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0 sats \ 5 replies \ @flat24 6h \ on: Hardware wallets - are they really necessary? bitcoin
Looking forward to reading @DarthCoin's opinion on this topic.
I personally think they are somewhat useful, but I think they ultimately make us dependent on hardware. I think that perhaps the best solutions are hidden in cryptography techniques that allow us to store keys in an immutable way, and that you can access them at any time and from anywhere, whenever you need them.
For me are totally useless, but for people that do not feel comfortable with using software is just fine to use those toys.
Also a HW will bring attention onto you. If somebody see or know you have one, it might think you will hold a lot of BTC so ... bingo appear the opportunity to attack you.
On the other side, just using a simple regular USB it is not so "attractive".
Also I really do not understand people wandering around with these HW.
A HW it suppose to be a cold wallet. You setup and hide it. Done, You are not making payments from it. For payments you use a LN wallet.
HW = useless toys for me
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HW = useless toys
That's why I was saying I was waiting for your opinion on this subject.
On the other side, just using a simple regular USB it is not so "attractive".
That happens because most people want to brag about how much BTC they have, so a simple USB is not worthy of their status. 😅 obviously the real game is won by the one who goes unnoticed.
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What are these cryptographic techniques? Sounds like I should learn about them.
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This is what @DarthCoin mentions, it is a technique.
hiding text inside another text is another technique.
changing characters is another technique.
and others that will exist.
I mean that it is about encrypting your private key (12 words) in some way that does not depend on the device and you can somehow secure it on the internet.
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I think he refers to steganography https://www.openstego.com/
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