RE: Can You Solve This Impossible Problem Of Crypto Security?

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Can You Solve This Impossible Problem Of Crypto Security?

in cryptocurrency •  6 years ago 

The only analogy in my mind is storing of physical gold. The same questions arise when analyzing the trust and storage question. At some point either you assume all the risk or you must trust someone.

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Physical gold or bearer bonds are similar but slightly different (more secureable) - a person only needs to have temporary access to your phrase then they can recreate it outside the storage environment. In many ways, the seed information is far more sensitive than something you must physically transport/exchange/transact.