LOL it's saved in a wallet.dat file but that make no difference.
So why do you compare it then with IOTA? Apples and Oranges. And I can password protect my Bitcoin wallet. In IOTA I have to openly enter my private key, no protection at all.
I see you won't get it.
Post
Topic
BoardAltcoin Discussion
Re: IOTA - Thousands of Wallets Compromised and Funds Stolen
by
exadex.org
on 21/01/2018, 17:15:18 UTC
LOL it's saved in a wallet.dat file but that makes no difference.
Post
Topic
BoardAltcoin Discussion
Re: IOTA - Thousands of Wallets Compromised and Funds Stolen
What point did you not understand? You need to use your private key, which they call seed, every time you want to log into your wallet.
I'm trying to explain it one last time. You also need your Bitcoin private keys every time you use your Bitcoin wallet. The Bitcoin wallet could easily send those private keys to anyone.
Post
Topic
BoardAltcoin Discussion
Re: IOTA - Thousands of Wallets Compromised and Funds Stolen
by
exadex.org
on 21/01/2018, 17:09:03 UTC
Quote from: aznboy84
This is true, but the hack happened more than months ago, or did it happened again? IOTA is not safe, and that is why i do not like to keep it over the exchanges, because it is 10 times more risky than just having it on your wallet.
This happened 2 or 3 days ago. Short: They didn't fix it and now it exploded.
Post
Topic
BoardAltcoin Discussion
Re: IOTA - Thousands of Wallets Compromised and Funds Stolen
by
exadex.org
on 21/01/2018, 17:00:59 UTC
Your Bitcoin private key stays private when your Bitcoin client doesn't send it to someone else. The same applies to IOTA.
Post
Topic
BoardAltcoin Discussion
Re: IOTA - Thousands of Wallets Compromised and Funds Stolen
Then stop exposing your privates keys to your Bitcoin wallet.
What's that supposed to mean?
When you use the Bitcoin Core client for example, you have a wallet.dat file where your private keys are saved. You need this file to access your Bitcoins and by this, you expose your private keys to your Bitcoin wallet the same way that you enter a pass phrase to login to your IOTA account.
Post
Topic
BoardAltcoin Discussion
Re: IOTA - Thousands of Wallets Compromised and Funds Stolen