Great, but I don´t get why would someone transfer Hive off from the Hive wallet? It is quite save there, and as HP you get the inflation and rewards! Why store liquid Hive elsewhere?
It would give some visibility, yes. Is this the main reason?
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Until you compromise your key by pasting it into a comment or somewhere by the incident. Check out @keys-defender to see how often people lose their assets because of this.
And there is no such thing as "transfer funds to hardware wallet" - consider it as a key manager (it can be compared to the Hive Keychain). You might keep your assets on your current account, just replace your owner key with the one derived from a device. You won't compromise it because you will have zero knowledge of your private key.
I see. That is smart!!
keychain works :) But yeah I think for ledger users love to use it for everything. Opens the door for the ledger only community :)
I'm using keychain on a daily basis and it is great. But it is definitely more difficult to compromise your owner key when you can't see and copy it ;) I will change my owner's keys for sure. Better safe than sorry ;)
And yes, it should open some doors for "ledger" people. It will be much easier and safer to keep Hive as cold storage.
Should be also difficult to compromise the owner key if you store it on whatever place :) and use only keychain with posting/active
It is infinitely harder to compromise it when you don't have your private key ;)
On keychain is also encrypted with sha256 right? But sure for some people, it has a huge advantage, special if hive becomes more mainstream.
It is encrypted, but there is a significant difference: for Hive Keychain you need to store your private key somewhere to be able to import it. You need to write it down or copy it from your notepad or key vault, or whatever. You're using your private key in a digital form somehow and you might be a target for some digital thefts. When using a hardware wallet you never receive your private key - it never leaves your hw device. The device stores it and use it to sign transactions.
Dummy Proof. Can the Ledger then be used as a PKSA for HAS of @arcange?
Yes, it could be used as a PKSA.
The main problem is that you currently have to manually confirm each transaction.
If this is not a problem when there are actually some financial transactions, it is different for the social aspect of the platform. It would be extremely tedious to confirm every comment or vote.
That sounds logical, but some upvotes are tremendous and I'd like to confirm a 50bucks upvote for sure (if I had one) :))
Interesting 🧐, then that's the way all chains do it? 👨🏻💻
I didn't know that.