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Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
patmast3r
on 02/04/2014, 19:24:05 UTC
we absolutely need desktopwallets aswell since myself for example don't trust anything that i do not have under my own control. I think others may think the same way. What's not on your own system (desktop wallet) is not really yours.
I wouldn't use any onlinesolution for storing coins. I think it's not safe. An onlinepage with login and password is like an invitation for hackers to brute force.

i am actually pretty excited about nem. Can't wait for release.

i use a 512bit passphrase.. your saying that isnt safe?

i don't even know what that is Cheesy
i got used to securing desktopwallets though and improved constantly on security and would be nice if i could use that knowledge for nem also.
I never lost a coin that was on my own system. But i lost quite some coins on hacked exchanges. I like my coins offline for that reason Wink  

edit:
the logic is: if it is online theoretically the whole world can try to steal it. If it is not online nobody has really a way to access.

it means that it would take 100s if not thousands of years to brute force it...

well what if you go to someones house and you need your coins? ok if you have a 'seed' you can download a wallet but thats a pain in the ass... with brain wallets you can go from one comp to another very easily and move/use your coins.. also with the AE being inclient you can also trade with out even having to send your coins anywhere.. cant do that with offline clients.. also how many peoples computers have been directly hacked and coins stolen? if you state on here you have x amount of coins a good hacker wants then.. im sure they could take them.. brian wallets are the way to go.. for sure.. but there still needs to be support for offline storage i think... personally i think its pointless but if it makes people feel more secure then ok...

You don't have to send them anywhere because they are already "anywhere". I don't see why an AE would be more inconvenient with a local wallet.
You said you have a 512bit password. Since it's impossible for you to remember that (at least if you're an average joe) I suppose you store it somewhere right ? In a file maybe ? So you have to carry that file around to use your wallet anywhere. Now tell me in what way is it better to carry that file around than carrying the wallet file around ? Smiley