20 sats \ 1 reply \ @frostdragon 26 Aug 2022
This is actually a really good video.
And this problem is pretty easily solved with one simple mentality:
Never share your private key, and never, ever type your seed phrase into a computer. There’s no reason to do it. Stay airgapped.
Also, the custodian problem is solved by multisig. If a third party holds your third key of your 2 of 3 multisig wallet, no one loses their bitcoin if they get hacked.
reply
0 sats \ 0 replies \ @sandbeach123old OP 26 Aug 2022
Agree. By entering the private keys at any point, security is compromised. So all those web3 apps will require the user to use a hardware wallet in order to be safe, but that will not attract too many people, because most people want things simple and friendly. Therefore web3 will either be safe but with few users, or it will be massive but also will have massive security issues.
btw the guy from the video was the one who cracked and stopped the wannacry ransomware attack (first wave) on 2017. That´s why I watched it, despite the clickbait-like first screen.
reply