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Author Topic: Problem undestanding cold wallets  (Read 2239 times)
jl2012
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April 16, 2015, 06:09:10 PM
Last edit: April 16, 2015, 06:23:22 PM by jl2012
 #21

You don't understand probably because you read some poorly written articles.

If you want cold storage forget blockchain.info wallet. Armory is the gold standard a good implementation of cold storage. Please read this before you ask further questions:

https://bitcoinarmory.com/cold-storage/

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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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CIYAM
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April 16, 2015, 06:11:23 PM
 #22

Am not sure how Armory stands with regards to using audio (I do recall them offering a bounty for that) but unless that is included in the current product then it is not the "gold standard" as it relies upon USB which could be hacked.

The CIYAM Safe (https://susestudio.com/a/kp8B3G/ciyam-safe) does not rely upon USB for txs but uses QR codes which are safer (i.e. 100% air-gapped).

Perhaps terms like "gold standard" should simply be avoided (they sound like marketing sound bytes to me anyway).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

GPG Public Key | 1ciyam3htJit1feGa26p2wQ4aw6KFTejU
jl2012
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April 16, 2015, 06:26:46 PM
 #23

Am not sure how Armory stands with regards to using audio (I do recall them offering a bounty for that) but unless that is included in the current product then it is not the "gold standard" as it relies upon USB which could be hacked.

The CIYAM Safe (https://susestudio.com/a/kp8B3G/ciyam-safe) does not rely upon USB for txs but uses QR codes which are safer (i.e. 100% air-gapped).

Perhaps terms like "gold standard" should simply be avoided (they sound like marketing sound bytes to me anyway).


ok I corrected it. I agree that the use of USB is not ideal. But Armory is still one of the best cold wallets

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April 16, 2015, 06:28:29 PM
 #24

ok I corrected it. I agree that the use of USB is not ideal. But Armory is still one of the best cold wallets

Thanks and agreed (although CIYAM Safe might be more secure it is much harder to use).

With CIYAM anyone can create 100% generated C++ web applications in literally minutes.

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