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Someone did an analysis of hardware wallet's software using kimi k3
This Weekend In Altcoins: Satoshi VM, MakerDAO, AltLayer, WSM
Coins under $1 to consider for smart 2024 investments. What's your pick?
SAFEREUM rug-pulled and drained over 4 million dollars! Megabot detected the rug 10 days ago.
OKX to launch WSM memecoin perpetual swap
$WSM | Revived by the community | 10k marketcap | Wishmoon
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Hi! I'm with Bitkey and am happy to explain this. So, the restoration of your app key when you lose it doesn't involve the Bitkey server at all. The way it works is this: When you onboard, your app creates a key, called the mobile key. Your hardware creates its hardware key at this point too, which represent the two keys you mentioned. By the time you've onboarded, the server creates its key by calling into a Nitro Enclave which we call WSM (wallet security module). When you tap your hardware during onboarding, the app creates an encryption key (we'll call it the DEK here, for Data Encryption Key). The app encrypts its app spending key with this DEK. It then sends the DEK to the hardware and asks the hardware to encrypt its DEK. So the app now has a private key, encrypted by the DEK, and a hardware-encrypted DEK. It stores the pair of those in the customer's cloud, which Block does not have access to. The app then throws away the DEK. It no longer exists unencrypted anywhere. When you later lose your phone, you get a new one and sign into your cloud. You install the Bitkey app, and we find that package we uploaded in the paragraph above. So what do we have? Your DEK-encrypted private key and a Hardware-encrypted DEK. What does the app need to get to your private key? It needs the DEK. But the DEK is encrypted. What can decrypt it? The Bitkey hardware you encrypted it with. So we send the encrypted DEK to the HW and get back the DEK! We use the DEK to decrypt the private key and your app is back in business. The key was never sent to the Bitkey server in any form during this. This is all done client-side with things the customers owns and controls. Does that help? In terms of keys being kept as far away from online as possible, the answer is it depends on their use and how exposed they are. Would you want a private key on a windows machine that's very susceptible to viruses? Absolutely not. Would you want to put a significant amount of funds on a single hot key? No. Bitkey's choices here are intentional. The server key sits on WSM which is built for the highest levels of security with strict access policy controls within Block, a company which secures billions of dollars of its own self-custodied Bitcoin. It has a very limited ingress policy, meaning nothing from the outside can talk directly to it. It's locked down to only take commands from the Bitkey server. This key then gives you the extra resilience of recovery when you need it. An example is if you lost your hardware. Well, because our hardware is built to not exfiltrate its keys, for security purpose, what do you do? Well, you ask our server to co-sign a transaction with your app key to move the funds to a new keyset with a new Bitkey hardware. After 7 days of waiting, we agree if nobody cancels it. This is another protection mechanism. Same thing if you have your hardware but not your app or cloud. The server co-signs to get you back into a good state. We make it really easy to use. Really hard to lose. And after the coldcard incident, multi-sig is really in the limelight because compromise of a single key does not equal funds loss. And Bitkey is the easiest multi-sig set up on the market. And we didn't have to compromise your funds safety to get there. Hope this help! I know it was long but your curiousity was worth addressing fully. Let me know if you have any other questions.
Damn bro. I read this entire thread, and all I can say is that I feel your pain. In 2019 i got got because of interpol cracking down on WSM/DM. Lost about 250 BTC to seizure. But btc was a lot more expensive. I think we paid 12.5k per coin for the vendor deposits at the time. We thought we were on top of the world. 3 months and 300+ sales in, we thought we were unstoppable. Little did we know, but 200+ of those sales were to the police. I never touched the drugs, or the shipping. Let's just say I was in "customer relations". Damn BKA sentenced me to 7 years probation and over 30k (plus 16k for my lawyer) in fines. All in addition to the massive amount of BTC they confiscated from me. Shit happens. You live, you learn, and if you're smart you never repeat your previous mistakes. In march my probation is over, and I can finally completely move on from that terrible point in my life. I can't wait! Congrats on getting through your troubles, dude! Good luck with all your future endeavors.
