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Edited ch13_security.adoc with Atlas code editor
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@ -30,7 +30,6 @@ is based on independent verification, the network can be open
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and no encryption is required for Bitcoin traffic (although encryption
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and no encryption is required for Bitcoin traffic (although encryption
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can still be useful).
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can still be useful).
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On a traditional payment network, such as a credit card system, the
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On a traditional payment network, such as a credit card system, the
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payment is open-ended because it contains the user's private identifier
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payment is open-ended because it contains the user's private identifier
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(the credit card number). After the initial charge, anyone with access
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(the credit card number). After the initial charge, anyone with access
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@ -80,7 +79,6 @@ removes control from users and centralizes control over keys in a single
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system. Many such systems have been hacked, with disastrous consequences
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system. Many such systems have been hacked, with disastrous consequences
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for their customers.
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for their customers.
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Unless you are prepared to invest heavily in operational security,
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Unless you are prepared to invest heavily in operational security,
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multiple layers of access control, and audits (as the traditional banks
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multiple layers of access control, and audits (as the traditional banks
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do), you should think very carefully before taking funds outside of
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do), you should think very carefully before taking funds outside of
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@ -184,7 +182,6 @@ an escalation in both hacking techniques and security solutions. In
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simple terms, hackers now have a very juicy target and users have a
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simple terms, hackers now have a very juicy target and users have a
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clear incentive to defend themselves.
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clear incentive to defend themselves.
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Over the past three years, as a direct result of Bitcoin adoption, we
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Over the past three years, as a direct result of Bitcoin adoption, we
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have seen tremendous innovation in the realm of information security in
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have seen tremendous innovation in the realm of information security in
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the form of hardware encryption, key storage and hardware signing devices,
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the form of hardware encryption, key storage and hardware signing devices,
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@ -283,7 +280,6 @@ funds if the user is not available to unlock them. In most cases, in
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fact, the families of Bitcoin users might be completely unaware of the
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fact, the families of Bitcoin users might be completely unaware of the
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existence of the bitcoin funds.
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existence of the bitcoin funds.
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If you have a lot of bitcoins, you should consider sharing access details
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If you have a lot of bitcoins, you should consider sharing access details
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with a trusted relative or lawyer. A more complex survivability scheme
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with a trusted relative or lawyer. A more complex survivability scheme
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can be set up with multisignature access and estate planning through a
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can be set up with multisignature access and estate planning through a
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