Quote from: nemesisDF on January 20, 2017, 06:44:42 AM

Quote from: kiklo on January 20, 2017, 05:29:44 AM

Quote from: nemesisDF on January 19, 2017, 11:09:03 PM

So long story short, I'm a super noob, but recently started mining and think there's a lot of potential in holding some of these alt coins for the long term.

Was just curious though, why isn't there two-factor authentication on any wallets? I get that there's passphrases and wallet encryption, but I haven't seen a wallet or platform that provided 2 factor with either Google or Authy.

Is that even possible?

/Hugs
Nem

Installing 2FA on a personal local wallet is not bright.
Most people's phone number are public info or at least very easy to find.

It gives Google or your Phone provider the ability to block your ability to transfer your coins out of your own wallet.
Bad idea, if you feel this is needed just use a bank instead because you are giving control of your money to a corporation. Tongue

Gotcha, that makes sense. Thanks for the info.

Google should not have anything to see about your transactions as they do not influence the code generation in the authenticator app at all.

It is fixed when you set it up and then rotates through a list of numbers. This list is the same as when you use similar 2fa apps from different companies and once you set it up it will keep working.