Quote:
Originally Posted by AndyDufresne2
The thing that doesn't get mentioned enough is the fact that security isn't something you can just wave a magic "technology" wand at and get right. Yes, the cryptography is secure, but it's also secure for bad actors against good actors. Computer security is actually very difficult to get right. If someone hacks your online wallet you're totally ****ed and without recourse, while if someone hacks your Chase account you're largely protected.
"But don't use an online wallet!" is the most hilarious response I've ever heard as well. Yes, I guess I'll just put $100k on my home computer... and back it up on a flash drive... and back it up at a remote location (offline of course) in case my house burns down. Don't forget putting the password in a place where my kids can access it in the event of my death, but no criminal can.
And then once I get myself set up I'll just send some clear instructions to my mom so she can get set up on the currency of the future.
I just want to point out that people have lost money from their bank accounts with no recourse or reimbursement by debit card theft. Credit cards are largely protected against fraudulent charges, debit cards are not, AFAIK.
You can secure your online accounts from hackers by using basic security techniques:
A)Using strong and different passwords
B)Two factor authentication to your mobile phone, PIN/fingerprint unlock
C)Money spread in multiple wallets, in cold wallets and trusted online wallets
D)Always using secure computers, networks, websites, programs, VPN, HTTPS, etc.
E)Changing account recovery questions and answers to some nonsense ("what city did you grow up in?", "chicken")
This might be overkill if you have little to no money in your accounts, but it's good practice to do these things in this day and age, and definitely mandatory if you have a lot of crypto/money.