How to hard-fork to save most users' funds in a quantum emergency

Дата публикации: 28-02-2025 08:33:36

I hope the recent Bybit’s $1.5 billion hack will be an additional security lesson that there is absolutely NO trusted 3rd-party wallet that can really be safe. Not Ledger, not Trezor, not Tangem, not Safe, and not any other brand that anyone can name. Every transaction needs to be strictly from offline signing. And if the major industry players truly care, then security must be built around the security-over-convenience thesis, instead of around the stupid pretense of catering to user-friendliness. Therefore, future blockchain infrastructure should also be built as such, instead of having even an iota of reliance on some trusted 3rd-party, no matter how trusted that 3rd-party you think is, for any transaction. Dependence on any hardware wallet/device is a form of reliance on some 3rd-party, and this will open up the potential for hacks.
Almost everyone (99.99%) keep saying using hardware wallet is the safest, but it actually is not. The Safe wallet that got hacked in order to get to Bybit’s $1.5 billion is a fine example of that. Hardware wallet is NOT the safest. You may name whatever the brand for being the safest, but they are just taking turns to get hacked. Do not use quantum computing, or user-friendliness, or any other stupid and lame excuses to end up building a weaker blockchain security structure.
Air-gapped and strictly offline-generated signed messages for online broadcast (as well as for cold storage), independent of any 3rd-party hardware device, is the ultimate security. “Not your keys, not your coins” is widely spoken but almost nobody truly understands it entirely. If you do NOT know your private keys (maybe because someone told you are not supposed to because you pose a huge security risk, even though you are the owner), then you do not really own your coins. Just the same as if you have never seen your wife nor touched her, then you cannot claim that woman is your wife.

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