HW Wallets & SW Wallets are a Scam - They & Exchanges are Main Theft Vector

[ranochigo]

Throw the dice 32 pairs, right down the sequence of digits,  has far more entropy, than a deterministic random number with a known seed; A generated random-number, can always be determined by those who wrote the software, they knew the seed, they can generate all possible outcomes, and then later check the generated-keys for balance.

With dice, nobody can ever guess or know what I rolled.

32 pairs of dice rolls provides 165bits of entropy, OK fair enough. That assumes the user throws the dice in a manner that negates any possible bias from the design of the dice or the way the user selects the number of throws it.

Most of the desktop wallets either sources the entropy from dev/urandom or OpenSSL. There is no pre-determined seeds from either of those sources as it gathers entropy on the go. If you do not trust the entropy generated by your kernel, then you shouldn't trust the device that you're using.

[varfast]

The given replies are more than enough to convince the newcomers that you can't really trust no one. If the project is closed-source, you have to trust the developers. If it's open-source, along with your coding skills, you have to trust that the developers haven't hidden anything malicious. Besides that, you have to trust your operating system, whether if it's open or closed-source for the reasons above AND the programs you've installed. You also have to trust that the people from the place or the factory you bought your computer didn't have any intends to weaken your RNG.

But, I'd like to focus on the title of this thread:

Re: HW Wallets & SW Wallets are a Scam - They & Exchanges are Main Theft Vector

How can you state that SW and HW are scams, if you haven't proved that they, indeed, steal people's money? I do get your paranoia, but just like you can't know if they will steal your money, you can't prove the opposite. So saying that they're “scams” is rather misinforming. As said above, you can't really trust no one, but you can reduce the people you'll have to trust. Is it the same to trust the developers of the application, the programs of your computer, your operating system and your RNG strength compared with *just* your coding skills? Knowing that the software/firmware is open-source is a strong letter of guarantee.

Do you trust less on a bank?

It's been proven that most hw&sw wallets and exchanges are run by scammers.

Got any proof or just your "sources"??

[Pmalek]

@btc-room101
You are welcome to back up your claims with some proof, but based on your post history and trust ratings on Bitcointalk, you wont and you can't. Trusting any service blindly isn't recommended and I don't think there is anyone who wouldn't agree with you on that. But baseless claims like the ones you are bringing to the table have no value.

You should stop posting multiple posts in a row and reply to the users you want to reply to in just one post. Use the "Insert Quote" button for that. 

[BlackHatCoiner]

It's been proven that most hw&sw wallets and exchanges are run by scammers.

Would you like to get these answers? Would you really want to respond you that same way? If you're trying to convince someone, at least, provide some arguments. So, from the whole post I wrote you, you answered that the majority of HW & SW wallets are created by scammers. Not a surprise you aren't taken seriously from this community.

As for the wallets, I highly disagree if we're talking about the open-source ones.

If you do not trust the entropy generated by your kernel, then you shouldn't trust the device that you're using.

I believe that there's a difference between trusting your device and trusting its RNG. For example, if you roll your dices and derive your addresses like so, you do know that it was a completely random choice of entropy. You can try it on other devices too to confirm that your main device won't “betray” you. But, if you do this with the RNG, you have no proof of your randomness.

[HCP]

All SW & HW can & is compromised, hell the US Gov largely demands backdoors in all tech.

It's been proven that most hw&sw wallets and exchanges are run by scammers.

The entire premise of bitcoin was trustless, or trust no one, now your saying 'gotta trust somebody'?

Hell no.

But we're supposed to "trust" the word of an internet rando who has provided no proof of their claims or cited any sources to backup the quite serious allegations they're making regarding the integrity of software wallets, hardware wallets and exchanges??!?

#irony