426 karma · joined May 29, 2013
If only that "unnecessary code" had tests... Oh wait.
But I'm not sure if I like their 2-of-2 scheme. I would rather have a 2-of-3 one. Maybe I should re-read their paper.
Another thing that bothers me is that it's not very safe by default. The only way to be safe is if you use a (reviewed) plugin and you don't let it update automatically. Because if you use Javascript instead, they can take your key whenever they want. Imagine if the FBI seized their servers and injected Javascript malware like they did with Tormail.
I'm not here to get into another PHP debate. Non-phpers can waste all their time hating if they want, and then go fight with all the problems they have with outdated components like Bundler, create hacks to simulate features that are native in PHP and other OOP languages (eg: interfaces in ruby, abstract classes in python), etc. I'll just get things done in a professional manner using what seems to be the best web platform of our time and then enjoy life.
No wallet software can keep your coins safe if it has to store your keys in the same machine you use for your internet activities. You have to use either an air-gapped machine (also called offline or cold storage) or multi-signature.
Then there's also the issue about trusting what you have downloaded. Even if you run the software in an offline machine, if it's meant to steal your coins it certainly can do it. Do you trust Electrum's developers or whoever reviewed the code? What about the maintainer of the website (or Github)? Did you use SSL? Did you check the signature? Did you get the signature from a different and secure channel?
For now I'm trusting Armory, but I'm planning to move to multi-signature once I have time, and maybe use three different wallets to create the keys.
Losing the keys is a separate issue. You have to think about different scenarios like disk failure, data decay, a fire in your house, your friend dying and their family not letting you recover his part of your n-of-m backup, police raid, etc.
The author is comparing Composer to Bundler, which makes no sense because Composer does a lot more than Bundler. With Composer you can do things exactly the way you want. He says "I don't know what it does under the hood, if it clones every single repository of every required package independently of it being necessary", proving that he didn't even bother learning how to use the tool.
There is no way you can live with Bundler after having used Composer. Trust me, I was a Rails guy.
I know that's not even the proper way to store your coins. But only security experts knew better.
lol
That's not the point. The point is knowing that you won't lose money by trying out altcoins. With sidechains, at any point you can claim back your original bitcoins. You won't be left holding the bag as it happens all the time with separate blockchain altcoins.
Agreed, I thought the same, but then I hit the 127 (I think) limit.
Also, every successful startup ever has had those kinds of returns at some point. So I suspect you are only considering traditional or stable investments, like post IPO stock or whatever.