Quantcast
[ 3 / biz / cgl / ck / diy / fa / g / ic / jp / lit / sci / tg / vr / vt ] [ index / top / reports / report a bug ] [ 4plebs / archived.moe / rbt ]

/vt/ is now archived.Become a Patron!

/biz/ - Business & Finance


View post   

[ Toggle deleted replies ]
File: 123 KB, 1500x1314, 55A934CB-C792-46FD-966D-F730CD1F10B9.jpg [View same] [iqdb] [saucenao] [google] [report]
27760514 No.27760514 [Reply] [Original] [archived.moe]

Are hardware wallets a meme?

>> No.27760610

>>27760514
>Are hardware wallets a meme?

A meme..a HW wallet? Really KYS.

>> No.27760685

>>27760514
tell me how i know you're poor

>> No.27760833

>>27760685
Because anyone with a significant amount have hardware wallets ?

>> No.27760911

>>27760514
Just install the drainage plug extension on your metamask

>> No.27760914

they aren't a meme, but it's not like you can't function just fine with a paper wallet and a good lockbox

>> No.27760986

>>27760833
no because you just sound poor

>> No.27760998

>>27760514
Of course not. Adds a pretty big layer of security by never exposing the private keys.

>> No.27761233

>>27760514
Only if you buy them from a third party source. So if you are contemplating on getting one, order it directly from their site.

Also, Ledger had a massive personal user data leak about a year ago. Fortunately they are only contact infos.

>> No.27761234

is having just a metamask that bad? whats the best hardware wallet?

>> No.27761365

>>27760514
Hardware wallet not needed.
All the real crypto chads and whales keep their coins on their old school Windows XP that they also use to torrent from Pirate Bay.

>> No.27761372

>>27761234
>he got metamuzzled
oh no no no
anon

>> No.27761489

>>27760514
i have over $1M stored on my browser extension wallet and like 200k on exodus wallet
dude trust me it's fine

>> No.27761531

>>27761489
source: dude trust me

>> No.27761637

>>27760514
i have almost a half a millii on a paper wallet in my drawer. nbd trust me

>> No.27761688

>>27761234
Metamask is not unsafe if you practice good cybersecurity and keep your private keys private. Now, if you're on windows and have viruses and keyloggers or install a fraudulent metamask extension, all bets are off. The best way to use metamask is with a hardware wallet. You just plug your hardware wallet in and connect it to the extension. Your private keys are never exposed that way. Any time you type your private keys in, you're creating a security risk.

>> No.27761815

Electrum on an always offline distro can do the same thing as a reddit stick.

>> No.27761830

>>27760514
fgjgjhgjhgjhg

>> No.27761849

What wallet do you use?

>> No.27761946

>>27761849
ledger nano s but only because it supports monero and im too cheap to buy the trezor model t

>> No.27762034

>>27761815
no it can't, faggot. you can't broadcast transactions from your always offline 'distro'. annoying faggot.

>> No.27762088

>>27761946
Why would you want a trezor t? I thought the ledger models were the best ones

>> No.27762176

>>27762088
the trezor use open source software
ledger fucked up and got hacked recently (not the device itself, but the storefront. the device is rock solid)

>> No.27762191

What happens if you try putting a token that isn't supported on a ledger nano? (Like for example rubic)

>> No.27762319

>>27762191
idk dude but you could always enter your private keys into another wallet if your token was rendered inaccessible on ledger

>> No.27762340

>>27760514
I like to keep mine in a plastic baggy up my asshole.

>> No.27762492

>>27762340
Truly you have a portfolio of shitcoins

>> No.27762519

>>27760514
https://news.bitcoin.com/crypto-hardware-wallet-firm-ledger-hacked-one-million-customer-emails-exposed/

I’m in the process of writing my own hardware wallets in python for myself and a few businesses. Get hacked faggots

>> No.27762556

>>27760514
Anon, when you are a normie that doesnt understand cryptography or a linux nerd, a hardware wallet should be in consideration when you have 6 to 8 figures in crypto that you are protecting for longterm holds. Hardware wallets makes securing your coins much easier especially when you dont know how to generate your own PGP pairs for examplr. If you dont know what PGP stands for or even being used for you should definitely invest in a hardware wallet. Or you can just keep it on the exchange if you werent in crypto for the MtGox fiasco

>> No.27762605
File: 27 KB, 800x450, 648f0ab6d4b072af8b30c7ff9b702655[1].jpg [View same] [iqdb] [saucenao] [google] [report]
27762605

