New Totse

With the rise of crypto and the fall of giant exchanges like Mt. Gox, hardware wallets seem like a smart idea to me. Here is the one I've been looking at.

https://trezor.io/

This one has been around for a long time If I remember correctly. I've been eyeballing it for a bit now and wondering if anyone had any experience with hardware wallets?

Seems like a really expensive device for something really simple, no?

Helladamnleet wrote: ↑

Tue Feb 02, 2021 7:12 pm

Seems like a really expensive device for something really simple, no?

It's not really simple per se. You could just download a wallet onto a hard drive and then take the hard drive out of your computer. The hardware wallet though has a bunch of different security measures on it that keep it from being hacked or keep you from losing your pass key and thus losing all of your assets.

They are neat and pretty useful for some people. I just keep wallets in cold storage when I'm not using them because I am not a millionaire and stuff.

Das Troll wrote: ↑

Tue Feb 02, 2021 8:30 pm

Helladamnleet wrote: ↑

Tue Feb 02, 2021 7:12 pm

Seems like a really expensive device for something really simple, no?

It's not really simple per se. You could just download a wallet onto a hard drive and then take the hard drive out of your computer. The hardware wallet though has a bunch of different security measures on it that keep it from being hacked or keep you from losing your pass key and thus losing all of your assets.

Seems like a pen drive would do the same thing though. Or like a SSD with a password behind it.

how do you use it? like you get to the store and have them scan it or something?

Helladamnleet wrote: ↑

Wed Feb 03, 2021 6:34 am

Das Troll wrote: ↑

Tue Feb 02, 2021 8:30 pm

Helladamnleet wrote: ↑

Tue Feb 02, 2021 7:12 pm

Seems like a really expensive device for something really simple, no?

It's not really simple per se. You could just download a wallet onto a hard drive and then take the hard drive out of your computer. The hardware wallet though has a bunch of different security measures on it that keep it from being hacked or keep you from losing your pass key and thus losing all of your assets.

Seems like a pen drive would do the same thing though. Or like a SSD with a password behind it.

You can do that sure, people do. I guess it all depends on how paranoid you are. If you scroll down the page a bit

https://trezor.io/#comparison

You can see what security measures are on it.

fuckreddit wrote: ↑

Wed Feb 03, 2021 7:31 am

how do you use it? like you get to the store and have them scan it or something?

Think of it more like a vault where you store your crypto. You can get crypto wallets on your phone or even a credit card now that will allow you to use crypto at a store.

it isn't the same as an SSD or pen drive.

It stores the private key internally, and simply does not have the ability to share it, it just generates public keys when needed. There is no way to put that functionality on a regular storage drive.

Huh, I was unaware that it was impossible to put software on a pen drive.

Helladamnleet wrote: ↑

Mon Feb 15, 2021 7:24 am

Huh, I was unaware that it was impossible to put software on a pen drive.

It is physically possible to read all of the data on an SSD, a hardware wallet is a special device that has the private key stored in a way that makes it physically impossible for any external access to the memory where the private key is stored. There is no way to get the private key of a hardware wallet ever, or at least without doing something really risky and drastic like trying to jump the die.

DBDK wrote: ↑

Fri Feb 19, 2021 1:36 am

Helladamnleet wrote: ↑

Mon Feb 15, 2021 7:24 am

Huh, I was unaware that it was impossible to put software on a pen drive.

It is physically possible to read all of the data on an SSD, a hardware wallet is a special device that has the private key stored in a way that makes it physically impossible for any external access to the memory where the private key is stored. There is no way to get the private key of a hardware wallet ever, or at least without doing something really risky and drastic like trying to jump the die.

Fair enough, but why can't a pen drive be encrypted the same way? About the only thing I'm seeing it really having is the screen and buttons so you don't have to physically plug it into anything, but Android phones have had working USB ports for, like, 4+ years now so the screen almost seems like an additional failure point rather than a neat feature.



Thanks for having this discussion, by the way. I appreciate that you are having a real debate with me instead of telling me I'm retarded and to fuck off because I don't instantly agree with your point of view.

Helladamnleet wrote: ↑

Fri Feb 19, 2021 7:39 am

DBDK wrote: ↑

Fri Feb 19, 2021 1:36 am

Helladamnleet wrote: ↑

Mon Feb 15, 2021 7:24 am

Huh, I was unaware that it was impossible to put software on a pen drive.

