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A comment on Tokyo-based cryptocurrency exchange hacked, losing $530M: NHK. Parent comment

Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by welder on Friday January 26, 2018 @02:29PM (#16242141)
There is no such thing as a hardware wallet, it's just another computer with your private keys that you are calling a "hardware wallet". Instead of a hardware wallet, backup and encrypt your private keys to multiple places.
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Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by glitch003 on Friday January 26, 2018 @06:58PM (#16243913)
>There is no such thing as a hardware wallet

Their absolutely is. A hardware wallet can take unsigned transactions and sign them internally, and output a signed transaction. Your private key never leaves the hardware wallet.

Compare this to signing a transaction with a private key on a computer. Your computer can have spyware that can snoop on the key and steal your coins.

The hardware wallet has a burned ROM with a firmware that is signed and verified every time you use it.

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Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by dragonwriter on Friday January 26, 2018 @07:04PM (#16243950)
> Your computer can have spyware that can snoop on the key and steal your coins.

So could a hardware wallet. [0]

[0] https://en.bitcoin.it/wiki/Hardware_wallet - see under "Security Risks", both the "compromised production process" and "compromised shipping process" items are places where this could occur.

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Re:Tokyo-based cryptocurrency exchange hacked, losing $530M:... by computerex on Saturday January 27, 2018 @01:26AM (#16245119)
Yes but the attack surface is much smaller.
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