Bitcoin Forum

Bitcoin => Hardware wallets => Topic started by: John (John K.) on November 21, 2015, 09:05:31 PM



Title: How much would you trust trezor?
Post by: John (John K.) on November 21, 2015, 09:05:31 PM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.


Title: Re: How much would you trust trezor?
Post by: megatron1337 on November 21, 2015, 09:40:28 PM
i've been doing some research on that hardware wallet and the reviews and trust seems to be pretty good towards that product.
if ever i do get a good amount of BTC,i do plan on buying one. But long term,possibly something better might come out?
General consensus seems to be that the best way to completely feel safe with bitcoin is with a paper wallet though.


Title: Re: How much would you trust trezor?
Post by: Amph on November 21, 2015, 09:43:34 PM
i like to run a trap wallet on my desktop and use simply my computer, stealing that few cent of bitcoin, will immediately put me on the fence and proceed to wipe out the disk, never happened for now, so my computer is safe

for now i only trust my usb and my ssd, i don't use anything expensive like trezor, and i'm not going to use it in the future


Title: Re: How much would you trust trezor?
Post by: John (John K.) on November 21, 2015, 09:47:57 PM
i like to run a trap wallet on my desktop and use simply my computer, stealing that few cent of bitcoin, will immediately put me on the fence and proceed to wipe out the disk, never happened for now, so my computer is safe

for now i only trust my usb and my ssd, i don't use anything expensive like trezor, and i'm not going to use it in the future

What if the attacker gets to both of your trap wallet and the actual wallet itself before doing any transactions?

i've been doing some research on that hardware wallet and the reviews and trust seems to be pretty good towards that product.
if ever i do get a good amount of BTC,i do plan on buying one. But long term,possibly something better might come out?
General consensus seems to be that the best way to completely feel safe with bitcoin is with a paper wallet though.
Yeah, nothing beats a properly generated (with truly random RNG's from casino dice or something similar) paper wallet. The only problem is that for each new transaction you'll have to use a fresh paper wallet, which was what steered me towards Armory's Offline wallet system.


Title: Re: How much would you trust trezor?
Post by: samuel999 on November 21, 2015, 09:49:55 PM
I like the idea of a trezor, I just wouldn't use it since there is the risk that SatoshiLabs could somehow steal my Bitcoin with backdoors in software or hardware. I would rather roll my own and make something Trezor-like, something where I control most things in it. This would include hardware interaction and the software used on the device. Maybe a modified Raspberry Pi could work?


Title: Re: How much would you trust trezor?
Post by: mixan on November 21, 2015, 09:52:56 PM
I like the idea of a trezor, I just wouldn't use it since there is the risk that SatoshiLabs could somehow steal my Bitcoin with backdoors in software or hardware. I would rather roll my own and make something Trezor-like, something where I control most things in it. This would include hardware interaction and the software used on the device. Maybe a modified Raspberry Pi could work?
There is one that is available. I did a search for wallets and see one called the Pi wallet. From the looks of it. It looks exactly like a Raspberry Pi expect for a male usb connector sticking out of it. That could be the replacement for these hardware wallets that you are looking for and you would need to keep your coins secure, since you would have full control of configuration of this device.


Title: Re: How much would you trust trezor?
Post by: franky1 on November 21, 2015, 09:57:33 PM
in my opinion trezor is safer than keeping coins on coinbase. and slightly safer than just running bitcoin core..
but it is not 100% fool proof, and the device itself does require some trust.

afterall the device has to communicate with the trezor servers, which means:
hackers can make a clone website, replace the web browser extension or phish the data..

this can be done by a man in the middle attack where someone displays to a user that their trezor is malfunctioning and requires the user to type in their seed to reset the device.

so it is not 100% fool proof. but atleast better than current alternatives. lets hope the next gen of hardware wallets become even better


Title: Re: How much would you trust trezor?
Post by: Velkro on November 21, 2015, 09:57:36 PM
I wouldn't trust it that much to store larger sums of money.
I don't even trust myself :P not talking about some company.


Title: Re: How much would you trust trezor?
Post by: redsn0w on November 21, 2015, 10:01:15 PM
I trust a clean offline computer (that I've built with my 'hands") more then any other device like trezor.



Title: Re: How much would you trust trezor?
Post by: ajareselde on November 21, 2015, 10:04:36 PM
I have two wallets, main one that i almost never use, and a "hot" one. If i really need funds i transfer x amount to hot wallet.
Hot wallet has theoretical chance to be compromised, but real one doesn't, because it's on another HDD that's disconnected all the time and has it's own OS.
When i want to transfer coins, i disconnect all other drives , place "real one", with own OS,send coins and disconnect it again.

There's no chance in getting main HDD compromised, as it only has OS and bitcoin client on it, nothing else. ::)


Title: Re: How much would you trust trezor?
Post by: n3o111 on November 22, 2015, 12:06:28 AM
I don't trust any wallet except Bitcoin Core. I don't feel safe when I use 3rd party apps, even they claim they are safe. I'm sure your Bitcoin worth is much more than me, you might think different about security.


Title: Re: How much would you trust trezor?
Post by: CoinPro* on November 22, 2015, 03:03:33 AM
I was on the fence about it until a client of ours met up with me to sell some coins. After seeing how easy it was to use, and how much more secure it is than using a local wallet on phone, I will be purchasing a few for myself and team members.

Never used my phone to hold any significant amount of coins, because of obvious risks, so the Trezor is a good alternative to carrying around a laptop all day :P


Title: Re: How much would you trust trezor?
Post by: Cereberus on November 22, 2015, 03:41:30 AM
I would not trust in Trezor at all. It is ssd and can be defective and fail. Why trust in something with all my value of bitcoin on a hd anyways  ::)


Title: Re: How much would you trust trezor?
Post by: TibanneCat on November 22, 2015, 03:45:42 AM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.

That is a very valid concern which I also share
I also keep a significant amount of btcs in a trezor and despite feeling it should be trustworthy enough, I'll still transfer part of it to another hardware wallet once I find one I feel is as good or better than trezor

suggestions are welcome


Title: Re: How much would you trust trezor?
Post by: btckold24 on November 22, 2015, 03:50:12 AM
although trezor or the idea of it is amazing but unfortunately its like the wild west out here lol - cant trust anything 100%


Title: Re: How much would you trust trezor?
Post by: Quickseller on November 22, 2015, 06:19:33 AM
IMO all hardware wallets are much too new and untested for it to be a good idea to store large amount of bitcoin on them.

Users with a more of an advanced understanding of Bitcoin should be able to audit any address they are told to send to based on the seed, as well as any change address it will send to as part of a transaction. Although the trezor seems to be marketed more towards more novice users. (they can audit based on the seed which can be used to calculate the xpubkey).

The risk with the trezor is that it is really not known how resilient to attacks it will be in the event that an attacker were to come into physical possession of the trezor. I believe that some security researchers have been able to detect radio waves from a trezor without inputting valid credentials, which could, at least in theory, lead to the private keys the trezor is suppose to be keeping private.

Another, probably more realistic risk for most users is that (AFAIK), even with the seed, you need to use a trezor in order to spend any BTC that is stored on the trezor. This means that if their trezor were to malfunction or break, that the user would need to wait until they can purchase a new trezor, and until it arrives to be able to spend the BTC they are trusting it with, and this is assuming they make proper backups of their seed.

I would personally suggest using electrum for both your cold and hot wallets (at least for your hot wallet on your computer). It takes up very little resources, is deterministic, and has all the same features that armory has. Also you will have greater control over when your private keys will potentially be vulnerable -- if you are using full disk encryption and a strong passphrase for both the wallet file and to decrypt your harddrive, then your private keys will be minimally vulnerable while your computer is "on" and will be fully exposes for the few seconds (if that) that your private key is in ram; if you are not sure that you will be able to fully power off your computer after decrypting your wallet, then you simply should not decrypt your wallet to sign a tx. Plus I believe it is possible to calculate the private keys based on the seed in the event that you do not have access to a copy of electrum.


Title: Re: How much would you trust trezor?
Post by: smoothie on November 22, 2015, 07:08:24 AM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.

Depending upon your risk you can split the key into parts and store them separately or you can store multiple copies in different locations.

I'm very wary when it comes to hardware wallets.


Title: Re: How much would you trust trezor?
Post by: RealPhotoshoper on November 22, 2015, 07:31:38 AM
For the paranoid, they may be interested to know the conditions under which these devices are manufactured. Even though the hardware is supposed to be open-source, most of us don’t have the capacity to examine it, so we still have to trust Satoshi Labs who designed it and the manufacturer that it chooses to work with. I contacted Satoshi Labs customer support and was told that the devices were made In Czech Republic, where Satoshi Labs was based. In the email, I was told that: “All components are stored in a restricted access area watched by cameras 24/7…Only chosen employees can get into the area. The plastic casing parts are joined with an ultrasound that melts the material together so it’s impossible to replace the internals without a notable damage to it.”
make sure you believe in trezor,here http://www.forbes.com/sites/ericxlmu/2014/10/15/meet-trezor-a-bitcoin-safe-that-can-fit-into-your-pocket/


Title: Re: How much would you trust trezor?
Post by: RustyNomad on November 22, 2015, 07:34:14 AM
Another, probably more realistic risk for most users is that (AFAIK), even with the seed, you need to use a trezor in order to spend any BTC that is stored on the trezor. This means that if their trezor were to malfunction or break, that the user would need to wait until they can purchase a new trezor, and until it arrives to be able to spend the BTC they are trusting it with, and this is assuming they make proper backups of their seed.

You do not have to wait for a new Trezor, the Trezor seed can be used on Electrum to recover the wallet. So you will be able to access your wallet and move the bitcoins to an alternative wallet should you lose your Trezor.


Title: Re: How much would you trust trezor?
Post by: Quickseller on November 22, 2015, 07:36:13 AM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
https://bitcointalk.org/index.php?topic=1013586.0

Paper wallets are generally going to be less secure then an encrypted wallet. You would most likely be better off doing whatever you would do to protect your paper wallet, but omit the step that puts your private keys on paper and instead keep them encrypted on a hard drive. 


Title: Re: How much would you trust trezor?
Post by: Quickseller on November 22, 2015, 07:37:38 AM
Another, probably more realistic risk for most users is that (AFAIK), even with the seed, you need to use a trezor in order to spend any BTC that is stored on the trezor. This means that if their trezor were to malfunction or break, that the user would need to wait until they can purchase a new trezor, and until it arrives to be able to spend the BTC they are trusting it with, and this is assuming they make proper backups of their seed.

You do not have to wait for a new Trezor, the Trezor seed can be used on Electrum to recover the wallet. So you will be able to access your wallet and move the bitcoins to an alternative wallet should you lose your Trezor.
This is not true. Electrum will not calculate the private keys for you (at least as of several months ago) with the seed. It will force you to confirm any transaction via the trezor if you restore via a trezor seed


Title: Re: How much would you trust trezor?
Post by: dsattler on November 22, 2015, 07:38:11 AM
Even if I have trust in my trezor, I would never store all of my coins on it. It's better to spread your BTC over several storage methods. Use paper wallets (look at mycelium entropy's 2-of-3, that's fantastic) for bitcoins you want to keep long-term and use a mobile wallet like copay for convenient every-day spending with a small amount of BTC in it.


Title: Re: How much would you trust trezor?
Post by: Amph on November 22, 2015, 08:51:45 AM
i like to run a trap wallet on my desktop and use simply my computer, stealing that few cent of bitcoin, will immediately put me on the fence and proceed to wipe out the disk, never happened for now, so my computer is safe

for now i only trust my usb and my ssd, i don't use anything expensive like trezor, and i'm not going to use it in the future

What if the attacker gets to both of your trap wallet and the actual wallet itself before doing any transactions?

the actual wallet is a cold storage the trap wallet is a hot wallet with a very low amount, unless he know that , the wallet is a trap and i have more bitcoin hidden off line, he will steal immediately those coins


Title: Re: How much would you trust trezor?
Post by: Carlton Banks on November 22, 2015, 09:26:52 AM
I would personally suggest using electrum for both your cold and hot wallets (at least for your hot wallet on your computer). It takes up very little resources, is deterministic, and has all the same features that armory has.

One important feature Armory has that Electrum does not: transcations and/or extended public key data are kept private when using Armory, whereas using a Trezor with Electrum involves sharing your transaction history with public Electrum nodes. Those nodes are unlikely to be trying to use that information for antything, but it's better if that info is not made available to strangers in the first place.

It'd be really good for the privacy of Trezor users if:

  • Electrum devs implemented an easy to use "full node" mode
  • Armory devs integrated Trezor
  • Bitcoin Core integrated Trezor


Title: Re: How much would you trust trezor?
Post by: Mickeyb on November 22, 2015, 09:33:21 AM
I do trust it. Yes, some will say you must trust Satoshi labs but in the same way you must trust Core developers. You must trust Electrum developers, etc. In pretty much every instance, you have to trust someone to the certain degree!

OP, I know that you have reviewed the Trezor and code throughly and you haven't found any problems with it. Also, I have reviewed it the best I could with my technical knowledge and I found it trustworthy enough. I don't see then why I wouldn't use it and why I wouldn't trust it!


Title: Re: How much would you trust trezor?
Post by: Cuidler on November 22, 2015, 10:05:17 AM
If I had one I guess 10-20% of coins. After few months (and more trust) I guess up to 75% of coins. But I dont putting all my coins at one place today as well.

Anyway, I think trezor is best hardware wallet on market today - but very expensive considering you can get better tech phone for about 20 USD, so 20 USD is the price I would really consider buying the trezor...


