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theblackdog001[m
Is their any projects for a way to make a usb into a hardware wallet?
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JivanPal[m]
theblackdog001: A hardware wallet is not just a storage device. You want a separate air-gapped device that can sign transactions.
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JivanPal[m]
A hardware wallet is a computer that just has a USB interface to receive unsigned transactions and pass back signed transactions. Think of it like a compact, application-specific secondary computer that never connects to the internet, and that you connect to your primary daily-use computer with a USB cable to pass data back and forth, but only specific sorts of data.
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theblackdog001[m
Thanks sorry I have only been mining im new to this and trezor is sold out on amazon anything that is better?
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JivanPal[m]
No problem, everyone's new to everything at some point
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JivanPal[m]
Other hardware wallets are available that support Monero/XMR, such as Ledger devices
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JivanPal[m]
If you're only holding a small amount (for whatever you consider small; I'd say like a couple hundred dollars, but that's just me), using a smartphone is a perfectly reasonable solution if you don't mind the potential security risks associated with running a closed-source operating system
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JivanPal[m]
If you're only concerned about third-party malware, smartphone OS sandboxing is good enough that it's not really a concern
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theblackdog001[m
Thank you
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rock[m]
Half. An ew yes
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rock[m]
Happy new years
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jetsteel[m]
<theblackdog001[m> "Is their any projects for a..." <- You can make any non-internet connected computer fill the role of a hardware wallet
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jetsteel[m]
theblackdog001: just make an offline wallet on an always offline machine. Have a view only wallet on an online machine. View wallet creates unsigned transactions. Offline wallet signs them. You manually transfer data between them.
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jetsteel[m]
theblackdog001: so you could make an app that streamlines all of that. The only threat is if there is an exploit on your data transfer medium of choice that is, well, exploited by malware.
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jetsteel[m]
theblackdog001: a hardware wallet simplifies all that a step further by being small and plugging directly into the online computer when it is needed to sign something.
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JivanPal[m]
It also reduces attack surface by not being a general purpose device.
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jetsteel[m]
<JivanPal[m]> "It also reduces attack surface..." <- Also true. But, the trade off is that it does literally connect to a internet connected PC. So, you are trading one vector for another.
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JivanPal[m]
Restricted API/physical interface, it's not really a concern unless the wallet itself has some vulnerability in that interface that can be exploited by the host
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JivanPal[m]
You're not trading one vector for another, you're altogether reducing the set of potential vectors
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jetsteel[m]
JivanPal[m]: Maybe. Depending on your skill set and values, it may be easier to secure an air gapped general device than a device that you had to "trust" that it "just worked".
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jetsteel[m]
Jivan Pal 🇬🇧: If I had crazy value, I would have the bulk in a paper wallet and wouldnt trust anything
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jetsteel[m]
<JivanPal[m]> "You're not trading one vector..." <- This is also why most normal people are going to use insured custodians. Doesnt matter what the vector is, you get reimbursed from fraud.
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JivanPal[m]
Quite; but then why use any cryptocurrency in the first place?
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JivanPal[m]
(Investment potential being another matter entirely)
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moneromooo
Because you can hack on it ?
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moneromooo
Obviously. Since this is -dev.
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jetsteel[m]
JivanPal[m]: I think people eventually will, because smaller countries will ultimately realize they can take the reserve currency from the US. This will tip the scales. But, I am biased.