BitShares Forum
Main => General Discussion => Topic started by: Permie on March 26, 2017, 02:19:37 pm
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I read a rumour last year that 'Moonstone' (is it finished yet?) was working on enabling Trezor support with their wallet.
BTS needs to persuade crypto-traders who currently use centralized exchanges (potential bts customers) to trade large sums of money using the DEX.
When a simple key-logger could steal their funds irreversibly it's a pretty hard sell.
If you have to enter your super-secret password on a possibly compromised computer, are you going to trust it to trade $10,000's of value?
Could the reason for low liquidity/trading activity on the DEX be due to the perceived risk of keylogger theft?
@JonnyBitcoin made a video in 2015 about using the Trezor with an adroid phone, but that was for bitcoin. Not bitshares.
https://www.youtube.com/watch?v=g5lwtqsMoAI
Could this android app be modded to work with an android bitshares wallet?
Is there desktop computer Windows support to use trezor with bitshares?
EDIT: I found a steemit post talking about the Trezor Hackathon where @xeroc and @svk developed Trezor integration for Steem.
https://steemit.com/steem/@svk/trezor-hackathon-putting-steem-on-the-trezor
Does it work for BitShares?
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I read a rumour last year that 'Moonstone' (is it finished yet?) was working on enabling Trezor support with their wallet.
BTS needs to persuade crypto-traders who currently use centralized exchanges (potential bts customers) to trade large sums of money using the DEX.
When a simple key-logger could steal their funds irreversibly it's a pretty hard sell.
If you have to enter your super-secret password on a possibly compromised computer, are you going to trust it to trade $10,000's of value?
Could the reason for low liquidity/trading activity on the DEX be due to the perceived risk of keylogger theft?
@JonnyBitcoin made a video in 2015 about using the Trezor with an adroid phone, but that was for bitcoin. Not bitshares.
https://www.youtube.com/watch?v=g5lwtqsMoAI
Could this android app be modded to work with an android bitshares wallet?
Is there desktop computer Windows support to use trezor with bitshares?
EDIT: I found a steemit post talking about the Trezor Hackathon where @xeroc and @svk developed Trezor integration for Steem.
https://steemit.com/steem/@svk/trezor-hackathon-putting-steem-on-the-trezor
Does it work for BitShares?
I believe this is one of the main reasons BTS hasn't caught on. You are completely correct that a key logger or forgotten password are bigger concerns to typical traders/investors than a MT.Gox scenario. 99% of people trust their banks/brokers for fraud and password forgetting protection. I doubt that will change anytime soon, and if it does there will be much bigger problems in the world to worry about other than Crypto.
Can you imagine telling people unfamiliar with crypto "Well if you lose your password or don't backup your wallet and clear your browser, all your money is gone. Oh and make sure there is not malware on your cpu, because it might also steal your password and transfer your funds. But look on the bright side, You will never lose your funds because of a bankruptcy... Well as long as your funds are in a MPA and not a UIA. You could still lose all your funds if they are in a UIA..."
What do you think the reaction would be??? Most likely "I think I will stick with my broker/bank that is federally insured, offers fraud protection, and access to my account if I lose my password".
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Good point @lil_jay890. For the average, non-self reliant, authority seeking, sheeple that shy away from personal responsibility ALL digital currency projects are risky compared to mainstream institutions. It takes time for the tech to mature, for people's fear to reach a point they feel less safe continuing to trust in mainstream / status quo institutions than in the emerging alternatives such as digital currencies. They need to get educated on 1) the weaknesses of the existing money system, 2) what is digital currency, it's strengths & weaknesses.
Trying to reach a mainstream audience and convincing them crypto is safer is a huge burden to undertake as you pointed out at this stage of evolution. We need to come up with a plan to break all of those challenges into smaller, manageable pieces and work on them in parallel to the extent possible. The "working on them in parallel" is going on (look at all of the crypto projects out there) but there is no overall plan or coordinated effort among them; each project is working to achieve their own goals independently, and that is natural and as it should be. May the best effort as evaluated by the free market be successful.
Planing within the BitShares ecosystem is another matter. There isn't much. We need a project roadmap with explicit goals, both short term AND long term, both pointing to increasing adoption, marketcap and shareholder ROI, doing so by providing greater and greater utility. We have a lot of functionality but not so much utility. Some of that is due to lagging documentation and the difficulty of getting up to speed on how to use BitShares. Ease of use is steadily improving, as are the docs and tools that make it easier to put BitShares to use. We definitely need a plan to get the word out.
Oh and as for fears concerning keyloggers, that is a threat to everyone whether they know it or not. They can compromise the security of everything, including mainstream infrastructure. How many people use "Internet Banking" thru mainstream institutions? It's not just a threat to crypto projects.
