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Topic: Ben Bernanke made a statement about bitcoin today (Read 3207 times)

newbie
Activity: 25
Merit: 0
Why not use Spideroak instead of an iffy service like Dropbox?
hero member
Activity: 767
Merit: 500
I don't care, it's encrypted with a password that is twice as long as this sentence. I can host it in public, nobody's going to get in without knowing my ridiculously long and convoluted password.

It bothers me that there are people that don't understand just how secure and easy Dropbox + Truecrypt is. EVERYONE should be doing this, and no one should be using online wallet sites, anymore. I just wish someone would make a Bitcoin client that didn't require 1 gig of space and let you set transaction fees lower than .01.

If you mostly pay into your wallet e.g. from mining then there's no real need to use a full client and wallet.dat. I haven't loaded the bitcoin current in weeks and instead check my balance from blockexplorer using my android app. In fact the last time I loaded the client it just reminded me how annoying it is to have to wait for the blockchain to download just to view your balance.

Will
sr. member
Activity: 350
Merit: 250
truecrypt with plausible deniability 2 way encrypted and stored on a cd, a secured usb, gmail, and amazon. Password is insane to the membrane.

Everyone needs to do something similar imo. Only using android client for tiny daily amounts or mtgox for wallet type service for now for me. Never needed anything else.
donator
Activity: 1419
Merit: 1015
I don't care, it's encrypted with a password that is twice as long as this sentence. I can host it in public, nobody's going to get in without knowing my ridiculously long and convoluted password.

It bothers me that there are people that don't understand just how secure and easy Dropbox + Truecrypt is. EVERYONE should be doing this, and no one should be using online wallet sites, anymore. I just wish someone would make a Bitcoin client that didn't require 1 gig of space and let you set transaction fees lower than .01.
sr. member
Activity: 321
Merit: 250
Firstbits: 1gyzhw
People can have my encrypted content in dropbox, they'll be brute-forcing it until the end of the universe.

Really? See link above. I don't think Dropbox has been probed to the fullest extent and the way you can extremely easily share files is what behooves me to not store ANYTHING there that I would want easily shared.
I don't care, it's encrypted with a password that is twice as long as this sentence. I can host it in public, nobody's going to get in without knowing my ridiculously long and convoluted password.
sr. member
Activity: 322
Merit: 251
People can have my encrypted content in dropbox, they'll be brute-forcing it until the end of the universe.

Really? See link above. I don't think Dropbox has been probed to the fullest extent and the way you can extremely easily share files is what behooves me to not store ANYTHING there that I would want easily shared.
legendary
Activity: 1176
Merit: 1280
May Bitcoin be touched by his Noodly Appendage
People can have my encrypted content in dropbox, they'll be brute-forcing it until the end of the universe.
Same here
sr. member
Activity: 321
Merit: 250
Firstbits: 1gyzhw
People can have my encrypted content in dropbox, they'll be brute-forcing it until the end of the universe.
hero member
Activity: 616
Merit: 500
I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.

I'm surprised more people aren't using wuala (wuala.com) considering it uses client-side encryption and isn't based in the US.

Im surprised people just dont use cd's.


cds nuts?
legendary
Activity: 1148
Merit: 1001
Radix-The Decentralized Finance Protocol
I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.

I'm surprised more people aren't using wuala (wuala.com) considering it uses client-side encryption and isn't based in the US.

Im surprised people just dont use cd's.
legendary
Activity: 2408
Merit: 1121
Bernanke must be proud of the post-POMO market rout going on right now. Of course, after everyone opens up their 401k statements and have a collective heart attack, I'm sure QE will be back on the table.

Monetary insanity...
sr. member
Activity: 574
Merit: 250
I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.

I'm surprised more people aren't using wuala (wuala.com) considering it uses client-side encryption and isn't based in the US.


Indeed,  and you can even pay them with bitcoins!
newbie
Activity: 51
Merit: 0
I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.

I'm surprised more people aren't using wuala (wuala.com) considering it uses client-side encryption and isn't based in the US.
newbie
Activity: 42
Merit: 0
He lost 10,000 BTC in the MyBitcoin scandal. From now on he's going to use the standard client, and encrypt the wallet.dat with truecrypt, and back it up on Dropbox. And he's looking into deterministic private keys. That might be the safest way to save his horde.

It would be great to see the Onion do this one
sr. member
Activity: 322
Merit: 251
He lost 10,000 BTC in the MyBitcoin scandal. From now on he's going to use the standard client, and encrypt the wallet.dat with truecrypt, and back it up on Dropbox. And he's looking into deterministic private keys. That might be the safest way to save his horde.

I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.
sr. member
Activity: 372
Merit: 250
Whenever Ben opens his mouth, markets drops.  So, that's why.
full member
Activity: 156
Merit: 102
He lost 10,000 BTC in the MyBitcoin scandal. From now on he's going to use the standard client, and encrypt the wallet.dat with truecrypt, and back it up on Dropbox. And he's looking into deterministic private keys. That might be the safest way to save his horde.
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