It is physically possible to read all of the data on an SSD, a hardware wallet is a special device that has the private key stored in a way that makes it physically impossible for any external access to the memory where the private key is stored. There is no way to get the private key of a hardware wallet ever, or at least without doing something really risky and drastic like trying to jump the die.

Fair enough, but why can't a pen drive be encrypted the same way? About the only thing I'm seeing it really having is the screen and buttons so you don't have to physically plug it into anything, but Android phones have had working USB ports for, like, 4+ years now so the screen almost seems like an additional failure point rather than a neat feature.



Thanks for having this discussion, by the way. I appreciate that you are having a real debate with me instead of telling me I'm retarded and to fuck off because I don't instantly agree with your point of view.

You could password encrypt a USB, with the private key seed phrase on it or whatever. I keep mine offline completely in two places, recreate my key from the seed when needed and delete everything afterwards, my way is a little more secure than bothering with a USB key and not much more time consuming. It is the same thing though, someone can get to my private keys on paper, just like someone could get the unencrypted contents of your USB. You get a hardware wallet when you want it completely 100% fucking bullet proof impossible for anyone to ever get that fucking key, it is definitely a step up in security, that is the main reason to get one, not the convenience of having your wallet on a little USB device.

DBDK wrote: ↑

Sat Feb 20, 2021 5:21 am

Helladamnleet wrote: ↑

Fri Feb 19, 2021 7:39 am

DBDK wrote: ↑

Fri Feb 19, 2021 1:36 am

Helladamnleet wrote: ↑

Mon Feb 15, 2021 7:24 am

Huh, I was unaware that it was impossible to put software on a pen drive.

It is physically possible to read all of the data on an SSD, a hardware wallet is a special device that has the private key stored in a way that makes it physically impossible for any external access to the memory where the private key is stored. There is no way to get the private key of a hardware wallet ever, or at least without doing something really risky and drastic like trying to jump the die.

Fair enough, but why can't a pen drive be encrypted the same way? About the only thing I'm seeing it really having is the screen and buttons so you don't have to physically plug it into anything, but Android phones have had working USB ports for, like, 4+ years now so the screen almost seems like an additional failure point rather than a neat feature.



Thanks for having this discussion, by the way. I appreciate that you are having a real debate with me instead of telling me I'm retarded and to fuck off because I don't instantly agree with your point of view.

You could password encrypt a USB, with the private key seed phrase on it or whatever. I keep mine offline completely in two places, recreate my key from the seed when needed and delete everything afterwards, my way is a little more secure than bothering with a USB key and not much more time consuming. It is the same thing though, someone can get to my private keys on paper, just like someone could get the unencrypted contents of your USB. You get a hardware wallet when you want it completely 100% fucking bullet proof impossible for anyone to ever get that fucking key, it is definitely a step up in security, that is the main reason to get one, not the convenience of having your wallet on a little USB device.

I forgot that they give you some long ass key you're supposed to keep track of. Sad thing is because of this bullshit tactic I've probably lost like 3 or 4 bitcoins.

I'd have done a lot more faucets if I'd known this shit would balloon like it did.

fuckreddit wrote: ↑

Wed Feb 03, 2021 7:31 am

how do you use it? like you get to the store and have them scan it or something?

yes exactely my question are same how do you use ?

kriptopoulin wrote: ↑

Tue Mar 08, 2022 11:53 pm

fuckreddit wrote: ↑

Wed Feb 03, 2021 7:31 am

how do you use it? like you get to the store and have them scan it or something?

yes exactely my question are same how do you use ?

It's just like a wallet you have on your computer. You send crypto to it when it's connected and then you disconnect it. Then you store it in a safe place.

Das Troll wrote: ↑

Wed Mar 09, 2022 12:07 am

kriptopoulin wrote: ↑

Tue Mar 08, 2022 11:53 pm

fuckreddit wrote: ↑

Wed Feb 03, 2021 7:31 am

how do you use it? like you get to the store and have them scan it or something?

yes exactely my question are same how do you use ?

It's just like a wallet you have on your computer. You send crypto to it when it's connected and then you disconnect it. Then you store it in a safe place.

thanks man you save my time