Title: Re: How much would you trust trezor?
Post by: LiteCoinGuy on November 22, 2015, 12:13:09 PM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.

use several methods to store your coins. that is the best you can do.

maybe i would trust the trezor 10-20% of my coins  ;)


Title: Re: How much would you trust trezor?
Post by: twister on November 22, 2015, 12:46:06 PM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.

use several methods to store your coins. that is the best you can do.

maybe i would trust the trezor 10-20% of my coins  ;)

I agree, I don't have a big stash but if I did I would distribute them over several encrypted paper wallets and offline electrum wallets, with encrypted back ups of their keys on pen drives and dvds that have never been online. And write the seed somewhere smartly in a way that I could understand it. Atleast with offline printed encrypted paper wallets with several back ups I don't have to worry about getting my bitcoins stolen, just have to make sure they are safe from degradation and are proper backed up.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on November 22, 2015, 03:11:30 PM
IMO all hardware wallets are much too new and untested for it to be a good idea to store large amount of bitcoin on them.

Users with a more of an advanced understanding of Bitcoin should be able to audit any address they are told to send to based on the seed, as well as any change address it will send to as part of a transaction. Although the trezor seems to be marketed more towards more novice users. (they can audit based on the seed which can be used to calculate the xpubkey).

The risk with the trezor is that it is really not known how resilient to attacks it will be in the event that an attacker were to come into physical possession of the trezor. I believe that some security researchers have been able to detect radio waves from a trezor without inputting valid credentials, which could, at least in theory, lead to the private keys the trezor is suppose to be keeping private.

Another, probably more realistic risk for most users is that (AFAIK), even with the seed, you need to use a trezor in order to spend any BTC that is stored on the trezor. This means that if their trezor were to malfunction or break, that the user would need to wait until they can purchase a new trezor, and until it arrives to be able to spend the BTC they are trusting it with, and this is assuming they make proper backups of their seed.

I would personally suggest using electrum for both your cold and hot wallets (at least for your hot wallet on your computer). It takes up very little resources, is deterministic, and has all the same features that armory has. Also you will have greater control over when your private keys will potentially be vulnerable -- if you are using full disk encryption and a strong passphrase for both the wallet file and to decrypt your harddrive, then your private keys will be minimally vulnerable while your computer is "on" and will be fully exposes for the few seconds (if that) that your private key is in ram; if you are not sure that you will be able to fully power off your computer after decrypting your wallet, then you simply should not decrypt your wallet to sign a tx. Plus I believe it is possible to calculate the private keys based on the seed in the event that you do not have access to a copy of electrum.

You have not taken the time to research Trezor properly or you would not post nonsense. When you set up a Trezor you save your 24 word seed. If you lose your Trezor you can recreate your wallet in Electrum from the seed until you get a replacement.  Since all addresses and keys are created from the seed, you should think of the seed as your bitcoin. The device used to create your wallet from the seed is just a tool which can be replaced.

Suggesting Electrum is completely safe in normal configuration is just plain wrong. There are trojans that specialize in stealing bitcoin from wallet.dat files even encrypted with a passphrase. I have had it happen to me. A keylogger grabs your password when you type it in.

Electrum and Armory do offer cold storage which is the safe option. However you need two computers. The online computer holds your watching only wallet and the offline computer holds your private keys. Until Trezor came along this was the way we kept bitcoin safe. Trezor has been available for sale since May 2014 and has been thoroughly tested and vetted.

Take a look at the /r/Trezor subreddit if you have a concern about Trezor. Questions are answered pretty promptly by the developers.


Title: Re: How much would you trust trezor?
Post by: Sir Lagsalot on November 22, 2015, 05:19:22 PM
Just discovered the Trezor connects to the Bits of Proof server owned by Blythe Masters. I understand that the server doesn't hold the private keys but this still makes me trust Trezor less.


Title: Re: How much would you trust trezor?
Post by: ajareselde on November 22, 2015, 06:07:57 PM
i like to run a trap wallet on my desktop and use simply my computer, stealing that few cent of bitcoin, will immediately put me on the fence and proceed to wipe out the disk, never happened for now, so my computer is safe

for now i only trust my usb and my ssd, i don't use anything expensive like trezor, and i'm not going to use it in the future

What if the attacker gets to both of your trap wallet and the actual wallet itself before doing any transactions?

the actual wallet is a cold storage the trap wallet is a hot wallet with a very low amount, unless he know that , the wallet is a trap and i have more bitcoin hidden off line, he will steal immediately those coins

That's not very secure at all. I mean if you pick up wallet stealer it would be ok, but if you pick up some trojan, the owner of trojan will probably inspect all your
storage devices after finding out you are bitcoin user.. Also, it would be logical not to steal your coins right away if he sees that you send and receive coins regulary,
it would be moch more logical for him to wait until you have some sizable amount there..


Title: Re: How much would you trust trezor?
Post by: Carlton Banks on November 22, 2015, 06:47:53 PM
Just discovered the Trezor connects to the Bits of Proof server owned by Blythe Masters. I understand that the server doesn't hold the private keys but this still makes me trust Trezor less.

I've been avoiding saying this out loud for some time, for Trezor's sake. Bear in mind that Satoshi Labs run the MyTrezor.com Bits of Proof server, not Blythe Master's cryptocurrency investment vehicle
(also, Bits of Proof was still owned by the original developer when Satoshi Labs bought the BoP licence from him, so they couldn't have predicted that Tamas would sell to these graverobbers)

But you are right to point it out; anything involving Blythe Masters should be steered well clear of. Electrum + Trezor FTW ATM.


Title: Re: How much would you trust trezor?
Post by: Amph on November 22, 2015, 06:55:09 PM
i like to run a trap wallet on my desktop and use simply my computer, stealing that few cent of bitcoin, will immediately put me on the fence and proceed to wipe out the disk, never happened for now, so my computer is safe

for now i only trust my usb and my ssd, i don't use anything expensive like trezor, and i'm not going to use it in the future

What if the attacker gets to both of your trap wallet and the actual wallet itself before doing any transactions?

the actual wallet is a cold storage the trap wallet is a hot wallet with a very low amount, unless he know that , the wallet is a trap and i have more bitcoin hidden off line, he will steal immediately those coins

That's not very secure at all. I mean if you pick up wallet stealer it would be ok, but if you pick up some trojan, the owner of trojan will probably inspect all your
storage devices after finding out you are bitcoin user.. Also, it would be logical not to steal your coins right away if he sees that you send and receive coins regulary,
it would be moch more logical for him to wait until you have some sizable amount there..

then he will wait a very long time because i'm not touching my cold storage until the bitcoin price will increase drammatically, and anyway, because the value will be greater, i have planned a secure erase for the that time

therefore i should be relatively safe


Title: Re: How much would you trust trezor?
Post by: Mickeyb on November 22, 2015, 07:54:51 PM
Just discovered the Trezor connects to the Bits of Proof server owned by Blythe Masters. I understand that the server doesn't hold the private keys but this still makes me trust Trezor less.

I've been avoiding saying this out loud for some time, for Trezor's sake. Bear in mind that Satoshi Labs run the MyTrezor.com Bits of Proof server, not Blythe Master's cryptocurrency investment vehicle
(also, Bits of Proof was still owned by the original developer when Satoshi Labs bought the BoP licence from him, so they couldn't have predicted that Tamas would sell to these graverobbers)

But you are right to point it out; anything involving Blythe Masters should be steered well clear of. Electrum + Trezor FTW ATM.

Just to make sure guys, the thing that you are talking about is when we are using Trezor with mytrezor.com wallet, right?

If I am using Trezor with the Electrum than there is no problems with Blythe Masters, right?

Thanks guys for clearing this out and repeating second time, just to make sure!


Title: Re: How much would you trust trezor?
Post by: kamilosa on November 22, 2015, 08:55:50 PM
I'm a very paranoid person. I (for real) keep offline-generated BIP38 "paper" wallets (actually etched in metal, but that's besides the point) buried in the ground in the forest outside of my town. I leave my cellphone at home when I go to the burial sites so my cellphone company has no record of me being in the area. I use a FIPS 140-2 Level 3 validated hardware-encrypted thumbdrive, with an encrypted linux partition (on which I have a TrueCrypt container) to store my wallet. I only plug said thumbdrive into a dedicated device (laptop) which doesn't even have a HDD. I'm so paranoid that I actually flashed the BIOS on said laptop with openBIOS. I run Tails OS to access my secure thumbdrive, and I carry the thumbdrive with me around my neck all day (yes I even sleep with it). I'm basically a paranoid nutcase when it comes to my data -- especially my cryptocurrency. I ordered a Trezor and I´m storing most of my funds on this device. I hope that gives you an idea of how secure this is. These guys really know what they are doing and have addressed every concern I could imagine.


Title: Re: How much would you trust trezor?
Post by: kamilosa on November 22, 2015, 08:58:55 PM
Just discovered the Trezor connects to the Bits of Proof server owned by Blythe Masters. I understand that the server doesn't hold the private keys but this still makes me trust Trezor less.
Well, Trezor was on the market much earlier than Blythe stepped into the Bitcoin game. BOP was acquired by her company and what from I know, SatoshiLabs are working on new backend solution.
You do not need to rely on SatoshiLabs servers, because you can use Electrum, Multibit, Encompass wallet or Mycelium.


Title: Re: How much would you trust trezor?
Post by: Carlton Banks on November 22, 2015, 09:01:48 PM
Just discovered the Trezor connects to the Bits of Proof server owned by Blythe Masters. I understand that the server doesn't hold the private keys but this still makes me trust Trezor less.

I've been avoiding saying this out loud for some time, for Trezor's sake. Bear in mind that Satoshi Labs run the MyTrezor.com Bits of Proof server, not Blythe Master's cryptocurrency investment vehicle
(also, Bits of Proof was still owned by the original developer when Satoshi Labs bought the BoP licence from him, so they couldn't have predicted that Tamas would sell to these graverobbers)

But you are right to point it out; anything involving Blythe Masters should be steered well clear of. Electrum + Trezor FTW ATM.

Just to make sure guys, the thing that you are talking about is when we are using Trezor with mytrezor.com wallet, right?

If I am using Trezor with the Electrum than there is no problems with Blythe Masters, right?

Thanks guys for clearing this out and repeating second time, just to make sure!

There's no problems with Blythe Masters at MyTrezor.com AFAIK, but yes, Electrum definitely has zero association, however loose, with her or with any other JP Morgan cronies.


Title: Re: How much would you trust trezor?
Post by: RayBrady on November 23, 2015, 12:23:04 AM
To be completely honest, not as much as others may. The chances of them running off are extremely slim, but it's not just that. My Trezor recently crashed, and if it were not for my Recovery Seed's and an old Android phone, it's possible I could've been out a couple of coins.

The hardware does have too many problem, and mytrezor.com is shit tbh. I don't know too much about the company so I won't say too much, I trust them a fair bit.


Title: Re: How much would you trust trezor?
Post by: smoothie on November 23, 2015, 05:27:28 AM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
https://bitcointalk.org/index.php?topic=1013586.0

Paper wallets are generally going to be less secure then an encrypted wallet. You would most likely be better off doing whatever you would do to protect your paper wallet, but omit the step that puts your private keys on paper and instead keep them encrypted on a hard drive.  

You could also encrypt it and then print it out on paper or engrave it into durable metal...then lock it in a safe... you just have to remember your password to decrypt it.

Must have slipped my mind putting that into my post...

The other caveat is that if I split my private key into say 4 sections....engraved on to a durable metal (wont melt in a fire or get destroyed by weather easily etc) and put those 4 pieces of my private key in FOUR safe separate places or in 8 separate places with duplicates of each portion.

Draw back for encrypting your wallet: you forget your password

Draw back for splitting up your wallet in multiple locations: more effort and remembering where you hid each piece (if it isnt obvious).

there will be draw backs for either approach.

Of course creating the keys on an air gapped computer that never connects to a network or the internet.


Title: Re: How much would you trust trezor?
Post by: RaginglikeaBoss on November 23, 2015, 05:33:05 AM
I have two wallets, main one that i almost never use, and a "hot" one. If i really need funds i transfer x amount to hot wallet.
Hot wallet has theoretical chance to be compromised, but real one doesn't, because it's on another HDD that's disconnected all the time and has it's own OS.
When i want to transfer coins, i disconnect all other drives , place "real one", with own OS,send coins and disconnect it again.

There's no chance in getting main HDD compromised, as it only has OS and bitcoin client on it, nothing else. ::)

Stuxnet proved that wrong.


Title: Re: How much would you trust trezor?
Post by: Quickseller on November 23, 2015, 05:47:27 AM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
https://bitcointalk.org/index.php?topic=1013586.0

Paper wallets are generally going to be less secure then an encrypted wallet. You would most likely be better off doing whatever you would do to protect your paper wallet, but omit the step that puts your private keys on paper and instead keep them encrypted on a hard drive. 

You could also encrypt it and then print it out on paper or engrave it into durable metal...then lock it in a safe... you just have to remember your password to decrypt it.

Must have slipped my mind putting that into my post...

The other caveat is that if I split my private key into say 4 sections....engraved on to a durable metal (wont melt in a fire or get destroyed by weather easily etc) and put those 4 pieces of my private key in FOUR safe separate places or in 8 separate places with duplicates of each portion.

Draw back for encrypting your wallet: you forget your password

Draw back for splitting up your wallet in multiple locations: more effort and remembering where you hid each piece (if it isnt obvious).

there will be draw backs for either approach.
I would say that securing your bitcoin with that approach would have an extremely unlikely chance of allowing someone to steal your money. 

However at the end of the day, any wallet that is printed that you will use such printed version to spend is going to have additional attack vectors over using an encrypted file to store your private keys for when you plan on spending your BTC. For example if you were to have your private key encrypted and split up into four parts spread in diverse locations, then when you go to retrieve your engraved private keys then an attacker could potentially see each portion of the private key and attempt to crack the password after they follow you to each of the four locations as you retrieve your private keys. This attack would not be possible if you instead had your private keys stored on an encrypted USB drive or an encrypted hard drive, and had them stored in the same location.

The above scenario is highly unlikely, however the point is that there are additional attack vectors when using any kind of paper wallet (or otherwise "visible" wallet) verses using a wallet file that is encrypted on a hard drive/USB stick/other digital media. 


