Bitcoin Forum
June 15, 2024, 03:58:23 PM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1] 2 »
1  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 20, 2023, 06:49:59 AM
Quote
Trezor and ledger don't manage your money or keys, that's you. First get a lesson what a noncustodial wallet is.
I just want to express that Hundreds of billions of dollars are managed through Ledger and Trezor hardware wallets. It's a huge temptation.

Quote
Of course there is no trust worthy of being given to any company, but in a situation where you have limited knowledge and no other options, then the decision to use it can be based on recommendations or reviews of mostly verified advanced users. There is no guarantee of absolute security in this type of wallet or multi-sig wallet, there is a definite risk especially from the user's side.

 I cannot find a particularly secure way to store Ethereum tokens. This disappoints me. If I have to trust a single company to store Ethereum tokens, I don't consider it truly decentralized. These experiences have solidified my belief in investing only in Bitcoin in the future.

Quote
Why do you get into so much trouble? There's no need to overthink it. Just use a hardware wallet that's sufficient. Hardware wallets are very secure and support several cryptocurrency chains. There's no need to worry so much that's fine. Nobody wants to take any risks everyone wants to stay secure. In my opinion, using a hardware wallet would be a better choice.

Thanks. I have many hardware wallets, like ledger and trezor.

Quote
Where everyone else is thinking about holding Bitcoin or other coins safely, your thinking is a bit different. You are thinking about holding USD instead of holding Bitcoin or other coins like everyone else. From your decision, it seems to me that maybe you don't like to take risks and are content with what you have. Whether to invest or not is entirely up to you, here we discuss how to safely store USD. First we need to select a wallet with more security (Electrum wallet, Mycelium wallet, My etherium wallet). By choosing a wallet with more security, we can easily store USDT in that wallet by making a specific account in that wallet. But we must be careful that no one can know the private or secret information of our wallet only if our USD is safe in our account.

There may be some misunderstanding, so I have re-edited the message description.Thank you.

Quote
Where everyone else is thinking about holding Bitcoin or other coins safely, your thinking is a bit different. You are thinking about holding USD instead of holding Bitcoin or other coins like everyone else. From your decision, it seems to me that maybe you don't like to take risks and are content with what you have. Whether to invest or not is entirely up to you, here we discuss how to safely store USD. First we need to select a wallet with more security (Electrum wallet, Mycelium wallet, My etherium wallet). By choosing a wallet with more security, we can easily store USDT in that wallet by making a specific account in that wallet. But we must be careful that no one can know the private or secret information of our wallet only if our USD is safe in our account.

There may be some misunderstanding, so I have re-edited the message description.Thank you.

Quote
Where everyone else is thinking about holding Bitcoin or other coins safely, your thinking is a bit different. You are thinking about holding USD instead of holding Bitcoin or other coins like everyone else. From your decision, it seems to me that maybe you don't like to take risks and are content with what you have. Whether to invest or not is entirely up to you, here we discuss how to safely store USD. First we need to select a wallet with more security (Electrum wallet, Mycelium wallet, My etherium wallet). By choosing a wallet with more security, we can easily store USDT in that wallet by making a specific account in that wallet. But we must be careful that no one can know the private or secret information of our wallet only if our USD is safe in our account.

There may be some misunderstanding, so I have re-edited the message description.Thank you.

Quote
Where everyone else is thinking about holding Bitcoin or other coins safely, your thinking is a bit different. You are thinking about holding USD instead of holding Bitcoin or other coins like everyone else. From your decision, it seems to me that maybe you don't like to take risks and are content with what you have. Whether to invest or not is entirely up to you, here we discuss how to safely store USD. First we need to select a wallet with more security (Electrum wallet, Mycelium wallet, My etherium wallet). By choosing a wallet with more security, we can easily store USDT in that wallet by making a specific account in that wallet. But we must be careful that no one can know the private or secret information of our wallet only if our USD is safe in our account.

There may be some misunderstanding, so I have re-edited the message description.Thank you.

On a cold wallet, or better in cash. And USDT itself is not a stablecoin, USDC is better, there is also decentralized DAI
\
Thanks, USDC and DAI are better.

I think the easiest and best way is to use a non custodial wallet. There are different wallets out there. Like MetaMask, BitKeep Wallet and more. These wallets are safe and can only be managed or controlled by you.

On my opinion, mainstream hardware wallets, like ledger, trezor, bitbox, keepkey, are better choices.

