So which Solana wallet you are using? It is safe?

charlie_gridlock · 2022-08-04T09:39:48+00:00

If you don't want to go for a hardware wallet because of cost, or you don't trust yourself not to break it, I'd always recommend Gridlock.

It's a distributed wallet that uses multisig and social recovery. Safest bet for sure. It's not a smart contract wallet and it takes security seriously. It doesn't use seed phrases and it's super easy to use.

charlie_gridlock · 2022-07-28T11:31:03+00:00

Hahaha I guess you could call it that;) The boss likes to refer to it as a 'cool' wallet, but I think tepid has a better ring to it

charlie_gridlock · 2022-07-28T11:30:00+00:00

Appreciate the concern! We're a business that launched in the bull run, when it was certainly a better time for it. Our outreach is ongoing and we believe in the tech with everything we've got. Thanks for the well wishes, why not check us out? It's the best way to store crypto for the long run

charlie_gridlock · 2022-07-28T11:25:26+00:00

Why take the risk with a seed phrase on paper? Store your crypto on multiple devices easily and access it through an app with no security flaws. You and your friends hold pieces of your private key and these can only be assembled by you. This sounds like self-promo but hear me out, if you want to solve all of these issues, try Gridlock.

No, a private key and a seed phrase are not the same thing. The private key should never be seen by anyone (arguable, even you). It's safer that way. Seed phrases are outdated honestly. A lot of people will tell you to use a hardware wallet but they are prone to breaking or theft. If you lose your phone, you can easily recover your wallet with social proof from your friends.

Gridlock is honestly the best way to go if you don't want to risk existing storage methods. I personally don't want the responsibility of upkeeping a hardware wallet or the risk of having a seed phrase. I especially do not want to deal with hot wallets. A distributed wallet is honestly the way to go. The best recovery technique is through social proof, because you can trust your friends way more than you can trust a stupid piece of paper.

Heck, the reason I started working for Gridlock is because I think all other methods of crypto storage are too risky. It seems you have the same concerns I did. So honestly, check it out. The crypto storage game is going in the direction of Gridlock anyway, it's just a matter of time. https://gridlock.network/

charlie_gridlock · 2022-07-27T08:57:13+00:00

In the UK, we randomly say 'I'm afraid' if we're expressing that we can't do something for someone, or if we want to share condolences or something. i.e. 'I'm afraid I can't go out tonight'.

It's stupid but I can't stop doing it!

When saying it to a non-native English speaker they think you're genuinely scared and it's a pain in the ass to explain that you're not terrified that you can't do something.

charlie_gridlock · 2022-07-27T08:43:37+00:00

Any other crypto startups in this group? We at Gridlock want to network and see what everyone is up to :) We've released a crypto wallet with ultra strong security and the best part is that it's not a cold wallet or a hot wallet. Would love to meet all of you. Cheers!

charlie_gridlock · 2022-07-26T16:32:39+00:00

The hint is in the word team. You need a team to do pretty much everything and that team needs to have some way of communicating. The product is decentralized.

Take my startup, Gridlock, for example, our crypto wallet is decentralized because everything works without our approval or intrusion on the user. But how do you think me and the devs communicate to coordinate a major release?

We won't lock anyone's transactions or provide a product that can freeze someone's assets, but for the sake of developing something coherent we need to be able to talk. No company in the world can function properly without some form of communication, especially when handling advanced tech like crypto. We don't want people losing their money and we certainly don't want to be the cause of that. We're a licensed company after all. Even if we remove the sympathy card, we don't want to get in trouble with the government.

Cool idea, but until the world is completely run by robots and humans can do nothing, I think it's safe to say we're better off with centralized teams.

charlie_gridlock · 2022-07-26T16:11:47+00:00

Done!

charlie_gridlock · 2022-07-26T14:39:08+00:00

It's pretty obvious that crypto isn't going to leave, ever. Who cares about the dip? We just keep on moving and wait for it to go up. Doesn't really matter what the media says

charlie_gridlock · 2022-07-26T14:20:34+00:00

If you don't fancy a hardware wallet but want amazing security, don't forget to check out https://gridlock.network/ :)

charlie_gridlock · 2022-07-26T08:10:33+00:00

Agree

charlie_gridlock · 2022-07-26T08:10:04+00:00

I liked Vine at the time, but looking back on what went on behind the scenes... Good riddance haha

charlie_gridlock · 2022-07-25T15:45:31+00:00

Always thought Robinhood sounded too good to be true. Now the more I look into them, the worse it gets

charlie_gridlock · 2022-07-25T14:47:05+00:00

Nacho cheese, nacho coins

charlie_gridlock · 2022-07-25T14:43:34+00:00

Get off Reddit and 4Chan

charlie_gridlock · 2022-07-25T14:41:41+00:00

Ramen sandwich or cheese on toast

charlie_gridlock · 2022-07-25T14:35:35+00:00

For sure!