Title: Re: How much would you trust trezor?
Post by: Quickseller on November 23, 2015, 05:53:14 AM
I would personally suggest using electrum for both your cold and hot wallets (at least for your hot wallet on your computer). It takes up very little resources, is deterministic, and has all the same features that armory has.

One important feature Armory has that Electrum does not: transcations and/or extended public key data are kept private when using Armory, whereas using a Trezor with Electrum involves sharing your transaction history with public Electrum nodes. Those nodes are unlikely to be trying to use that information for antything, but it's better if that info is not made available to strangers in the first place.

It'd be really good for the privacy of Trezor users if:

  • Electrum devs implemented an easy to use "full node" mode
  • Armory devs integrated Trezor
  • Bitcoin Core integrated Trezor
You don't have to have electrum connect to electrum servers when using electrum, as you can manually calculate the BTC addresses based on the xpubkey and then check the balances of each address manually on a block explorer that you trust not to infringe on your privacy, and check the addresses separately.

You can also run your own electrum server on a VPS and have your instance of electrum only connect to your electrum server.

Other options would be to connect to an onion electrum server via tor, or only have electrum open when you are connected to a VPN, although both of these solutions would result in the electrum server still knowing all of your addresses


Title: Re: How much would you trust trezor?
Post by: smoothie on November 23, 2015, 05:58:51 AM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
https://bitcointalk.org/index.php?topic=1013586.0

Paper wallets are generally going to be less secure then an encrypted wallet. You would most likely be better off doing whatever you would do to protect your paper wallet, but omit the step that puts your private keys on paper and instead keep them encrypted on a hard drive. 

You could also encrypt it and then print it out on paper or engrave it into durable metal...then lock it in a safe... you just have to remember your password to decrypt it.

Must have slipped my mind putting that into my post...

The other caveat is that if I split my private key into say 4 sections....engraved on to a durable metal (wont melt in a fire or get destroyed by weather easily etc) and put those 4 pieces of my private key in FOUR safe separate places or in 8 separate places with duplicates of each portion.

Draw back for encrypting your wallet: you forget your password

Draw back for splitting up your wallet in multiple locations: more effort and remembering where you hid each piece (if it isnt obvious).

there will be draw backs for either approach.
I would say that securing your bitcoin with that approach would have an extremely unlikely chance of allowing someone to steal your money. 

However at the end of the day, any wallet that is printed that you will use such printed version to spend is going to have additional attack vectors over using an encrypted file to store your private keys for when you plan on spending your BTC. For example if you were to have your private key encrypted and split up into four parts spread in diverse locations, then when you go to retrieve your engraved private keys then an attacker could potentially see each portion of the private key and attempt to crack the password after they follow you to each of the four locations as you retrieve your private keys. This attack would not be possible if you instead had your private keys stored on an encrypted USB drive or an encrypted hard drive, and had them stored in the same location.

The above scenario is highly unlikely, however the point is that there are additional attack vectors when using any kind of paper wallet (or otherwise "visible" wallet) verses using a wallet file that is encrypted on a hard drive/USB stick/other digital media. 

Let's assume that it is encrypted and printed on paper/metal.

You can create a raw transaction offline and randomly select a computer to broadcast it from.

What attack vectors exist now? The random computer you used to broadcast your raw transaction to the network?

Also assume the printer the key(s) were generated on had no wifi capabilities and never connected to the internet or any other computer than the air-gapped one. Then the printer is burned with a flame thrower.  ;D


Title: Re: How much would you trust trezor?
Post by: smoothie on November 23, 2015, 06:03:09 AM
You could also add the part of splitting the encrypted text into multiple places and that just adds another layer of security but also...work  ;)


Title: Re: How much would you trust trezor?
Post by: Quickseller on November 23, 2015, 06:09:43 AM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
https://bitcointalk.org/index.php?topic=1013586.0

Paper wallets are generally going to be less secure then an encrypted wallet. You would most likely be better off doing whatever you would do to protect your paper wallet, but omit the step that puts your private keys on paper and instead keep them encrypted on a hard drive. 

You could also encrypt it and then print it out on paper or engrave it into durable metal...then lock it in a safe... you just have to remember your password to decrypt it.

Must have slipped my mind putting that into my post...

The other caveat is that if I split my private key into say 4 sections....engraved on to a durable metal (wont melt in a fire or get destroyed by weather easily etc) and put those 4 pieces of my private key in FOUR safe separate places or in 8 separate places with duplicates of each portion.

Draw back for encrypting your wallet: you forget your password

Draw back for splitting up your wallet in multiple locations: more effort and remembering where you hid each piece (if it isnt obvious).

there will be draw backs for either approach.
I would say that securing your bitcoin with that approach would have an extremely unlikely chance of allowing someone to steal your money. 

However at the end of the day, any wallet that is printed that you will use such printed version to spend is going to have additional attack vectors over using an encrypted file to store your private keys for when you plan on spending your BTC. For example if you were to have your private key encrypted and split up into four parts spread in diverse locations, then when you go to retrieve your engraved private keys then an attacker could potentially see each portion of the private key and attempt to crack the password after they follow you to each of the four locations as you retrieve your private keys. This attack would not be possible if you instead had your private keys stored on an encrypted USB drive or an encrypted hard drive, and had them stored in the same location.

The above scenario is highly unlikely, however the point is that there are additional attack vectors when using any kind of paper wallet (or otherwise "visible" wallet) verses using a wallet file that is encrypted on a hard drive/USB stick/other digital media. 

Let's assume that it is encrypted and printed on paper/metal.

You can create a raw transaction offline and randomly select a computer to broadcast it from.

What attack vectors exist now? The random computer you used to broadcast your raw transaction to the network?

Also assume the printer the key(s) were generated on had no wifi capabilities and never connected to the internet or any other computer than the air-gapped one. Then the printer is burned with a flame thrower.  ;D
The attack vector would be when you load the private key onto your offline computer, the (encrypted) private key would be temporarily exposed for someone to see. You can take precautions to protect yourself against loss from this attack, however no precaution is going to be 100% effective.

Also if you ignore the above, it would still be very expensive to be frequently destroying printers when reusing a USB stick/hard drive is going to offer the same amount of protection as a paper wallet (it will be the same if you ignore the above, however in reality it will offer greater protection).


Title: Re: How much would you trust trezor?
Post by: smoothie on November 23, 2015, 06:33:13 AM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
https://bitcointalk.org/index.php?topic=1013586.0

Paper wallets are generally going to be less secure then an encrypted wallet. You would most likely be better off doing whatever you would do to protect your paper wallet, but omit the step that puts your private keys on paper and instead keep them encrypted on a hard drive. 

You could also encrypt it and then print it out on paper or engrave it into durable metal...then lock it in a safe... you just have to remember your password to decrypt it.

Must have slipped my mind putting that into my post...

The other caveat is that if I split my private key into say 4 sections....engraved on to a durable metal (wont melt in a fire or get destroyed by weather easily etc) and put those 4 pieces of my private key in FOUR safe separate places or in 8 separate places with duplicates of each portion.

Draw back for encrypting your wallet: you forget your password

Draw back for splitting up your wallet in multiple locations: more effort and remembering where you hid each piece (if it isnt obvious).

there will be draw backs for either approach.
I would say that securing your bitcoin with that approach would have an extremely unlikely chance of allowing someone to steal your money. 

However at the end of the day, any wallet that is printed that you will use such printed version to spend is going to have additional attack vectors over using an encrypted file to store your private keys for when you plan on spending your BTC. For example if you were to have your private key encrypted and split up into four parts spread in diverse locations, then when you go to retrieve your engraved private keys then an attacker could potentially see each portion of the private key and attempt to crack the password after they follow you to each of the four locations as you retrieve your private keys. This attack would not be possible if you instead had your private keys stored on an encrypted USB drive or an encrypted hard drive, and had them stored in the same location.

The above scenario is highly unlikely, however the point is that there are additional attack vectors when using any kind of paper wallet (or otherwise "visible" wallet) verses using a wallet file that is encrypted on a hard drive/USB stick/other digital media. 

Let's assume that it is encrypted and printed on paper/metal.

You can create a raw transaction offline and randomly select a computer to broadcast it from.

What attack vectors exist now? The random computer you used to broadcast your raw transaction to the network?

Also assume the printer the key(s) were generated on had no wifi capabilities and never connected to the internet or any other computer than the air-gapped one. Then the printer is burned with a flame thrower.  ;D
The attack vector would be when you load the private key onto your offline computer, the (encrypted) private key would be temporarily exposed for someone to see. You can take precautions to protect yourself against loss from this attack, however no precaution is going to be 100% effective.

Also if you ignore the above, it would still be very expensive to be frequently destroying printers when reusing a USB stick/hard drive is going to offer the same amount of protection as a paper wallet (it will be the same if you ignore the above, however in reality it will offer greater protection).

The idea would be to generate everything you will need before you destroy the printer.

Also using a fresh install of BSD or another linux/GNU distribution on brand new hardware to create your raw transaction before broad casting...I'd say is pretty safe.


Title: Re: How much would you trust trezor?
Post by: Quickseller on November 23, 2015, 06:40:33 AM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
https://bitcointalk.org/index.php?topic=1013586.0

Paper wallets are generally going to be less secure then an encrypted wallet. You would most likely be better off doing whatever you would do to protect your paper wallet, but omit the step that puts your private keys on paper and instead keep them encrypted on a hard drive. 

You could also encrypt it and then print it out on paper or engrave it into durable metal...then lock it in a safe... you just have to remember your password to decrypt it.

Must have slipped my mind putting that into my post...

The other caveat is that if I split my private key into say 4 sections....engraved on to a durable metal (wont melt in a fire or get destroyed by weather easily etc) and put those 4 pieces of my private key in FOUR safe separate places or in 8 separate places with duplicates of each portion.

Draw back for encrypting your wallet: you forget your password

Draw back for splitting up your wallet in multiple locations: more effort and remembering where you hid each piece (if it isnt obvious).

there will be draw backs for either approach.
I would say that securing your bitcoin with that approach would have an extremely unlikely chance of allowing someone to steal your money. 

However at the end of the day, any wallet that is printed that you will use such printed version to spend is going to have additional attack vectors over using an encrypted file to store your private keys for when you plan on spending your BTC. For example if you were to have your private key encrypted and split up into four parts spread in diverse locations, then when you go to retrieve your engraved private keys then an attacker could potentially see each portion of the private key and attempt to crack the password after they follow you to each of the four locations as you retrieve your private keys. This attack would not be possible if you instead had your private keys stored on an encrypted USB drive or an encrypted hard drive, and had them stored in the same location.

The above scenario is highly unlikely, however the point is that there are additional attack vectors when using any kind of paper wallet (or otherwise "visible" wallet) verses using a wallet file that is encrypted on a hard drive/USB stick/other digital media. 

Let's assume that it is encrypted and printed on paper/metal.

You can create a raw transaction offline and randomly select a computer to broadcast it from.

What attack vectors exist now? The random computer you used to broadcast your raw transaction to the network?

Also assume the printer the key(s) were generated on had no wifi capabilities and never connected to the internet or any other computer than the air-gapped one. Then the printer is burned with a flame thrower.  ;D
The attack vector would be when you load the private key onto your offline computer, the (encrypted) private key would be temporarily exposed for someone to see. You can take precautions to protect yourself against loss from this attack, however no precaution is going to be 100% effective.

Also if you ignore the above, it would still be very expensive to be frequently destroying printers when reusing a USB stick/hard drive is going to offer the same amount of protection as a paper wallet (it will be the same if you ignore the above, however in reality it will offer greater protection).

The idea would be to generate everything you will need before you destroy the printer.

Also using a fresh install of BSD or another linux/GNU distribution on brand new hardware to create your raw transaction before broad casting...I'd say is pretty safe.
sure it is "pretty safe" and highly unlikely to have your money stolen, however your keys (or encrypted keys) would still be exposed while you load the keys onto your computer.

Also it would be expected that you need additional addresses as time progresses, so if you were to generate 10 (or however many) addresses with a printer prior to destroying it, then you eventually will need an additional printer to print the private keys to additional addresses


Title: Re: How much would you trust trezor?
Post by: yenxz on December 01, 2015, 01:34:08 PM
Trezor is the first,and also the best, we all know that rrezor have more than good design,they have a good performance.


Title: Re: How much would you trust trezor?
Post by: Jeremycoin on December 01, 2015, 01:37:23 PM
If I use(buy) it, then I should trust it. Because they're selling a hardware, not just an online service. And they're not a small company


Title: Re: How much would you trust trezor?
Post by: HeroCat on December 01, 2015, 03:33:41 PM
Trezor hardware wallet is very good from safety point of view. You can not find any other hardware wallet like this. From the other point, if something happen with electronical part - you loose your BTC  ;) 


Title: Re: How much would you trust trezor?
Post by: megatron1337 on December 01, 2015, 03:39:18 PM
Is it waterproof?  The fear of having the electronic components fail is probably it's achiles heel.


Title: Re: How much would you trust trezor?
Post by: peonminer on December 01, 2015, 03:47:51 PM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.

Depending upon your risk you can split the key into parts and store them separately or you can store multiple copies in different locations.

I'm very wary when it comes to hardware wallets.
I like this idea. Very cool. 8) Imagine in 30 years going metal detector hunting and finding someone's physical 'bitcoin bar' buried deep in the ground, with the keys engraved on it. I'd be rushing to check the balance!!

EDIT: To solve the problem you all are discussing of an open attack when you obtain said private key, develop your own personal coder and decoder. Encode your private key even futher.

Ex:

A=3P
B=eq
C=iv
D=9s
E=a4

So on and so forth. Memorize your code. ;) The only way of attack then would be to hack your brain. 8) (Which may be not far from the future.)

I realize it is near impossible for this scenario to work. Can anyone add/modify/take away from it to increase security?


