Re:Nim receives $100k in Bitcoin donations
by TacticalCoder on Monday October 25, 2021 @01:23PM
(#28990528)
> You can avoid the risk of destruction by redundantly storing the secret.
Not disagreeing with you but then there are two places (or more) where the secret can be found and your funds stolen. As to having, in addition to that, a hardware wallet makes for yet another potential attack vector: is the hardware wallet unlocked by your fingerprint? Is the fingerprint reader secure? Is it protected by a PIN? How safe is your PIN? Is the HSM in the hardware wallet really unbreakable and really erasing everything after three tries and no attacker can bypass that?
Re:Nim receives $100k in Bitcoin donations
by gh55 on Monday October 25, 2021 @03:07PM
(#28991788)
You're quite right, there are risks with everything in life. I believe a hardware wallet to be far more secure than online banking. I think you'll find this interesting: https://trezor.io/shamir/
Not disagreeing with you but then there are two places (or more) where the secret can be found and your funds stolen. As to having, in addition to that, a hardware wallet makes for yet another potential attack vector: is the hardware wallet unlocked by your fingerprint? Is the fingerprint reader secure? Is it protected by a PIN? How safe is your PIN? Is the HSM in the hardware wallet really unbreakable and really erasing everything after three tries and no attacker can bypass that?