Jan
If you’re concerned that your hardware wallet isn’t safe, just use multisig to protect any one device or generated seed from being a single point of failure. But don’t do this until you know what you’re doing.
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101 sats \ 0 replies \ @Eobard 21 Jan
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