/biz/ - Business & Finance

[Anonymous No.57384505]

Trezor bois not so smug now
https://www.bleepingcomputer.com/news/security/trezor-support-site-breach-exposes-personal-data-of-66-000-customers/

[Anonymous No.57384518]

>>57384505
These things have never been safe. Imagine losing it and your crypto being lost. No way, i trust coinbase more

[Anonymous No.57384529]

This has nothing to do with people stealing your private keys.

[Anonymous No.57384536]

>>57384518
based retard doesn't even understand their purpose

[Anonymous No.57384548]

>>57384536
Yes its offline storage aka cold storage. You plug it in with usb and then move your crypto to the trezor or ledger. Then it cant be hacked unless you plug it in again;.

I understand the concept, but it seems dangerous. What if you lose it in a house fire or it gets stolen or whatever.

[Anonymous No.57384588]

>>57384548
You can backup your seed encrypted via an offline PC and transfer to a live pc and then upload in the cloud to many service providers so only you can access the key in the future, problem is this is completely unacceptable if you need to actually move your crypto, but you can't just decrypt the key on your live pc because that could put it at risk, so you use the trezor which also has the keys. This way you have a secure key stored many places that cannot be easily accessed, but you also have a secured key you can easily access (and easily lose, but not suffer losses from).

Brain harder. Keys are keys.

[Anonymous No.57384608]

>>57384548

>there are STILL people on /biz/ in 2023 that think hardware wallets work like this

[Anonymous No.57384624]

>>57384588
Yes but then you have 2 hardware wallets. And if someone finds one of them....

>>57384608
Its 2024

[Anonymous No.57384632]

>>57384624
>Yes but then you have 2 hardware wallets. And if someone finds one of them....
FUCK YOU'RE WRONG IN BOTH SENTENCES. FUCK YOU. Not worth my time anymore.

[Anonymous No.57384661]

>>57384632
>>57384624
Ok I sperged out a bit.
Your keys encrypted and stored several places are not a hardware wallet. You do not suddenly have 2 hardware wallets.

If someone finds your hardware wallet they're still likely not gonna access your key, and if you do actually lose your hardware wallet you should have the foresight to move your crypto to a new wallet just in case.

[Anonymous No.57384677]

>>57384661
But how do you move the crypto from one hardware wallet to the other? Do you need like a pairing cable? I bet those cost extra too. Not worth it for most people.

[Anonymous No.57384688]

>>57384677
OK you are trolling either me or yourself. Go back to square one and read up on seeds and keys again.

[Anonymous No.57384692]

>>57384505
so retards who spoke to support gave up their seed phrase? smart

[Anonymous No.57384704]

>>57384688
no

[Anonymous No.57384737]

>>57384677
have you ever used crypto before?

[Anonymous No.57384739]

>>57384737
yes coinbase

[Anonymous No.57384747]

>>57384505
Hardware wallets only store your keys in a device. Your keys are still on the blockchain and can be hacked through MiM attacks if you download any extensions related to your wallet. A Trezor or Ledger are just a fancy way to hold your keys in a convenient place that can't be hacked per device. But again, if you have any extensions enabled you're fucked if you use a weak password. That's why you don't trust airdrops anymore.

[Anonymous No.57384794]

holding crypto since 2013, participated on ETH ICO and i still dont know why ppl use those nigga devices lmao

[Anonymous No.57384843]

I used my seed phrase as my user name am I fucked?

[Anonymous No.57385119]

why do you need these scams? you guys cant memorize 12 words? lmao ngmi

[Anonymous No.57385232]

>>57385119
have fun inputting your seed phrase into a computer every time you want to make a transaction

[Anonymous No.57385409]

>>57385232
you can sha256 using pen and paper you know

https://www.righto.com/2014/09/mining-bitcoin-with-pencil-and-paper.html