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by Max_aaa 1722 days ago
Cold storage just means that you key is kept offline, but the whole system is on the internet. The central part of crypto is the blockchain, which holds all your assets.

So if someone is able to guess your key, or just happen to find it, or if the encryption has been defeated by a leap in computing or algorithms, they will have access to your crypto without needing to access your key.

1 comments

First off no one is guessing your key, do the math, it's ridiculously impossible. Secondly if someone finds your key that's your problem, its the same as any real life key, it's not magic. 3rdly no leap in computing, even quantum is going to change the fact that no one is guessing your keys. And bitcoin does not require the internet, it only needs to communicate with other nodes, there is even a blockstream satellite you can use right now without internet access. This level is technical ignorance is pretty astounding.