Keystone crypto wallet

I agree, Keystone would be probably my second choice however compered to Trezor it's way less convenient for travelers

just in case you guys missed the release of the new Trezor device Trezor Safe 7 | Hardware Wallet with TROPIC01 Secure Element

void said:

just in case you guys missed the release of the new Trezor device Trezor Safe 7 | Hardware Wallet with TROPIC01 Secure Element

Is it worth buying it to replace the original Trezor mk1?

Marty McFly said:

Is it worth buying it to replace the original Trezor mk1?

depends... how much you hold, what do you do with your coins, what is your risk profile and threat model, how technical/advanced user you are... I'm afraid there is no straight answer without more info

void said:

depends... how much you hold, what do you do with your coins, what is your risk profile and threat model, how technical/advanced user you are... I'm afraid there is no straight answer without more info

I use it just to hold some btc, forever or until I need to sell them for something I need.
I’m not facing any particular risk, AFAIK. I guess the same risk that everyone faces: confiscation by the authorities and robbery by thieves (which is the same as the former).
I can assemble a pc but I don’t do programming.

How are Satoshi and the old hodlers keeping their btc? Paper wallets?

Marty McFly said:

I use it just to hold some btc,

I didn't mean the exact number but let say portion of your assets (i.e. importance and potential impact of the loss on your wealth) ;)

Marty McFly said:

forever or until I need to sell them for something I need.
I’m not facing any particular risk, AFAIK. I guess the same risk that everyone faces: confiscation by the authorities and robbery by thieves (which is the same as the former).
I can assemble a pc but I don’t do programming.

trezor one (and also model T) doesn't have a secure element which means that your seed stored in the device is vulnerable (it's not easy to extract but doable) - hence use of additional passphrase (the variable length 13th or 21st word) is a necessity

trezor one also doesn't support shamir backup (private key split to multiple share with configurable quorum) which is another considerable reason

trezor 7 might be an overkill but in my opinion far the best and most trustworthy hw wallet available these days
you can freely ignore the quantum-ready marketing which is mostly bullshit but the rest of the features makes it a great choice despite the rather high price

it's missing basically the only thing that some might require which is an air-gapped interface - for me it's mostly fetish that basically nobody needs, especially if the user knows what he is doing and where... not mentioning the challenges when it comes to hardware and software design implications

void said:

it's missing basically the only thing that some might require which is an air-gapped interface - for me it's mostly fetish that basically nobody needs, especially if the user knows what he is doing and where... not mentioning the challenges when it comes to hardware and software design implications

How can you use it for signing if the device is air gapped?

Marty McFly said:

How can you use it for signing if the device is air gapped?

typical solution is integrated camera to scan QR codes to transfer chunks of data back and forth

alternatively NFC or sdcard can be used

clearly this has an impact on convenience, usability and technical solution (ergo price of the device)

void said:

typical solution is integrated camera to scan QR codes to transfer chunks of data back and forth

too cumbersome and doesn't sound safe: the screen or OS compromise can lie about contents.

void said:

alternatively NFC or sdcard can be used

a device with NFC is not airgapped

void said:

clearly this has an impact on convenience, usability and technical solution (ergo price of the device)

a small removable key, rewritten for every transaction, could be used to sign.

JohnnyDoe said:

too cumbersome and doesn't sound safe: the screen or OS compromise can lie about contents.

yes, it can

JohnnyDoe said:

a device with NFC is not airgapped

agreed

JohnnyDoe said:

a small removable key, rewritten for every transaction, could be used to sign.

that's what I meant by "sdcard"

I'm not advocating for air-gapped wallets... just answering the question

void said:

that's what I meant by "sdcard"

I'm not advocating for air-gapped wallets... just answering the question

It could be a removable NFC key that is rewritten for every transaction. Possibly made of transparent plastic so you can see that it only hosts a NFC chip.

beginner level intro/comparison of hw wallets in the first half of this video... just in case anybody can appreciate this form

This might sound a bit strange, but why do you guys opt for hw wallets?

I understand the portability and convenience side of it, but you could create your own hardware wallet out of any computer really. Have it encrypted and air-gapped yourself.

It might be stupid what I am saying. But I personally do not see the point of these devices.

Joe Grand - Hacking Trezor Wallets
Ledger Finds Implants meant to steal crypto
Cold Card 116 million stolen

OneWatchClocked said:

This might sound a bit strange, but why do you guys opt for hw wallets?

I understand the portability and convenience side of it, but you could create your own hardware wallet out of any computer really. Have it encrypted and air-gapped yourself.

It might be stupid what I am saying. But I personally do not see the point of these devices.

I think each method has its own pros and cons.
I use both. My reasoning was that a well hidden Trezor would be harder to steal than a computer.
Reality proved rather amusing. During one of their raids, an LE gang spent about 10 hours searching my property, which is considerably more effort than your average thief would put in, and eventually found some of my Trezors.

Meanwhile, they completely overlooked the computer I use as a hardware wallet, having mistaken it for a monitor.

The best security feature is human stupidity.

JohnnyDoe said:

I think each method has its own pros and cons.
I use both. My reasoning was that a well hidden Trezor would be harder to steal than a computer.
Reality proved rather amusing. During one of their raids, an LE gang spent about 10 hours searching my property, which is considerably more effort than your average thief would put in, and eventually found some of my Trezors.

Meanwhile, they completely overlooked the computer I use as a hardware wallet, having mistaken it for a monitor.

The best security feature is human stupidity.

Just leave them at your family next time, they will never look in the cookie jar.

OneWatchClocked said:

Just leave them at your family next time, they will never look in the cookie jar.

They even dismantled the power sockets and tested all the creams and foams 🤦‍♂️

JohnnyDoe said:

They even dismantled the power sockets and tested all the creams and foams 🤦‍♂️

No way that is insanity

Did they fix it up after?