Quote
What am I missing here? Which part isn't and when did they implement that? Their software and firmware are fully open since the beginning from what I know. All their repositories seems public so I would assume everyone could access and review it.
I am sorry that I do not have enough knowledge.
I ask GhatGPT, and the reply is:
        However, despite the core code of Trezor being open-source, the hardware itself may contain proprietary components or chips that are not fully open. The functionality and code of these proprietary components may not be subject to public scrutiny. This means that even though the core code of Trezor is open-source, it is very difficult to completely ascertain the absence of backdoors on the hardware.

2  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 20, 2023, 03:23:14 AM
Quote
So you don't believe in companies like Trezor or Ledger while some companies is like Trezor is open source I dont think there is enough option out there.
       I prefer Trezor than ledger, because of Trezor is open-source. I trust trezor and ledger. but I don't think it's wise to trust a company completely. In China, some small banks even deliberately run away with customers' deposits. In the United States, Silicon Valley banks collapsed. You can't 100% trust any institution, any government, any company.
        BTC's multi-signatures make it technically absolutely secure. Ethereum's multi-signature, by nature, does not provide any greater security than a single hardware wallet.
3  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 20, 2023, 02:06:57 AM
I think the easiest and best way is to use a non custodial wallet. There are different wallets out there. Like MetaMask, BitKeep Wallet and more. These wallets are safe and can only be managed or controlled by you.

On my opinion, mainstream hardware wallets, like ledger, trezor, bitbox, keepkey, are better choices.
4  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 20, 2023, 02:02:48 AM
On a cold wallet, or better in cash. And USDT itself is not a stablecoin, USDC is better, there is also decentralized DAI
\
Thanks, USDC and DAI are better.
5  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 20, 2023, 01:56:36 AM
Quote
Bitcoin can be stored securely, unless multiple independent authoritative companies conspire to do harm.

What and who do you mean by multiple independent authoritative companies? can you give some examples of what you truly mean?

Option 2: Generate a mnemonic phrase through programming by myself, input it offline into a Trezor wallet, and use the Metamask software to read the Ethereum address offline. After that, store USDT and use the wallet only once.

That is truly a bad idea. What makes you think a mnemonic phrase generation that you created by yourself is better and more secure than a popular cryptocurrency wallet whose have been used and managed by a lot of people and it also proved to hold a gigantic amount of funds safely and securely? By doing that would rather increase the risk of losing funds by some means related to the process.

I have re-edited the message description, which should answer your question. thank you.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 19, 2023, 01:37:55 PM

You can store them safely unless you put your stablecoin in DAI. You'll never what could SEC's regulation would approved. There are instances that USDT was frozen in a wallet.

DAI must be the answer although decentralization in ETH network is constantly questioned. Since there possibilities of nightmares to happen just allocate certain percentage of how much to keep on exchanges and on your private wallet.

You mean DAI is safer than USDT? Thanks.
7  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 19, 2023, 01:28:50 PM

Quote
It's not as complicated as you said. I'd been storing my USDT for several years. I just keep it on my offline computer which is not connected to the internet, i connect it once i need it to send it out from that device.
I just store it on mycrypto wallet(desktop wallet) that can generate a new wallet in offline mode. The main key to store anything safe in your wallet is you must try to protect your wallet from storing it in the device that is always used to connect into the various sites.
The hackers have various ways to steal your money. I just do that and nothing happened with my money till now. It's being stored safely in my offline device.

I don't see neither are good methods to store your USDT. The key is never try to store your wallet in the device that is often in connecting to the various web3 services like defi, nft or anything else.
You store USDT offline, and once you connect to the network, you change to a new wallet? That is using a one-time Ethereum wallet, which is similar to my second solution. Using my own generated mnemonic phrase is mainly to prevent wallet companies from leaving backdoors in the random number seeds of mnemonic phrases. You can use trezor's passphrases with at least 15 characters.
8  Local / 中文 (Chinese) / 如何安全地出金USDT? on: September 19, 2023, 08:58:24 AM
      前一个帖子,我研究了半个月,最安全的存储USDT的方法,只是存在ledger和trezor硬件钱包里。没有办法实现像比特币多重签名那样的绝对放心的方案,连物理隔离+trezor硬件钱包的双层保险方案都做不到。
      考虑到USDT也不是一种特别安全的稳定币,不一定适合长期存储,不如干脆换成人民币。
      对于出金,高手应该很多!我傻傻提几个问题,抛砖引玉吧。 Smiley
      1)在中国,如果我建设银行涉黑被冻结了,其他银行的银行卡不会有事吧?
      2)如果我建设银行收到四万块钱,过几天没事,那我取出现金,存到工商银行。后面是不是就没屁事了?你也没办法证明我工行的钱来自建设银行?如果可行,那我就慢慢搬砖,一二个月,有多少钱都可以搬走。
      
