While a little off topic it is security related so I hope you don't mind. This is the misc list, right?
Assumption 1. bitcoin is a secure protocol without flaws. quote from https://github.com/bitcoinbook/bitcoinbook/blob/second_edition/ch01.asciidoc With these keys they can sign transactions to unlock the value and spend it by transferring it to a new owner. Keys are often stored in a digital wallet on each user’s computer or smartphone. Possession of the key that can sign a transaction is the only prerequisite to spending bitcoin, putting the control entirely in the hands of each user. Is the security of a bitcoin wallet ultimately determined by it's password? The way I see it If an attacker had access to my computer, the only thing protecting access to the wallet would be a password or some iteration of a password scheme, if not mine than a centralized server of trust somewhere, but eventually someone has a password that is used to, unlock a bitcoin. Is that correct reasoning or are there alternatives? Thanks, James
