Can the hardware wallet companies steal your coins?

Hi,

I was wondering (since there were so many scams with exchanges), could the hardware wallet-makers steal your coins from the wallets they make?

Or, could someone hack into their system and get to your coins?

 

The private keys are never stored on the manufacturers systems.

However, it would be theoretically possible for hackers or a rouge employee to sneak in some malicious code. But the chances of the changes getting into production are extremely low, almost zero.

 

Stick to 'make believe' money that you can keep in a leather wallet, then you will have one less thing to worry about

 

with so many in operation the risk is low, provided you buy directly from the manufacturer.

 

Do you mean the government issued IOU plastic notes? Or real gold?

 

I hope you are not one of those clueless dumb sheeple who think that the one and two-dollar coins contain real gold, willrocks.

Back in the late 1980s, I tried to educate my fellow workmates at the place that I was working at by bringing in some real old-time circulating gold coins,
and explaining to them that what I was holding was real money, and that what they had in their pockets was counterfeit makebelieve money.

This was only a few years after the introduction of the gold-colored one and two-dollar coins.

There was a bit of initial fascination and interest from the crowd until I mentioned to them that the 100-year-old sovereigns that I had on the lunch
table could be purchased for not much more than $100 apiece.

Then their enthusiasm and interest quickly waned as $100 was about the daily wage for us at that place, and none of them wanted to purchase
a gold sovereign at that price.

Their ignorance and stupidity was further reinforced by the old leading hand, who stood up and proudly proclaimed that the gold one and two dollar
coins that he had in his pockets were all the gold that he needed!

Trying to explain to him that the coins in his pocket did not contain any gold was a pointless exercise, as he was not going to accept that he was wrong,
so after that, I stopped trying to educate anyone about real money and just let the fools be.

The above example unfortunately is an all too common example of this country's standard of intelligence, and goes a long way in explaining why most Aussies
are so accepting of tyrannical rules and Despots that have stripped away most of our freedoms.

 

You can be sure I do not believe that.

Even when I was a kid and the first dollar coin came out (1984 I think) I wasn't gullible enough to think that.

 

what does any of this have to do with digital currency?

 

^^^
Oh go and munch on another piece of KFC!

WHAT HAVE THE ENDLESS CRAPTO CURRENCIES THREADS GOT TO DO WITH STACKING PRECIOUS METALS.

 

looking pretty depressed there sitting in a puddle, do you want some crypto love?

 

No thanks, my gluttonous beauty, I prefer real love that only gold can offer, not your fake imaginary currency stuff that you can't even touch or feel or fondle

And I am only depressed at the stupidity of others, not because of my investment choices over the years ( I have enough to live comfortably in retirement )

I don't have a problem with those who got into the cryptos early on and made a pile on selling out, which they then invested wisely into in hard assets.

The problem I have is with all you Johny come lately who seen to think that this Ponzi scheme will continue forever and refuse to leave while you are still ahead,
some of you need a kick up the backside where your brains are to bring you back to reality.

 

The problem you have is with reality and fact checking.
Most of us have been talking crypto on here for 4, 5 years plus....I see your (new) account is from Mar 2020 hardyakkaJohnny.

You don't like nor get crypto...we accept it that you are a simple stubborn ejit, so how about staying in your own lane and avoid the crypto subsection of this forum which you quite clearly have no interest in....and yet continue wading into and unashamedly sharing how ignorant you are.

We dont want hard computer muneez concepts to break your tiny lil mind now do we?

 

no wonder this forum is dying, can the last member turn the lights off when done?

 

One thing all Ponzi schemes have in common is that they need new suckers to enter into the Ponzi scheme all the time for the scam to flourish and return a profit.

While some on here may think that there is an unlimited amount of new suckers on this planet for cryptos scam to continue to go up in value forever, that is definitely not the case.

Everything on this planet is in limited quantities, even the sand grains on the beaches, once you come to the stage of the game where there are a lot more players leaving than entering the crypto playground is when the whole scheme will start to implode on its self.

 

ok champ, can go back to your fancy rock collection now.

 

Makes sense to me. Many SS members are getting PMs for that SHTF scenario, and the same people are probably thinking what else should I have as an insurance policy. So cryptos are an obvious choice along with Real Estate, Prepping and Other Investments, which all happen to be topics on the SS site.

 

Yes, I get all that GoldenEye.

But, my winge is about the necessity of starting a new crypto thread every time someone wants to know some trivial thing about cryptos that is of no interest
to the majority of us stackers on the forum.

Keeping it all to fewer dedicated questions and answer crypto threads on the forum would be appreciated by some of us.

 

No one is forcing you to read those posts, not interested? Move on, simples.

I agree with you though physical assets are tangible hard assets, even if most people don’t see that.

My only advice to you is don’t dismiss crypto (especially Bitcoin) entirely, just be open minded to it. You will see BTC has many of the characteristics of sound money. No one can confiscate it or take it from you, unlike gold or silver. Could be confiscated or stolen from you much easier than BTC.

Don’t be like your old colleagues from the 80s