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by jrm4
1396 days ago
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For all of its warts, at least crypto has managed to come up with a clever little motto that correctly states the issue, in the form of "not your keys, not your crypto." Putting your passwords in the hands of a third party drastically increases your threat surface and no amount of hand-wavy "but it's not as convenient" will change this fact. Now, it may be true that the convenience factor is very strong right now, but the solution will never be "let's keep hoping real hard that the third parties are good at this." Not unless any of the third parties are willing to take on indemnification or liability. The proper thing to do is to figure out how we can best empower people on their own. I know it's difficult, but that doesn't fundamentally cut into the fact that "this is what SHOULD be done." |
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Even on this point I have to disagree because that's precisely what 2FA is for. Even if LastPass (or Bitwarden in my case) stole my vault's password and posted my credentials on pastebin, no one could log into any of my 2FA protected accounts. (Ironically this account on HN is one of the few that doesn't support 2FA. Oh no my internet points!)
"not your keys, not your coins" may apply in the cutthroat 2FA-less decentralized world of cryptocurrencies, but most of the rest of the world has much more nuanced threat models.