Topic: Unstoppable wallet {User experiences} - page 5. (Read 2894 times)

These ideas of an attacker and decoy wallets becomes quite complicated for regular people and even for people who are just trying to be practical and spend their bitcoin in various ways having some hot wallets and some cold wallets, but sometimes moving coins from hot wallets to cold wallets and sometimes the other way around, and surely maybe there are ways to mix coins and to make the decoy wallets seem more plausible, but how much time do we want to be spending on the matters of making our decoys more and more plausible. 

For example, we go through various efforts to make our decoys plausible, and then if it ends up that the attacker happens to have information about 3 out of 10 of our wallets, and we give him our decoy wallet #6, then at that point s/he has information about 4 out of 10 of our wallets... and we might not even know, until we are being beaten with the $5 wrench, about which wallets s/he has information and which ones not...and if we are being beaten, our thinking might not be as clear as we wished as it would have been under such scenario.

Surely one of the best defenses may well to be attempting to not be telling the whole world about our bitcoin wallets, and so if we are interacting and transacting, there may be ways to get used to rotating through hot wallets and decoy wallets so that there are no real ways for the attacker to really know about the other ones that may or may not exist, and so yeah, how persistent is s/he and is s/he trying to get us to give over bitcoin that we don't have.. but s/he has "good reasons" to believe that we might have more than what we are proclaiming to have during the waterboarding process.

Sure, but in that case, why go through the trouble of creating multiple dummy wallets to protect small sums of money if you are already holding something insignificant there, and your priority should gravitate more towards usability and quick access instead of multiple security layers, hidden wallets, and such!? 

We're talking about hot wallets here, $50 is acceptable but I wouldn't want a lot in it anyway.

Why just 5? How about 10? Hit him until you get all 10. We will then switch our focus to the other kneecap and ask him about his multi-sig setups and cold wallets. There are surely at least 5 of those.
Joking aside, if the attackers are that persistent, it doesn't matter how strong your security is because your health and that of your family is the priority.

The attackers should never know about the existence of multiple wallets, meaning you shouldn't have told anyone about it. If you go through the trouble of setting them up, then they should contain a sum that is worth protecting. Obviously, if they unlock it to find $50 inside, they will know there must be something else.   

They should consider adding the  Peacemaker into their next upgrade package to counter the threat of a $5 wrench attack.



Banter aside, I would add  into wallet  something like a panic combination (which resembles a password) for sending a location-aware GPS alarm to relevant security service when user faces a $5 wrench.

That surely could be one of the factors about $5 wrench attacks coming from a private party or maybe even from an institution or a state.  The attacker might believe that they have uncontroversial information about the existence of 5 wallets, when ONLY three exist, so no matter what the BTC HODLer strives to achieve, he may well find himself in an impossible situation in which he is likely going to get beaten over and over and over based on the wannabe know-it-all's wrong information.

"We'll just keep hitting him with a $5 wrench until he shares at least 5 wallets!".

It has been 5 days ago, but I have just known about the new update today, Unstoppable wallet version 0.36.0

What is added in the update:

1. Security enhancements: Auto-Lock, Random Numpad and Duress Mode.
2. Full app backup, means users would be able to backup not just individual wallets but the entire app with an option to include or exclude desired wallets. Read more about it.
3. Zcash upgrade
4. AI-genersated project descriptions. Read more about it
5. Other fixes: updated Unstoppable Domains SDK, updated 1inch API, redesigned app Status screen, performance improvements, UI improvements in various places

What I like more about this upgrade is the Duress Mode. I have only noticed something like this on Bluewallet before, in a way you can have a fake wallet if you enter the fake wallet password and the real wallet will not be seen (no wallet is fake but I think you understand what I mean). Duress mode on Unstoppable wallet makes this possible, and you can set different password for your different wallet to be only seen.

Assuming I am having wallet 1, 2 and 3.
My password is 12345
I set duress wallet 1 password as 11111
Duress wallet 2 password as 22222
Maybe wallet 3 is having just little amount of coins (fake wallet). Not fake wallet but I think you understand what I am implying. And the duress password is 33333

Password 12345 will let you see the whole wallet (1, 2 and 3) as usual as it was
Password 11111 will only let you see wallet 1
Password 22222 will only let you see wallet 2
Password 33333 will only let you see wallet 3

I think this is good. I use weak password for illustrating it, not recommended. Use better passwords.

At the same time, CoinGecko shows a total number of only 10.4k coins and tokens. I am guessing CMC counts one token available on multiple blockchains several times. For instance, tether is a token you can find all over the place, so CMC will say there are 7 tether tokens (or whatever number of blockchains they can be found on). They might do the same for all wrapped, liquid, or 2nd-layer assets. 

New projects are modernized ponzi schemes. Some failed from the beginning. Some remain as shitcoins, become old and still fail.

I thought I was not understanding what Pmalek posted until I went to Coinmarketcap site to confirm it and I saw 1.8 million plus cryptocurrencies. Although, on the app, I saw 26923 cryptocurrencies. Both are lies.

Interesting! I never noticed that. CMC indeed shows "1.8M+" in the top-left corner. But if I scroll down and go to page 89, there are "only" 8884, and none of them show anything under "Volume (24h)".
It looks like they're trying to impress gullible users by breaking the record. Just like phone screen protectors: it started with "2.5D", then went up to 3D, 4D, 5D, 9D, 10D, 12D, 100D, 999D, 10000D, 30000D, 50000D and 999999D. The marketing BS has reached ridiculous levels

Yeah, that is true. Considering how common it is for shitcoin projects to fail or be abandoned by their development teams, I reckon that happens regularly.