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0 pointsSeoxyS12y ago0 comments

A cloud wallet in and of itself is not a bad idea; it just needs to be secured appropriately. Multi-sig support is probably key here. You could have the best of both convenience and security with a 2-of-3 setup, where you keep one key in cold storage, one in a native app on your devices, and one with the cloud provider.

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3 comments · 1 top-level

jafaku12y ago· 2 in thread

The problem with that is that the app on your device is usually developed by the same entity, meaning they could take your key and steal your coins.

What we need is to decouple the online service from the app on your device. Maybe someone could develop a secure app with a nice API or protocol that users can securely connect to 3rd party services without fearing that the key in their device could be stolen.

SeoxySOP12y ago

Yes, that's a fair point. I agree with you.

PS: Ugh, not sure what I said that was so controversial. Always annoying to get downvoted for no reason. Oh HN.

jafaku12y ago

Nothing, we are all being downvoted. I guess it's the usual Bitcoin haters.

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