>>27761233
>fortunately they are only contact infos
>fortunately

>> No.27762705

>>27762556
we had exchange hacks even last year

>> No.27762715
File: 2.98 MB, 3024x4032, DSCN_4183.jpg [View same] [iqdb] [saucenao] [google] [report]
27762715

>>27760514
Only the ones that don't let you lock the price. Here's mine - I get emails four times a day BEGGING me not to exercise that lock but I'm waiting for $100k, they can sweat

>> No.27762749

>>27760514
No. You have two options for secure transactions
>sign transactions offline in on an airgapped PC by transferring it via USB in a multi step process
>use a hardware wallet
it's just simpler to use the hardware wallet. Now Some people get confused about cold wallet and hardware wallets. A hardware wallet can be used to generate a cold wallet. A cold wallet is basically a wallet you never use, it's "cold storage". You could get a hardware wallet, use it to generate an address to send your crypto to, write down the seed phrase and wipe it or just lock it in a safe. Now it's a cold wallet until you're ready to move them somewhere else

Alternatively, you can use a hardware wallet for your day to day transactions, which would make it hot wallet. But it's way more secure since your private keys are never exposed in the process, unlike a software wallet where the keys are stored on your computer or phone.

>>27762519
>write my own hardware wallet in python
that will run on what hardware?

>> No.27762815

>>27762176
Twice! Ledger got hacked twice!
You have to be out of your mind to buy one.

>> No.27762859

>tfw my account was part of the data breach
>get a tonne of phishing emails/texts
>get a tonne of calls from obvious Pajeets trying to scam me
It’s settled down but what a shit show.

>> No.27762897

>>27760514
worse meme than physical metals

>> No.27762957

>>27762815
their website got hacked, there was no security flaws with the device itself as far as I know. Although yes I would not want to be in their database because of this >>27762859

>> No.27762998

>>27762859
fucking pajeets

>> No.27763023
File: 692 KB, 477x724, 1604592089523.png [View same] [iqdb] [saucenao] [google] [report]
27763023

>>27760514
no, its the best thing that ever happened to me
whenever im having a bad day, i respond to the hundreds of threatening phone calls i get a day from the ledger hack. i tell them to come to my house. ive beaten up over 25 pajeets, with the most being 4 simultaneously. i love my ledger!

>> No.27763098
File: 437 KB, 2029x2048, 1612459203998.jpg [View same] [iqdb] [saucenao] [google] [report]
27763098

>>27760833
>Because anyone with a significant amount have hardware wallets ?

>> No.27763132

>>27763023
this unironically sounds like something I would enjoy

>> No.27763149

>>27762715
i guess mines a meme then. Whats so op about locking the price?

>> No.27763153

>>27762957
>>27762998
Yeah I will say the actual hardware is fine and if you’re serious about crypto pretty useful.
Still, quite the fucking oversight.
Now when I see a number from like New Zealand or the UK i just ignore it.

>> No.27763360

>>27763149
You lock the price in at a certain level and then you can buy/sell at a better time for the price you locked in. It's like the strike price in option trading bro.

>> No.27763369

>>27762859
kek, same. My info was leaked as well and get daily calls from pajeets. Used to find them really annoying, but nowadays I kinda enjoy it because I deliberately waste their time and make them angry.

>> No.27763409
File: 3 KB, 250x228, 1609833820548.jpg [View same] [iqdb] [saucenao] [google] [report]
27763409

>>27762715
>>27763149
>>27763360
>spending money on a financial chastity belt

>> No.27763539

>>27762715
>let you lock the price
do people really

>> No.27763560

>>27763149
I can buy 0.81702 for $13,681.17 WHATEVER the current price.

So when the price reaches $100k I make $70,524.21 of profit and it cost me $13,861.17

>> No.27763623

Everyone saying not to bother getting a hardware wallet until you have a significant amount of crypto is wrong

You should get one now, learn how to use it, setup your shit, and do test runs of recoverying it, receiving and sending from it, etc.

Don’t wait until you’re in 6 figure hell to start learning how to use one

>> No.27763665

>>27763560
Sorry it cost me $11,324.85

>> No.27764471

$0.055 fucking obliterated and went right to $0.056

>> No.27765067

>>27763560
wait what the fuck

how does that even work

i legit know nothing about traditional investing stuff only trade cryptos like an autist

>> No.27765166

>>27763369
The “worst” one I got was some email with my name, phonenum and addy with a super sketchy threatening email saying that if i dont deposit 0.3 bitcoin into some wallet, my personal info will be sent to local robbers.
I lol’d hard.

>> No.27765281
File: 230 KB, 594x478, ledger hack.png [View same] [iqdb] [saucenao] [google] [report]
27765281

>>27760514
do you think people showing up to your house in the middle of the night is a meme?