      最后,币安交易所好像可以官方出金,相关网址见:https://www.binance.com/zh-CN/feed/post/1068866    有个视频,见:https://www.youtube.com/watch?v=efIlCXn4Qdo
视频上这个人通过币安官方通道出金,汇款方是汇元通。视频显示汇率1 USDT = 7.76港币,时间2023.7.26,当天美元对港币汇率1:7.81,手续费每笔26港币。博主说这个很保险,汇率看上去也可以。

      欢迎讨论,多多交流,人多力量大!
9  Local / 中文 (Chinese) / Re: 如何绝对安全地保存USDT和USDC? on: September 19, 2023, 07:13:53 AM
Quote
   
      大家都知道比特币价格是有周期的,当价格过高时,把它卖掉换成USDT,等待价格下来了,再买回比特币。问题是,如何安全存USDT,这个目前很有难度。我有以下思考和尝试,和大家探讨:
      1)使用Genosis safe软件....

经过在英文社区的探讨,以及查询AI模型,对于如何安全存储USDT?归档,结论如下:
1)Genosis safe软件的多重签名,并不能提供比单个硬件钱包,如ledger或trezor更高的安全性!
     理由:不同于比特币,以太坊多重签名基于智能合约,曾经发生过智能合约漏洞,黑客偷盗数千万美元的事件。如果Genosis safe在合约上留后门或成功被黑客攻击,客户玩玩。即它存在单点故障,不像比特币的多重签名,必须几家知名公司合作作恶,才能偷窃比特币。既然如此,我还不如单纯就只用Ledger和trezor。没有证据表明,Genosis safe公司信誉比Ledger和trezor高得多,多重签名手续费也很贵,没得必要。
2)我没有找到一款支持trezor的,离线环境下可以使用的第三方钱包。也就是说,airgapped方案也难以实施。
3) 在离线电脑上生成一次性使用的以太坊钱包,用于存储USDT,可行,但是不方便。

总体来看,以太坊网络的安全性远不如比特币。

10  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 19, 2023, 03:19:07 AM
Quote
I think Trezor is better for security since it's fully open-source which means there are thousands of outside devs that are checking and watching it.
Agreeing with the perspective that Trezor is safer, if all of Trezor's code and firmware were open source, it would be impossible for any backdoors to exist. By diversifying and using both Trezor and another similar wallet (such as BitBox), the security level increases. However, Trezor is not completely open source, which means it cannot guarantee there is no backdoors.

Quote
You're still the only one who has the seed phrase so "absolute security" depends entirely on you unless you use their feature that lets you back up for recovery purposes. I'm not knowledgeable to discuss the risks involved with that but Trezor and Ledger had been criticized when it was added.
I heard that Ledger plans to offer a service where users' private keys are split into two parts and uploaded to two different servers for separate storage. If such a service exists, I would not use Ledger anymore. It's important not to fully trust any institution, government (Especially corrupt governments, like mine.), or company.

11  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 19, 2023, 02:37:43 AM
I think you overcomplicated the vulnerability scenario. With a hardware wallet (as the main wallet) JUST for storing it should be pretty safe if you know what its purpose of such a wallet is.

A tip for interacting with smart contracts is to use another software wallet like metamask on another device with a small balance (do not connect your hardware wallet directly).

Although Ledger and Trezor are extremely secure. However, Ledger and Trezor hardware wallets manage at least hundreds of billions of dollars. How can you ensure they won't act maliciously? How to guarantee absolute security?
12  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 19, 2023, 02:28:36 AM
First of all why do you want to securely store USDT, are you gonna holding for a long period of time? If yes is there any major benefit store USDT without staking it

The secure way that I know is through Hardware Wallet like Ledger. Today Hardware wallet able to save multiple network chain so you dont need to worry about it.

