🔓 Lock.com - Software isolation will replace the hardware wallet [PREVIEW]

[Cointikka]

Hope you are doing well. I just registered for early access. When I click it, it says, "Registering..."

And there is also a button for sign-up which I think is not working for now, right? Because when I click it, it says, "Saved. Connection is unstable, so we’ll keep trying automatically."

It happened with me also. It got stuck on the Registering part for quite a few seconds, and then I saw the same message. Later on it showed that I am on the list. My connection is stable, so I assume it might be a small tech glitch; as of now, it has not yet launched. So such issues can come up. The main thing is their product, which I am more interested in, as they are claiming big things.

[satscraper]

I am not so sure about this. I don't want to turn my back on hardware wallets altogether because of what Coldcard, NVK, and the rest of the guys did. Their implementation was flawed but that doesn't make 12/24-word seeds unsafe now, especially with a complex, long, and non-bruteforcable (according to today's standards) passphrase or multisig involving several other parties. Entropy from non-biased dice is still good.

The flawed code of Coldcard was public for five years. Why didn't anyone notice it? People can argue that nobody wanted to waste their time reviewing it or working with NVK because of his past behavior but I don't think that's good enough of an excuse. Any expert that claimed to have "reviewed" Coldcard's code and gave them the thumbs up messed up.

If people weren't able to find the vulnerabilities with that product for five years, what are the chances they will review Lock properly and its 2 million lines of code? At the moment, that's a no from me.

If I make the decision to abandon all hardware wallets, it's going to be for a completely and properly airgapped setup involving Electrum on an offline computer. To me, that's levelling up in terms of security.

It seems that setup which meets your requirement exists already, and this is Tails, which has Electrum preinstalled and is capable of booting on any machine offline via USB port. This setup has been proven over the years. New setup, like Lock OS ^{with its millions of entries in its codebase} is likely to have more flaws than anything else users have faced so far.

[darxiaomi]

Im not a speciallist on this matter and im not gonna give advice to anyone here since most of the guys around knows much more than me.

Aside of it i found this thread thanks to the signature campaign you are gonna start which it makes me happy to see things like this one doing one of them and not always the same gambling companies around.

I like the concept of start to paying attention to the quantum computer from now and already closing the discussion about it since we alread have the tools to prevent any problem in the future, so i hope your product does good and more people start to be cover from post quantum issues.

And please dont make silly mistakes like the coldcard one.....

[snowpega]

Edit: it works, i am now also on the list...

I can confirm this, I also pre-registered and it went smoothly.
...

Thanks for the confirmation, Mate.

Hope you are doing well. I just registered for early access. When I click it, it says, "Registering..."

And there is also a button for sign-up which I think is not working for now, right? Because when I click it, it says, "Saved. Connection is unstable, so we’ll keep trying automatically."

It happened with me also. It got stuck on the Registering part for quite a few seconds, and then I saw the same message. Later on it showed that I am on the list. My connection is stable, so I assume it might be a small tech glitch; as of now, it has not yet launched. So such issues can come up. The main thing is their product, which I am more interested in, as they are claiming big things.

Hmm, seems like. The best thing is that after testing the service, we are reporting such glitches here with the team, which can be improved from time to time. Maybe when it says to us that "Saved. Connection is unstable, so we’ll keep trying automatically." or "Registering", there can be chances it is saving our request in the backend/database. That is why it takes a little time to get access for pre-registration or to be on the list.

Aside from this, Such projects are really needed.

[Pmalek]

I like the concept of start to paying attention to the quantum computer from now and already closing the discussion about it since we alread have the tools to prevent any problem in the future, so i hope your product does good and more people start to be cover from post quantum issues.

Keep in mind that Bitcoin and its blockchain aren't quantum-safe. The network would have to undergo a hard fork to migrate away from legacy signatures. Who knows how long that's going to take and when it will be needed. Lock uses a combination of traditional, non-quantum-safe cryptography and a quantum-safe system. I don't have the technical know-how to comment on how that would work on a blockchain that itself isn't protected against the worst-case scenario and what would happen to Lock in case a quantum attack happened.

[darxiaomi]

I like the concept of start to paying attention to the quantum computer from now and already closing the discussion about it since we alread have the tools to prevent any problem in the future, so i hope your product does good and more people start to be cover from post quantum issues.

Keep in mind that Bitcoin and its blockchain aren't quantum-safe. The network would have to undergo a hard fork to migrate away from legacy signatures. Who knows how long that's going to take and when it will be needed. Lock uses a combination of traditional, non-quantum-safe cryptography and a quantum-safe system. I don't have the technical know-how to comment on how that would work on a blockchain that itself isn't protected against the worst-case scenario and what would happen to Lock in case a quantum attack happened.

Thank you Pmalek for your answer, yes i know it, but i also know we already have the knowledge to overcome it which is super important we only need the next step which is what you said and is not an easy one. We have to come to a new consensus and made it bulletproof.