>> No.27765315

>>27765166
“Local robbers”

Lol

>> No.27765503

>>27765067
It's a futures contract anon

Some mug sold me a futures contract for $11,324.85 betting the price of bitcoin would fall. But if the price rises to $100k, he owes me $70,524.21. AND I get my $11,324.85 back.

This is called locking the price and all the good hardware wallets allow it. Its why futures contracts were so important

>> No.27765619

>>27762605
KEK

>> No.27765698

>>27760514
Just send all your btc to this wallet, it's completely free.
bc1qe56ehsy0wxqsn5pn5wt3hw2vxsargejt60hcvp

>> No.27765850

>>27765067
7/10 bait
could've been an 8/10 but the eddit spacing gave it away.

>> No.27766064

Also I bet none of you fags got it this bad
>use trezor one for 3 years
>get pwned in ledger hack
>WTF I don't even have a ledger
>remember I entered my info in their website to order a nano s in 2018 but changed my mind before payment and closed the tab, they still saved my info
>fuck it i'll order a nano s now since I'm pwned anyway
>15 days of waiting because dhl gave it to local courrier who was on strike
>it arrives
>right button not working
>contact support
>no answer
fuck the french

>> No.27766074

>>27765850
>reddit spacing

Reddit spacing is when 2 spaces are put between each sentence/paragraph, because on Reddit one space will just be ignored.

just a little history listen from someone who has used this website for way too fucking long.

>> No.27766109

>>27765850
that was originally a 4chan thing newfag.

>> No.27766226

>>27766109
they make me feel old

>> No.27766268

>>27766064
which one is better then? can you lock the price on a ledger?

>> No.27766509

>>27760514
so don't buy ledger from amazon? only the official store? I have gift cards I need to use.

>> No.27766510

>Get *free ledger for being tezos ICO bag holder
>ledger database hacked
>inbox btfo with constant pajeet scam mail

Those tezos jews just can't stop fucking me over. God I hate that coin.

>> No.27766661

>>27760514
I never understood the appeal. How hard is it to memorize a password?

>> No.27766683
File: 982 KB, 1944x2592, 4109157806049913135.jpg [View same] [iqdb] [saucenao] [google] [report]
27766683

>>27761233
Was it an insider?

>> No.27766751

>>27760514
No, they're real items and not a joke.

>> No.27766913

>>27760514
>buy nano s years ago
>store a bunch of shit on there
>can't be recognized by windows 10
>try 4 different computers and a linux machine
>try literally 10 different USB cables
>do all the steps recomended
>still can't connect
>have to shill out $150 for a fucking X for no god damn reason
I transferred all of my shit online, I move it around on occasion and change passwords. Hard wallets are shit tier. Always the next product so they fuck the old product.

>> No.27766934

>>27766683
It was an insider at Shopify.

>> No.27767177

They're a meme unless someone can explain why you need 24 word phrases when I can't even remember 12 words.

>> No.27767319

>>27761637
imagine it catching fire

>> No.27767366

>>27767319
you can have as many copies as you want of nearly free.

>> No.27767584

>>27765503
lol you can lock it for a infinite amount of time?

Thats just stupid

>> No.27767737

>>27767177
you're not supposed to rememeber it you're supposed to write it down and store it in a secure location

>> No.27767769

>>27767737
never write down plain text seed or password ever!

>> No.27767801

>>27760514
Is this thread everyday a meme?

>> No.27767848

>>27767737
Then why would I even bother

>> No.27767914

how many times is this going to be posted?

>> No.27767932

>>27760514
Lmao imagine being this new

>> No.27768115

>>27761233
>contact info

and home addresses. If you ordered a ledger your name and address is on a list of known crypto holders. Hardware wallets are absolutely a meme that only serve to make you more of a target. You're also trusting there not to be a hardware vulnerability, considering they couldn't secure their website where else did that incompetence bleed into?

>>27767319
imagine not being able to remember a 12 word phrase

>> No.27768198

>>27767737
you're supposed to write it down on a paper, take a polaroid picture of it, torch the paper, put the polaroid it in a safety deposit box buried in your backyard

>> No.27768323

>>27760514
Not a meme, but fuck me I'm sure they're kike operation cause they ain't worth the money we pay for them.

>> No.27768562

>>27767769
human brains aren't reliable enough to bet your life savings on remembering words

>>27767848
the point of hardware wallets is so your transactions are secure, your private key is never exposed outside the device. The seed phrase is how you restore that private key (actually it's a bunch of keys that are algorithmically generated from the seed phrase)

>> No.27768565

>>27768323
indeed they are just a waste of money for most people. if you run a crypto business and likely to be targeted by malware or hacks you could use one of these. otherwise complete waste of money. especially for hodling.