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 01, 2015, 04:17:18 PM
Trezor hardware wallet is very good from safety point of view. You can not find any other hardware wallet like this. From the other point, if something happen with electronical part - you loose your BTC  ;) 

Too much emphasis is placed on the device that allows you to work with your seed. The 24 word seed is your bitcoin, consider the plastic Trezor to be disposable. Step on your Trezor, lose it, whatever, as long as you have a spare you can access your seed again right away. Don't have a spare handy? Use Electrum instead. You only lose your bitcoin if you lose your seed phrase.


Title: Re: How much would you trust trezor?
Post by: BurtW on December 05, 2015, 09:37:44 PM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.
I trust a vast majority of my BTC on my Trezor.

When Homeland Security "borrowed" all of my Bitcoins for 9 months they kept them on a Trezor.


Title: Re: How much would you trust trezor?
Post by: AtheistAKASaneBrain on December 05, 2015, 11:29:23 PM
I will never trust something that has dependance of a mechanism to work be it mechanical or digital (electronic) above a simple paper wallet wrapped in fire resistant plastic. I mean who would? just get a paper wallet with BIP38 and wrap it on sturdy type of plastic, how doesn't this beat Trezor to be honest?


Title: Re: How much would you trust trezor?
Post by: Mobius on December 05, 2015, 11:59:32 PM
I've been using a trezor for around 6 months now. As long as you keep your seed passphrase, you will be fine.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 06, 2015, 12:02:37 AM
I will never trust something that has dependance of a mechanism to work be it mechanical or digital (electronic) above a simple paper wallet wrapped in fire resistant plastic. I mean who would? just get a paper wallet with BIP38 and wrap it on sturdy type of plastic, how doesn't this beat Trezor to be honest?

People cock up paper wallets and lose their bitcoin more often than you think. See this post (https://bitcointalk.org/index.php?topic=1275573.0;topicseen) for a guy who lost 100 bitcoin stored in a paper wallet. Paper wallets are overrated. I will take a Trezor over a paper wallet any day. You seem to have a problem understanding that as long as you have the 24 word seed stored safely you can not lose bitcoin using a Trezor.


Title: Re: How much would you trust trezor?
Post by: virtualx on December 06, 2015, 12:03:38 AM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.

It could be a great Christmas gift, but I am skeptical about buying a trezor. How is it protected from hardware failure? What are the advantages over cold storage?


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 06, 2015, 12:14:08 AM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.

It could be a great Christmas gift, but I am skeptical about buying a trezor. How is it protected from hardware failure? What are the advantages over cold storage?

Trezor is cold storage. As long as you have your 24 word seed safely stored hardware failure is just an inconvenience. You just get a new one and restore from seed. If you are skeptical about Trezor you should read the owner's manual (http://doc.satoshilabs.com/trezor-user/index.html) first before buying.


Title: Re: How much would you trust trezor?
Post by: calkob on December 06, 2015, 12:22:39 AM
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
https://bitcointalk.org/index.php?topic=1013586.0

Paper wallets are generally going to be less secure then an encrypted wallet. You would most likely be better off doing whatever you would do to protect your paper wallet, but omit the step that puts your private keys on paper and instead keep them encrypted on a hard drive. 

what about an encrypted paper wallet? i think the price is a big factor also, as far as i know its what about Ł100 for a trazor.  i would rather just use paper wallets, backed up in multiple places and spend the Ł100 on more bitcoin.......


Title: Re: How much would you trust trezor?
Post by: zhyhenima on December 06, 2015, 12:30:27 AM
For the first time to participate in passing


Title: Re: How much would you trust trezor?
Post by: Mickeyb on December 06, 2015, 12:31:20 AM
I will never trust something that has dependance of a mechanism to work be it mechanical or digital (electronic) above a simple paper wallet wrapped in fire resistant plastic. I mean who would? just get a paper wallet with BIP38 and wrap it on sturdy type of plastic, how doesn't this beat Trezor to be honest?

This is OK if you will not move your coins let's say for a year, but if you must move your coins once a week for example, then your paper wallet becomes very inconvenient. This is where Trezor shines!


Title: Re: How much would you trust trezor?
Post by: 27QVUTZj8rgZP1 on December 06, 2015, 01:04:59 AM
How much would you trust trezor?
Paranoid as I am. No trust.

Nobody knows what is inside that hardware, firmware, etc... What if the maker just silently want to steal bitcoins from the masses!?

Just no. Never.


Title: Re: How much would you trust trezor?
Post by: maokoto on December 06, 2015, 01:22:31 AM
I would not trust it very much. Nor trezor, not any other thing. At this point right now, I would prefer to use bitcoins to pay my bills (mortgage etc) before accumulating too much. Maybe I would go as high as 7-10 BTC, then use to reduce debts if there is any excess to that.

Trezor may break, and whichever other method too. Most safe saving is reducing debt/recurring payments on one's life.


Title: Re: How much would you trust trezor?
Post by: tom555 on December 06, 2015, 08:05:34 AM
because trezor is the first,i trust it so much.and honestly,i love trezor design,its cool and strong.
but i not love to use hardware wallet,i will more enjoy using online wallet,its more simple and cn use in PC or smartphone without worry the device is lost.


Title: Re: How much would you trust trezor?
Post by: jacktheking on December 06, 2015, 08:59:56 AM
I would trust a wallet only if it have a large community and user. I am using Mycelium because a lot of people is using too. I would also trust Trezor since many people at Bitcointalk said that they uses Trezor. Most of them are rich people who have a lot of Bitcoin in their Trezor wallet. If anything bad happen they will definitely file a scam accusation thread. So far I have seen none from a trusted member.


Title: Re: How much would you trust trezor?
Post by: bob123 on December 06, 2015, 10:40:23 AM
Im using a ledger to store my funds in a "cold" wallet.
I dont see any risk when storing them there without daily use at all.


Title: Re: How much would you trust trezor?
Post by: Decoded on December 06, 2015, 11:05:00 AM
Id trust trezor alot. Well, if trust it relatively alot note than of trust myself, as I have a habit of getting viruses, even though 80% of my computer is run with sandboxie xD


Trezor is one of the best wallets you can have, and ask my friends who use bitcoin use trezor. Wisdom in numbers, you know?


Title: Re: How much would you trust trezor?
Post by: cellard on December 06, 2015, 05:38:48 PM
I will never trust something that has dependance of a mechanism to work be it mechanical or digital (electronic) above a simple paper wallet wrapped in fire resistant plastic. I mean who would? just get a paper wallet with BIP38 and wrap it on sturdy type of plastic, how doesn't this beat Trezor to be honest?

This is OK if you will not move your coins let's say for a year, but if you must move your coins once a week for example, then your paper wallet becomes very inconvenient. This is where Trezor shines!

Well if you get a copy of the keys and print it and have it near you on your desktop, how is it so unconvenient to use it? If you want to get funds on it or move it out of them you could always use your phone scanning the QR code. Instead of connecting Trezor in your computer you connect your phone.


Title: Re: How much would you trust trezor?
Post by: OROBTC on December 07, 2015, 04:39:24 AM
...

I trust the Trezor quite a lot, probably a bit more than the Ledger Nano.  Both work well for me.

I think that a lot is going to start happening soon in the BTC hardware wallet space.  Looking forward to it.


Title: Re: How much would you trust trezor?
Post by: kpitti on December 07, 2015, 07:54:58 AM
I do not trust trezor that much. Just because I have experience with IT HW for a long time. Everything is going to broke some day. How can I judge how good design and quality components trezor had. What testing was performed and how support will be available in the future?
I also think about security, how about any hidden "features" in the fw ... etc.


Title: Re: How much would you trust trezor?
Post by: helloeverybody on December 07, 2015, 08:24:17 AM
Id trust trezor but my problem is for the price of it I could pretty much buy another .5 btc and just use paper wallets.


Title: Re: How much would you trust trezor?
Post by: Mickeyb on December 07, 2015, 09:08:38 AM
I will never trust something that has dependance of a mechanism to work be it mechanical or digital (electronic) above a simple paper wallet wrapped in fire resistant plastic. I mean who would? just get a paper wallet with BIP38 and wrap it on sturdy type of plastic, how doesn't this beat Trezor to be honest?

This is OK if you will not move your coins let's say for a year, but if you must move your coins once a week for example, then your paper wallet becomes very inconvenient. This is where Trezor shines!

Well if you get a copy of the keys and print it and have it near you on your desktop, how is it so unconvenient to use it? If you want to get funds on it or move it out of them you could always use your phone scanning the QR code. Instead of connecting Trezor in your computer you connect your phone.


To make paper wallets 100% sure as you should, you have to create them offline on a machine that was never online. Every time you use your private keys to spend funds from them, you should assume your private keys compromised and you should proceed on creating new ones, again on the offline, malware free machine.

At least it should be done like this and this is indeed very inconvenient if done properly.


Title: Re: How much would you trust trezor?
Post by: JeWay on December 07, 2015, 09:21:14 AM
Id trust trezor but my problem is for the price of it I could pretty much buy another .5 btc and just use paper wallets.
You have to spend some money for the security of your money. lol


Title: Re: How much would you trust trezor?
Post by: shogdite on December 07, 2015, 10:03:45 AM
I can say that I do trust the Trezor wallet as I have had one holding my coin for quite some time without issue. Saying that I will never put all my eggs in one basket 'hardware wallet' and I do spread them across Ledger and Trezor and 50% in cold storage. With the time it has been out and the amount of eyes that have looked over the coding like yourself that gives me more faith. If something was to happen I would have thought it would already but who knows that is why only around 25% is kept on there and I can recover from that.


Title: Re: How much would you trust trezor?
Post by: btckold24 on December 07, 2015, 10:23:35 AM
From what I understand the trezor guys are very trustworthy. Unfortunately since bitcoin is still so
young its like the wild west so nothing would surprise me. Even if we found out they were putting
software on it that steals.


Title: Re: How much would you trust trezor?
Post by: HostSurf on December 07, 2015, 10:25:19 AM
I've heard of trezor lately, haven't heard any negative thing about it.

I might try it out if I have such an amount of bitcoins someday.


Title: Re: How much would you trust trezor?
Post by: helloeverybody on December 07, 2015, 10:32:18 AM
Id trust trezor but my problem is for the price of it I could pretty much buy another .5 btc and just use paper wallets.
You have to spend some money for the security of your money. lol

I'm not so sure,  I mean trezor is cool and all but I've never heard of anyone hacking a paper wallet. 


Title: Re: How much would you trust trezor?
Post by: LuckyYOU on December 07, 2015, 12:12:44 PM
For now I'm using
Id trust trezor but my problem is for the price of it I could pretty much buy another .5 btc and just use paper wallets.
You have to spend some money for the security of your money. lol

I'm not so sure,  I mean trezor is cool and all but I've never heard of anyone hacking a paper wallet. 

That's one of the reason that I'm sticking to my paper wallet for now. Trezor has been recommended by a friend of mine and he purchased one as well on black friday. I might try it out someday to test it for myself.


Title: Re: How much would you trust trezor?
Post by: helloeverybody on December 07, 2015, 12:27:20 PM
For now I'm using
Id trust trezor but my problem is for the price of it I could pretty much buy another .5 btc and just use paper wallets.
You have to spend some money for the security of your money. lol

I'm not so sure,  I mean trezor is cool and all but I've never heard of anyone hacking a paper wallet. 

That's one of the reason that I'm sticking to my paper wallet for now. Trezor has been recommended by a friend of mine and he purchased one as well on black friday. I might try it out someday to test it for myself.

For sure,  if they came down to a cheaper price I'd probably buy one just cause I like the way it works.


Title: Re: How much would you trust trezor?
Post by: MaxTax on December 07, 2015, 12:32:46 PM
For sure,  if they came down to a cheaper price I'd probably buy one just cause I like the way it works.

Well they got them on sale very often, keep an eye out for a Christmas sale, you might be able to get it cheaper then.

I'm thinking about getting one as well, I would really like to test this out as well


Title: Re: How much would you trust trezor?
Post by: Hashminers on December 07, 2015, 12:40:07 PM
It is pretty safe to me this trezor, but to be clear if it really safe just see the trusteed reviews from the other.
If  you are using paper wallet is fine too I think. Is just if you have a lot of bitcoin and want to just hold it you need to trust trezor.


Title: Re: How much would you trust trezor?
Post by: MaritiJames3 on December 07, 2015, 01:01:22 PM
It is pretty safe to me this trezor, but to be clear if it really safe just see the trusteed reviews from the other.
If  you are using paper wallet is fine too I think. Is just if you have a lot of bitcoin and want to just hold it you need to trust trezor.

This trezor was recommended to me as well. I'm going to use paper wallets for now though. I don't have that many bitcoins to secure btu maybe in the future I will buy one.


Title: Re: How much would you trust trezor?
Post by: azeminjo09 on December 07, 2015, 01:06:01 PM
nah, I would not trust when we talk about large sum of money, but anyway it is better to keep on paper wallet.


Title: Re: How much would you trust trezor?
Post by: randy8777 on December 07, 2015, 01:51:41 PM
for me there is no need for a hardware wallet as i can simply store my coins in a paper wallet or i can save the wallet files to usb drives. the trezor is quite expensive if you ask me.


Title: Re: How much would you trust trezor?
Post by: LuckyYOU on December 07, 2015, 02:53:04 PM
For now I'm using
Id trust trezor but my problem is for the price of it I could pretty much buy another .5 btc and just use paper wallets.
You have to spend some money for the security of your money. lol

I'm not so sure,  I mean trezor is cool and all but I've never heard of anyone hacking a paper wallet. 

That's one of the reason that I'm sticking to my paper wallet for now. Trezor has been recommended by a friend of mine and he purchased one as well on black friday. I might try it out someday to test it for myself.

For sure,  if they came down to a cheaper price I'd probably buy one just cause I like the way it works.

