151–160 of 297 posts
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Yeah, it's definitely not ready. I agree with everything you are saying. Though, the industry is aware of this and working on it. There is at least one company (Chia Network) where the on-chain language (ChiaLisp) is both capable and secure enough to allow for the sort of management needed to allow for self-custody to happen in a safe, sane manner. GUIs for this sort of thing aren't ready for the general public yet,…
It isn't a software problem.
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Do you also consider Bitcoin a pyramid scheme?
No, I don't. But Bitcoin also isn't particularly interesting because it's not (very) programmable and not useful for mainstream use anyway. I don't consider Ethereum itself a pyramid scheme, just useless. The protocols on top of these chains though, nearly all pyramid schemes. The best way to describe Ethereum is that it provides a platform for pyramid schemes.
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From a prior thread that didn’t get any constructive engagement: https://news.ycombinator.com/item?id=39205762 Essentially Ethereum can be used to codify financial contracts in order to provide a level of trust where one does not otherwise exist.
> You could wire together a group of houses or neighborhoods with generators and batteries and make the electric company redundant by establishing contracts which buy and sell electricity between participants at rates which adjust in response to demand, forecast, and each battery’s reserves. how would you handle spoofing? e.g. whatever data source you use to figure out how much energy I'm generating, I just put fake…
The only party requiring trust us the one managing the database.
Wirks pretty well in the real world.
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It isn't a software problem.
What is it?
Passwords, credentials and other high-risk high value intangible data are not associated with high-risk high-value AND our memory is not designed for random junk.
Maybe an anthropologist can study this phenomenon further.
We already have hints of that: our memory has evolved for thousands year to easily memorize places and spatial navigation, in thr past for food, water and danger. Today you go in a foreign place, just one visit and you know where everything is. At the same time, people can usually hold only ~7 concepts/numbers/objects in their head.
In memory competitions people leverage our spatial prowess with a technique called the memory palace, that was already used in ancient Greece and Roman Empire to recall anything, from bard tales to the Iliad and Odysseus.
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Ah yeah clearly not ready in fact neither is traditional finance: https://www.aura.com/learn/i-got-scammed-on-venmo-what-do-i-... https://help.venmo.com/hc/en-us/articles/235171088-Cancel-Pa... A fool and their money..
Do you not see the difference between a Venmo transaction and Bitcoin transaction? With Bitcoin, a small mistake or oversight and you money is gone, and unrecoverable. So you can point and laugh at people getting scammed on Venmo, but you need "normies" to adopt BTC.
- Principle of least privilege.
- Zero Trust.
- Compartmentation.
- Hardened Operating Systems with no malware and strong endpoint defense.
- Firewalls that whitelist only your IP and disavow everything else.
- 2FA/MFA/Biometrics auth for everything.
- Defense in Depth.
- Use crytography tools vetted from the community surrounding it, and use tools which are battle hardened.
Modern computing is very leaky and every node is malicious. You need extreme vigilance to safeguard crypto.
Are people up to the task of doing all this?
I'm asking because I lost crypto before, and now I'm more resilient and have better security posture.
What I don't get about the Snap store is why there's no verified link back to a website? If you have the technical ability to create an app, you probably have the ability to upload something to /.well-known/ or to add a DNS TXT record. That way the Snap store could say "This app came from this website." OK, it doesn't help if someone goes to the trouble of registering a homograph address, but it would at least give n…
DNS isn't quite as adversary resistant as the crypto space likes to have things. I'm not sure what Bitcoiner's preference would be exactly, but I'm sure they've got something involving signed wallet hashes published on the chain. The hard part, as with anywhere else, is getting users to check it.
The point being - you should know when you want to access certain services so you switch on this mode, not allowing normal DNS name jacking or the like.
Sorta like privacy mode but for dapps/"web3"
Just random musings
https://www.exchangerate-api.com/ isn't related to crypto, and it's probably also a fake website.
http[://]example.com
The operational security measures one has to take these days to secure crypto is insane. You have to build your own mini intelligence agency just to protect your digital crypto assets. You have to do: - Principle of least privilege. - Zero Trust. - Compartmentation. - Hardened Operating Systems with no malware and strong endpoint defense. - Firewalls that whitelist only your IP and disavow everything else. - 2FA/MFA/…
1. Make a paper wallet, laminate it, put it in a safe location or maybe two
2. Use any exchange and send the coins to the wallet. Never leave any coins on the exchange
When you want to get them out again, this is the safest approach:
1. Boot Tails from USB
2. Enter your private key in Electrum (it's preinstalled in Tails)
3. Send to exchange and convert to fiat
If you want to do daytrading it's a whole other story