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Security

The biggest obstacle I can see that might block mass cryptocurrency adoption

Edmond Chan · Sep 2, 2017 · Leave a Comment

Following on from the last post about testing Exodus wallet, yesterday (1st September 2017) I went onto their Slack channel (exodusmovement.slack.com) to find out more about their product. There was a guy on there called @rhyso who claimed to have lost 2 BTC and some other coin totalling USD 12,000. Ouch. He seemed genuine and he was blaming Exodus for creating an alleged security flaw. In a nutshell, by Exodus sending a link for restoring your wallet to your email, this could have given hackers a way into your Exodus wallet. As at today, I don’t think this has been resolved and I don’t know whether @rhyso’s claim re the security flaw was correct. Let’s wait and see before passing judgement on Exodus’s wallet. However, whilst almost everyone was sympathetic to @rhyso’s situation, one Slack user pointed out that @rhyso shouldn’t have had USD 12,000 sitting in one wallet anyway …[Read More]

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I write about books I read, finance apps I use, and life experiments I try like veganism and cold showers. I like eating sourdough pizza and dumplings, as well as craft beer and natural wine

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I do write some stuff about financial topics such as cryptocurrency and investing. I am not a financial professional and please don’t rely on what I say to make financial decisions. Please check with your financial adviser before making these decisions.

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