I can identify with the emotions in the article. I spent the better part of the day wrangling with an old version of MultiBit to get some bitcoin out of an old wallet. And I'm currently in process of trying to recover access to an old Coinbase account that I'm pretty sure has a few bitcoin in it.
Part of the problem with all the security around cryptocurrencies is that it can be really hard to keep access and not lose them. So many passwords, two-factor authorizations, Authy tied to phone numbers, etc. I am not using nearly as much security on my bitcoin stuff now. I think the risk of getting hacked is lower than the risk of me losing access.
Exactly. I've made this point before: The least appealing thing about crypto to me is one of the selling points - That I can be my own bank. I don't trust myself nearly enough to be my own bank. I want to pay someone I trust to take care of that for me. I don't want hacking or forgetting a password to be something that in any way affects my holdings.
I’m on 2 weeks waiting for Coinbase to unlock my account, no response yet. My Authy was on an iPhone 7, and when I upgraded to the iPhone X I didn’t think much about it, but “multiple devices” was disabled so I couldn’t retrieve my account anymore.
Authy keep the seed so you can recover the 2FA token providing you can still log in to your Authy account.
That's why I use Google Authenticator. I don't want the seed kept (or even known) by a third party. I'll keep my own backup far, far away from any device which also can be used to recover account credentials.
If you use Gemini exchange I believe they only support Authy, at least that's what I had to use. Which is a little annoying having to use both Authy and Google Authenticator depending on which exchange I'm using.
Part of the problem with all the security around cryptocurrencies is that it can be really hard to keep access and not lose them. So many passwords, two-factor authorizations, Authy tied to phone numbers, etc. I am not using nearly as much security on my bitcoin stuff now. I think the risk of getting hacked is lower than the risk of me losing access.