/biz/ - Business & Finance

[Anonymous No.10899604]

Anyone using hardware wallets?
I fail to see how these are anything other than over priced usb drives

[Anonymous No.10899617]

>>10899604
USB drives are readable.

[Anonymous No.10899618]

>>10899604
Nano s has a secure element that's supposed to be hard to physically reverse engineer.

[Anonymous No.10899621]

keeping 20 BTC on binance, comfy as fuck

[Anonymous No.10899623]

>>10899604
>this shit again

[Anonymous No.10899624]

>>10899604
HW wallets are for suckers, I only use exchanges. Funds are safu

[Anonymous No.10899633]

>>10899621
Larp

[Anonymous No.10899636]

It's not a usb stick, it doesn't store files, learn how blockchain works you dumb fuck

[Anonymous No.10899639]

>>10899624
hacking is not the only danger. Funds on an exchange can be locked. Bitstamp was the #1 exchange for a time. They are irrelevant today because they started locking people's funds and demanding proof of origin.
It can happen to anyone. You don't really own coins on an exchange.

[Anonymous No.10899646]

>>10899604

Do some basic research and larp more. No need to shit up this board with your stupidity.

[Anonymous No.10899655]

Since I've been in crypto in 2011 nearly every major top exchange has collapsed...MTGox...Cryptsy...Mint something i forget the name, poloniex has some weird shit and locking people out, Bittrex taken over maybe, BTER hacked......My point is there hasn't been a major exchange hack for a few years now and probably we are due one soon.

[Anonymous No.10899660]

>>10899655
there were several hacks recently, but in south korea

[Anonymous No.10899695]

>>10899604
>I fail to see how these are anything other than over priced usb drives
This is a BAIT thread, this exact phase has been said before on the subject by a OP...No one is dumb enough to think this

FYI all your coins are stored on the hardware wallet! Don't lose it or you lose all your coins!

reminder this is a bait /thread

[Anonymous No.10899699]

>>10899695
>FYI all your coins are stored on the hardware wallet! Don't lose it or you lose all your coins!
And this is a bait reply.

[Anonymous No.10899707]

>>10899655
there was a pretty major one in japan i think. something like $200 million

[Anonymous No.10899718]

>>10899604
hardware wallets are just overpriced usb sticks

[Anonymous No.10899840]

>>10899718
Well they fucking are and none of you explained why not
How is it different from creating a veracrypt drive and storing it in a usb drive?

[Anonymous No.10899855]

>>10899840
Hardware wallets are for the retarded who don‘t know how else to keep their keys safe.
For the normie fucks that don‘t own multiple Linux machines.

[Anonymous No.10899902]

>>10899604
>not flashing the BIOS of a Lenovo Thinkpad t4000
>not using libreboot or voidlinux
>not doing the whole process in a faraday cage
>not having several boomboxes screaming metal to keep the cpu whine from leaking
>not holding a lighter up to the cpu while you key pairs are generating for extra entropy
>not engraving 3/4ths of the priv key on titanium plates to be hidden and memorizing the last 1/4

sorry bud, your coins are as good as gone. Shouldn't have bought an overpriced usb stick.

[Anonymous No.10899929]

>>10899655
Bitfinex with its socialised loss, the Nem 500m hack in Asia, Bitgrail for me personally

[Anonymous No.10899930]

>>10899902
Based and redpilled

[Anonymous No.10899952]

>>10899902
>he doesn't access his funds solely from his submarine, in international waters, underneath at least a league of water, in the dead of night

good luck buddy, I know the first three numbers.

[Anonymous No.10899956]

>>10899636
It stores private keys dumbass

[Anonymous No.10899966]

>>10899639
This

[Anonymous No.10899969]

>>10899646
>larp more
You mean lurk don't you?

[Anonymous No.10899984]

>>10899655
Lost a bunch of coins in the bter hack myself. Safest bet is to run a full node and keep your crypto yourself. Coinbase has never lost anyone's coin to my knowledge.

[Anonymous No.10900018]

>>10899840
You are right of course. Veracrypt is too complex for normies. I don't even go that far. I store my wallets on thumb drives and use 7zip to make an encrypted archive then just copy that file to other thumb drives as backups in case one gets destroyed or i lose it.

[Anonymous No.10900058]

>>10899840
Because then your computer still has direct access to the private keys when you open it, and any virus or trojan on it can steal them.

With a hardware wallet the keys are completely inaccessible in a separate chip within the wallet that isn't even directly connected to the USB. No way to access them from outside.

[Anonymous No.10900061]

2 hardware wallets & key on stainless steel plate. Also have key memorised
>>10899840
Hey newfag, the difference is the hardware wallets are stand alone with the usb drive you would have to have the apps on the computer to access the wallet. They are also secure, I personally don't trust myself to set up a Linux box for this even though i do use Linux. Look OP if you have to ask these q's you are to dumb to set up a linux box...fuck a bit ago some tard Anon could not figure out how to use his HW....Just buy one ffs

Ledger - closed source but hodls shitcoins
trezor - open source + passphase instead of numbers in addition to the 24 seed key.

I have both, prefer the trezor...i trust them more also.

Get one if you care about your financial future

[Anonymous No.10900186]

>>10900058
>having viruses on your machine in 1997+21
>somehow not a problem for your bank account or email account to which you have half of your digital life connected
7 figures worth of crypto and it's all stored in plain text in a folder named CRYPTOCURRENCY
come at me bro
but yeah, if you're a wagecuck with no networth save for crypto and really can't stay away from blacked porn and torrenting anime from russian websites, a hardware wallet isn't the worst choice

[Anonymous No.10900212]

>>10899604
>not using a hw wallet to lock in your btc price
No wonder, this board is full of pink wojacks

[Anonymous No.10900218]

>>10900186
This is why my bank account and email have 2FA.

[Anonymous No.10900249]

>>10900186
>>somehow not a problem for your bank account or email account
The bank can just revert any illegal transactions and no one is incentivized to hack my social media - what the fuck do they have to gain from it?

[Anonymous No.10900422]

>>10899956
No it doesn't you ass hat put an ass as your hat

[Anonymous No.10900553]

lmao i got my private keys stored on my laptop in a word doc
feeling safe

[Anonymous No.10900567]

>>10900553

[Anonymous No.10900629]

>>10899840
Because hardware wallets self sign transactions with your keys directly on the stick, your private keys never ever see your computer.

If you had a USB stick that had encrypted keys, you unencrypt them and paste them into MEW and then your tokens are gone.

[Anonymous No.10900694]

>>10899604
all hardware is compromised. paper wallet master race

[Anonymous No.10900696]

>>10899604
You fail to see because you don't understand what you're talking about, you literal brainlet.

[Anonymous No.10900755]

>>10899840
>how is a dishwasher any different than washing each and every dish by hand?