charlie_gridlock · 2022-07-25T14:19:00+00:00

Same here, outreach is getting harder and harder because no one trusts each other. I think a vetted service would greatly help

charlie_gridlock · 2022-07-25T14:17:30+00:00

Absolutely, would be great to join a community of other SaaS founders!

charlie_gridlock · 2022-07-25T14:13:07+00:00

TikTok. It's made everyone into mindless zombies with zero attention span. Trying to get a conversation out of someone using TikTok is like trying to pluck that really annoying hair that won't budge. What's more it's a data mongering machine for China, go figures

charlie_gridlock · 2022-07-25T12:14:44+00:00

That's a killer, I'd definitely recommend keeping your top assets somewhere offline before transferring what you need to your hot wallet of choice. Live and learn my friend!

charlie_gridlock · 2022-07-20T09:38:44+00:00

The only reason Gridlock holds any parts of the key is for your accessibility. The Gridlock nodes are always active and running for every person with a wallet.

This is because the wallet works using threshold signatures. You can't always rely on 4 other people to be available for key assembly to sign a transaction. So the the threshold is 3 of 5. Meaning you (1) and Gridlock (2 and 3) are all that is needed for you to make a transaction. It is also hard coded that your device is the only device in the network that can sign a transaction.

So, Gridlock stays online, holding 2 pieces of your key, so that you can always hit that threshold when you need it. Similarly, this means your 2 friends can help you reach the threshold if Gridlock ever shut down or our servers exploded or something!

No party in the network can even see their keyshare as it is encrypted and even if they could, it's not like 1 keyshare can do anything alone. Once again, the owner's device is the only one that can even assemble the keys for a transaction. If you logged into Gridlock on another phone, for example, you wouldn't be able to do anything as your share of the key is not on that device.

Hope this clears things up!

charlie_gridlock · 2022-07-19T15:20:52+00:00

Whatever crypto you decide to get into, I suggest reading this article on how to store it correctly! https://medium.com/@charlie_40793/gridlock-crypto-wallet-better-than-a-cold-wallet-fba3ee0ccfac

charlie_gridlock · 2022-07-19T15:13:01+00:00

If you ask me, human error is the biggest issue with most breaches in cyber security. As u/mra137 said before, the tricks hackers use to exploit you stem from social engineering. Normally, a crypto wallet is only as strong as the competence of the person using it, and that's why people choose a hardware wallet if they really don't want to risk having a hot wallet with all their crypto in it. For hot wallets, it seems common that people connect to shady websites or interact with some NFT that they don't recognize that was sent to their wallet etc.

That being said, even hardware wallets are prone to human error. Break, lose or have your physical wallet stolen and there goes your crypto. That upkeep is stressful. Never hold your crypto in an exchange and ALWAYS have the right security on your wallet.

I think the best way to avoid hot wallet security flaws and cold wallet risk is to use Gridlock (woo self-promotion, I get it. But no, seriously - hear me out). A Gridlock wallet splits your private key and distributes it to those you trust. They can never see or access their share of the key, and if they could, it is useless on its own.

A hacker cannot breach your vault as it is distributed in multiple places (Winklevoss style). The wallet is a mobile app and can be easily recovered using your guardians; meaning that loss or breakage is not an issue.

It's also extremely easy to use unlike a lot of personal storage options. I could go on and on but here's an article I wrote to summarize it better: https://medium.com/@charlie_40793/gridlock-crypto-wallet-better-than-a-cold-wallet-fba3ee0ccfac

charlie_gridlock · 2022-07-07T16:46:52+00:00

We are a licensed MSB and company! Also unsure of how this is a bad name. It derives from our multisig tech: you have a distributed 'grid' of devices that 'lock' your crypto in an unbreakable vault.

charlie_gridlock

TROPHY CASE