Bitcoin Core developer Luke Dashjr has questioned the safety of Bitcoin’s existing storage solutions after depleting more than $4 million in coins from his personal wallet last month.
The programmer suggested that his practices for storing coins were far beyond “standard practice”, but he still succeeded in the robbery.
Is Bitcoin Safe?
On Monday, Dashjr responded to fellow Bitcoin enthusiasts on Twitter. He asked if one day he woke up with $30 million in his bank account, how would other people spend their money?
Some of Bitcoin’s biggest followers, including MicroStrategy’s Executive Chairman Michael Saylor, may advocate a 100% Bitcoin quota. However, Dashjr advocated a (relatively) conservative approach. answeredsuggests real estate as a potentially safer alternative.
December 31st, Dashjr lost According to the developer, the hacker compromised his PGP (Pretty Good Privacy) key. A PGP key is a cryptographic program that provides cryptographic privacy and authentication for sensitive files such as Bitcoin private keys.
A private key is a digital signature required to send Bitcoin transactions from the associated wallet. Most experts recommend keeping your personal keys in “cold storage” completely disconnected from the internet as a surefire way to protect your Bitcoin.
But Dashjr has another suggestion.
“Standard practice is clearly not safe,” he said. “My security went well beyond standard practice, but it was still compromised.”
Developer Claim The address from which his bitcoin was stolen was actually a cold storage address. protected his funds.
Dashjr is still unaware of how his funds were stolen, or at least has not publicly disclosed such details.
Adam Buck – one of the early contributors to Bitcoin, working with Satoshi Nakamoto I believe Dashjr was targeted through his home network and his machine compromised.
Others made harsher criticisms of Dashjr. moon boat They accused him of spreading false information that bitcoins could be easily protected.
“I have a big problem with him saying it is impossible to keep Bitcoin safe,” he said on Twitter. “Paper/Metal Seed Phrases Compromised Home He Don’t Care Networks.”
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