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I trust the Trezor quite a lot, probably a bit more than the Ledger Nano. Both work well for me.
I think that a lot is going to start happening soon in the BTC hardware wallet space. Looking forward to it.
Topic: How much would you trust trezor? - page 7. (Read 10375 times)
I will never trust something that has dependance of a mechanism to work be it mechanical or digital (electronic) above a simple paper wallet wrapped in fire resistant plastic. I mean who would? just get a paper wallet with BIP38 and wrap it on sturdy type of plastic, how doesn't this beat Trezor to be honest?
This is OK if you will not move your coins let's say for a year, but if you must move your coins once a week for example, then your paper wallet becomes very inconvenient. This is where Trezor shines!
Well if you get a copy of the keys and print it and have it near you on your desktop, how is it so unconvenient to use it? If you want to get funds on it or move it out of them you could always use your phone scanning the QR code. Instead of connecting Trezor in your computer you connect your phone.
Id trust trezor alot. Well, if trust it relatively alot note than of trust myself, as I have a habit of getting viruses, even though 80% of my computer is run with sandboxie xD
Trezor is one of the best wallets you can have, and ask my friends who use bitcoin use trezor. Wisdom in numbers, you know?
Trezor is one of the best wallets you can have, and ask my friends who use bitcoin use trezor. Wisdom in numbers, you know?
Im using a ledger to store my funds in a "cold" wallet.
I dont see any risk when storing them there without daily use at all.
I dont see any risk when storing them there without daily use at all.
I would trust a wallet only if it have a large community and user. I am using Mycelium because a lot of people is using too. I would also trust Trezor since many people at Bitcointalk said that they uses Trezor. Most of them are rich people who have a lot of Bitcoin in their Trezor wallet. If anything bad happen they will definitely file a scam accusation thread. So far I have seen none from a trusted member.
because trezor is the first,i trust it so much.and honestly,i love trezor design,its cool and strong.
but i not love to use hardware wallet,i will more enjoy using online wallet,its more simple and cn use in PC or smartphone without worry the device is lost.
but i not love to use hardware wallet,i will more enjoy using online wallet,its more simple and cn use in PC or smartphone without worry the device is lost.
I would not trust it very much. Nor trezor, not any other thing. At this point right now, I would prefer to use bitcoins to pay my bills (mortgage etc) before accumulating too much. Maybe I would go as high as 7-10 BTC, then use to reduce debts if there is any excess to that.
Trezor may break, and whichever other method too. Most safe saving is reducing debt/recurring payments on one's life.
Trezor may break, and whichever other method too. Most safe saving is reducing debt/recurring payments on one's life.
How much would you trust trezor?
Paranoid as I am. No trust.Nobody knows what is inside that hardware, firmware, etc... What if the maker just silently want to steal bitcoins from the masses!?
Just no. Never.
I will never trust something that has dependance of a mechanism to work be it mechanical or digital (electronic) above a simple paper wallet wrapped in fire resistant plastic. I mean who would? just get a paper wallet with BIP38 and wrap it on sturdy type of plastic, how doesn't this beat Trezor to be honest?
This is OK if you will not move your coins let's say for a year, but if you must move your coins once a week for example, then your paper wallet becomes very inconvenient. This is where Trezor shines!
For the first time to participate in passing
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
https://bitcointalksearch.org/topic/time-to-bust-a-myth-paper-wallets-are-less-secure-than-normal-encrypted-wallets-1013586Paper wallets are generally going to be less secure then an encrypted wallet. You would most likely be better off doing whatever you would do to protect your paper wallet, but omit the step that puts your private keys on paper and instead keep them encrypted on a hard drive.
what about an encrypted paper wallet? i think the price is a big factor also, as far as i know its what about £100 for a trazor. i would rather just use paper wallets, backed up in multiple places and spend the £100 on more bitcoin.......
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.
It could be a great Christmas gift, but I am skeptical about buying a trezor. How is it protected from hardware failure? What are the advantages over cold storage?
Trezor is cold storage. As long as you have your 24 word seed safely stored hardware failure is just an inconvenience. You just get a new one and restore from seed. If you are skeptical about Trezor you should read the owner's manual first before buying.
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.
It could be a great Christmas gift, but I am skeptical about buying a trezor. How is it protected from hardware failure? What are the advantages over cold storage?
I will never trust something that has dependance of a mechanism to work be it mechanical or digital (electronic) above a simple paper wallet wrapped in fire resistant plastic. I mean who would? just get a paper wallet with BIP38 and wrap it on sturdy type of plastic, how doesn't this beat Trezor to be honest?
People cock up paper wallets and lose their bitcoin more often than you think. See this post for a guy who lost 100 bitcoin stored in a paper wallet. Paper wallets are overrated. I will take a Trezor over a paper wallet any day. You seem to have a problem understanding that as long as you have the 24 word seed stored safely you can not lose bitcoin using a Trezor.
I've been using a trezor for around 6 months now. As long as you keep your seed passphrase, you will be fine.
I will never trust something that has dependance of a mechanism to work be it mechanical or digital (electronic) above a simple paper wallet wrapped in fire resistant plastic. I mean who would? just get a paper wallet with BIP38 and wrap it on sturdy type of plastic, how doesn't this beat Trezor to be honest?
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.
I trust a vast majority of my BTC on my Trezor.When Homeland Security "borrowed" all of my Bitcoins for 9 months they kept them on a Trezor.
Trezor hardware wallet is very good from safety point of view. You can not find any other hardware wallet like this. From the other point, if something happen with electronical part - you loose your BTC 
Too much emphasis is placed on the device that allows you to work with your seed. The 24 word seed is your bitcoin, consider the plastic Trezor to be disposable. Step on your Trezor, lose it, whatever, as long as you have a spare you can access your seed again right away. Don't have a spare handy? Use Electrum instead. You only lose your bitcoin if you lose your seed phrase.
Another solution - print out private keys on paper or engrave them into a durable metal possession and store in a safe or bury under the ground and have them in multiple locations.
Depending upon your risk you can split the key into parts and store them separately or you can store multiple copies in different locations.
I'm very wary when it comes to hardware wallets.
I like this idea. Very cool. Depending upon your risk you can split the key into parts and store them separately or you can store multiple copies in different locations.
I'm very wary when it comes to hardware wallets.
Imagine in 30 years going metal detector hunting and finding someone's physical 'bitcoin bar' buried deep in the ground, with the keys engraved on it. I'd be rushing to check the balance!! EDIT: To solve the problem you all are discussing of an open attack when you obtain said private key, develop your own personal coder and decoder. Encode your private key even futher.
Ex:
A=3P
B=eq
C=iv
D=9s
E=a4
So on and so forth. Memorize your code.
The only way of attack then would be to hack your brain. (Which may be not far from the future.) I realize it is near impossible for this scenario to work. Can anyone add/modify/take away from it to increase security?
Is it waterproof? The fear of having the electronic components fail is probably it's achiles heel.
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