41–50 of 249 posts
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This is where two factor authentication comes into play. Then you can have something you know (eg password) and something you own (eg phone). I quite like using Google Authenticator for my 2FA.
There are also problems with that: https://news.ycombinator.com/item?id=15068567
As with most things security, people tend to be the weakest link in the chain. This type of issue could be solved in a lot of ways. I think a solution wherein: 1. ICOs use a standard 'escrow' contract wherein ether and coin get held by the contract for 7 days or so before either party can withdraw the opposite pair (where either can back out). 2. Building some standard 'ether address' widget that verifies the type of…
That wouldn't solve this problem. Did you read the article? The ICO investors were tricked.
Cryptocurrency is probably doomed because the makers of cryptocurrencies have a fundamental conceptual disconnect with money: what it is, why it works and what it represents. Money only works when you have a powerful state actor enforcing the legality of the transaction. When you try to escape that, you get at best a parallel system that still goes back to the state for help in keeping functioning or a system prone t…
How to make quick money in 2017: - Create a startup in the blockchain world - Make an ICO to raise money - Get "hacked" - ... - Profit!
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That wouldn't solve this problem. Did you read the article? The ICO investors were tricked.
And how wouldn't it solve the problem? (1) would act as a more safe instrument for sending money to addresses you don't regularly interact with, (2) would attempt to make the address type much more apparent to the user so they don't send to addresses they aren't familiar with.
Another ICO, another scam. I am not sure I feel bad for people who are gullible enough to send their hard earned money to these "companies". They have one PDF whitepaper and a generic Wordpress template website with some buzzwords, based in Cayman islands or some other tax haven for money laundering. And expecting to get rich from that.
I am unconvinced that hard earned money is 'invested' in those companies. The target demographic is not hard working class.
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There are also problems with that: https://news.ycombinator.com/item?id=15068567
That's not Authy/Google Authenticator. That's social engineering their way into getting a persons text messages for SMS 2FA.
I'm sure it's more complicated than that in reality, but if you have SMS access, you only need to find one weak link in the chain including iCloud/google, email provider, app provider, etc.
Another ICO, another scam. I am not sure I feel bad for people who are gullible enough to send their hard earned money to these "companies". They have one PDF whitepaper and a generic Wordpress template website with some buzzwords, based in Cayman islands or some other tax haven for money laundering. And expecting to get rich from that.
I am unconvinced that hard earned money is 'invested' in those companies. The target demographic is not hard working class.
As a Russian proverb goes, "a thief stolen a thief's hat"
I found this : http://kv-journal.su/content/vor-u-vora-ukral
"the thief stole from the thief"
I can't find anything hat related, though I wish I could