Topic: BlockChain innovation ... Locking your coins against transfer? (Read 210 times)
it call paper wallet
With all the scams, hacks, and phishing going on, I'm wondering if anyone knows of a project that allows you to lock your coins against transfer at the BlockChain level. I.e., set a password, or some other system, that would prevent a transfer even if someone got your private keys, hacked an online wallet, key logged your computer, etc. Heck, there are even people pooling resources to "check" private keys for balances.
It wouldn't be ideal for active traders, but for hodlers, I'd do it.
But you can try just print your paper wallet rather than save your password in your computer and i think that even better than just put your password or something else to protech your account. It wouldn't be ideal for active traders, but for hodlers, I'd do it.
I agree that would be a useful feature. To prevent those phishing attempts from being successful, maybe a second confirmation from the registered user before the funds are transferred? For example if I want to take coins out of Bittrex, I not only have to enter all my info on Bittrex itself but Trex also sends me a confirmation email to click before any funds are released. Does such a wallet exist already?
With all the scams, hacks, and phishing going on, I'm wondering if anyone knows of a project that allows you to lock your coins against transfer at the BlockChain level. I.e., set a password, or some other system, that would prevent a transfer even if someone got your private keys, hacked an online wallet, key logged your computer, etc. Heck, there are even people pooling resources to "check" private keys for balances.
It wouldn't be ideal for active traders, but for hodlers, I'd do it.
It wouldn't be ideal for active traders, but for hodlers, I'd do it.
You want to lock your coins (all blockchain based currencies? or just your BTC pledged in some ICO?) so that even with the private key, the coins are unable to be sent?
I dont think this feature is particularly useful. As far as i know, the probability of your private key being found is amazingly small.
If you are referring to the Bitcoin Collider thread here on the forum, i believe they are targeting 'weak' private keys, and even explicitly mention some types of wallets they do not target, likely due to the fact its too difficult.
Bottomline is, don't worry that your private keys will be found/generated randomly. If this happened on a regular basis, people would have been out of crypto by now.
I was thinking about this because there was someone on here a day or two ago that believed their coins were stolen as a result of using public WiFi while on a vacation, which probably led to someone stealing their username/passwords if they logged into an online wallet. ... And on the slack channels, everyday I see people falling for the fake "MyEtherWallet" links, which is theft by private keys. I was just trying to imagine a way that would stop scammer and hackers from transferring the funds, since there are vulnerability being exploited everyday.
With all the scams, hacks, and phishing going on, I'm wondering if anyone knows of a project that allows you to lock your coins against transfer at the BlockChain level. I.e., set a password, or some other system, that would prevent a transfer even if someone got your private keys, hacked an online wallet, key logged your computer, etc. Heck, there are even people pooling resources to "check" private keys for balances.
It wouldn't be ideal for active traders, but for hodlers, I'd do it.
It wouldn't be ideal for active traders, but for hodlers, I'd do it.
You want to lock your coins (all blockchain based currencies? or just your BTC pledged in some ICO?) so that even with the private key, the coins are unable to be sent?
I dont think this feature is particularly useful. As far as i know, the probability of your private key being found is amazingly small.
If you are referring to the Bitcoin Collider thread here on the forum, i believe they are targeting 'weak' private keys, and even explicitly mention some types of wallets they do not target, likely due to the fact its too difficult.
Bottomline is, don't worry that your private keys will be found/generated randomly. If this happened on a regular basis, people would have been out of crypto by now.
With all the scams, hacks, and phishing going on, I'm wondering if anyone knows of a project that allows you to lock your coins against transfer at the BlockChain level. I.e., set a password, or some other system, that would prevent a transfer even if someone got your private keys, hacked an online wallet, key logged your computer, etc. Heck, there are even people pooling resources to "check" private keys for balances.
It wouldn't be ideal for active traders, but for hodlers, I'd do it.
It wouldn't be ideal for active traders, but for hodlers, I'd do it.
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