I did the same thing from 2021. I made fuck all on all the shit meme coins like WSM etc. Made all my money back just and more because I had the sense to buy thousands of XRP. Sure you were very lucky, or this is an AI post. Either way, cut and run if you made a fortune on shit coins.
Are WSM for real, or a bad joke? Techopedia says they could be the next ETH. How? I'm looking at the price trends online and it just keeps going down. How could it ever wind up being thousands of dollars like ETH?
Wall street Memes (WSM) ,huge scam $25m
SONIK, WSM and been holding NEO since 2018 (unrealized loss)
ETH, WSM and CHIMPZ (early in prelaunch), though intrigued by TRX if anyone has any decent info on it?
if you are going to blow he money might as well gamble in shit coins like WSM
I bought presale WSM and still up!
WSM it’s like PEPE. These coin are made by few person that own the majority of the tokens, after the pump developers sell and “investors” lost money. Pay attention.
tldr; OKX, a leading cryptocurrency exchange, has announced that it will launch a Wall Street Memecoin (WSM) perpetual swap. Users will be able to long and short WSM/USDT with up to 50x leverage. In addition, OKX will introduce margin trading and a Simple Earn listing for WSM. This update will be available on the web and app interfaces as well as API. The announcement follows the addition of WSM to the exchange's spot market on September 26. WSM is the memecoin that powers Wall Street Memes, a decentralized meme platform on the Ethereum blockchain. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Wall Street memes Instagram page(s) were bought out by a European Web3 company a bit ago. They then launched WSM, a meme coin marketed at as a meme coin. It’s done pretty well since launch.
Thanks for this info. WSM is the next big thing in the meme world, driven by a passion for memes and a community-driven approach. I added some WSM from BitgetSwap too. And now am waiting for the moon.
Just by looking at a couple you can tell what’s going on. Like the $WSM Wall Street Memes exchange listings. Projects pay to get put on this crypto calendar site to make it seem like they are of some kind of importance.
well theres very good exceptions like doge. and WSM is definitely on a very impressive way - i think it will outperform some very well known "shitcoins" ​ Also, you dont put your money on a Token, you put your money on a community and an idea.
WSM is beginning its decline.
then i recommend to you as well WSM. It's a Meme Coin that's about to start its bullrun right now, and it is super community oriented.
Rumors go that he is one of the whales who invested in WSM. ​ He even interacted with their twitter a few times. ​ That and the well known community behind the project was reason enough for me to opt in.
The only WSM I’ve heard of is world strongest man but I doubt they’ve got a new crypto 🤣
What do you folks think about WSM coin?
Haha Even WSM launched with a $75m. I’m praying for you to black Jesus.
Everyone seems to be in red right now, even meme coins aren't that trending yet. But saw $WSM on the hot searches. Another meme coin, another rug pull? Nevertheless, we don't have much choice but to hold and hope to break even in the future.
Im continuing to monitor the Wall Street Memes rug. The token launched on OKX yesterday. Ran the project through isRug to get an assessment. - WSM - Wall Street Memes Audit | Ethereum | @isRugapp 0xB62E45c3Df611dcE236A6Ddc7A493d79F9DFadEf ✅ Contract is Verified ✅ Transaction Simulation Tests Passed 🏷️ Buy & Sell Tax: 0% | 0% 🛢️ Buy & Sell Gas: 0.00298 | 0.00255 | ($8.8386) 👑 Ownership is not renounced! Be careful‼️ ❗️ Owner Token Balance: 159,532,750 | 7.98% of C.Supply ‼️ 💸 Owner ETH Balance: 2,802.77 ($4,479,668) 📊 Total & Circulation Supply: 2,000,000,000 💵 MarketCap: $76,049,400 📝 Contract Token Balance: 346,680.59 | 0.02% 📆 Contract created 💧 Liquidity Pools: 0.61454 WETH ($982.22) | Chart | Holders ﹎﹎﹎﹎﹎﹎﹎﹎﹎﹎﹎﹎﹎﹎﹎﹎
Anyone else watching the WSM$ rug ply out in real time? Seeing that it took the same dev team about 3 months to fully rug AI Doge, it’s probably going to be a slow motion strategy.