Archived Security through the greatest obscurity of all - The person who knew the passwords died (arstechnica.com)
submitted ago by Kannibal
Posted by: Kannibal
Posting time: 1.8 years ago on
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Archived on: 5/4/2019 10:00:00 AM
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Archived Security through the greatest obscurity of all - The person who knew the passwords died (arstechnica.com)
submitted ago by Kannibal
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[–] ShinyVoater 0 points 1 point 1 point (+1|-0) ago
Why do people leave coins on an exchange? Unless you're actively trading, there's not much of a reason to.
[–] sbt2160p ago
No one wants to run a client on their own system, update it, wait for a gigabyte of blockchain to synchronize, and have personal responsibility for securing it. Kind of like how most people don't run their own web servers anymore.
[–] ShinyVoater 0 points 2 points 2 points (+2|-0) ago
Cryptocurrencies are owned by addresses. You don't need a local client that knows the entire blockchain to keep an address not controlled by the exchange(the so-called "light wallet").