Can Trezor steal our bitcoins ? | Bitcointalksearch.org

xqus

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Quote from: Meuh6879 on January 18, 2016, 05:08:03 PM

Quote from: Curious8 on January 14, 2016, 06:29:35 AM

The seed and the PIN are generated in their site mytrezor.com
what makes me wonder if they have access to this sensetive info?

Yes.

As several others have posted earlier, no. If you don't have any proof, don't spread rumors.

StevenS

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Quote from: Curious8 on January 14, 2016, 06:29:35 AM

The seed and the PIN are generated in their site mytrezor.com

That is not true. The seed is generated in the Trezor device itself, and the only way it leaves the device is via the 24 words that you write down.

You generate your own PIN, and you send it to the device in such a way that only someone who is watching its screen could determine your PIN.

Of course, all this depends on the security of the software on the device itself, but as far as I know that's open source, and vetted by many people who aren't part of Trezor.

elizabethqueen

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Quote from: Curious8 on January 14, 2016, 06:29:35 AM

The seed and the PIN are generated in their site mytrezor.com
what makes me wonder if they have access to this sensetive info?

you dont have to worry about this,even they know about anything on your account as long trezor is nt scam and trusted,they will not make you upset,they is the best so far,so do you think coinbase dont know about our private data? Wink

Redrose

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No, I don't think that they can access your privatekeys. If the hardware fail, you can still recover your bitcoins via diverse ways like mentionned before.

PakistanHockeyfan

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Everything and anything is possible to be stolen. However, Bitcoin has proven to be a rather incredible source of protecting privacy and money information.

Meuh6879

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Quote from: Amph on January 19, 2016, 03:53:59 AM

it's better to buy a dedicated desktop for your coins at this point

Yes.

Or a old phone with custom ROM android.

carlos1111

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Quote from: kpitti on January 19, 2016, 04:26:47 AM

Bitcoin is build on trust. If you do not trust that business then find a one you will trust more.
If you are in doubt that you Private key or seed can be seen by someone else, then do not use it.

learn to read.

carlos1111

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Quote from: Rescue Squad on January 19, 2016, 04:08:12 AM

They could but they shouldn't because they are a legitimate business. Can the bank steal your money? Can PayPal steal your money? Heck the president could steal your money!

This is the most stupid sentece i've ever heard
Paypal and our Banks give insurance to frauds, trackable and controled by contry's law OECD etc
Bitcoin is anonymous open source service that ain't controled by anybody . no body with large amunt of btc would trust on a ''luck'' without asking questions unless he's a derp

calkob

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Quote from: Curious8 on January 14, 2016, 08:07:31 AM

Quote from: calkob on January 14, 2016, 07:49:57 AM

I doubt very much they can access your privkey from that, so many people are always going on about how good trezor are and how secure so i am sure someone has checked them out. my biggest worry about using the trezor would be hardware failure and not being able to use it. i think fir the foreseeable future i will stick to good old paper wallets that i can backup.......

in case of hardware failure you can always resotre your wallet with the seed in Electrum

Fair enough, great answer........ what is it like 12 random words or something?

StevenS

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Quote from: Rescue Squad on January 19, 2016, 04:08:12 AM

They could but they shouldn't because they are a legitimate business. Can the bank steal your money? Can PayPal steal your money? Heck the president could steal your money!

The bank and PayPal are different. They hold your money on your behalf. Trezor does not.

Not only should Trezor not steal your money, but they can't.

The firmware on your Trezor device is open source, and vetted by many other customers who are smarter than you or I.

This firmware does not ever send the private key (which is needed to spend your bitcoin) to the wallet. This includes the mytrezor.com wallet.

The firmware displays on the mini screen the BTC amount and the recipient address before it signs a transaction, and won't sign it until you press a key on the device. There is no way for a wallet on your PC, phone, or browser to get around these protections, because these wallets can't alter the Trezor's display or press its buttons.

The only way to hack your Trezor would be to load it with new firmware that has a back door. So don't upgrade the firmware on your Trezor.

Patatas

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First off all : Follow the Bump rules,you can only bump your post once in 24 hours.Neither the topic is as important that you needed the bump.

Secondly,no trezor can't steal your coins.Take example of your blockchain wallets,even though the private keys and addresses are generated by the website,they don't have access to the private keys since the algorithms follow specific encryption which is generated on the server side.

mxnsch

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Quote from: knowhow on January 18, 2016, 01:48:11 PM

Quote from: mxnsch on January 16, 2016, 03:16:01 PM

Of course it is not. I have verified Trezor security by code review and inspecting all network traffic. I might be wrong, but i seriously doubt it. Besides that fact, more capable people than me checked it, too.