In the United States, if you are not concerned about receiving illicit funds, you can directly convert BTC to USD instead of USDT, which is considered safer. In China, there are no legally operating exchanges, and converting to Chinese yuan may involve the risk of receiving illicit funds. It might be better to hold USDT, as it avoids potential involvement with illicit funds.
13  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 19, 2023, 02:19:05 AM
Quote
It's not as complicated as you said. I'd been storing my USDT for several years. I just keep it on my offline computer which is not connected to the internet, i connect it once i need it to send it out from that device.
I just store it on mycrypto wallet(desktop wallet) that can generate a new wallet in offline mode. The main key to store anything safe in your wallet is you must try to protect your wallet from storing it in the device that is always used to connect into the various sites.
The hackers have various ways to steal your money. I just do that and nothing happened with my money till now. It's being stored safely in my offline device.

I don't see neither are good methods to store your USDT. The key is never try to store your wallet in the device that is often in connecting to the various web3 services like defi, nft or anything else.

Although there have been no malicious cases of hardware wallets such as Ledger and Trezor so far. When I saw someone mention: "How can you trust a company in a distant place not to steal your money?" I still don't feel relieved. If there is a storage method on the Ethereum network that is as secure as Bitcoin's multi-signature, it will be foolproof.
14  Alternate cryptocurrencies / Altcoin Discussion / Re: May I ask, how can I securely store USDT? on: September 19, 2023, 01:59:42 AM
Quote
First of all why do you want to securely store USDT, are you gonna holding for a long period of time? If yes is there any major benefit store USDT without staking it

The secure way that I know is through Hardware Wallet like Ledger. Today Hardware wallet able to save multiple network chain so you dont need to worry about it.

I currently only hold Bitcoin, if one day the price is too high, I want to sell it and convert it to USDT. When the price is low, buy back Bitcoin. In this way, my Bitcoin will increase more and more. A single hardware wallet is not safe enough. I live in Asia, and Ledger and Trezor are in Europe. What if they themselves do evil? At least two independent well-known companies must jointly guarantee, that is safe enough. For example, Bitcoin's multi-signature, as well as airgapped wallet + trezor. I haven't found a suitable wallet that supports Trezor in an offline environment.
15  Alternate cryptocurrencies / Altcoin Discussion / May I ask, how can I securely store USDT, USDC, DAI? on: September 19, 2023, 01:06:37 AM
        For Bitcoin, multi-signature technology has undergone extensive testing and is supported by various software. Using electrum software, and both ledger and trezor hardware wallets, (or more different brand hardware wallets, like bitbox, keepkey), you can generate a multisig wallet, 2-of-2, or 3-of-5,...   Each transaction needs all signatures of different brand hardware wallets.  This is a good way to prevent individual wallet companies from doing evil. This is very very safe, and is a true decentralized solution.
        However, Unlike Bitcoin, Ethereum's multi-signature is based on smart contracts, and there have been instances of smart contract vulnerabilities where hackers have stolen tens of millions of dollars. If Genosis safe (Maybe the only software, which supports the Ethereum's multi-signature) leaves a backdoor in the contract or is successfully hacked, then the clients all die. That is, it has a single point of failure, unlike Bitcoin's multiple signatures.Moreover, there is no evidence that Genosis safe is much more reputable than Ledger and trezor. The multi-signature of Genosis safe software, then, does not provide any more security than a single hardware wallet, such as ledger or trezor!
        Another solution is that: Using trezor hardware wallet (the mnemonic word is generated myself by python, then the trezor company will never know it. This prevents a random number seed backdoor for setting mnemonics), and a third-party software in an offline environment, which provides a double-layer security protection(For BTC, the trezor never be connected to network, and the only way to reveal the mnemonic is through the two-dimensional code of trezor's signature displayed by electrum's software). However, I cannot fine a proper software, that support the trezor's signature in offline environment.
        So maybe the best choice for me is: Generate a mnemonic phrase through programming by myself, input it offline into a Trezor wallet, and use the Metamask software to read the Ethereum address offline. After that, store USDC and DAI, and use the wallet only once.

