Pages:
Author

Topic: Query on "do not keep your money in online accounts" - page 2. (Read 491 times)

donator
Activity: 4760
Merit: 4323
Leading Crypto Sports Betting & Casino Platform
It really isn't brain surgery and you don't need a hardware wallet or special software to safeguard your funds.  That's literally what the blockchain exists for.  Get your private keys, keep them safe.  It's that simple.  You don't have to spend any money on hardware or research developers to see how honest they are.  You don't need to trust audits or financial services or look at regulators.  You just need your private key and some acceptance of your responsibility to safeguard your own funds.  The fact that many people are used to handing over their money to others who they trust is a big thing crypto needs to overcome and I think as a result of people not wanting this responsibility, there will always be con artists offering them a simpler solution. 
legendary
Activity: 994
Merit: 1089
I never use this unstoppable wallet but i use trust wallet. Is unstoppable wallet better than a trust wallet ? Also theymos did not mentioned to use the most popular trust wallet  Huh
The problem with trust wallet is that it isn't an open source wallet, and since the warning reads "do not keep your money in online accounts", it will be kind of an irony to recommend a wallet that is owned by one of the "online accounts" we are warning people to take their money away from, because Binance crypto exchange are the owners of trust wallet.
Which wallet is meant by "Trustless here "?
Wallets that the users own and are in control of their private keys.
And how the mobile app is more safer as the chances of getting malware is similar on mobile or desktop ?
I think Theymos' idea there was that since the message is for newbies, they may find a mobile app more convenient, less complicated to use, more accessible and less likely to make a mistake with them for a first timer, not that it is technically safer from malware that can steal funds.
legendary
Activity: 1232
Merit: 1080
Be better asking here https://bitcointalksearch.org/topic/petition-create-a-get-your-funds-out-of-exchanges-in-important-announcements-5420870 because that is where the discussion for it is 'better' is probably going to be debated to as it comes down to personal opinion. If you own the private key and trust the developers behind the wallet software I say keep to what you are used to if you are not using a open source software then you should change.

if not read the FAQ of unstoppable https://unstoppable.money/faq trustless means you own the private key and the software is open source and has been verified by you
hero member
Activity: 2464
Merit: 877
In a message by Theymos Reminder: do not keep your money in online accounts, i  have few questions.

Quote
If you have a large variety of different crypto assets that you need to store, there's Unstoppable wallet

I never use this unstoppable wallet but i use trust wallet. Is unstoppable wallet better than a trust wallet ? Also theymos did not mentioned to use the most popular trust wallet  Huh


Quote
If you have never used your own trustless wallet before, using a mobile app is probably safer than using a desktop app.

Which wallet is meant by "Trustless here "?  And how the mobile app is more safer as the chances of getting malware is similar on mobile or desktop ?
Pages:
Jump to: