|
|
|
|
|
by sedatk
1318 days ago
|
|
This is one the main problems with our approach to information security: we disproportionately prioritize protection of our data against theft/law enforcement/rogue bigtech employee over losing it in any other way. That's why many have lost their thousands of bitcoins, because they secured their keys so hard against theft that their data has eventually become unrecoverable despite that there'd be no thief, officer, rogue employee perhaps for a decade. People who advise not using cloud for backups, suggesting cold wallets and whatnot as blanket advice have been harmful by giving way to the orders of magnitude more likely but the catastrophic scenario that is simple data loss. Some people bash on Microsoft for backing up your drive encryption keys in the cloud for example, but it's the most common failure mode they're trying to address. No thief would access your cloud, no state-level actor would be deterred by lack of cloud (see: xkcd wrench), no rogue employee could make use of your hard drive encryption keys. Get your priorities based on your threat model, and get your threat model right, people. |
|
However I do agree that "going alone" with security can make us the victim of our own fragility. I can see this happening in the new blockchain world of decentralisation. If I lose my Bitcoin wallet or lose the password, who can I speak with to validate my identity? Nobody. Currently, I can go to the Bank and validate myself with other forms of ID to access my account, but with Bitcoin it's all on me. Imagine losing your entire life savings because you forgot your password or access to your email account.
This is where centralising certain things works for the overwhelming majority of the population. That's not to say that those systems work perfectly, but they are vetted and have laws and regulations to protect us.