Re:Regarding the NiceHash security breach
by IncRnd on Wednesday December 06, 2017 @09:28PM
(#15867133)
> You can store your bitcoins online (in multiple places for redundancy) in encrypted file you never decrypt.
> Then you don't have to worry about burglars, fires or hackers. You just need to worry about remembering your password. And about the portion of bitcoins you keep elsewhere to pay for things or trade.
This accounts for confidentiality but does not preserve the integrity or availability of the wallet and for those reasons is far less secure than you believe.
> Then you don't have to worry about burglars, fires or hackers. You just need to worry about remembering your password. And about the portion of bitcoins you keep elsewhere to pay for things or trade.
This accounts for confidentiality but does not preserve the integrity or availability of the wallet and for those reasons is far less secure than you believe.