        Final question: Why do I want to store USDC, DAI, USDT? Everyone knows that the price of bitcoin has a cycle, when the price is too high, sell it for USDC and DAI, wait for the price to come down (about 1-1.5 years), and then buy back Bitcoin. A better solution would be to sell the bitcoins and exchange them for dollars or euros, or some other local currency. In my country,  cryptocurrency trading is not legal, it is easy to receive illegal  money on Binance, and bank cards will be frozen.
16  Bitcoin / Electrum / Re: Electrum Multi-Sig with Hardware Wallets - Problem on: September 19, 2023, 12:58:26 AM
Quote
This is to complicated and it has nothing to do with Electrum wallet.
One alternative for using USDT is with layer-2 Liquid Network and L-USDT token that is backed by Bitcoin and it has much lower transaction fees.
I think that supported hardware wallets are Jade (airgapped) and Ledger, and Green software wallet that should have multisig support.

Huobi, Binance, and OKEx do not support L-USDT. I cannot trade it on these platforms. Thank you. I will seek advice elsewhere regarding this issue.
17  Local / 中文 (Chinese) / Re: 【每日更新】最新欧易、币安、火必等主流虚拟币交易所地址分享 on: September 18, 2023, 11:40:15 PM
最新欧易、币安、火必等主流虚拟币交易所地址分享

https://facai.hashnode.dev/biquan

你如何能相信网页内容?建议更安全的获取方式:
      人工智能模型,百度文心一言:https://yiyan.baidu.com/      不用翻墙
       GhatGPT: https://poe.com/   这个有多种语言模型,需要一个google账户才能登录,需要翻墙。
语言模型也可能错,多问几种语言模型,互相核对。最后再检查网页SSL证书。

       我周围的中国人普遍不重视安全,挣点辛苦钱不容易,不要怕麻烦。
18  Bitcoin / Electrum / Re: Electrum Multi-Sig with Hardware Wallets - Problem on: September 18, 2023, 01:53:37 AM
Quote
Can someone please offer advice or point me in the right direction? How are others actually doing this at present?

At this point I am seriously considering forking out $1800 per year for Casa Keymaster Platinum 3-of-5 multisig. I’d prefer to not have to spend that sort of capital (forgo that many Sats), but I can’t find a reasonably simple multi-sig setup with different hardware vendors that is fully compatible without having serious security flaws at present.

I have already discussed how to securely store Bitcoin. For me, it is impossible to never use USDT.
Now, let's talk about how to securely store the Ethereum token USDT and share my thoughts with everyone here!
One feasible solution is to generate disposable Ethereum wallets. Since Bitcoin operates on a four-year cycle, using two disposable Ethereum wallets per cycle is sufficient. Here is the plan:
Utilize the Passphrase feature of Trezor, which combines a mnemonic phrase and passphrase to generate a disposable Ethereum wallet. This way, you only need to change the passphrase without altering the mnemonic phrase, which is very convenient. Yesterday, I tried two software programs, Metamask and Exodus Wallet, which support the Passphrase feature of Trezor hardware wallets and allow the generation of Ethereum addresses in an offline environment.
The passphrase should be at least 15 characters long. I have tried using an RTX 3090 graphics card to crack WinRAR passwords consisting of numbers and lowercase letters, with an 8-character password taking approximately 1 hour to crack. Considering the hardware and electricity costs, let's assume the expense is 0.1 dollar. The cost of cracking a 15-character password would be significantly higher. To be even more secure, it is recommended to use a completely random password consisting of 20 characters of numbers and letters.
19  Local / 中文 (Chinese) / Re: 如何绝对安全地保存USDT和USDC? on: September 18, 2023, 12:34:28 AM
Quote
我没有USDT和USDC所以不能给你太多意见, 我用Electrum钱包很多年了, 从来没有发生比特币被盗的问题.

重点是要把私钥和助记词保管好, 而且要小心别乱下载一些带有病毒的软件到电脑.

谢谢!
20  Local / 中文 (Chinese) / Re: Electrum 钱包有问题 on: September 17, 2023, 02:02:34 AM

Quote
这个钱包据说有很多个相似名称的钱包,历史上出过很多次事,应该在搜索引擎上能查到各种有关类似这个钱包的相似事件

我在网上查了,有2种可能:1)下载了假钱包;2)electrum钱包使用了弱密码,被黑客暴力破解。
我的养老钱都存在electrum钱包了,希望这个软件本身没作恶。

给大家推荐一下,使用AI技术查询核对官网,
         百度文心一言:https://yiyan.baidu.com/
         ChatGPT: https://poe.com/  上面有多个人工智能语言模型
仅仅是多一重核对保障,查询钱包官网时,多处核对。AI模型也经常说错,我试过了。有比没有强。免费的。
Pages: [1] 2 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!