How cheap are you looking for? because they are having sales every time there's an holiday coming up. It was on sale on black friday. Maybe there will be a sale on Christmas as well.


Title: Re: How much would you trust trezor?
Post by: Nameless Coin on December 07, 2015, 04:15:30 PM
For now I'm using
Id trust trezor but my problem is for the price of it I could pretty much buy another .5 btc and just use paper wallets.
You have to spend some money for the security of your money. lol

I'm not so sure,  I mean trezor is cool and all but I've never heard of anyone hacking a paper wallet. 

That's one of the reason that I'm sticking to my paper wallet for now. Trezor has been recommended by a friend of mine and he purchased one as well on black friday. I might try it out someday to test it for myself.

For sure,  if they came down to a cheaper price I'd probably buy one just cause I like the way it works.

How cheap are you looking for? because they are having sales every time there's an holiday coming up. It was on sale on black friday. Maybe there will be a sale on Christmas as well.

This christmas for sure it will come deal, but I think that paper wallet is just fine too.
Only you need to be carefull that you don't lose your paper wallet.


Title: Re: How much would you trust trezor?
Post by: Denker on December 07, 2015, 04:27:14 PM
Trezor is good to go.
It's one of the best hardware wallets out there.And it has the best design imo. ;D
On the other site it's quite expensive, what many here will have mentioned I guess.
But it's also worth the price imo.Maybe with more competition and cheaper ways of manufacturing it will become a bit cheaper in the future.


Title: Re: How much would you trust trezor?
Post by: Zaun on December 07, 2015, 04:36:08 PM
Trezor is good to go.
It's one of the best hardware wallets out there.And it has the best design imo. ;D
On the other site it's quite expensive, what many here will have mentioned I guess.
But it's also worth the price imo.Maybe with more competition and cheaper ways of manufacturing it will become a bit cheaper in the future.

But is only good right if you hold your bitcoins for a long time?
Because actually you dont need trezor if you spend  bitcoins every week.


Title: Re: How much would you trust trezor?
Post by: AtheistAKASaneBrain on December 07, 2015, 04:42:09 PM
Trezor is good to go.
It's one of the best hardware wallets out there.And it has the best design imo. ;D
On the other site it's quite expensive, what many here will have mentioned I guess.
But it's also worth the price imo.Maybe with more competition and cheaper ways of manufacturing it will become a bit cheaper in the future.

But is only good right if you hold your bitcoins for a long time?
Because actually you dont need trezor if you spend  bitcoins every week.

It's still safer than having your coins in a computer that is constantly connected to the internet. A device that is constantly connected to the internet is prone to all kind of attacks. The only way to stay safe is to have this device absolutely isolated from the internet.


Title: Re: How much would you trust trezor?
Post by: helloeverybody on December 07, 2015, 04:44:53 PM


Quote
How cheap are you looking for? because they are having sales every time there's an holiday coming up. It was on sale on black friday. Maybe there will be a sale on Christmas as well.

Im talking like 30 quid or something and then maybe i would buy one.


Title: Re: How much would you trust trezor?
Post by: eternalgloom on December 07, 2015, 05:53:30 PM
After everything I've read about them, I think they could be trusted. But I still prefer to put my coins in regular cold storage.
Armory fits my needs perfectly :)


Title: Re: How much would you trust trezor?
Post by: StevenS on December 07, 2015, 09:57:45 PM
But is only good right if you hold your bitcoins for a long time?
Because actually you dont need trezor if you spend  bitcoins every week.
Use a paper wallet (locked in a safe) for bitcoins that you will be holding for a long time.

Use a Trezor, with Mycelium on your mobile device, or with Electrum on your computer, for everyday spending from wallets that would be painful to lose.

Use a software wallet to hold small amounts, for spending quickly (e.g. for coffee where you don't want to take the time to plug in your Trezor).

And speaking from experience, when you order your Trezor, don't try to save money by selecting the less expensive shipping option. This will delay the delivery by weeks!


Title: Re: How much would you trust trezor?
Post by: Rubberduckie on December 07, 2015, 10:05:41 PM
Im not bitcoin rich enough to get a trezor. It would be
like buying a $300 wallet to keep $100 in lol.  I dont think
its a bad deal at all if you were an early adopter and your
sitting on a pile of coins.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 07, 2015, 11:06:41 PM
But is only good right if you hold your bitcoins for a long time?
Because actually you dont need trezor if you spend  bitcoins every week.
Use a paper wallet (locked in a safe) for bitcoins that you will be holding for a long time.

Use a Trezor, with Mycelium on your mobile device, or with Electrum on your computer, for everyday spending from wallets that would be painful to lose.

Use a software wallet to hold small amounts, for spending quickly (e.g. for coffee where you don't want to take the time to plug in your Trezor).

And speaking from experience, when you order your Trezor, don't try to save money by selecting the less expensive shipping option. This will delay the delivery by weeks!

Theoretically there is no difference in security of your bitcoin when using a paper wallet compared to Trezor. There is however a huge difference in convenience if you need to spend bitcoin in cold storage. You should also consider that it is possible to lose bitcoin in a paper wallet by importing and spending keys incorrectly see example (https://bitcointalk.org/index.php?topic=1275573.0;topicseen).

If you need to spend from a paper wallet consult the guide (https://en.bitcoin.it/wiki/Paper_wallet) at Bitcoin Wiki to avoid a costly mistake. As long as you have the seed phrase for your Trezor stored in a safe place it is impossible to lose or have your bitcoin stolen. At the same time you can spend or receive bitcoin conveniently and safely as you wish. Your premise that it is better to use a paper wallet than Trezor for long term storage is a common urban myth and just wrong. Sorry about that.


Title: Re: How much would you trust trezor?
Post by: RealBitcoin on December 08, 2015, 02:48:30 AM
About 8/10

It's second in my review
https://bitcointalk.org/index.php?topic=1263429.0


However it's still vulnerable against social engineering and inside job based attacks so it's not hacker proof.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 08, 2015, 04:42:57 AM
About 8/10

It's second in my review
https://bitcointalk.org/index.php?topic=1263429.0


However it's still vulnerable against social engineering and inside job based attacks so it's not hacker proof.

No offense but you admitted ignorance of Trezor in your own thread:

Quote
I`m not sure how trezor works, doesnt it only contain 1 bitcoin address or can you hold multiple?

Can the attacker browse through your fake accounts until it finds the real one and demand that from you instead?

At least read the user manual (http://doc.satoshilabs.com/trezor-user/index.html) if you want to be taken seriously. Until then your opinion is not useful.


Title: Re: How much would you trust trezor?
Post by: The Sceptical Chymist on December 08, 2015, 06:03:10 AM
Being basically a tech unsavvy guy, when talk turns to security and all the ways btc can get stolen, I start to despair that it'll ever get adopted by the masses.  And I don't enjoy living life in a heightened state of paranoia.


Title: Re: How much would you trust trezor?
Post by: CoinsRoyal on December 08, 2015, 12:49:38 PM
Well with paper wallet the ink can go out with paper wallet you need to becareful with water fire and other thinks.
I have read some reviews about trezor and it is prety good.


Title: Re: How much would you trust trezor?
Post by: 27QVUTZj8rgZP1 on December 08, 2015, 01:41:14 PM
Well with paper wallet the ink can go out with paper wallet you need to becareful with water fire and other thinks.
...

I have read some reviews about trezor and it is prety good.
Try throwing it on fire, or water... And see what happens.


Title: Re: How much would you trust trezor?
Post by: LuckyYOU on December 08, 2015, 01:52:26 PM
Well with paper wallet the ink can go out with paper wallet you need to becareful with water fire and other thinks.
...

I have read some reviews about trezor and it is prety good.
Try throwing it on fire, or water... And see what happens.

You can secure it, to prevent this from happening. Make backups of your paper wallet and safe it in different places.
You could plasticize your paper wallet as well.


Title: Re: How much would you trust trezor?
Post by: Hugroll on December 08, 2015, 02:35:24 PM
I've seen alot of reviews on it for the past couple of years, and have yet to see a single negative comment about the security of trezor. although personally i wouldnt buy it because of the price. if you can afford it i definitely recommend it.


Title: Re: How much would you trust trezor?
Post by: cellard on December 08, 2015, 02:55:26 PM
Well with paper wallet the ink can go out with paper wallet you need to becareful with water fire and other thinks.
...

I have read some reviews about trezor and it is prety good.
Try throwing it on fire, or water... And see what happens.

You can secure it, to prevent this from happening. Make backups of your paper wallet and safe it in different places.
You could plasticize your paper wallet as well.

But then I would just rather use a paper wallet that spend the money a Trezor is worth for, which I could save to buy more Bitcoin. Honestly I still don't see the big necessity of it unless you are a person that is traveling the world constantly and needs mobility, if not, then a secured desktop computer and a paper wallet will do.


Title: Re: How much would you trust trezor?
Post by: Altynbekova on December 08, 2015, 02:56:38 PM
I've seen alot of reviews on it for the past couple of years, and have yet to see a single negative comment about the security of trezor. although personally i wouldnt buy it because of the price. if you can afford it i definitely recommend it.

I think the price is oke, some people buy for a leather wallet is more than 100 dollars.
With this trezor your bitcoin is protedcted, if you are holding your bitcoin for a long time beter buy this.


Title: Re: How much would you trust trezor?
Post by: Newcoins2020 on December 08, 2015, 03:02:17 PM
I've seen alot of reviews on it for the past couple of years, and have yet to see a single negative comment about the security of trezor. although personally i wouldnt buy it because of the price. if you can afford it i definitely recommend it.

Yep, same here. I might try it out once I reach the amount of bitcoins that I think are worth buying trezor for.
I haven't seen a single negative thing about it yet


Title: Re: How much would you trust trezor?
Post by: StevenS on December 08, 2015, 06:10:32 PM
The current price for a Trezor is about 0.4 BTC.
I recommend you wait until your bitcoin holdings are 10-20 times that (4-8 BTC) before you invest in a Trezor.


Title: Re: How much would you trust trezor?
Post by: USB-S on December 08, 2015, 06:14:55 PM
Since the keys are stored on the trezor device and not on the internet, you could say trezor is currently one of the safest wallets out there. I'm considering to buy one device from trezor myself in the future.
However I think that one is capable of securing their own wallets. The security risk isn't that high yet in my opinion.


Title: Re: How much would you trust trezor?
Post by: Amph on December 08, 2015, 06:32:27 PM
The current price for a Trezor is about 0.4 BTC.
I recommend you wait until your bitcoin holdings are 10-20 times that (4-8 BTC) before you invest in a Trezor.

or when the value of one bitcoin will be big enough that you can buy 1 trezor with 0.1 and store there 1btc, by your logic

still too expensive for me, i would prefer a more cheaper solution that come with the same efatures, when in the future trezor and other wallet will become a standard thing, the price will diminish


Title: Re: How much would you trust trezor?
Post by: helloeverybody on December 08, 2015, 06:42:41 PM
If bitcoin was accepted more i would probably buy one rather than holding them on my phone. but until then i will stick to paper for storage and phone for spending.


Title: Re: How much would you trust trezor?
Post by: Snorek on December 08, 2015, 06:55:06 PM
Personally I don't like hardware wallets at all. They are fancy gadgets for me now. They are advertised as your ultimate bitcoin storing device but you can pretty much achieve the same, or even better safety for free.
If you use software wallets and proper manage your passwords, machine security etc your coins will be safely enough. There is no need for Trezor unless you are like bitcoin millionaire imho.


Title: Re: How much would you trust trezor?
Post by: damiano on December 08, 2015, 07:27:45 PM
Im not bitcoin rich enough to get a trezor. It would be
like buying a $300 wallet to keep $100 in lol.  I dont think
its a bad deal at all if you were an early adopter and your
sitting on a pile of coins.

You could be said to be an early adopter being here since January 2012. Anyway It is a shame in all this time you didn't build a stack of bitcoins and be able to store some of them away on a Trezor ;)

op I have a Trezor among others and hold the most in Trezor as I feel that is the safest of the hardware wallets. I trust it enough to store a good amount of bitcoin on like yourself and has been a good choice until now! I don't have any doubts it will continue to be.

Edit: Disclaimer, I don't have a massive amount of coins but the price is small really to make your coin that bit safer. I trust them the most of all the hardware wallets and even more so as I have a trusted friend also look over the code and tell me as far as he can see all is good. Many experienced people have also had their eyes on the code etc


Title: Re: How much would you trust trezor?
Post by: ivanst776 on December 08, 2015, 07:34:43 PM
What ever you use you should trust them, like coinbase, like xapo or like ledger you should trust them a little bit to use their service, so nothing is 100% safe but you should trust them.


Title: Re: How much would you trust trezor?
Post by: OROBTC on December 08, 2015, 08:09:22 PM
...

As I mentioned above somewhere in this thread, I like the Trezor!  (I also like the Ledger Nano)

The only thing that worries me a bit about the Trezor (besides "insider hacking" problem just written above) is that the device seems plastic-y and not very sturdy looking.

Has ANYONE had a Trezor fall apart?

Mine has not, but it just seems flimsy.


Title: Re: How much would you trust trezor?
Post by: NorrisK on December 08, 2015, 08:15:19 PM
...

As I mentioned above somewhere in this thread, I like the Trezor!  (I also like the Ledger Nano)

The only thing that worries me a bit about the Trezor (besides "insider hacking" problem just written above) is that the device seems plastic-y and not very sturdy looking.

Has ANYONE had a Trezor fall apart?

Mine has not, but it just seems flimsy.

Plastic-y is not neccesarily a bad thing. It allows for cheaper production and is just as durable as a metal casing. The only thing is that it feels weak and cheap, but that shouldn't be much of a problem right?
Unless you really use it on a daily basis, than I can imagine that you want something stronger.


Title: Re: How much would you trust trezor?
Post by: Hashminers on December 08, 2015, 09:26:56 PM
Trezors are great. Even using it is childsplay. However don't go all playing stuntman with it. The device itself is strong, but it would probably not survive some water or a fall from a higher ground.


