Re:Alleged Coinomi exploit shows how easy it is to have Bitc...
by rootusrootus on Wednesday February 27, 2019 @12:27PM
(#19264968)
Doesn't it also have the disadvantage that, unlike physical cash, it can be stolen electronically? At least with cash someone has to mug me in person to take it, which reduces the attack surface quite a lot.
Re:Alleged Coinomi exploit shows how easy it is to have Bitc...
by nyuszika7h on Wednesday February 27, 2019 @12:44PM
(#19265143)
You could write down your seed on paper instead of storing it or the private key electronically.
You say that like it's a bad thing. Bitcoin is something that has the advantage of physical cash (trust-less) and the advantage of electronic communications (you can't practically send cash to the other side of the world).
It also, of course, has the disadvantage of physical cash which is, once it's gone, it's gone. There is no way to reverse trust-less transactions now and there was none in the (pre-Bitcoin) past. Nothing has changed there and this is not what crypto solves. What crypto solves is trust-less transactions over the internet.