Ninjastic
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Board Development & Technical Discussion
Re: Hardware wallets still aren't secure, and they never will be. Use paper wallets
by
PrimeNumber7
on 11/08/2019, 16:52:33 UTC
Quote from: o_e_l_e_o on August 10, 2019, 09:20:57 PM
Quote from: Welsh on August 10, 2019, 03:17:21 PM
I don't even know how much is in my cold storage as I haven't accessed it in a number of years.
Smart. Attackers can't know how much you are holding if you don't know how much you are holding. Perhaps this is the best way to protect against $5 wrench attacks. Wink
Sure they could. An attacker could use blockchain analysis to reasonably conclude a lower bound of how much coin a person is holding. An attacker could use a set of known facts to conclude a person is holding a large amount of coin. Feigning ignorance is not going to stop you from getting robbed.
Quote from: o_e_l_e_o on August 10, 2019, 09:20:57 PM
Sure, but physical attacks with the aim of stealing bitcoin aren't happening by approaching random people on the street in the spur of the moment. The attack is targeted and planned, and the attacker usually knows the victim is holding a significant amount of bitcoin. Often they are home invasions, or fake meetups under the pretense of trading. <>
Unless you are involved in these types of attacks, you do not have any way of knowing this. These types of attacks are not well publicized.