Title: Re: How much would you trust trezor?
Post by: Straux on December 08, 2015, 09:30:38 PM
Id personally trust trezor more than I trust myself. That rules out every single computer based bitcoin wallet, and coinbase... Well the turn-off is that I can't import addresses.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 08, 2015, 09:45:20 PM
The current price for a Trezor is about 0.4 BTC.
I recommend you wait until your bitcoin holdings are 10-20 times that (4-8 BTC) before you invest in a Trezor.

Your logic is flawed. No amount of bitcoin is too small to lose to malware. New users should start right with a hardware wallet and then would never have to worry about malware stealing their bitcoin. If you can not afford a Trezor the Ledger HW.1 sells for less than $20.


Title: Re: How much would you trust trezor?
Post by: vilain on December 08, 2015, 09:48:22 PM
I currently have ~2 BTC stored in a Ledger Wallet. It's cheaper than trezor and IMHO it offers the same security... what do you guys think?


Title: Re: How much would you trust trezor?
Post by: MaritiJames3 on December 08, 2015, 09:59:30 PM
Id personally trust trezor more than I trust myself. That rules out every single computer based bitcoin wallet, and coinbase... Well the turn-off is that I can't import addresses.

That part is very nasty. Not be able to use your own/previous wallets makes it not usable (for me at least). The overal reviews i read about trezor are quite good actually.
Maybe I will buy some one day, just for kicks.


Title: Re: How much would you trust trezor?
Post by: mexicantarget on December 08, 2015, 10:03:10 PM
I remember when I first bought it. Their site was down 3 hours after of putting my BTC inside. I was sweating for 10 minutes. Feeling was really bad.
Eventually, site got back up and life continued.

I love Trezor.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 08, 2015, 10:09:44 PM
I currently have ~2 BTC stored in a Ledger Wallet. It's cheaper than trezor and IMHO it offers the same security... what do you guys think?


Ledger is fine. Because of the lack of a screen you have to take care to set it up on a box you know is clean, but they sell a Starter to help with that. I use both and find myself using Trezor more often but that is personal preference.


Title: Re: How much would you trust trezor?
Post by: n3o111 on December 08, 2015, 10:11:02 PM
Id personally trust trezor more than I trust myself. That rules out every single computer based bitcoin wallet, and coinbase... Well the turn-off is that I can't import addresses.

That part is very nasty. Not be able to use your own/previous wallets makes it not usable (for me at least). The overal reviews i read about trezor are quite good actually.
Maybe I will buy some one day, just for kicks.

That's ridiculous. What kind of person trust a hardware more than himself? I never trust electronic equipments.


Title: Re: How much would you trust trezor?
Post by: HighPixelr on December 08, 2015, 10:12:38 PM
I don't think you can mess with Trezor, because it is a hardware wallet.
Its impossible to crack unless you give someone your wallet.
I don't understand how its even possible to be insecure.


Title: Re: How much would you trust trezor?
Post by: Velkro on December 08, 2015, 10:16:47 PM
I don't trust myself, how could i trust other company, even if their source code gets audited coz its open source?
It have most trust amongs hardware wallets but still...


Title: Re: How much would you trust trezor?
Post by: BillyBobZorton on December 08, 2015, 10:20:21 PM
I don't like the fact that you have to log in to some interface to get your coins out of the wallet. What happens if I don't have internet? I don't want to depend on some webpage to get my funds out.


Title: Re: How much would you trust trezor?
Post by: Mickeyb on December 08, 2015, 10:28:04 PM
...

As I mentioned above somewhere in this thread, I like the Trezor!  (I also like the Ledger Nano)

The only thing that worries me a bit about the Trezor (besides "insider hacking" problem just written above) is that the device seems plastic-y and not very sturdy looking.

Has ANYONE had a Trezor fall apart?

Mine has not, but it just seems flimsy.

It is plasticky but it is also very, very light. I am sure that even if you would throw it from few meters height, it wouldn't fall apart. I am not sure about the components inside, are they shock resistant? I wouldn't imagine so.


Title: Re: How much would you trust trezor?
Post by: NorrisK on December 08, 2015, 10:32:23 PM
Id personally trust trezor more than I trust myself. That rules out every single computer based bitcoin wallet, and coinbase... Well the turn-off is that I can't import addresses.

That part is very nasty. Not be able to use your own/previous wallets makes it not usable (for me at least). The overal reviews i read about trezor are quite good actually.
Maybe I will buy some one day, just for kicks.

That's ridiculous. What kind of person trust a hardware more than himself? I never trust electronic equipments.

The problem is that humans are predictable... You may trust yourself more than an electronic device, but when it comes to securing something, you will be much more likely to make a mistake than the electronic device.

Remember, it is not the device that installs a keylogger or vrius on your electronic device, it is you that does it.


Title: Re: How much would you trust trezor?
Post by: m4rkiz on December 08, 2015, 10:46:00 PM
I don't like the fact that you have to log in to some interface to get your coins out of the wallet. What happens if I don't have internet? I don't want to depend on some webpage to get my funds out.

well if you don't have internet connection you won't be able to send that btc anywhere anyway

you don't have to use mytrezor frontend http://doc.satoshilabs.com/trezor-apps/index.html

anyway, now i have one of those ;)

i don't trust it with whatever left from my coins in 100%, but then again i don't trust ANY storage with all my coins

paper wallet is great, but you have to have a lot of knowledge to use it safe, and there is that point that you need to move your private key to some electronic device to spend (i would like to see private key import in trezor v2)

any electronic device, including trezor can be hacked in one way or another, it can be pure firmware\software vulnerability, it can be hardware based software attack https://www.cl.cam.ac.uk/~sps32/mcu_lock.html or something else, it is just a matter of how bad someone want it hacked, how much skills and resources he has and how much your devices are exposed - there is almost always some 0day available for your OS, browser, wallet, IM, etc., and if is not there right now it will be soon enough

but with reasonable precautions you can be safe enough

what i fear most is that the initial key isn't random enough (but that is also the case with any private key generation let it be core, some offline java generators etc.) and if that kind of problem is discovered at any point in the future it allows to steal your coins no matter how far you went to protect your own copy of a key

http://imgs.xkcd.com/comics/random_number.png

other than that i trust trezor enough to have some coins there for every month use


Title: Re: How much would you trust trezor?
Post by: Carlton Banks on December 08, 2015, 11:35:32 PM
what i fear most is that the initial key isn't random enough (but that is also the case with any private key generation let it be core, some offline java generators etc.) and if that kind of problem is discovered at any point in the future it allows to steal your coins no matter how far you went to protect your own copy of a key

http://imgs.xkcd.com/comics/random_number.png

other than that i trust trezor enough to have some coins there for every month use

Trezor has the capability to use an alternative entropy source when generating the private key. Not sure whether you can literally seed it yourself (using a physical entropy source), but it can definitely take entropy from the machine/OS you're using the Trezor with.


Title: Re: How much would you trust trezor?
Post by: tl121 on December 08, 2015, 11:39:00 PM
Id personally trust trezor more than I trust myself. That rules out every single computer based bitcoin wallet, and coinbase... Well the turn-off is that I can't import addresses.

I use Trezor with Electrum.  While Electrum won't import private keys, it will sweep them. Once you've done this your funds are under the protection of your Trezor.  The only downside is that you will have to pay a small transaction fee to the miners.  Importing private keys would be a bad idea, because you would gain no protection from the Trezor hardware wallet by doing this, which is why it's impossible.  (And also why Electrum doesn't allow importing private keys.)

I view my real wallet as the piece of paper that I've locked up in a fireproof vault and that contains my seed words.  If your Trezor is destroyed you can recover your funds from the seed words.  You don't even need another Trezor as there are software wallets that can recover your funds.  (But you will need to trust the computer you use.)  $100 for a small, simple computer that you can trust sounds like a very good deal to me. Trezor wallets are very easy to use and I've tested them with Electrum and MultiBit HD and both of these programs can access my funds.



Title: Re: How much would you trust trezor?
Post by: OROBTC on December 08, 2015, 11:51:01 PM
I currently have ~2 BTC stored in a Ledger Wallet. It's cheaper than trezor and IMHO it offers the same security... what do you guys think?



Non-professional OROBTC is just about as happy with Ledger Nano as with Trezor.

Ledger is much cheaper.

The Trezor is a bit more user-friendly IMO.

*   *   *

I suspect that a lot is going to happen in the "BTC Hardware Wallet" space.  LiteCoinGuy is closely following this topic of hardware wallets.


Title: Re: How much would you trust trezor?
Post by: tl121 on December 09, 2015, 12:03:29 AM

Trezor has the capability to use an alternative entropy source when generating the private key. Not sure whether you can literally seed it yourself (using a physical entropy source), but it can definitely take entropy from the machine/OS you're using the Trezor with.

There are programs to generate seed words from physical dice rolls.  You could use these and then initialize the Trezor from the seed words.  You would need to use a trusted computer to do this however.  If you used a read only operating system and vetted software then you would be OK.

When I first got my Trezor I initialized it and wrote down my seed words.  I then sent it a tiny amount of funds.  Then I reset my Trezor to the factory settings.  Then I booted up an offline computer system and used it to recover the Trezor from the seed words.  Then, using my regular computer I connected the Trezor and verified that the funds were there.  Next, I took the piece of paper with the seed words and put it in a safe, fireproof place.  Finally, I moved the bulk of my funds to the Trezor.

The best part of Trezor is that it's secure, easy to use, and most importanly, easy to use securely. I agree with the people who suggest it makes sense if you have more than 5 to 10 bitcoins that you access more than once a year or so.

Before I got the Trezor I was highly suspicious of the physical security of bitcoins. I used Armory and off-line Electrum wallets, but it became obvious that it was just a matter of time before I committed some serious operational security breech.  Plus, it was horribly inconvenient to spend my bitcoins.

Ultimately, there will be trusted computers that can run a mixture of hostile and trusted applications and allow a single TPM chip to protect applications from each other at very low cost.  However, given the complexity of such situations and the likelihood that all large scale chip vendors and computer system manufactures are subverted by TPTB, Trezor seems like a very good deal, at least for the next few years.






Title: Re: How much would you trust trezor?
Post by: StevenS on December 09, 2015, 07:34:58 PM
I don't like the fact that you have to log in to some interface to get your coins out of the wallet. What happens if I don't have internet? I don't want to depend on some webpage to get my funds out.
I use my Trezor with Mycelium on my phone. You don't need to use the mytrezor.com web page.


Title: Re: How much would you trust trezor?
Post by: quentincole32 on December 10, 2015, 05:52:20 AM
i will not trust trezor,i dont think hardware wallet more secure than online wallet.
and also hardware wallet have possibly lost the device,and because of that,i use online wallet until now.


Title: Re: How much would you trust trezor?
Post by: Nameless Coin on December 10, 2015, 08:24:50 AM
i will not trust trezor,i dont think hardware wallet more secure than online wallet.
and also hardware wallet have possibly lost the device,and because of that,i use online wallet until now.

But do you hold your bitcoins? Or you just invest and hold some.
I have heard that the most people who use trezor, because they want to hold it for a long time and they just save it somewhere safe.
But yeah online wallet is also secure but just make other wallets and paper wallet is also good enough.


Title: Re: How much would you trust trezor?
Post by: USB-S on December 12, 2015, 02:13:00 AM
I just ordered a trezor device today, I've read that people don't like the flimsy, cheap part of it. We'll see what when it arrives. I really think that the device itself is a bit overpriced, but I'm not going for a Chinese one which might have some security issues.


Title: Re: How much would you trust trezor?
Post by: EdenHazard on December 12, 2015, 09:13:09 PM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.
honestly i really want trust trezor,but i just use online wallet,and still not interest with offline wallet.
sometime i just wonder,how much trezor user,and why they choose offline wallet like trezor.


Title: Re: How much would you trust trezor?
Post by: megatron1337 on December 13, 2015, 12:20:12 AM
I doubt the products was made to screw people over.  I think it's a great product and the company seems like it is run like a true business.


Title: Re: How much would you trust trezor?
Post by: HappyComplex on December 14, 2015, 02:07:54 PM
Does trezor re-use addresses?

Are coins stored on a trezor safe from quantum computers maybe 10 years in the future?


Title: Re: How much would you trust trezor?
Post by: NewInCryptoCurrency on December 14, 2015, 02:09:55 PM
I am kinda holding off on getting one. I have yet to see a bad review on it. All the things I read about it are all positive.
I might get one next year, we'll see how it turns out.


Title: Re: How much would you trust trezor?
Post by: Skaven on December 14, 2015, 02:11:08 PM
I just ordered a trezor device today, I've read that people don't like the flimsy, cheap part of it. We'll see what when it arrives. I really think that the device itself is a bit overpriced, but I'm not going for a Chinese one which might have some security issues.

Good luck with your trezor I think is just a good device is your planning to hold your bitcoins.
Reply back so that I can know your review about it.


Title: Re: How much would you trust trezor?
Post by: StevenS on December 14, 2015, 10:29:54 PM
Does trezor re-use addresses?
IIUC, the trezor device itself is not involved in that decision. It is up to the wallet that trezor uses, which can be mytrezor.com, Mycelium, Electrum, and maybe others. All of those wallets will not re-use address in their normal use.

Quote from: HappyComplex
Are coins stored on a trezor safe from quantum computers maybe 10 years in the future?
IIUC, trezor uses the same key generation and length as other Bitcoin implementations, so the risk of which you speak is no different.


Title: Re: How much would you trust trezor?
Post by: bitcoin revo on December 15, 2015, 01:40:18 AM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.
honestly i really want trust trezor,but i just use online wallet,and still not interest with offline wallet.
sometime i just wonder,how much trezor user,and why they choose offline wallet like trezor.

If you don't know why someone would choose an offline wallet then you need to do some reading up on bitcoin and how it works. (Perhaps it'll influence your decision on choosing an online wallet for storage of large amounts of bitcoin.)

