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RE: gtg’s abbrs.

in Blockchain Wizardry3 years ago

Thank you :-)

Why would one use the cli_wallet?

For security reasons. I can build it myself, without relying on third-party software, import my active key, and sign transactions with it. It's by far more secure than wallet on a website.
Of course such website wallet should sign your transaction client side unless...

  • you connected to wrong website because of typo + name squatting
  • you connected to wrong website because of phishing
  • you connected to wrong website because of dns hijacking
  • you connected to wrong website because of man-in-the-middle
  • you connected to right website but author was incompetent
  • you connected to right website but author was malicious
  • you connected to right website but author was hacked
  • you connected to right website but server was hacked

and so on, and so on

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Great, thank you for the explanation. Makes sense. So if someone is investing huge, then they will need cli_wallet.