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Topic: How much would you trust trezor? - page 3. (Read 10232 times)

sr. member
Activity: 552
Merit: 250
December 15, 2015, 10:06:16 AM
If i had a really big ammount of BTC, i would consider a paper wallet. It is the safest because it is isolated from the computer-world. But you should be ok with trezor, it is very secure and cant "scam" you.

Totally agree with you. A properly printed and store paper wallet will do the job.
I am not sure how durable is Trezor. I have some old handphones with the LCD screen burned/melted after using for many years... How about the ones used by Trezor??? 
hero member
Activity: 560
Merit: 501
December 15, 2015, 08:07:10 AM
If i had a really big ammount of BTC, i would consider a paper wallet. It is the safest because it is isolated from the computer-world. But you should be ok with trezor, it is very secure and cant "scam" you.
hero member
Activity: 798
Merit: 1000
Move On !!!!!!
December 15, 2015, 06:03:46 AM
I doubt the products was made to screw people over.  I think it's a great product and the company seems like it is run like a true business.

i think that they should at least reduce the price so it will not be used for a niche market only, but it can be bought by more people

maybe they should also upgrade it a bit, like making the display a bit larger and adding info on the buttons(i see they are blanks, looks dull)

Well aren't they reducing the price slowly? When I got it it was $129 and today it's $99!

That's a considerable decrease in price and I predict that the price will be falling as there is more competition and as they sell more and more of these devices.
legendary
Activity: 3206
Merit: 1069
December 15, 2015, 04:40:11 AM
I doubt the products was made to screw people over.  I think it's a great product and the company seems like it is run like a true business.

i think that they should at least reduce the price so it will not be used for a niche market only, but it can be bought by more people

maybe they should also upgrade it a bit, like making the display a bit larger and adding info on the buttons(i see they are blanks, looks dull)
full member
Activity: 129
Merit: 100
December 14, 2015, 11:31:22 PM
Never had an issue and secured with 24 word seed.  Superb service and open line communication.  Great company.
newbie
Activity: 27
Merit: 0
December 14, 2015, 11:09:18 PM
Does trezor re-use addresses?
IIUC, the trezor device itself is not involved in that decision. It is up to the wallet that trezor uses, which can be mytrezor.com, Mycelium, Electrum, and maybe others. All of those wallets will not re-use address in their normal use.

Quote from: HappyComplex
Are coins stored on a trezor safe from quantum computers maybe 10 years in the future?
IIUC, trezor uses the same key generation and length as other Bitcoin implementations, so the risk of which you speak is no different.

Okay, yes it looks like mytrezor.com does not re-use addresses.  Leftover coins are sent to a fresh address with every transaction.

I guess this means trezor is safe from quantum attacks as well.

I was reading a thread that said addresses which have never been spent from are quantum safe:

https://www.reddit.com/r/Bitcoin/comments/3wfmg2/satoshis_unmoved_coins_are_the_worlds_biggest/
legendary
Activity: 1596
Merit: 1027
December 14, 2015, 10:01:52 PM
its currently one of the hardware wallet options you have currently available on the market
legendary
Activity: 1168
Merit: 1049
December 14, 2015, 09:40:18 PM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.
honestly i really want trust trezor,but i just use online wallet,and still not interest with offline wallet.
sometime i just wonder,how much trezor user,and why they choose offline wallet like trezor.

If you don't know why someone would choose an offline wallet then you need to do some reading up on bitcoin and how it works. (Perhaps it'll influence your decision on choosing an online wallet for storage of large amounts of bitcoin.)

Here's a good page about wallet securing that covers offline/online/web wallets - specifically here.
full member
Activity: 206
Merit: 100
December 14, 2015, 06:29:54 PM
Does trezor re-use addresses?
IIUC, the trezor device itself is not involved in that decision. It is up to the wallet that trezor uses, which can be mytrezor.com, Mycelium, Electrum, and maybe others. All of those wallets will not re-use address in their normal use.

Quote from: HappyComplex
Are coins stored on a trezor safe from quantum computers maybe 10 years in the future?
IIUC, trezor uses the same key generation and length as other Bitcoin implementations, so the risk of which you speak is no different.
sr. member
Activity: 260
Merit: 250
December 14, 2015, 10:11:08 AM
I just ordered a trezor device today, I've read that people don't like the flimsy, cheap part of it. We'll see what when it arrives. I really think that the device itself is a bit overpriced, but I'm not going for a Chinese one which might have some security issues.

