📅 Original date posted:2011-06-16
🗒️ Summary of this message: Experts suggest that wallet encryption only eliminates bad PR, and air-gapped wallets should be introduced to prevent loss of all coins. However, an insecure PC has no defense.
📝 Original message:On Thursday, June 16, 2011 1:59:56 PM Jeff Garzik wrote:
> > 2) Wallet security.
>
> Agreed, though security professionals (and luke-jr) are already
> pointing out the wallet crypto mainly eliminates a bit of bad PR,
> rather than being a major crime deterrent.
>
> zooko on IRC had a pretty good suggestion: introduce a built-in
> facility for air-gapped wallets (multiple wallets), so that loss of
> your everyday transactional wallet does not mean loss of everything.
Even if you do this, a cracker can still simply send your encrypted wallet to
himself, secure-delete your local one, kill your client, and demand you
publish your password if you want some portion of your coins back.
I'm not sure there's *any* defense for an insecure PC. Maybe Bitcoin will end
up forcing people to reconsider their priorities when it comes to security...
Luke-Jr [ARCHIVE] /
npub1dt…u7wrs
2023-06-07 01:21:18
in reply to nevent1q…zlle
Author Public Key
npub1dtr22xd42nv07un2xq0rmtkqkjylgsmexau0anxxafa9xmmn2ncshu7wrsPublished at
2023-06-07 01:21:18Event JSON
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"content": "📅 Original date posted:2011-06-16\n🗒️ Summary of this message: Experts suggest that wallet encryption only eliminates bad PR, and air-gapped wallets should be introduced to prevent loss of all coins. However, an insecure PC has no defense.\n📝 Original message:On Thursday, June 16, 2011 1:59:56 PM Jeff Garzik wrote:\n\u003e \u003e 2) Wallet security.\n\u003e \n\u003e Agreed, though security professionals (and luke-jr) are already\n\u003e pointing out the wallet crypto mainly eliminates a bit of bad PR,\n\u003e rather than being a major crime deterrent.\n\u003e \n\u003e zooko on IRC had a pretty good suggestion: introduce a built-in\n\u003e facility for air-gapped wallets (multiple wallets), so that loss of\n\u003e your everyday transactional wallet does not mean loss of everything.\n\nEven if you do this, a cracker can still simply send your encrypted wallet to \nhimself, secure-delete your local one, kill your client, and demand you \npublish your password if you want some portion of your coins back.\n\nI'm not sure there's *any* defense for an insecure PC. Maybe Bitcoin will end \nup forcing people to reconsider their priorities when it comes to security...",
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