Never deposit all your coins into one single wallet ,or exchange ,online stufs never safe to get hacked or anything else,the thing is we must trust and they keep taking their fees but one day they can see 1/3 bitcoins and think i can get this and no one will be able to recover or do anything,the thing is there is a risk involved into any wallet provider.

I don't know why you suggest / conclude that i use a single wallet or exchange. In fact just the opposite is true.

kpitti

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Bitcoin is build on trust. If you do not trust that business then find a one you will trust more.
If you are in doubt that you Private key or seed can be seen by someone else, then do not use it.

NorrisK

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Quote from: Amph on January 19, 2016, 04:13:46 AM

Quote from: NorrisK on January 19, 2016, 04:05:41 AM

Looks like there are some serious misconceptions about trezor.

Why would you trust a software wallet on your PC more than a hardware wallet? Both have the same potential issues.

Trezor can also be used with several wallets and does not need to be used with mytrezor website. Hardware failure can be overcome by using the seed in another trezor or software wallet. The trezor only communicates with the PC for signing transactions and never releases the private key, even if your system is malware infected. The blinded numpad also makes sure nobody can track your codes.

It doesn't get safer than this type of stuff.

so you're saying that i can not trust my core client? no sense, to me if we can not trust core with our private key, than bitcoin is indeed a fail

core is open source, and you can go ahead and compile yourself and check the code, this mean 100% safety, the problem is not trusting your desktop not your client, becaus emaybe you dl'ed malicious thing without knowing...

Quote from: Rescue Squad on January 19, 2016, 04:08:12 AM

They could but they shouldn't because they are a legitimate business. Can the bank steal your money? Can PayPal steal your money? Heck the president could steal your money!

sure, this will change when one coin will be worth 100k, even the less greedy people on earth, if were in the positio to easily steal tons of million, will turn to greedy in no time

Trezor is also open source and has their firmware code and other stuff available on github. https://github.com/trezor

If you trust bitcoin core because it is open source, you can also trust trezor. (granted, more people checked the core code.)

Potential problems can arise from firmware updates that have not been checked yet.

Amph

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Quote from: NorrisK on January 19, 2016, 04:05:41 AM

Looks like there are some serious misconceptions about trezor.

Why would you trust a software wallet on your PC more than a hardware wallet? Both have the same potential issues.

Trezor can also be used with several wallets and does not need to be used with mytrezor website. Hardware failure can be overcome by using the seed in another trezor or software wallet. The trezor only communicates with the PC for signing transactions and never releases the private key, even if your system is malware infected. The blinded numpad also makes sure nobody can track your codes.

It doesn't get safer than this type of stuff.

so you're saying that i can not trust my core client? no sense, to me if we can not trust core with our private key, than bitcoin is indeed a fail

core is open source, and you can go ahead and compile yourself and check the code, this mean 100% safety, the problem is not trusting your desktop not your client, becaus emaybe you dl'ed malicious thing without knowing...

Quote from: Rescue Squad on January 19, 2016, 04:08:12 AM

They could but they shouldn't because they are a legitimate business. Can the bank steal your money? Can PayPal steal your money? Heck the president could steal your money!

sure, this will change when one coin will be worth 100k, even the less greedy people on earth, if were in the positio to easily steal tons of million, will turn to greedy in no time

Rescue Squad

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They could but they shouldn't because they are a legitimate business. Can the bank steal your money? Can PayPal steal your money? Heck the president could steal your money!

NorrisK

legendary

Activity: 1946

Merit: 1007

Looks like there are some serious misconceptions about trezor.

Why would you trust a software wallet on your PC more than a hardware wallet? Both have the same potential issues.

Trezor can also be used with several wallets and does not need to be used with mytrezor website. Hardware failure can be overcome by using the seed in another trezor or software wallet. The trezor only communicates with the PC for signing transactions and never releases the private key, even if your system is malware infected. The blinded numpad also makes sure nobody can track your codes.

It doesn't get safer than this type of stuff.

Amph

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Merit: 1070

Quote from: Meuh6879 on January 18, 2016, 05:08:03 PM

Quote from: Curious8 on January 14, 2016, 06:29:35 AM

The seed and the PIN are generated in their site mytrezor.com
what makes me wonder if they have access to this sensetive info?

Yes.

well that's bad, it's not as a safe as everyone was think then, it's better to buy a dedicated desktop for your coins at this point

Meuh6879

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Quote from: Kprawn on January 14, 2016, 01:29:07 PM

I do not trust any 3rd party with my coins after

+1

Meuh6879

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Quote from: Curious8 on January 14, 2016, 06:29:35 AM

The seed and the PIN are generated in their site mytrezor.com
what makes me wonder if they have access to this sensetive info?

Yes.

Topic: Can Trezor steal our bitcoins ? (Read 2715 times)