Technically, Coinbase is correct! Not your keys, not your coins!
- Thread starter jafo
- Start date
- Status
It's something one really needs to think about. I put all my assets on a Ledger, and then I know what I have and can move around or pay with it as I PLEASE.
Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
Toggle signature
If money is your hope for independence you will never have it. The only real security that a man will have in this world is a reserve of knowledge, experience, and ability!
My personal favorite thread posted in the Mentor Group. Group of investment companies to avoid licensing.
Some people are* not in crypto for the financial permissionless of it but because of the finance side.
Have you seen Arhanm Intelligence, a tool aimed to “deanonymize the blockchain”?
They might have already deanonymized our wallets.
An example
https://insidebitcoins.com/news/elo...3-billion-in-bitcoin-arkham-intelligence-says
Of course, maybe I should say it completely defeats the object of common sense.
No different to those who put tons of cash into Football Index a few years back.
What do you mean, not secure? will they steal your coins? will the device stop working ?
Toggle signature
I am not a quitter, and therefore I share my sympathy with the content of this thread. thu&¤#
Worst advice ever, Trezor and Ledger might keep your crypto safe, but that cannot be said for your private information, and that's more valuable than whatever you have in the usb stick. People got kidnapped last time their information was leaked, many such cases. It takes 200 dollars and 30 minutes of your time to set-up a smartphone running Ubuntu Touch or Sailfish OS and the privacy that comes with it is priceless.
Do you have a link with instructions on how to do this?
PS. I googled, but I am apprehensive about following unvetted links, even those provided by Google.
Why would you recommend dead distro which had its support by canonical dropped already in 2015 and since only maintained by few community members . Also it lags years behind in updates . Sailfish os isnt open source it just relies on open source components. And why would you rely on a sole finnish company to provide updates . Why would you use an smartphone as wallet you are just creating a lot of attack surface . Just get Keystone . everything is open sourced .
And also Ubuntu touch relies on a version which is around 4 years old with public exploits . ...
And also Ubuntu touch relies on a version which is around 4 years old with public exploits . ...
Wanted to write somewhat similar response, but you beat me to it. Never understood people that recommend smartphones to store crypto.
Don't use your name and address when ordering/buying a hardware wallet. Simple.
True.
Cold wallet is secure but single purpose solution.
People need a versatile and multi purpose solution with highest possible security - and any what we are - biometrics - auth methods aren't secure, they are just comfortable.
The 2FA/MFA defeats the purpose if set-up on the same platform were wallet resides even if it's hypotheticaly the most secure.
Every functional system is a compromise between safety and usability.
SailfishOS is effectively vendor locked to SONY Xperia and not secure as advertized. Ubuntu touch may become a better solution as it supports OnePlus and FairPhone among other vendors. Not mature for production use.
There are other O/S solutions designed for security, privacy and anonymity. It all boils down to application ecosystem and usability.
Ubuntu touch runs on 20.04 which has public exploits . 2nd there very few wallets that support arm architecture . Ubuntu touch is a dead project .You will just run into issues with software compatibility issues . Just use GrapheneOS: the private and secure mobile OS if you care about privacy on your phone
there are only like 2-3 wallets that support arm architecture . And they are all unmantained and old builds . GitHub - dikel/ubitcoin: Simple Bitcoin Cash wallet for Ubuntu Touch
These wallets are made by one person . Mostly non existing test coverage . Its just bad
yeah you have to be dependent on others if you don't handle your own wallet. I would never keep my coins with any of these services.
Why would I not? Is Canonicals involvement a new unit of measure I somehow missed? Because last time I checked Ubuntu Touch is supported by UBports foundation and it has over 8000 community members working on it, so what you just said makes absolutely no sense to me, why are you spreading misinformation?
And it is not years behind in updated, OTA-4 was released this January and OTA-3, 3 or 4 months before that, so once again I ask you, why are you spreading misinformation?
Now to SailfishOS, what does "isnt open source it just relies on open source components" mean?
Why would I not rely on a sole Finnish company for updates? You seem to be fine with relying on Ledger, a single company. I rely on Jolla because Jolla makes money selling it's products, so that tells me a bit more about where and how the development is going, not only that, but even if Jolla was to stop supporting it, I can easily move somewhere else.
It's been years and I'm still waiting for that attack surface to be attacked, meanwhile both Ledger and Trezor have had multiple leaks and people are still losing crypto to this day, because their emails and phone numbers are everywhere in the interwebz. And thank you for the suggestion but I'll stick to my smartphone.
Ubuntu Touch has an installer, you can find more information here: UBports Installer Ӣ Ubuntu Touch Ӣ Linux Phone
Worth mentioning, at one point in the past I hired my very own developers and I've ran my own apps (crypto) since then, not sure if I've mentioned that before here in the forum, a lot of these smartphone versions might not have a wide selection of crypto apps so the best solution is to make your own.
Even (16 - 18 - 20 etc) versions of Ubuntu are LTS, so exploits are mitigated per industry standards. With delay 😉
Neither GrapheneOS nor CalyxOS can be considered nor are secure - not just because they have integrated Google application ecosystem, which is entirely different topic.
Made to measure 😎 Unfortunatelly, not everybody can afford custom made items.
Let's discuss the topic and not the engineering details 😉
It's all about persistent identity and transparency achieved thru KYC. Governments lose control and legitimacy when their citizens have liberty to choose options and instruments of payment and creating wealth - and even some nominaly less important living options - watching foreign TV via satellite or IPTV etc 🙄
Non custodial and private wallet is always the best option to hold crypto assets. The problem is when you want to sell/trade them; you can't do it always privately.
Some people simply have confidence in government regulated market providers. Both KYC and non custodial wallets defeat the purpose od crypto-currencies.
Someone has already advised not to use your name and address when buying Ledger/Trezor...
Who is going to guarantee you that there won't be data leaks from crypto friendly banks/EMIs and nobody will know your wallet's address and see the balance in it?
Or that maybe your accountant "sells" your crypto-company's wallet address?
Are you sure your name won't show up on a deanonymizing tools like Arkham intelligence?
Blockchain is still missing privacy, there will be solutions for that, but for the moment every wealthy crypto guy might be at risk of being kidnapped.
Well store has a Identification number for the specific ledger, Ledger has a identification reference for the ledger, and ledger live pulls in data from the end users device including the identification reference.
- Status