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Author Topic: People Losing Passwords & Wallets...  (Read 4194 times)
Leonard2016
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August 14, 2016, 05:16:08 PM
 #121




When you create a wallet you receive an email to your email adress. In that mail there is a connect link to your wallet. People are so stupid that they lose even they email adress

Depends on what wallet you use, most wallets dont need e-mail address.
If you want to really have a secure wallet adress you register it with a e-mail adress or maybe a phone number . Or you simply write on a piece of paper that details for login and wallet number
[/quote]

all these things are in the category of super risky bitcoin wallets and if you are using email it means you are using a third party to generate the bitcoin wallet which will also introduce a whole lot of risk of trusting a third party.

the only solution is cold storage that is done right, all other methods have some sort of risk, some low and some higher risks.


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August 17, 2016, 02:06:23 AM
 #122


Right, but i mean to have a specific e-mail adress and phone that you are sure that you will never lose. Anyway if you have a little amount of btc in your wallet it doesnt matter this.

If you have a lot of BTC then its not very wise to tie it all to 1 e-mail address because its easier to hack the email addres than the wallet. So its very risky.

So at least use multisig with 2-3 and only 1 part should be e-mail based.

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August 26, 2016, 11:38:30 PM
 #123

So are people still losing access to their wallets? I havent been looking at reddit that much lately, but it looks to me that less people lose their money now.

Did people got more intelligent lately?

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