Bitcoin Q&A: Setting Up Secure Storage Devices
Channel: aantonop
Date: 2018-07-17

How secure are mobile wallets compared to desktops or hardware wallets? How easy is it for each type of device to be compromised? Does a factory reset or re-installed operating system help? How hard is it to properly set up a factory-reset or airgapped laptops? Can malware be transmitted via USB? What is the Glacier Protocol?

Chapters
0:00 How safe are mobile wallets, since they are constantly connected to the internet nowadays? Are mobile phones considered a safe option if one does not own a cold storage wallet?
2:47 What are the proper steps to take when installing and creating a mobile wallet?
4:33 In case I have installed a wallet app on my Mac, which has been infected without me noticing, will a hacker be able to retrieve my private key from the wallet, which was previously generated by the 'getnewaddress' command?
6:04 If I copy the MyEtherWallet client on to a USB stick and put it on my offline laptop, will it be compromising my security? The USB drive could contain some sort of malware.
7:45 How would I get signed transactions from my offline, air-gapped laptop to an online client for propagation? Would I have to type it in manually?
8:31 Hardware wallets versus the Glacier Protocol

These questions are from the MOOC 9.4 session, as well as a monthly Patreon Q&A session, which took place on March 9th and March 31st 2018 respectively. Andreas is a teaching fellow with the University of Nicosia. The first course in their Master of Science in Digital Currency degree, DFIN-511: Introduction to Digital Currencies, is offered for free as an open enrollment MOOC course to anyone interested in learning about the fundamental principles. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop

RELATED:
How do I choose a wallet? - https://youtu.be/tN6b62sEpsY
Secure, tiered storage system - https://youtu.be/uYIVuZgN95M
What is a private key? - https://youtu.be/xxfUpIV9wRI
Using paper wallets - https://youtu.be/cKehFazo8Pw
Wallet design and mass adoption - https://youtu.be/WbZX6BDZJHc
Cryptographic primitives - https://youtu.be/RIckQ6RBt5E
Public keys vs. addresses - https://youtu.be/8es3qQWkEiU
Re-using addresses - https://youtu.be/4A3urPFkx8g
Coin selection and privacy - https://youtu.be/3Ck683CQGAQ
Multi-signature and distributed storage - https://youtu.be/cAP2u6w_1-k
Nonces, mining, and quantum computing - https://youtu.be/d4xXJh677J0
Software distribution security - https://youtu.be/_V0vqy046YM
Protocol development security - https://youtu.be/4fsL5XWsTJ4
Geopolitics and state-sponsored attacks - https://youtu.be/htxPRTJLK-k
How to get people to care about security - https://youtu.be/Ji1lS9NMz1E
Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg
Why running a node is important - https://youtu.be/oX0Yrv-6jVs

On the topic of inheritance and estate planning, see: https://youtu.be/4g8rO_queMw

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8

[NEW] THE INTERNET OF MONEY, v2: https://www.amazon.com/Internet-Money-Andreas-M-Antonopoulos/dp/194791006X/ref=asap_bc?ie=UTF8

MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042

[NEW] MASTERING BITCOIN, 2nd Edition: https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/

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