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General Crypto Security Advice #422

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General Crypto Security Advice #422

General Crypto Security Advice #422
https://www.dash.org/forum/threads/general-crypto-security-advice-422.15393/

 

In all cryptos (not only Dash BUT all others too) you NEED to secure your password/Seed /.... yourself !

Be your Own Bank
sounds great and tempting to all - but - you have to consider the responsibility (passwords/ Privatekeys/ Encryption/ Seeds/...) which is now in your hands ONLY !
You need to secure your passwords - nobody else will / should do this for you - if somebody else does it they have a great chance in stealing all your funds !

The biggest problem in the crypto space as of now - is users losing (or forgetting) their passwords 

So - please use a Password Manager !
- What is a Password Manager:
https://en.wikipedia.org/wiki/Password_manager
- Recommendation:
https://www.keepassx.org
- How does KeePassX work

https://youtu.be/x1dIWj3xFak

 

Do NOT use Webbased Password managers as they store your passwords on a centralised server and eventually will be hacked - and u can buy back your own passwords on The DN ; )

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Bitcoin is not reliable because if you forget the password from your electronic wallet, you will lose all the money!

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On 6/19/2017 at 8:03 PM, olivia.nelson said:

 

Bitcoin is not reliable because if you forget the password from your electronic wallet, you will lose all the money!

 

that has nothing to do with reliability !

this is user responsibility - hence - OP

Jimmy likes this

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On 19.06.2017 at 3:03 PM, olivia.nelson said:

 

Bitcoin is not reliable because if you forget the password from your electronic wallet, you will lose all the money!

Yup, but it depends on which bank u are saving it

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