A new way to backup your wallet

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  249
3 months ago

As much as we'd love read.cash to be as secure as possible, sometimes to make something convenient and useful, you have to make it a bit less secure, unfortunately.

Initially, we've discussed among the team that we should only show "Backup your seed phrase" screen once and refuse any access to this screen later. The idea was that anyone who sits at your computer, can quietly copy your seed phrase while you're away and then steal your funds without any evidence.

Unfortunately, as usual, people disregard any messages you're trying to send them, like this...

...and then they write emails to us, like "How do I get my seed phrase? I closed the window clicking 'Next' all the time... I thought it wasn't important..."

After looking at other wallets, though, it seems that all of them consider this non-issue and all of them have "Backup" buttons, links, etc...

Basically, anyone sitting at your computer can copy it at any time. So, we've decided that once again, convenience is pretty important.

Today, we have added this link to the drop down menu:

We can, of course, protect it with your password, but many people save their passwords into a password manager that pre-fills it, so it won't add any protection.

Hopefully, this helps those people who either lose their "seed phrase" or forget to write it down, while still having access to read.cash account.

It's also needed if you want to have access to read.cash from multiple devices.

We still advise people not to keep more than $10-20 in your online wallet, as the idea of read.cash is to be as convenient as possible, not as secure as possible (since that would make read.cash very hard to use, like installing extensions and entering a two factor code each time you upvote - that would make read.cash very secure, but awfully terrible as far as user experience is concerned).

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3 months ago
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Comments

Was there a coin theft yet?

$ 0.00
3 months ago

No, so far, no. All the ways that we know of where this was possible are protected, but of course you can't protect 100%.

$ 0.00
3 months ago

This is going in the right direction. However, when there's time I'd like to get the option to disable this. Just like I'd like a 'dismiss' button for my email stuff and just remove that.

$ 0.00
3 months ago

The problem is that eventually you'll need to "enable" it back and again it's a question of "how to do it securely" and I think it's an infinite loop :)

$ 0.00
3 months ago

No, I most certaintly won't, since I've written it down and imported it to a mobile wallet.

I know I'm the odd one who actually does backups at times, but for me being able to remove the ability for others to come snatch my coins, it'd be good.

$ 0.00
3 months ago

I'm 100% sure that if we add a "Disable backups" button, eventually somebody would ask us "Ok, how do I enable it back?" :) It's just how people's brains work. Click stuff, then figure out what happened and how to get back.

$ 0.00
3 months ago

Happy to see read.cash prioritizing UX in various ways.

$ 0.00
3 months ago

We're always trying to prioritize UX :) We just don't always have enough time.

$ 0.00
3 months ago
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