When I think about the average person's knowledge of computer tech and contrast it with what even I know is possible, the gap is monsterous. That gap represents how advanced tech is over people's ability to use it to help themselves AND society at large, between technology and psychological maturity. The public are young children in adult bodies so to speak. Their knowledge is immature compared with the maturity of the tools at their disposal.
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Oh and as for fears concerning keyloggers, that is a threat to everyone whether they know it or not. They can compromise the security of everything, including mainstream infrastructure. How many people use "Internet Banking" thru mainstream institutions? It's not just a threat to crypto projects.
Most if not all banks in the UK use a hardware card-reader to prevent keylogger fraud.
http://l7.alamy.com/zooms/50a863c682d2454b936e601ff6d6c225/natwest-bank-personal-card-reader-by2ba7.jpg
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I read a rumour last year that 'Moonstone' (is it finished yet?) was working on enabling Trezor support with their wallet.
BTS needs to persuade crypto-traders who currently use centralized exchanges (potential bts customers) to trade large sums of money using the DEX.
When a simple key-logger could steal their funds irreversibly it's a pretty hard sell.
If you have to enter your super-secret password on a possibly compromised computer, are you going to trust it to trade $10,000's of value?
Could the reason for low liquidity/trading activity on the DEX be due to the perceived risk of keylogger theft?
@JonnyBitcoin made a video in 2015 about using the Trezor with an adroid phone, but that was for bitcoin. Not bitshares.
https://www.youtube.com/watch?v=g5lwtqsMoAI
Could this android app be modded to work with an android bitshares wallet?
Is there desktop computer Windows support to use trezor with bitshares?
EDIT: I found a steemit post talking about the Trezor Hackathon where @xeroc and @svk developed Trezor integration for Steem.
https://steemit.com/steem/@svk/trezor-hackathon-putting-steem-on-the-trezor
Does it work for BitShares?
I believe this is one of the main reasons BTS hasn't caught on. You are completely correct that a key logger or forgotten password are bigger concerns to typical traders/investors than a MT.Gox scenario. 99% of people trust their banks/brokers for fraud and password forgetting protection. I doubt that will change anytime soon, and if it does there will be much bigger problems in the world to worry about other than Crypto.
Can you imagine telling people unfamiliar with crypto "Well if you lose your password or don't backup your wallet and clear your browser, all your money is gone. Oh and make sure there is not malware on your cpu, because it might also steal your password and transfer your funds. But look on the bright side, You will never lose your funds because of a bankruptcy... Well as long as your funds are in a MPA and not a UIA. You could still lose all your funds if they are in a UIA..."
What do you think the reaction would be??? Most likely "I think I will stick with my broker/bank that is federally insured, offers fraud protection, and access to my account if I lose my password".
+5%
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Is there any update on Trezor or Ledger Wallet support for BTS?
For me, hardware wallet support is the single most important feature to have
Sent from my iPhone using Tapatalk
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So whats the consensus here? I actually feel safer with BTS on polo that trusting myself not to lose my password. Lol.
And I DONT trust Polo.
I asked about hardware wallets. Someone said to use the desktop client, but it was confusing as hell.
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trezor can work with BTS. just find a developer and maintain it
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So whats the consensus here? I actually feel safer with BTS on polo that trusting myself not to lose my password. Lol.
And I DONT trust Polo.
I asked about hardware wallets. Someone said to use the desktop client, but it was confusing as hell.
The desktop client is a good version to protect your private keys on your own laptop. Always remember to make backups of your 3 private keys (active, owner, memo).
There is also the option use Paperwallets for BitShares. http://paperwallet.bitshares.eu/
Right now we have one community member Brandon who is working on a Trezor integration based on the work of Xeroc and SVK.
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Right now we have one community member Brandon who is working on a Trezor integration based on the work of Xeroc and SVK.
This is excellent news. Is there a rough timescale and how can we support its development? BTS on a Trezor would increase my BTS investment by about a magnitude
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http://bit.ly/2sKjijb
KenCode is back
Trezor support is on his to-do list
Hopefully Trezor Support is on its way :D
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See this post about Trezor "Password" support. Effectively protect your bitshares account in this way.
https://bitsharestalk.org/index.php/topic,25043.msg311272.html#msg311272
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See this post about Trezor "Password" support. Effectively protect your bitshares account in this way.
https://bitsharestalk.org/index.php/topic,25043.msg311272.html#msg311272
it's the same as any other password manager. it does not protect your keys, which is the point of trezor integration
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See this post about Trezor "Password" support. Effectively protect your bitshares account in this way.
https://bitsharestalk.org/index.php/topic,25043.msg311272.html#msg311272
it's the same as any other password manager. it does not protect your keys, which is the point of trezor integration
Can't wait for proper trezor...