>> No.27768654

>>27768323
a couple hundred bucks is worth it to securely deal with thousands of dollars worth of assets

>> No.27768661

>>27768562
>human brains aren't reliable enough to bet your life savings on remembering words
they are unless your brain is completely fucked by drugs

>> No.27768740

>>27768654
not really, because it doesn't add real security for most people.

>> No.27768752

>>27768115
>omg people now know there are homes that have hardware wallets in them
>they could like break in and still not be able to access it
Bro, I don't want to be a leaker...... But my neighbor lives at his address...... And the other neighbor, bro, someone lives there too. And they own things!

>> No.27768884

>>27760514
Ledger has the worst shills.
Go check out V TG and take notes on shilling retard.

>> No.27768906

>>27768661
any moment you get slip and fall or get hit in the head and get brain damage that prevents you from remembering, just getting older causes your brain to decay. if you don't wake up every morning and recite your seedphrase you will probably forget it eventially

>>27768740
it does unless they keep all their coins on an exchange. Actually it's way better for normies who are more likely to encounter malware

>> No.27768910

>>27768752
>they could like break in and still not be able to access it
chances are if someone is retarded enough to have a hardware wallet he is retarded enough to write down his seed.

>> No.27769121

>>27768661
I know people who can recite pi for several hundreds of digits. You'd have to be severely deficient to not be able to manage 12 words. Even if your brain is that smooth do something like inconspicuously hiding words in your photo collection.

I wonder how many wallets will be lost because e-celebs shill this thing as the most secure method and people don't bother to remember their private key because of a false sense of security.

>> No.27769133

>>27767848
Are you childless and alone or something? If you have a wallet you need your phrase backed up so the assets can be passed down

>> No.27769152

>>27768906
>any moment you get slip and fall or get hit in the head and get brain damage that prevents you from remembering, just getting older causes your brain to decay
at that point the least of my problems will be not remembering my password, but of course not all is lost.
>it does
nope sorry. hardware wallets are best suited as defense from targeted malware and active hacks.
but they add several vulnerabilities if you follow recommended protocol instead of increasing your security.

>> No.27769191

>>27768752
The point is that could use their guns to get your private key.

>> No.27769234

>>27769121
if your brain is totally fucked you can still do shamir's secret sharing.
there is never a good reason to write down your shit in plain text. ever.

>> No.27769333

>>27761688
what happens if your hardware wallet gets damaged?

>> No.27769391

Is it dumb to keep it with me at all times, like with my keys? I understand it could get lost or stolen but if I have the paper wallet at home won't i be golden? What if I leave home and my house burns down wouldn't it be good that i had the ledger on me

>> No.27769419

>>27761688
also, hypothetically, couldn't a worker at ledger or somewhere in the supply chain introduce a virus or something onto the wallet?

>> No.27769652

>>27769152
>they add several vulnerabilities if you follow recommended protocol
such as?

>> No.27769712
File: 231 KB, 1125x606, w.jpg [View same] [iqdb] [saucenao] [google] [report]
27769712

>>27769133
i have a bunch of these balance is distributed among many of them to mitigate risks at cashing out and certain other risks. many copies at different locations also digital copies.

the passphrase is split with m of n shamirs some parts sent to my kin, some in a safe some deposited at a layer and also included in my will.

no single actors can get to my coins anyhow. it would take a large collusion and i would likely be dead when my family does.

>> No.27769815

Are all of you guys paranoid? Do you do your trades in a public Starbucks or something?

How the fuck are you at any risk at all of “hackers” unless you download things from every sketchy pop-up you see
>having ads in the first place

Are you guys downloading porn or something?

>> No.27769888

>>27769815
every piece of software you have on your computer is absolutely riddled with 0day vulnerabilities.

>> No.27770078

>>27769888
With that logic anything you do on a computer ever is risky

>> No.27770088

They're def worth it. They only people that day they're not are either:

A: broke
B: a fat chud that has never smelled a woman and is like "well ackshully if you run linux on a blueberry pie that's airgapped and surrounded by a faraday cage"

>> No.27770090

>>27769133
>so the assets can be passed down
What is the best way to do this securely? Multiple security boxes? Give one half to my son now and the other to a third party custodian?

>> No.27770153

>>27769815

This. Also just get another cheap laptop that you only use for trading, ez

>> No.27770188

>>27766683
Someone who lives 100% of the time on a VR headset watching stock or crypto numbers to detect the slightest changes and predict patterns.

