Re: Crypti | XCR | Ͼ | 3 PoS algorithms | Ed25519 | 2nd Gen Source
Cold storage has a risk of losing your coins if you lose the storage media. With XCR, your coins are always in the blockchain and can be accessed as long as you know the pass phrase.
Heard about the guy that threw away a notebook hard drive that contained 7500BTC? He can see them in the BTC blockchain, but until he finds his HD in the garbage dump under 6 feet of trash, he is SOL.
Heard about the guy that threw away a notebook hard drive that contained 7500BTC? He can see them in the BTC blockchain, but until he finds his HD in the garbage dump under 6 feet of trash, he is SOL.
Spot on Litoshi!
This is one of the things I love about Crypti. No more wallet.dat files waiting to get either lost or corrupted.
The other big advantage, is that you can easily distribute your funds across many accounts, therefore reducing the risk of losing all of your funds, should you forget one of your passphrases. Additionally, the secondary passphrase option provides an extra level of security, which I encourage everyone to do.
In my opinion all these features eliminate the need for cold storage and make Crypti the more attractive option
