<p>Answer: Nothing</p>

<p>Even with the most secure system, you're still trusting their developers.</p>

<p>Remember, secure encryption is not cracked, it's bypassed.</p>

CC BY-SA 3.0
2013-12-04T21:36:06.997Z
So, seems actually far less secure than a pile of money under my matress.  *most* people won't break in your house and steal your money.
Mr. Manager
CC BY-SA 3.0
2013-12-05T01:24:57.763Z
Yes.  The Bitcoin protocol is provably secure (provided holes aren't found in the encryption protocols). If you ever lose Bitcoins, it's almost a certainty someone obtained the private key rather than cracked the encryption.
John
CC BY-SA 3.0
2013-12-04T20:43:16.737Z
2013-12-04T20:43:16.737Z
John
<p>What keeps a person or company from creating an app like Armory but if you select "import or restore wallet" just emailing them your wallet key after you enter it and draining your account?</p>

CC BY-SA 3.0
2013-12-04T20:28:18.987Z
I just happened to see the answer. Only use an app on a pc live booted and offline.
Mr. Manager
CC BY-SA 3.0
2013-12-04T22:34:39.230Z
This is not specific to wallets. Someone can create an application or program of any kind that logs your banking/financial passwords and emails them to the software's developers. If you use a machine for banking or financial transactions, you can't run untrusted software on it.
David Schwartz
<wallet><fraud>
What keeps someone from creating a malicious wallet app?
Mr. Manager
# What keeps someone from creating a malicious wallet app?

(Asked by: username_0 on 2013-12-04)

What keeps a person or company from creating an app like Armory but if you select "import or restore wallet" just emailing them your wallet key after you enter it and draining your account?

**Tags:** wallet, fraud

> **Comments:**
> **username_0**: I just happened to see the answer. Only use an app on a pc live booted and offline.  
> **username_1**: This is not specific to wallets. Someone can create an application or program of any kind that logs your banking/financial passwords and emails them to the software's developers. If you use a machine for banking or financial transactions, you can't run untrusted software on it.  

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## 1 answers

### Answer by username_2 on 2013-12-04. Score: 4

Answer: Nothing

Even with the most secure system, you're still trusting their developers.

Remember, secure encryption is not cracked, it's bypassed.

> **Comments:**
> **username_0**: So, seems actually far less secure than a pile of money under my matress.  *most* people won't break in your house and steal your money.  
> **username_2**: Yes.  The Bitcoin protocol is provably secure (provided holes aren't found in the encryption protocols). If you ever lose Bitcoins, it's almost a certainty someone obtained the private key rather than cracked the encryption.  

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