But this could take a lot of time and that could be a problem.

[snowpega]

Keep in mind that Bitcoin and its blockchain aren't quantum-safe. The network would have to undergo a hard fork to migrate away from legacy signatures. Who knows how long that's going to take and when it will be needed. Lock uses a combination of traditional, non-quantum-safe cryptography and a quantum-safe system. I don't have the technical know-how to comment on how that would work on a blockchain that itself isn't protected against the worst-case scenario and what would happen to Lock in case a quantum attack happened.

Yeah, you are correct, as this is a very concerning and important matter these days.
Because we, as its adopters, fear what would happen if a quantum computer damages/attack its network in any way.
At the same time, if we think about it from another perspective, we know that every technology has its pros and cons.

So what if this technology is used to make it safe from bad actors to protect it rather than damaging it in any way?
The meaning of this is that it will depend on the situation and what kind of people/person is using this technology.
This will decide whether quantum computing is a technology against this asset or supports it.

Other than this, what I think is that, as adoption of Bitcoin is increasing day by day, and now it has reached the international level where we have seen it also has been added to some countries' strategic reserves, e.g., the US. So I don't think countries like these or big powers will ever let this happen. Because if this happens, it will also damage them, which can impact their economy, right? CMIIW!

[taufik123]

Seeing 🔓Lock as another storage alternative that suddenly appeared after the Coldcard Hardware wallet hack case,
this seems like the right way to start introducing a lock wallet with a Quantum safe system that is claimed to be able to protect the wallet better,
Whether this is true and can protect the private key and signin process on the device, I still don't fully understand.

And 🔓Lock says that "Hardware is dead" and will the era of hardware wallets be replaced?
Since any device can be used for storage with a 🔓lock, this is a claim that really needs to be proven.
The application that is still not available makes me curious what exactly this 🔓Lock wallet is, whether it is according to its claim or not.

[dansus021]

Hi lock welcome to the forum. I love the Tagline, the hardware wallet is dead and whoop I already register my email and said Im in the list. Cant wait to see what coming

[taufik123]

Hi lock welcome to the forum. I love the Tagline, the hardware wallet is dead and whoop I already register my email and said Im in the list. Cant wait to see what coming

Is this a coincidence? because the momentum was very right after the Coldcard hack happened.
I have also registered my Email to be able to try Wallet 🔓Lock with the world's first Quantum Safe System.

But there is still a lot of evidence to be found for the slogan "Hardware is dead" because some of the top hardware wallets like Trezor and Ledger are still the go-to choice today.
Except for Coldcard, which I have crossed off from the list of the best Hardware wallets.

[Dareo]

If people weren't able to find the vulnerabilities with that product for five years, what are the chances they will review Lock properly and its 2 million lines of code? At the moment, that's a no from me.

If I make the decision to abandon all hardware wallets, it's going to be for a completely and properly airgapped setup involving Electrum on an offline computer. To me, that's levelling up in terms of security.

Apparently nothing is 100% safe in the world. As you say, you will use a completely air gapped setup with Electrum on an offline computer. But there is no guarantee that it will be safe after the next 10 years. Technology and attack models all change with time. Even with quantum computing, there is already discussion about post quantum defense for Bitcoin.

With that in mind, if Lock has been building defenses with the future quantum computing threat in mind from the beginning, then I think it is a bit too early to dismiss it simply because it has a lot of code.

[MainIbem]

Hi lock welcome to the forum. I love the Tagline, the hardware wallet is dead and whoop I already register my email and said Im in the list. Cant wait to see what coming

Is this a coincidence? because the momentum was very right after the Coldcard hack happened.
I have also registered my Email to be able to try Wallet 🔓Lock with the world's first Quantum Safe System.

But there is still a lot of evidence to be found for the slogan "Hardware is dead" because some of the top hardware wallets like Trezor and Ledger are still the go-to choice today.
Except for Coldcard, which I have crossed off from the list of the best Hardware wallets.

Trezor and Ledger are the most popular hardware wallets given that they support other cryptos but Coldcard is very famous for Bitcoin users so maybe their take is that if the most popular Bitcoin only hardware known for having a sophisticated security could be successfully attacked and penetrated then other might not be as safe as we think. For now, the claim that hardware is dead is still based on the Coldcard hack and if Lock can offer something better especially keeping the Bitcoin community safe from the future Quantum threat then it's worth giving a trial.

[snowpega]

Is this a coincidence? because the momentum was very right after the Coldcard hack happened.
I have also registered my Email to be able to try Wallet 🔓Lock with the world's first Quantum Safe System.

But there is still a lot of evidence to be found for the slogan "Hardware is dead" because some of the top hardware wallets like Trezor and Ledger are still the go-to choice today.
Except for Coldcard, which I have crossed off from the list of the best Hardware wallets.

