Comment on Is Bitcoin security worth $1B?parentComments−Anderkent12yYeah, no, there's still a need for hot wallets which can be spent automatically by a server and these were basically the only ones stolen.The point is that you don't need a hot wallet if you support multisig - the coins never go to the service provider, they stay in the users wallet.−kolinko12yDepends on what you're trying to do. If you want to run an exchange, the exchange needs full access to keys. Unless it's an exchange running on a smart contract on distributed oracles ( http://orisi.org ) :)
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The point is that you don't need a hot wallet if you support multisig - the coins never go to the service provider, they stay in the users wallet.
Depends on what you're trying to do. If you want to run an exchange, the exchange needs full access to keys. Unless it's an exchange running on a smart contract on distributed oracles ( http://orisi.org ) :)