So we need a hardware solution for Burst!

  • In the light of the recent vulnerabilities with the viruses/trojans/botnets/you name it, at the local wallet level, it's more than clear that a hardware solution for burst is needed. What can we do? Shall we contact the people from Trezor, Ledger, Keepkey or other companies and try to convince them to implement burst or there are others approaches we can follow?

  • I know this is not what anyone wants to hear but would building a burst 2 and fixing the problems all together in the system before ever releasing it and then somehow integrating it with the original so no one gets screwed on there time and coin be possible?

    I have absolutely no idea how this works on a tech lvl lol so don't tare me apart for that lol.

  • @vExact Those companies ask for several thounsands of dollars for new hardware wallet development.I do not think this community at this point is ready to give 50k for hardware wallet when we cant even pay our devs properly.

  • @vExact , what would a hardware wallet do that a passphrase on a piece of paper couldn't?

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    @rds I presume the hardware device needs to be present to be able to mine.

  • @haitch ,, that would be tough when you're mining from 2 or 3 accounts/machines.

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    @rds I just looked at my 9 miners and wondered what this sort of solution would cost me ........

  • @haitch said in So we need a hardware solution for Burst!:

    @rds I just looked at my 9 miners and wondered what this sort of solution would cost me ........

    Exactly, I don't like it.

  • @rds & @haitch maybe require a hardware key for over a certain TB threshold say .05% of the total network storage, therefore not precluding a new miner, which would start between 500gb to 20TBish, and figuring out a way to limit a single miner which would diversify the mining & burst.

    just an idea, mining tears idk

  • The wallets have been finicky and tough to use recently... but where has the security truly been an issue with the wallet... other than user error?

    Pools have been compromised (partially by people that HAD access right?), people have been selfish and locked down dev funds they had access to (crowetic and focus). But if there are consistent local/online wallets that work is security really an issue?

  • @burst1 , for the first time in months, I now have 8 local wallet running perfectly on 4 machines. I always ran at least 2 on each machine so when the active one crapped I could swap over to the backup. Haven't had to do that for almost a week now.

  • The hardware wallet for burst is already there and it is called USB memory, as long as the currency is not changed and the only thing necessary to identify yourself is a password I think there is nothing to do

  • Agree that a piece of paper or an offline flash drive with your passphrase in it is a sort of hardware wallet, but: would you use it on a daily basis? the answer is no. We use them more for security reasons and store value, but if you are an asset issuer or an asset trader, or you use to send funds back and forth to an exchange and you happen to have some considerable funds, then you could be screwed, be it due to a human mistake or a trojan, as it sadly happen to haitch, someone with I am sure is more versed in IT than many of us... I didn't know though about what @Ip85 mentioned, that these companies use to charge those amounts of money. Sad indeed 😞

  • @haitch @rds I guess the wallet device would need to be present to mine if you are solo mining, otherwise if you are in a pool you don't need it after reward assignment is done.

  • A wallet of bitcoin hardware is like having a laptop disconnected from the network, the only thing the hardaware created for it is smaller and it is easier to take it from one place to another.
    When you create a bitcoin purse you can only use it where you created it or in local or online, unless you import the private keys, this does not happen with burst you can enter the password from any wallet.
    Another thing that differentiates burst from bitcoin, is that burst brings a built-in server and bitcoin not, so the online bitcoin wallets can apply different security systems, but they apply it to the script not to the purse itself and it is the same That make the wallets by hardware.

    In burst is not so, with the same password you can enter all wallets

  • @Energy it's basically the same, at the private key level, for burst private keys are the passphrasses. The security lies in the fact that private keys are generated within the device and never leave the device itself when a transaction is broadcasted, unless you export them on purpose from the hardware wallet to your computer...

  • @vExact It is not the same, at least with the currency as it is now, you either want or you do not have to have a password to enter your account or to make transactions.
    Let's put in the case that the password is encrypted and you do not even have access to it, because if you have access to the password using a usb or a tablet would be the same, but if you do not have access that happens in case of loss or failure On the device ??? You lose everything.

    Bitcoin and burst are not at all like

  • IP85 mentions payment of the developers.

    I suppose I'm a bit cynical, having only recently 'realised' the potential for cryto-currencies, and so now it almost seems too late. The mines are empty and the greater populace are foraging for scraps...

    Am I wrong here? I thought that the general idea is that some originators get together, make a new currency and then mine a few million for themselves, and then release the coin. Then everyone talks about 'community' involvement, so the originators can then reap profits while 'community developers' develop interfaces, mostly as an investment, rewarded by adoption of the currency.

    Is there ever full-disclosure on coins held by the coin-releasers?