Good luck with your trezor I think is just a good device is your planning to hold your bitcoins.
Reply back so that I can know your review about it.
sr. member
Activity: 326
Merit: 250
December 14, 2015, 10:09:55 AM
I am kinda holding off on getting one. I have yet to see a bad review on it. All the things I read about it are all positive.
I might get one next year, we'll see how it turns out.
newbie
Activity: 27
Merit: 0
December 14, 2015, 10:07:54 AM
Does trezor re-use addresses?

Are coins stored on a trezor safe from quantum computers maybe 10 years in the future?
member
Activity: 84
Merit: 10
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December 12, 2015, 08:20:12 PM
I doubt the products was made to screw people over.  I think it's a great product and the company seems like it is run like a true business.
legendary
Activity: 2674
Merit: 1048
December 12, 2015, 05:13:09 PM
Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.
honestly i really want trust trezor,but i just use online wallet,and still not interest with offline wallet.
sometime i just wonder,how much trezor user,and why they choose offline wallet like trezor.
sr. member
Activity: 574
Merit: 250
In XEM we trust
December 11, 2015, 10:13:00 PM
I just ordered a trezor device today, I've read that people don't like the flimsy, cheap part of it. We'll see what when it arrives. I really think that the device itself is a bit overpriced, but I'm not going for a Chinese one which might have some security issues.
sr. member
Activity: 308
Merit: 250
December 10, 2015, 04:24:50 AM
i will not trust trezor,i dont think hardware wallet more secure than online wallet.
and also hardware wallet have possibly lost the device,and because of that,i use online wallet until now.

But do you hold your bitcoins? Or you just invest and hold some.
I have heard that the most people who use trezor, because they want to hold it for a long time and they just save it somewhere safe.
But yeah online wallet is also secure but just make other wallets and paper wallet is also good enough.
hero member
Activity: 518
Merit: 500
December 10, 2015, 01:52:20 AM
i will not trust trezor,i dont think hardware wallet more secure than online wallet.
and also hardware wallet have possibly lost the device,and because of that,i use online wallet until now.
full member
Activity: 206
Merit: 100
December 09, 2015, 03:34:58 PM
I don't like the fact that you have to log in to some interface to get your coins out of the wallet. What happens if I don't have internet? I don't want to depend on some webpage to get my funds out.
I use my Trezor with Mycelium on my phone. You don't need to use the mytrezor.com web page.
sr. member
Activity: 278
Merit: 251
December 08, 2015, 08:03:29 PM

Trezor has the capability to use an alternative entropy source when generating the private key. Not sure whether you can literally seed it yourself (using a physical entropy source), but it can definitely take entropy from the machine/OS you're using the Trezor with.

There are programs to generate seed words from physical dice rolls.  You could use these and then initialize the Trezor from the seed words.  You would need to use a trusted computer to do this however.  If you used a read only operating system and vetted software then you would be OK.

When I first got my Trezor I initialized it and wrote down my seed words.  I then sent it a tiny amount of funds.  Then I reset my Trezor to the factory settings.  Then I booted up an offline computer system and used it to recover the Trezor from the seed words.  Then, using my regular computer I connected the Trezor and verified that the funds were there.  Next, I took the piece of paper with the seed words and put it in a safe, fireproof place.  Finally, I moved the bulk of my funds to the Trezor.

The best part of Trezor is that it's secure, easy to use, and most importanly, easy to use securely. I agree with the people who suggest it makes sense if you have more than 5 to 10 bitcoins that you access more than once a year or so.

Before I got the Trezor I was highly suspicious of the physical security of bitcoins. I used Armory and off-line Electrum wallets, but it became obvious that it was just a matter of time before I committed some serious operational security breech.  Plus, it was horribly inconvenient to spend my bitcoins.

Ultimately, there will be trusted computers that can run a mixture of hostile and trusted applications and allow a single TPM chip to protect applications from each other at very low cost.  However, given the complexity of such situations and the likelihood that all large scale chip vendors and computer system manufactures are subverted by TPTB, Trezor seems like a very good deal, at least for the next few years.




legendary
Activity: 2912
Merit: 1852
December 08, 2015, 07:51:01 PM
I currently have ~2 BTC stored in a Ledger Wallet. It's cheaper than trezor and IMHO it offers the same security... what do you guys think?



Non-professional OROBTC is just about as happy with Ledger Nano as with Trezor.

Ledger is much cheaper.

The Trezor is a bit more user-friendly IMO.

*   *   *

I suspect that a lot is going to happen in the "BTC Hardware Wallet" space.  LiteCoinGuy is closely following this topic of hardware wallets.
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