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A comment on Coinbase introduces Vault. Parent comment

Re:Coinbase introduces Vault by aeharding on Wednesday July 02, 2014 @10:58AM (#7977331)
They're all offline, stored in real safety deposit boxes and bank vaults...
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Re:Coinbase introduces Vault by danielweber on Wednesday July 02, 2014 @11:37AM (#7977568)
The keys are stored offline, but the BTC are always online. They are relatively safe against someone compromising your computers remotely. Against physical intrusions or insider attacks, not as much.
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Re:Coinbase introduces Vault by icebraining on Wednesday July 02, 2014 @12:39PM (#7977972)
Physical intrusions can be dealt with by encrypting the keys, which I hope they are doing. Using a secret sharing scheme with physical tokens (e.g. smartcards) carried by chosen employees should reduce the danger of both of those attacks.
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Re:Coinbase introduces Vault by TheMakeA on Wednesday July 02, 2014 @02:57PM (#7978901)
They claim the physical copies are encrypted [1].

[1] http://blog.coinbase.com/post/33197656699/coinbase-now-stori...

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