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twolifeinexile (OP)
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February 28, 2013, 03:50:48 PM
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Hot wallet, especially wallet that communicate and broadcast, will have to be have zero-security bugs to be really secure. A bug that could have let a hacker control code execution will simply read the memory when the private key is used to sign message. And almost all security related apps/features need security update constantly - All operating systems do, especially those C programmed code that have the powerful tool of memory manipulation.
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February 28, 2013, 03:55:37 PM
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Yes. That is why I do not issue tokens reprsenting any "hot wallet" coins, only "cold wallet" coins.

In effect I operate two separate operations, one that issues tokens representing coins in a cold wallet, another that buy and sells such tokens.

Basically it amounts to maintaining a higher than 100% reserve.

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