Here's a good page about wallet securing (https://bitcoin.org/en/secure-your-wallet) that covers offline/online/web wallets - specifically here (https://bitcoin.org/en/secure-your-wallet#offline).


Title: Re: How much would you trust trezor?
Post by: Blawpaw on December 15, 2015, 02:01:52 AM
its currently one of the hardware wallet options you have currently available on the market


Title: Re: How much would you trust trezor?
Post by: HappyComplex on December 15, 2015, 03:09:18 AM
Does trezor re-use addresses?
IIUC, the trezor device itself is not involved in that decision. It is up to the wallet that trezor uses, which can be mytrezor.com, Mycelium, Electrum, and maybe others. All of those wallets will not re-use address in their normal use.

Quote from: HappyComplex
Are coins stored on a trezor safe from quantum computers maybe 10 years in the future?
IIUC, trezor uses the same key generation and length as other Bitcoin implementations, so the risk of which you speak is no different.

Okay, yes it looks like mytrezor.com does not re-use addresses.  Leftover coins are sent to a fresh address with every transaction.

I guess this means trezor is safe from quantum attacks as well.

I was reading a thread that said addresses which have never been spent from are quantum safe:

https://www.reddit.com/r/Bitcoin/comments/3wfmg2/satoshis_unmoved_coins_are_the_worlds_biggest/


Title: Re: How much would you trust trezor?
Post by: woodson on December 15, 2015, 03:31:22 AM
Never had an issue and secured with 24 word seed.  Superb service and open line communication.  Great company.


Title: Re: How much would you trust trezor?
Post by: Amph on December 15, 2015, 08:40:11 AM
I doubt the products was made to screw people over.  I think it's a great product and the company seems like it is run like a true business.

i think that they should at least reduce the price so it will not be used for a niche market only, but it can be bought by more people

maybe they should also upgrade it a bit, like making the display a bit larger and adding info on the buttons(i see they are blanks, looks dull)


Title: Re: How much would you trust trezor?
Post by: Mickeyb on December 15, 2015, 10:03:46 AM
I doubt the products was made to screw people over.  I think it's a great product and the company seems like it is run like a true business.

i think that they should at least reduce the price so it will not be used for a niche market only, but it can be bought by more people

maybe they should also upgrade it a bit, like making the display a bit larger and adding info on the buttons(i see they are blanks, looks dull)

Well aren't they reducing the price slowly? When I got it it was $129 and today it's $99!

That's a considerable decrease in price and I predict that the price will be falling as there is more competition and as they sell more and more of these devices.


Title: Re: How much would you trust trezor?
Post by: bearex on December 15, 2015, 12:07:10 PM
If i had a really big ammount of BTC, i would consider a paper wallet. It is the safest because it is isolated from the computer-world. But you should be ok with trezor, it is very secure and cant "scam" you.


Title: Re: How much would you trust trezor?
Post by: tobacco123 on December 15, 2015, 02:06:16 PM
If i had a really big ammount of BTC, i would consider a paper wallet. It is the safest because it is isolated from the computer-world. But you should be ok with trezor, it is very secure and cant "scam" you.

Totally agree with you. A properly printed and store paper wallet will do the job.
I am not sure how durable is Trezor. I have some old handphones with the LCD screen burned/melted after using for many years... How about the ones used by Trezor??? 


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 15, 2015, 02:49:55 PM
If i had a really big ammount of BTC, i would consider a paper wallet. It is the safest because it is isolated from the computer-world. But you should be ok with trezor, it is very secure and cant "scam" you.

Totally agree with you. A properly printed and store paper wallet will do the job.
I am not sure how durable is Trezor. I have some old handphones with the LCD screen burned/melted after using for many years... How about the ones used by Trezor??? 

Durability is over rated. The Trezor is sturdy enough. Buy a spare in case you trash or lose yours, all you need to do is restore from seed. Realize that the 24 word seed is your bitcoin stash, that is what you seriously protect. Consider the plastic device to be disposable. There are too many stories around about folks spending from paper wallets and losing their bitcoin. Anyone can use a Trezor and after reading the manual not cock it up. Paper wallets should be reserved for bitcoin veterans who understand the limitations.


Title: Re: How much would you trust trezor?
Post by: bitcoin-hunter on December 15, 2015, 08:00:05 PM
You can trust trezor, because they are some good reviews of it and people also said there experience and they don't have that much complain.
Is better than paper wallet when it goes to fire or whatter your bitcoin is just gone.


Title: Re: How much would you trust trezor?
Post by: erre on December 15, 2015, 08:38:41 PM
Paper is fine, and you can easily make it fire and water proof :)


Title: Re: How much would you trust trezor?
Post by: NorrisK on December 16, 2015, 04:06:20 PM
You can trust trezor, because they are some good reviews of it and people also said there experience and they don't have that much complain.
Is better than paper wallet when it goes to fire or whatter your bitcoin is just gone.

Good reviews does not mean You can trust them by definition.. The thing is, trezor Will never ever have acces to your seed or private keys for that matter and thats why It is ok to trust them.

Im seriously thinking about getting one lately, just deels better Than paper somehow. Also the security It provides with regards to protecting your private keys are sublime.


Title: Re: How much would you trust trezor?
Post by: RealBitcoin on December 16, 2015, 04:19:45 PM
The vulnerability of trezor is social engineering / potential inside job.

I`ve watched their security documentation, and it blows my mind that they download updates into the trezor device constantly. This is a huge attack vector.


Banks have faraday shielded bunker server rooms, where they keep the digital money. Trezor has a good offline security, but it mixes it with careless online patch downloads.



Yes the patches are signed by their key, but all it takes is a social engineering attack or an inside job to get hold of those and then millions of people will be exposed to bitcoin theft risk.


I might trust trezor's device, because if I buy it now, and later some error gets figured out, then I can quickly buy a new one, and if it turns out its safe then time will test it.

But if it constantly downloads updates to it, then the risk of theft is gigantic.

Sorry this is the main reason I dont use hardware wallets :)


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 16, 2015, 04:44:35 PM
The vulnerability of trezor is social engineering / potential inside job.

I`ve watched their security documentation, and it blows my mind that they download updates into the trezor device constantly. This is a huge attack vector.


Banks have faraday shielded bunker server rooms, where they keep the digital money. Trezor has a good offline security, but it mixes it with careless online patch downloads.



Yes the patches are signed by their key, but all it takes is a social engineering attack or an inside job to get hold of those and then millions of people will be exposed to bitcoin theft risk.


I might trust trezor's device, because if I buy it now, and later some error gets figured out, then I can quickly buy a new one, and if it turns out its safe then time will test it.

But if it constantly downloads updates to it, then the risk of theft is gigantic.

Sorry this is the main reason I dont use hardware wallets :)

You obviously do not own a Trezor. They have not done a firmware update in five months. The latest 1.3.4 firmware was released back in August. Anyone concerned about security of firmware updates can browse https://doc.satoshilabs.com/trezor-faq/threats.html and https://doc.satoshilabs.com/trezor-user/updatingfirmware.html


Title: Re: How much would you trust trezor?
Post by: StevenS on December 16, 2015, 11:39:21 PM
You can't do a Trezor upgrade without knowing about it, because the (current) firmware asks you on the little display and requires you to press one of the buttons to proceed. They probably will keep the interface backwards compatible, so if you're not trusting the web site, you can likely go without ever upgrading it.

Personally, I use my Trezor with Mycelium on Android, and as far as I know, it doesn't have the ability to upgrade the Trezor.

Assuming there are no back doors on the Trezor, the security is very similar to what you can achieve with a stack of paper wallets, and an off-line computer, but much more convenient. To get similar security with paper wallets, you would spend from one paper wallet, putting the change in another paper wallet, and you would have to do this with a trusted application. (Once the transaction was done, and verified, the application would not need to be trusted until the next spend.)


Title: Re: How much would you trust trezor?
Post by: Cuidler on December 21, 2015, 10:24:41 AM
If i had a really big ammount of BTC, i would consider a paper wallet. It is the safest because it is isolated from the computer-world. But you should be ok with trezor, it is very secure and cant "scam" you.

Totally agree with you. A properly printed and store paper wallet will do the job.
I am not sure how durable is Trezor. I have some old handphones with the LCD screen burned/melted after using for many years... How about the ones used by Trezor??? 

Durability is over rated. The Trezor is sturdy enough. Buy a spare in case you trash or lose yours, all you need to do is restore from seed. Realize that the 24 word seed is your bitcoin stash, that is what you seriously protect. Consider the plastic device to be disposable. There are too many stories around about folks spending from paper wallets and losing their bitcoin. Anyone can use a Trezor and after reading the manual not cock it up. Paper wallets should be reserved for bitcoin veterans who understand the limitations.


Your right spending from paper wallet is the weak point where you can loose the Bitcoins, but for those dont having stored at least few Bitcoins, Trezor is not much option because of the price. It is implemented in trezor the ability to put private key from paper wallet to make it secure to redeem old paper wallets ?


Title: Re: How much would you trust trezor?
Post by: knightkon on December 21, 2015, 12:33:07 PM
I am sorry, but I do not see the point in wasting all the money on tenzor.  It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money.  Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on December 21, 2015, 02:12:21 PM
I am sorry, but I do not see the point in wasting all the money on tenzor.  It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money.  Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

Attacks are already common. Have your bitcoin stolen by malware and you would change your mind right quick. If you can live without the screen Ledger sells the HW.1 for less than $20 shipped.


Title: Re: How much would you trust trezor?
Post by: HappyComplex on December 21, 2015, 02:55:48 PM
I am sorry, but I do not see the point in wasting all the money on tenzor.  It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money.  Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

When you say there is a cheaper way, I am skeptical.

The do-it-yourself method of securely storing and spending your coins involves hours of your time and buying a new laptop which never touches the internet.


Title: Re: How much would you trust trezor?
Post by: jt byte on December 21, 2015, 03:25:55 PM
I am sorry, but I do not see the point in wasting all the money on tenzor.  It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money.  Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

Why is it a waste of money when you will just buy in for 90 dollars that is kinda good price for this kind of gadgets.
This TREZOR is good when you are going to just hold 50 or more bitcoin. The only when is waste of money when you have less than 5 bitcoins.


Title: Re: How much would you trust trezor?
Post by: thejaytiesto on December 21, 2015, 03:36:13 PM
I am sorry, but I do not see the point in wasting all the money on tenzor.  It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money.  Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

Attacks are already common. Have your bitcoin stolen by malware and you would change your mind right quick. If you can live without the screen Ledger sells the HW.1 for less than $20 shipped.

Most people don't have enough Bitcoins to justify investing in a Trezor because they think, "I would be able to buy BTC instead of this thing".
If you know what you are doing, you shouldn't fear any hacks, just don't install anything from a pirated source which usually include malware, and even then, most alarms from keygens and cracks are false positives.


Title: Re: How much would you trust trezor?
Post by: Oscoda on December 21, 2015, 04:36:44 PM
Trezor is just fine to have if you want to hold your money.
For me I don't use trezor because I don't need it. I also don't have that many bitcoins.
Trezor is good when you have a lot and don't want to lose it for some hacker.


Title: Re: How much would you trust trezor?
Post by: USB-S on December 22, 2015, 03:57:38 PM
I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.

/forgot to add, that the I like the labeling feature as well.


Title: Re: How much would you trust trezor?
Post by: Bitcoinbro on December 22, 2015, 04:20:19 PM
I don't have one but I have yet to hear a negative thing about it. I'm kinda holding off because I'm afraid that if and when I get one, all these issues will start to come out.
If there's still no negative news about trezor I will get one mid 2016 probably.


Title: Re: How much would you trust trezor?
Post by: CoinPro* on January 14, 2016, 05:28:26 AM
I wish I had the Trezor about three months ago when I thought I lost about $10K worth of coins, sending them to a wrong address, ha! Luckily, it was a dormant wallet # I owned/forgot about, that I sent the coins to by accident. Had it not been, I would have been VERY upset with myself :P Been using for about a month now (thank you shadow  :)), and I am starting to see more benefits than I expected.

After hearing from a client how he got his coins stolen from a script/virus that automatically changed his clipboard, and he sent his coins to a scumbag, I am glad to have my trezor. There is a two-step process when sending coins which forces you to make sure all of your "i's are dotted/t's are crossed" before sending. I don't have the brain of a robot, and could possibly be distracted by a few outside influences sometimes, so its a nice option to have on the Trezor. If you are sending large amounts of coin in single transactions, the Trezor is a great option.

I see some comments with people concerned about the price. It would pay for itself the first time you could have potentially lost $100 worth of coins. Just say'n  ;)


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on January 14, 2016, 05:43:14 AM
I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.

/forgot to add, that the I like the labeling feature as well.

If you carry your Trezor with you to use with Mycelium on Android you will appreciate the light weight. Also Trezor works perfectly with Mycelium, no problems at all. I tell friends who get a Trezor to consider it disposable and buy a back up in case you lose or break it and have to restore from seed.

I got a KeepKey to compare with Trezor and it is very pretty, easy to set up, but does not have the passphrase protection that Trezor has, at least on the Chrome extension. KeepKey is supposed to work with GreenBits on Android but after trying all evening I gave up and wrote support.


Title: Re: How much would you trust trezor?
Post by: prodigy8 on January 14, 2016, 10:16:33 PM
I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.

/forgot to add, that the I like the labeling feature as well.

If you carry your Trezor with you to use with Mycelium on Android you will appreciate the light weight. Also Trezor works perfectly with Mycelium, no problems at all. I tell friends who get a Trezor to consider it disposable and buy a back up in case you lose or break it and have to restore from seed.

