Ive met bankers and many other types of people tha
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Posted On: 07/25/2017 10:54:32 PM
Ive met bankers and many other types of people that probably wont ever be able to open a wallet. Remember, with a wallet you still have an address on the public blockchain. your wallet serves as a secret key. Nothing is impenetrable.
I say this because your general investor will get frustrated and stop. setting up an account with bitstamp is hard enough. Dont get too worried. Yes Poloniex lost some coins for people, but it turns out they dont keep client coins in an offline cold wallet. They still dont. Mt Gox people lost but that is most likely due to embezzlement. Bitstamp was hacked back in 2015 but only a small amount of operating funds that were kept in a hot wallet were stolen. Bitstamp has always kept client money in an offline cold wallet. they were the first to do so.
Much in the way of security for Bitstamp has happened since then. They are licensed in the EU and in Luxembourg- not an easy feat. They enabled 2FA Authentication. Only one of my banks has enabled this. My BoA has not. It is the latest and greatest in security. Malware protection doesnt work. you have to encrypt against keylogging you have to out of band authenticate.
so anyway, a little paranoia is a good thing but dont go over board. your bank accounts can be easily hacked, and every institution has been hacked as well. i have a lot of security in place, but i dont think id be able to fend off a professional targetted attack. call me crazy, but ill trust the institution i deal to have safeties in place. in the meantime, i wont answer unknown emails and click on links sent randomly to me. ill use products from sfor and shield my identity as much as possible.
keep private info private.
I say this because your general investor will get frustrated and stop. setting up an account with bitstamp is hard enough. Dont get too worried. Yes Poloniex lost some coins for people, but it turns out they dont keep client coins in an offline cold wallet. They still dont. Mt Gox people lost but that is most likely due to embezzlement. Bitstamp was hacked back in 2015 but only a small amount of operating funds that were kept in a hot wallet were stolen. Bitstamp has always kept client money in an offline cold wallet. they were the first to do so.
Much in the way of security for Bitstamp has happened since then. They are licensed in the EU and in Luxembourg- not an easy feat. They enabled 2FA Authentication. Only one of my banks has enabled this. My BoA has not. It is the latest and greatest in security. Malware protection doesnt work. you have to encrypt against keylogging you have to out of band authenticate.
so anyway, a little paranoia is a good thing but dont go over board. your bank accounts can be easily hacked, and every institution has been hacked as well. i have a lot of security in place, but i dont think id be able to fend off a professional targetted attack. call me crazy, but ill trust the institution i deal to have safeties in place. in the meantime, i wont answer unknown emails and click on links sent randomly to me. ill use products from sfor and shield my identity as much as possible.
keep private info private.
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