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Title: [2014-07-29] How Safe Is Your Bitcoin Wallet From A Cyber-Attack? Post by: erono on July 29, 2014, 01:56:10 AM http://www.forbes.com/sites/sungardas/2014/07/28/how-safe-is-your-bitcoin-wallet-from-a-cyber-attack/
Bitcoin is a type of digital currency established in 2009 as an inexpensive payment method that can be used to buy merchandise and make transactions online. Although bitcoins are unregulated and not associated with any central bank, there are millions of bitcoin users across the world. As more merchants accept them from travel sites like Expedia to sport teams such as the Sacramento Kings, bitcoins are primed to enter the mainstream. If you have not heard about Bitcoin, perhaps you should. Title: Re: [2014-07-29] How Safe Is Your Bitcoin Wallet From A Cyber-Attack? Post by: Swordsoffreedom on July 29, 2014, 02:52:56 AM “Bitgo does not hold a customer’s bitcoins,” a concept unlike many of the other popular exchanges or wallets that pool user funds. Bitgo holds one of the user’s three keys and acts as a co-signer, never accessing the user’s holdings. As well, an attack on Bitgo will not result in lost bitcoins. If Bitgo is ever unavailable, says O’Brien, “the backup key is used to move a user’s bitcoins to a new wallet without logging into Bitgo.”
<Might work if its 2/3 sig and the hacker has 1/3> That said it does seem like it would be a good way to prevent a cyber attack |