Post
Topic
Board Announcements (Altcoins)
Re: [SDC] ShadowCash | Welcome to the UMBRA
by
vtr99
on 19/09/2016, 17:26:47 UTC
dadon: That looks a lot like our old wallet :stuck_out_tongue:

I am curious to know why details about in wallet 2FA security features have been removed?  

Several months ago SDC people lost coins because their computers were hacked and they had coins stolen. Coins which were likely dumped on exchanges.

So what's wrong with highlighting that wallets can get a great security feature like 2FA?



You should always encrypt your wallet, and never download anything you don't trust 100% to a computer where you store coins.

That said, this hack had nothing to do with SDC. If the wallets were properly encrypted, the coin's couldn't have been stolen.

2FA works well for accessing secure online accounts, but it doesn't make much sense for a wallet that is in your control. I personally wouldn't want a 3rd party involved in securing my funds. It essentially takes the decentralization out of it. Like storing your money in a bank. If you want maximum security, you can always store your coins offline.

Hold on a second...this is about encrypting the local wallet with its own decentralised 2FA service.

It's an absolute genius of a process that only the user controls. There are no third parties (unless you count Google Authentication as a third party, even though Google doesn't get involved)

Google Authentication is absolutely a 3rd party app. You are not completely in control if you depend on authentication from another source.

I keep most of my wallets on offline laptops, and those have at least 4 backups on USB drives.

It makes sense using 2FA on Coinbase, or other online accounts, but it doesn't make any sense to use it on a wallet completely under your control.

What is needed is more education on keeping your wallets safe. More people have lost money keeping coins on an exchange.