I got a KeepKey to compare with Trezor and it is very pretty, easy to set up, but does not have the passphrase protection that Trezor has, at least on the Chrome extension. KeepKey is supposed to work with GreenBits on Android but after trying all evening I gave up and wrote support.
Considering using Mycelium with trezor or with few other wallet seems a good idea to me as we can us it as a cold and hot wallet at the same time, i have read some review from you but i am a bit surprised about other hardware wallet like ledger nano which has not the security level like keepkey.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on January 14, 2016, 10:43:12 PM
I got my trezor wallet today and I must say, I'm quite impressed so far. You could pretty much generate as many wallets from the seeds as you like(correct me if I'm wrong). And upon spending, it automatically sends the funds to a new address. The build quality could be better, as my trezor has something loose inside it(you can hear the rattling noise, when you shake it around). Also it's really light and has a pretty plastic feel to it. But overall having a peace of mind when I sleep, knowing that my coins are safe is definitely worth BTC0.23.

/forgot to add, that the I like the labeling feature as well.

If you carry your Trezor with you to use with Mycelium on Android you will appreciate the light weight. Also Trezor works perfectly with Mycelium, no problems at all. I tell friends who get a Trezor to consider it disposable and buy a back up in case you lose or break it and have to restore from seed.

I got a KeepKey to compare with Trezor and it is very pretty, easy to set up, but does not have the passphrase protection that Trezor has, at least on the Chrome extension. KeepKey is supposed to work with GreenBits on Android but after trying all evening I gave up and wrote support.
Considering using Mycelium with trezor or with few other wallet seems a good idea to me as we can us it as a cold and hot wallet at the same time, i have read some review from you but i am a bit surprised about other hardware wallet like ledger nano which has not the security level like keepkey.

KeepKey has its own quirks as well. Currently it does not work with a wallet on Android and you can not use passphrase protection for your seed with the Chrome App. Well, using a passphrase is important to me. Should someone manage to get my Trezor seed it is worthless without the passphrase. I think the KeepKey designers are trying to keep it as user friendly as possible for new users.

It is possible to passphrase protect accounts using KeepKey but you have to use Electrum instead, and it is a bit of a chore installing the Python dependencies you need on Windows. You can check out the instructions here (https://support.keepkey.com/support/solutions/articles/6000090280-electrum-keepkey-integration-windows-7-8-10-).

In contrast to KeepKey multiple passphrase protected accounts are a snap to set up on myTrezor.com and you can use those same accounts on Mycelium on Android. The user manual for Trezor is much better than the documentation provided by KeepKey. I think they just need some time to add better user documentation to the KeepKey site.

I am still working with KeepKey to enable phone integration, there apparently is a problem with GreenAddress they are working on and I will update my hardware wallet review (https://bitcoinnewsmagazine.com/best-bitcoin-hardware-wallet-2015/) as I am able.


Title: Re: How much would you trust trezor?
Post by: Hugroll on January 14, 2016, 11:26:36 PM
in my opinion trezor is safer than keeping coins on coinbase. and slightly safer than just running bitcoin core..
but it is not 100% fool proof, and the device itself does require some trust.
i agree, trezor is better than any other wallets imo, but i think the best one is just the paper wallet plain and simple. if you worry about security with the trezor, just switch to something thatll make you feel safer.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on January 15, 2016, 12:39:48 AM
in my opinion trezor is safer than keeping coins on coinbase. and slightly safer than just running bitcoin core..
but it is not 100% fool proof, and the device itself does require some trust.
i agree, trezor is better than any other wallets imo, but i think the best one is just the paper wallet plain and simple. if you worry about security with the trezor, just switch to something thatll make you feel safer.

I have read too many stories of people losing bitcoin by using paper wallets improperly. I wrote an article about it Bitcoin Paper Wallets Are Not Safer Than Hardware Wallets (https://bitcoinnewsmagazine.com/bitcoin-paper-wallets-are-not-safer-than-hardware-wallets/). I have never heard a report of anyone using a Trezor losing bitcoin. 


Title: Re: How much would you trust trezor?
Post by: estenity on May 13, 2017, 07:04:36 AM
in my opinion trezor is safer than keeping coins on coinbase. and slightly safer than just running bitcoin core..
but it is not 100% fool proof, and the device itself does require some trust.
i agree, trezor is better than any other wallets imo, but i think the best one is just the paper wallet plain and simple. if you worry about security with the trezor, just switch to something thatll make you feel safer.

I have read too many stories of people losing bitcoin by using paper wallets improperly. I wrote an article about it Bitcoin Paper Wallets Are Not Safer Than Hardware Wallets (https://bitcoinnewsmagazine.com/bitcoin-paper-wallets-are-not-safer-than-hardware-wallets/). I have never heard a report of anyone using a Trezor losing bitcoin. 

what are presently the supported currencies ?


Title: Re: How much would you trust trezor?
Post by: Gens09 on May 13, 2017, 07:18:20 AM
Trezor is a better hardware wallet than I thought so far it doing so good and no problem in the service and transaction issues.I guess it is more safer than the other hardware wallet in the market.


Title: Re: How much would you trust trezor?
Post by: stripykitteh on May 13, 2017, 02:11:13 PM
Trezor is a better hardware wallet than I thought so far it doing so good and no problem in the service and transaction issues.I guess it is more safer than the other hardware wallet in the market.
I wouldn't trust Trezor or any hardware wallet with storing any amount of Bitcoin because fancy things usually end up badly. I just could hold onto more Bitcoin if I actually go to a website and just download a Bitcoin client and store Bitcoins on it. A regular Paper Wallet could also get the task done if the money needed to get stored for a longer period of time, trying to use a hardware wallet is just for rich folks.


Title: Re: How much would you trust trezor?
Post by: Labumi on May 13, 2017, 02:18:07 PM
I am sorry, but I do not see the point in wasting all the money on tenzor.  It is secure and i agree with the reviews here, but there is a cheaper way that is just as secure as wasting all this money.  Maybe down the line where the attacks on Bitcoin are more common and there are new methods of stealing it, trezor may be worth the investment, but not a this time.

Attacks are already common. Have your bitcoin stolen by malware and you would change your mind right quick. If you can live without the screen Ledger sells the HW.1 for less than $20 shipped.

Generally indeed many among those who use the bitcoin get things less fun when storing bitcoin, or one might say they steal in bitcoin by people. Indeed it could not be at the stop, unless indeed we are more careful in doing something. This is a technology, surely every journey there there is always a sad thing, if you want to get an advantage then be someone who may well see something or everything will fall apart
 


Title: Re: How much would you trust trezor?
Post by: BurtW on May 13, 2017, 02:44:00 PM
Generally indeed many among those who use the bitcoin get things less fun when storing bitcoin, or one might say they steal in bitcoin by people. Indeed it could not be at the stop, unless indeed we are more careful in doing something. This is a technology, surely every journey there there is always a sad thing, if you want to get an advantage then be someone who may well see something or everything will fall apart
 
Fuck you, you piece of shit signature spammer.

I hope you paid a huge amount for your high level account(s) and that this and all your other accounts you purchased just to spew this totally meaningless crap get perm banned. 

YOU, yes you personally, are the reason this forum is becoming tedious and worthless.


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on May 13, 2017, 04:22:46 PM
in my opinion trezor is safer than keeping coins on coinbase. and slightly safer than just running bitcoin core..
but it is not 100% fool proof, and the device itself does require some trust.
i agree, trezor is better than any other wallets imo, but i think the best one is just the paper wallet plain and simple. if you worry about security with the trezor, just switch to something thatll make you feel safer.

I have read too many stories of people losing bitcoin by using paper wallets improperly. I wrote an article about it Bitcoin Paper Wallets Are Not Safer Than Hardware Wallets (https://bitcoinnewsmagazine.com/bitcoin-paper-wallets-are-not-safer-than-hardware-wallets/). I have never heard a report of anyone using a Trezor losing bitcoin. 

what are presently the supported currencies ?

For Trezor: through wallet.trezor.io are Bitcoin, Dash and Zcash (t addresses only). Litecoin through Electrum-LTC and Ether/ETC through MyEtherWallet.

For Ledger Nano S: native support for Bitcoin, Litecoin, ETC/ETH, Dogecoin, Zcash (t addresses only), Dash, and Stratis. Monero and Ripple are on their roadmap but not implemented yet.


Title: Re: How much would you trust trezor?
Post by: charlescoin on May 13, 2017, 04:24:11 PM
Generally indeed many among those who use the bitcoin get things less fun when storing bitcoin, or one might say they steal in bitcoin by people. Indeed it could not be at the stop, unless indeed we are more careful in doing something. This is a technology, surely every journey there there is always a sad thing, if you want to get an advantage then be someone who may well see something or everything will fall apart
 
Fuck you, you piece of shit signature spammer.

I hope you paid a huge amount for your high level account(s) and that this and all your other accounts you purchased just to spew this totally meaningless crap get perm banned. 

YOU, yes you personally, are the reason this forum is becoming tedious and worthless.

Well his English isn't even good so he won't last long in his campaign, the best way to go imo is to pm his campaign manager then he will get warned/booted.


Title: Re: How much would you trust trezor?
Post by: estenity on May 13, 2017, 04:48:18 PM
in my opinion trezor is safer than keeping coins on coinbase. and slightly safer than just running bitcoin core..
but it is not 100% fool proof, and the device itself does require some trust.
i agree, trezor is better than any other wallets imo, but i think the best one is just the paper wallet plain and simple. if you worry about security with the trezor, just switch to something thatll make you feel safer.

I have read too many stories of people losing bitcoin by using paper wallets improperly. I wrote an article about it Bitcoin Paper Wallets Are Not Safer Than Hardware Wallets (https://bitcoinnewsmagazine.com/bitcoin-paper-wallets-are-not-safer-than-hardware-wallets/). I have never heard a report of anyone using a Trezor losing bitcoin. 

what are presently the supported currencies ?

For Trezor: through wallet.trezor.io are Bitcoin, Dash and Zcash (t addresses only). Litecoin through Electrum-LTC and Ether/ETC through MyEtherWallet.

For Ledger Nano S: native support for Bitcoin, Litecoin, ETC/ETH, Dogecoin, Zcash (t addresses only), Dash, and Stratis. Monero and Ripple are on their roadmap but not implemented yet.

thank you so much, i think there is a project with waves ?


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on May 13, 2017, 05:07:37 PM
WAVES support is not on the roadmap for any hardware wallet at the moment AFAIK


Title: Re: How much would you trust trezor?
Post by: Dramaticon on March 20, 2018, 04:52:55 PM
just sayin.. :)

Breaking the Ledger Crypto Wallet Security Model - https://saleemrashid.com/2018/03/20/breaking-ledger-security-model/


Title: Re: How much would you trust trezor?
Post by: BitcoinNewsMagazine on March 20, 2018, 05:03:24 PM
just sayin.. :)

Breaking the Ledger Crypto Wallet Security Model - https://saleemrashid.com/2018/03/20/breaking-ledger-security-model/

If you don't feel Trezor (or Nano S) is secure you can always go back to how we did cold storage BT (before Trezor:) using Bitcoin Armory (https://www.bitcoinarmory.com/tutorials/armory-advanced-features/offline-wallets/offline-wallet/) with two computers. Your signing wallet is on the offline computer that can never connect to the internet.


Title: Re: How much would you trust trezor?
Post by: qtronix on March 20, 2018, 09:03:36 PM
I met on it only positive reviews and chose this bag on storage, I bought it, but I am confused by the fact that it is necessary to prepare the extension to the browser. So while I don't use it.


Title: Re: How much would you trust trezor?
Post by: cryptoalfs76 on March 20, 2018, 09:35:04 PM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.


Definetly ,i never been knowing about the advantage of  this trezor wallet when its compared to using the free wallet only like MEW, but according  to my own research and understanding that  this kind  of wallet,is the best wallet  to used an anti hacking system wallet,because you put all your coins in this trezor and can generate there own personal  secured key just like ledger Nano,but there in your experience bro,maybe theres a factory defect when you brought  that item,so why try to return that in the store that you buy,so that it will replace with a new.


Title: Re: How much would you trust trezor?
Post by: BurtW on March 20, 2018, 10:20:06 PM
... you put all your coins in this trezor and can generate there own personal  secured key just like ledger Nano

Not exactly since the Nano is broken and the Trezor is not:

https://saleemrashid.com/2018/03/20/breaking-ledger-security-model/


Title: Re: How much would you trust trezor?
Post by: MintDiceSupport on March 20, 2018, 11:14:10 PM
Trezor definitely lives up to its hype. It has a key logger protection where instead of typing in the PIN, you have to click on an obscured numerical pad displayed in the browser. An attacker with complete remote access to the desktop, would not even be able to determine the numbers, as they are displayed only on the Trezor device. Pretty secure!  ;)


Title: Re: How much would you trust trezor?
Post by: javainn on March 20, 2018, 11:37:29 PM
I really trust the trezzor for a good wallet and save a lot of assets, because after all the trezzor can be relied upon for storage and safe because it has never heard of a hacked wallet trezzor.


Title: Re: How much would you trust trezor?
Post by: ross09 on March 20, 2018, 11:44:55 PM
Well for me I dont really know about trezon and honestly I just know NOW that theres such device to protect your any  transaction in bitcoin. Well if I am given a chance to have that kind of device (since I am not investing yet here so I don't really need it.) I can say that I'll trust it 99.9% because it keeps your coin safe from any fail transaction when you send it to someone or somewhere . especially to those who invest more in bitcoin we all need it since that number one (1) reason why people do nor trust bitcoin is because of the safety issue well TREZOR is the answer to that issue..we can make bitcoin safe through it. and according to one (1) article
 (https://doc.satoshilabs.com/trezor-faq/overview.html)
you are going to make an PIN code to your trezor so that if this device is stolen by someone they can not use your device to steal your money  easily since that  theres a need of PIN before you open it.


Title: Re: How much would you trust trezor?
Post by: Cryptogid on March 23, 2018, 07:50:11 PM
I would trust trezor up-to 70percent,its hype it's actually real based on the safety of the wallet,i will recommend Trezor to any body and be relaxed..