>> No.27770222

>>27769652
as per standard protocol the main ones are
1 the devices are not crpytographically secure if an attacker has physical access. the pin is a joke not security. the memory content can be accessed and scanned with the proper lab equipment costing merely a few grand.
2 writing down your seed and hiding it is just absolutely horrible in case a home invasion happens.
3 there have been found several vulnerabilities when a malware compromised computer deceived the user into authorizing a transaction that emptied his wallet to the hackers.

>> No.27770284

>>27770078
if it involves life changing money? yes.

>> No.27770661

>>27770222
oh and i almost forgot how deterministic hierarchic wallets (seed based) are extra vulnerable against quantum computers after the first transaction authorized as any private key generates all other private keys.

>> No.27770933

>the devices are not crpytographically secure if an attacker has physical access. the pin is a joke not security. the memory content can be accessed and scanned with the proper lab equipment costing merely a few grand
I agree, if an attacker has physical access then you are potentially fucked. But that's not the point of these devices, it's to prevent digital access. And it doesn't take $1000s of dollars, it takes a $5 wrench
>writing down your seed and hiding it is just absolutely horrible in case a home invasion happens.
then you didn't hide it well enough
>there have been found several vulnerabilities when a malware compromised computer deceived the user into authorizing a transaction that emptied his wallet to the hackers.
that's not the devices fault, the same could happen when you sweep your paper wallet

>>27770661
quantum computing is as much as a meme as AI

>> No.27771232

>>27761637
>>27767319
I lost 3.5BTC back in early 2010 when it was worth pretty much nothing. I forgot the password either for the wallet itself or for the Cleopatra encryption key. Can't remember now. But yeah I didn't really care about it at the time.
Since then, well, we all know what happened to bitcoin.

>> No.27771458

>>27760514
If hardware wallets are not safe and keeping it in your coinbase/binance/kraken account isn't safe. Then what is safe?

>> No.27771482

>>27769333
>buy a new one
>enter seed
>???
>done

>> No.27771787

>>27771458
Hardware wallets are pretty much the safest. Which part of it is unsafe to you?

>> No.27772002

Let's take this one step further: Name me one good reason to use any kind of wallet instead of just keeping all my coins in the exchange.

>> No.27772326

serious question. i got a ledger, but now im too anxious to put my crypto in it because i might lose it.

the only solution i can think of is to store the ledger usb in a safety deposit box at a bank.

but how ironic would that be?

>> No.27772368

>>27760514

Are steel recovery back up capsules a meme? Are they worth it in case of fire?

>> No.27772527

>>27772368
literally just have a paper backup on hand, and then place another paper backup in an envelope at your bank.

>> No.27772529

>>27772368

ive wondered this too. but if a capsule got hot enough, wouldnt it fry a cold storage wallet inside it? ironically a paper wallet in a fireproof bag would be safer.

>> No.27772627

>>27762340
Same but without the bag

>> No.27773016

>>27772326
Buy a fireproof gun vault. You should also own guns.

>> No.27773073

>>27772326
you could always have 100 acres of land, pick a random spot on that land, bury it

>> No.27773231

>>27772529

Nah they're not used to store your hardware wallet in, only your recovery seed.

>>27772326

I think you're forgetting about your recovery backup seed, anon. Plenty of people have gotten there hardware wallets stolen or lost in the past. As long as you have your recovery backup seed you can recover your money.

>> No.27773436

I seriously don’t understand. You fuckers thing someone will break into your house and look for some small piece of paper with your words? At that point your life is fucked anyway. Who the fuck is breaking into your house? Are you in a third world country

>> No.27773508

>>27773436
probably somebody looking for mega millions

>> No.27773521

>>27760514
Lol why the fuck would they be a meme? It's literally a thumb drive with your BTC wallet on it...

>> No.27773704

>>27761365
Are there actually advantages to using an old pc to hold coins and pirate stuff?

>> No.27774165

>>27761365
>>27773704
Whales have no need to torrent. They would be putting in extra effort and time into something that cost them virtually nothing.

>> No.27774650

>>27773231
thanks for explaining this to me. i still have a lot to learn in terms of storage.

i havent put anything in the ledger yet until im sure i know im doing it right and wont fuck up something

>> No.27774878

>>27763149
Jfc gtfo right now newfag

>> No.27775573

>>27760514
Just put Airgap Vault on an old android phone. Instant cheap hardware wallet.

>> No.27775768

>>27770078
Yes, hence hardware wallets that don't require your seed phrase to interface with any computer, brainlet

>>
Name (leave empty)
Comment (leave empty)
Name
E-mail
Subject
Comment
Password [?]Password used for file deletion.
Captcha
Action