Meet Smartwords – Distributed Backup for Cryptocurrency Keys (

On the first day of the three-day event Satoshi’s Vision Conference in Tokyo the creator of a project called Safewords presented a new solution to safeguard cryptocurrency ”passwords”. Smartwords is a 2-out-of-3 distributed backup kit for your mnemonic seed words. 
Also read: Zhao Dong Recounts How He Lost 9,000 BTC
Safewords – a 2/3 Distributed…


Malware warning: wallet needs a network connection for generating new keys. This should not be the case! Possibly this wallet is going to steal your bitcoins.

Roger Ver alias /u/memorydealers who owns and operates does not explain why this wallet behaves this way.

Anyway, there is no reason! If a wallet cannot generate a private key due to missing network connection, it is either due to malware or due to incapable developers. Both is bad for a Bitcoin wallet, so stay away!

submitted by /u/Amichateur
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