Post
Topic
Board Wallet software
Re: Why do people avoid using closed source wallets?
by
Karartma1
on 30/10/2020, 14:28:20 UTC
[...] We don't believe that any side claims that the seed was sent in plain text, the "victim" (aka blackmailer) has always claimed that his seed was sent encrypted to Google and then a Google employee used it to steal his funds. We have millions of users but only his funds was stolen - and stolen by Google. We expect people on this forum to be smarter than that. And yes, you can verify that everything was broadcasted over HTTPS, just ask the "researchers" who made a case out of it in the first place to send you a copy of the wallet executable, install it on a sandbox and run a packet sniffer to see for yourself.

Wait.. are you actually really trying to justify yourself by saying your wallet did at least encrypt the seed before sending it over to google??
Like.. are you serious?

A closed source wallet sending the seed via google API to check the spelling.. and then you come here and say "..well at least it was encrypted via https"... are you kidding?!
I rarely encounter such incompetence, ignorance and arrogance in one person. Congratulations.

Such statements are a really good reason to absolutely discourage the use of your wallet.
Basically Coinomi confirmed why we should avoid using it.
That's the first rule of crypto: learn how to securely store your keys, therefore your coins. With closed source wallets I don't feel secure while having to rely on open source alternatives, independently verifiable by anybody, make me more confident when storing my assets.
Sometimes letting go security over convenience can be a terrible mistake.