Post
Topic
Board Announcements (Altcoins)
Re: [ANN][HZ] Horizon Long + Fair Distribution|Decentralized Asset Exchange
by
UrsaMajorisBeta
on 25/07/2016, 05:18:12 UTC
About security:

Personally, I simply keep my accounts separate.
Inspired by that sad tragedy last year, by the way, I stick to my multi-tier architecture.
Because I want to be able to trust, so I need to be able to trust my own precautions.

Low amounts / would not matter much:
Using any wallet, incl. webwallet (site could have been hacked).

Mid-amounts, and need to access often:
I am using my own local HZ wallet, on my browsing machine (could have a trojan).
Uptodate firewall, antivirus, Java, kept as clean as possible - but there will never be 100% security.

Larger amounts, access seldom:
Booting Linux from a current LiveCD (read-only = no easy way to get hacked);
Blockchain & HZ & Java unzipped from a USB-stick, incl. checking sha256sums.
Usable within a few minutes, once I got that shellscript ready.

If I will ever own really large amounts, I would definitely learn to sign transactions
on an offline machine
(cold storage), so that the privatekeys / passphrases never
enter a computer which is / has ever been / will ever be ... connected to the internet.

Be you own bank = Be your own security department.

That's exactly what i'm doing now Cheesy , plus linux as a platform, firewalls on both PC and router (just for the sake of paranoia) and a bunch of other stuff.

SILVER's back-up account is actually a network of accounts for extra security and protection. Those accounts i only access once when i create them, and will access once more in case liquidation of the asset is needed.

Oh, and for extra extra security i clear my browser cache every day... just to be sure

Aaand i take snapshots of the SILVER holder accounts every day before i pay the dividends, in case the account is hacked, so i know for sure who owns legit shares and i can buy them back from those holders.

I'd like to think i learned a lot from my past misfortunes.

How does your asset work? As for the silver concept, the description seems to be somewhat vague, are we talking about game credits or something?
As for the HZ price, well. Look at those hefty volumes in Poloniex. I think being listed there is na advantage for this coin, as a lot of money has been flowing through that exchange for some time now (it has experienced a massive surge, i must say).
Also HZ is being contantly updated, which is an up for me. I haven't logged in for months and now i see i have to download another wallet which is kept pair to pair with the latest NXT developments.