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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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29521432 No.29521432 [Reply] [Original]

I know you can just lock in your gains when the market dips, but what happens if the value locked becomes higher than the actual value in crypto and a malevolent actor decides it's more profitable to attack the trezor network than Bitcoin nodes? Are the trezor nodes sufficiently sybil resistant? As we've just seen with the tether not being backed by a full reserve, what's to say that trezor locked in funds won't go insolvent in case of another flash crash and they just pull the rug with all my metamask airdrops and mined linkies?

>> No.29521729

>>29521432
What trezor network lmao. It's not attached to any network at all until you press the button man

>> No.29521836

>>29521432
Literally solved by Chainlink. Price oracles solved this years ago and I bet your retarded ass knows it.

>> No.29521913

>>29521729
Careful, if you don't like this meme and think it’s shit (it is) you will have /biz/ loyalists on your back

>> No.29521946

>>29521432
Take it easy man, your coins are stored inside the trezor but i read somewhere that the maximum memory of the device is like 8GB so be careful storing too much coins inside it because can cause a overflow and spread your coins to the trezor network.

>> No.29522074

>>29521432
you didnt fucking lock your gains correctly faggot you are supposed to use the trezor network as the last step

>> No.29522145
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29522145

>>29521913
It's a shit meme spreading lies about Trezor!

>> No.29522204

>>29521432
Just bought this solely to lock in my BTC, is it an app like ledger has? I can’t figure this out, I’m on the latest firmware, do I do it on the software or the hardware itself?

>> No.29522638

>>29522145
cope. don't come crying when you lose everything thanks to the weak security of their network. there were warnings a long time ago.

>> No.29522729
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29522729

>>29521432
FUCK MY TREZOR DELETED MY BIT COINS HOW DO I RECOVER THEM BROS

>> No.29523073

>>29521913
"not your blockchain, not your keys"
WHy would you even store your bit coins on a decentralized network you don't control yourself? The whales can just pull a 51% attack and fuck you over.

>>29522204
need to update to the latest firmware just recompile the code from github yourself to be sure

>> No.29523814

>>29523073
>need to update to the latest firmware just recompile the code from github yourself to be sure
i've tried submitting fixes but they just ignore them. look at the commits from a few months ago... their supposed "fixes" are just a joke.