Yeah, it's so normal to ask such questions. I would say two things here; one is that when there is a problem on one side, then on the other side a new product stands out as a solution to the problem. And if we talk about Lock, then it stands out for the best timing for doing branding in the market with their unique idea, which is a good thing.

Other than this, they are claiming they are quantum-proof, which I don't want to doubt in any way. But when I think about this, a question comes to my mind: how is it possible to claim this technology/software is quantum-proof? Because a quantum system is still under development, and they haven't entered its mature zone where it will be able to reach maximum intelligence, right? How is it possible? CMIIW!

[Ashawowo(OS)]

But there is still a lot of evidence to be found for the slogan "Hardware is dead" because some of the top hardware wallets like Trezor and Ledger are still the go-to choice today.

I'm still surprised how ledger remains on your list despite the repeated data leaks recorded in the past, I cannot recommend such a wallet that divulges users KYC data. Although I have no complaints about Trezor, but on a personal note I don't use hardware wallets, my cold storage device is enough for me. I'm particularly interested in Lock software which promises cold storage on multi-chain wallet, I've not seen anything like that before. I would be willing to move my altcoins to a cold storage device as well.

The animation indicating "Hardware is dead" on the landing page of the site is interesting, I really want to try out the 🔓 Lock wallet as well.
I've already signed up in the waiting list.

[Pmalek]

Apparently nothing is 100% safe in the world. As you say, you will use a completely air gapped setup with Electrum on an offline computer. But there is no guarantee that it will be safe after the next 10 years. Technology and attack models all change with time. Even with quantum computing, there is already discussion about post quantum defense for Bitcoin.

With that in mind, if Lock has been building defenses with the future quantum computing threat in mind from the beginning, then I think it is a bit too early to dismiss it simply because it has a lot of code.

I am not dismissing Lock because it has a lot of code. It's brand-new in addition to having millions of lines of code. I am not someone who is in hurry to test something new if there are other quality solutions that have been around for many years. Since you mentioned Electrum, I think that software was created back in 2011 or 2012. It's been around for more than a decade and does what it was created to do.

I am also not a big fan of the type of marketing we are not seeing from Lock. "Hardware is dead!" No it's not. They are just trying to take advantage of the situation to increase their userbase. I criticized a post some time ago by Unstoppable Wallet, where they were trying to make it seem like it's better to use their software wallet than hardware wallets. I didn't like that and I don't like Lock's approach here either.

[taufik123]

Yeah, it's so normal to ask such questions. I would say two things here; one is that when there is a problem on one side, then on the other side a new product stands out as a solution to the problem. And if we talk about Lock, then it stands out for the best timing for doing branding in the market with their unique idea, which is a good thing.
-snip-

Claims that have not been proven will not give any results, and there is no definite trial, If the product is available and can be tested,
then everything can be answered, whether the claim is true or just part of marketing.

I'm still surprised how ledger remains on your list despite the repeated data leaks recorded in the past, I cannot recommend such a wallet that divulges users KYC data. Although I have no complaints about Trezor, but on a personal note I don't use hardware wallets, my cold storage device is enough for me. I'm particularly interested in Lock software which promises cold storage on multi-chain wallet, I've not seen anything like that before. I would be willing to move my altcoins to a cold storage device as well.

The animation indicating "Hardware is dead" on the landing page of the site is interesting, I really want to try out the 🔓 Lock wallet as well.
I've already signed up in the waiting list.

Ledger & trezor isn't just on my list, but look at how these two hardware wallets are chosen for their use, and if you don't have a hardware wallet yet then you won't know what the ecosystem is.
And don't be too FOMO, especially if you say you are interested and want to move the altcoins you have to a new wallet that has not been tested, especially since the application is not yet available. .

I am not dismissing Lock because it has a lot of code. It's brand-new in addition to having millions of lines of code. I am not someone who is in hurry to test something new if there are other quality solutions that have been around for many years. Since you mentioned Electrum, I think that software was created back in 2011 or 2012. It's been around for more than a decade and does what it was created to do.

New software certainly takes a lot of experimentation and people who are too FOMO to test and move all their altcoins in the new Wallet that have not been tested,
this is like a dark mission without knowing the direction and willing to sacrifice the assets he has.
It took a lot of research and experimentation before it was decided that the wallet was good enough, even electrum took years.

I am also not a big fan of the type of marketing we are not seeing from Lock. "Hardware is dead!" No it's not. They are just trying to take advantage of the situation to increase their userbase. I criticized a post some time ago by Unstoppable Wallet, where they were trying to make it seem like it's better to use their software wallet than hardware wallets. I didn't like that and I don't like Lock's approach here either.

Claims that are too exaggerated and indeed the marketing method takes advantage of the Hacking moment that occurred on Coldcard, moreover there has not been any test.
If it's good and the amazing Quantum safe technology works well, I'll use it too, but if it's an overly ambitious claim, then it's just like any other wallet that will just disappear without any updates