Could people steal your money while your staking?

[adamantasaurus]

Ok so lets take a hypothetical situation lets say your staking a wallet that is unecrypted dont run a vpn and someone wants to steal your money. Because your staking your coins on a network could someone possibly through that network somehow get to your unencrypted wallet and steal your coins? Or could someone hack into your computer and steal them as well?

[vfalla]

Hypotethically apsolutely yes. If someone has phisical access to your computer or he enteres trough network he can send them to his adress.. be safe..

[adamantasaurus]

Hypotethically apsolutely yes. If someone has phisical access to your computer or he enteres trough network he can send them to his adress.. be safe..

Hey thanks for the reply a follow up question would be What would be the best way to protect a staking wallet from thieves?

[Leass]

Hypotethically apsolutely yes. If someone has phisical access to your computer or he enteres trough network he can send them to his adress.. be safe..

Hey thanks for the reply a follow up question would be What would be the best way to protect a staking wallet from thieves?

Encrypting it, and leaving it unlocked only for staking. Only harm one can do then is:
a) Deleting Your wallet (keep back-up somewhere safe)
b) Turn Your wallet off

[Qunenin]

That is sheer paranoia. If your system is that insecure, then opening the wallet in the first place would have been enough to penetrate and grab the info. If you really fear this is going to happen, then you need to seriously beef up the security on your PC, or stop being so paranoid. The wallet files for many coins themselves are viruses, that should cook your brain. Being a little careful and intelligent is the key and let other people ruin their systems here on the forum before you grab a wallet and fire it up.

[philipma1957]

Ok so lets take a hypothetical situation lets say your staking a wallet that is unecrypted dont run a vpn and someone wants to steal your money. Because your staking your coins on a network could someone possibly through that network somehow get to your unencrypted wallet and steal your coins? Or could someone hack into your computer and steal them as well?

Unless you are one of the developers  of a POS coin  or  you are directly involved  with the coin on the inside POS  is not a good investment for you.

You simply  should not be staking coins.   The coins you earn are basically  interest  paid to you much like a bank does.

Or a government bond pays to you.

Right now  a US  savings bond I pays 1.96% a year  and is basically bullet proof

most POS pay under 12% a year  with zero  guarantees .

 Your risk of the coin failing is huge.

Or 1000 coins  worth  10 bucks each =  10,000  say you get 120 extra  for 1 year


you have 1120 coins worth 10 bucks each =  11,200 usd value  sounds good.

the coin drops 8 bucks  and  8 x 1120 = 8960 usd value not so good

The inside people of a pos coin can do that  time and time again.

[adamantasaurus]

That is sheer paranoia. If your system is that insecure, then opening the wallet in the first place would have been enough to penetrate and grab the info. If you really fear this is going to happen, then you need to seriously beef up the security on your PC, or stop being so paranoid. The wallet files for many coins themselves are viruses, that should cook your brain. Being a little careful and intelligent is the key and let other people ruin their systems here on the forum before you grab a wallet and fire it up.

Yea I wasn't being paranoid like OOO SOMEONE IS GONNA STEAL MY MONEY it was more a question just out of curiosity I didn't know and figured some other people could shed some light on it for me. I'm not really paranoid about someone stealing my money but was just curious of what COULD happen if you were a careless fool.

[Agozyen]

Ok so lets take a hypothetical situation lets say your staking a wallet that is unecrypted dont run a vpn and someone wants to steal your money. Because your staking your coins on a network could someone possibly through that network somehow get to your unencrypted wallet and steal your coins? Or could someone hack into your computer and steal them as well?

 I have a separate machine I stake on.  It is physically secure, meaning no one has access. I do not use that machine for anything other than staking.  I have anti virus on it, I don't log into websites on it or install anything on it, I keep my wallets unlocked for minting/staking only.  Keeping your wallet open for staking is fairly  safe if you have taken the previously mentiond precautions.

[adamantasaurus]

Ok so lets take a hypothetical situation lets say your staking a wallet that is unecrypted dont run a vpn and someone wants to steal your money. Because your staking your coins on a network could someone possibly through that network somehow get to your unencrypted wallet and steal your coins? Or could someone hack into your computer and steal them as well?

 I have a separate machine I stake on.  It is physically secure, meaning no one has access. I do not use that machine for anything other than staking.  I have anti virus on it, I don't log into websites on it or install anything on it, I keep my wallets unlocked for minting/staking only.  Keeping your wallet open for staking is fairly  safe if you have taken the previously mentiond precautions.

Ok yea thats what i was thinking of doing in the future just getting a computer that is used just for staking dont use wifi and no browsing i stopped watchin porn on the computer i have all my wallets on lol