• corbin@infosec.pubOP
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    5 months ago

    If you want to beat inflation, dump the money in a high-yield savings account, or a 401k, or a stock index, or any of the other options that have something resembling banking protection/regulation. There are so many better options than a speculative investment that you lose entirely with a social engineering attack or a SIM swap.

    • jarfil@beehaw.org
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      5 months ago

      Lower risk, lower reward. Keep in mind that 401k is not 100% guaranteed either.

      lose entirely with a social engineering attack or a SIM swap.

      SIM swap? You mean like SMS 2FA? (don’t use SMS 2FA, BTW).

      Anyway, if your risk scenario includes a “wallet inspector”, you definitely shouldn’t buy Bitcoin, or carry money around.

      • prole@beehaw.org
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        5 months ago

        Nobody is going to SIM swap you unless you have a shitload of crypto and let everyone know about it. It’s not an easy attack, so it would have to be targeted. Pretty easy to not be a target (not having millions of dollars of crypto on a wallet helps).