Happening is. Prove me wrong
(twitter.com)
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (69)
sorted by:
So what if someone's bitcoin account info is stored in something like this? Does all your internet money get lost forever?
You wouldn't store your wallet on an OVH host if you had one, that would be crazy as with every provider, there are hardware wallets much safer that at worse you can put in a bank safe
bank safes can be confiscated by the government
Not if those are in a financial paradise (Tax Heavens) ex Swiss, either they fuck off the underground of the bank and pull out everything, but i highly doubt someone would attempt that there, people specially 'important' figures, tend to hide skeletons there... in particular, paper skeletons if you know what i mean
Ok, a wallet? So you keep all the information on your end? I know nothing about them.... lol. But thank you :)
Bitcoins don't disappear, but your keys to access them could be lost if that was the only place you had your wallet saved.
Likewise, you can have your wallet keys locked up at Fort Knox, but if I get a copy of them I can take them. Think of them as a key to your house. If everyone has a copy it's not very secure, but if you're the only one holding the key you had better not lose it because it is a LOT more secure.
Is a 'key' just a password? What is the wallet, is it an app that you download on your computer?
I recommend taking 5 minutes and watching a bitcoin for beginners video on youtube or anywhere on the internet.