One of the best thing to do to keep your funds safe is to store it in an open source wallet. People who usually got hacked or attacked by a thief is those whi store in an exchange or in a close source wallet. You shouLD have full control of your funds, the only way to have it is to get open source wallet like Hodler wallet which actually provides the most secure and safe storage of asset.
security number 1 because in all systems the security must be strong and accurate not arbitrary because bitcoin is sensitive and I think it's good and my advice is still reasonable and thank you 
Topic: Concerned about security. (Read 1426 times)
You are absolutely right friend I agree with your post security is one of the main issues in cryptocurrency. To make secure our assets and private keys we should be concerned about our future bitcoins security. Hackers always busy to hack our assets so should take proper steps.
I am worried about this too and I think this problem should not be underestimated and my advice is immediately followed up now so that by 2019 there will be no unwanted problems my thoughts are so
i think the best way for protection is using pc for only crypto.but most of us cant do this ofcourse because of many reasons.when cypto solve this problem, it will be the huge progress.
You are absolutely right friend I agree with your post security is one of the main issues in cryptocurrency. To make secure our assets and private keys we should be concerned about our future bitcoins security. Hackers always busy to hack our assets so should take proper steps.
One of the best thing to do to keep your funds safe is to store it in an open source wallet. People who usually got hacked or attacked by a thief is those whi store in an exchange or in a close source wallet. You shouLD have full control of your funds, the only way to have it is to get open source wallet like Hodler wallet which actually provides the most secure and safe storage of asset.
I don't think it can be denied if everyone who uses bitcoin prioritizes security because they don't want their results to be stolen by irresponsible people. We must be more observant and use passwords that others may not be able to guess.
Security is the boundary line to protect anything that is most important to safe.Here we are discussed about security of our crypto account how to protect from the hackers. We need to keep safely our crypto coin in different account and use the google authenticator to protect the hackers.
Each of every one concerned about the security of the asset.some other people do to steal your asset in the wallet so we a strong key and password to secured your asset.
It sounds like a number of people in this thread are in the wrong place. You appear to want some sort of Bankster crapcoin like Ripple. You've got this whole thing completely backwards. Attempting to emulate banks is the very reason there are so many thefts. People leave their BTC in the control of total strangers and those strangers then either lose or steal the BTC. A far greater quantity of BTC has been stolen from exchanges than from users independently storing their own BTC. If you store a great pile of bitcoins in one place, it's a more tempting target to hackers. Why steal 1 or 2 BTC from an individual when you could steal thousands from a "bank". Think it through, please.
The only correct way to protect your coins is to be in full control of private keys, but for a good part of the crypto users the idea of being their own bank it's not quite too attractive. They actually want someone else to take care of the security of their funds, which is in the opinion of many wrong way of thinking.
But I think OP is concerned around the problem of kidnapping / ransom / theft regarding cryptocurrency - the solution is pretty simple, you do not need to brag around that you have 1 BTC or 100 BTC, and therefore you will not attract attention to you. If others are not aware of something you have, they will not try to steal it from you.
I agree that exchanges are the main targets of the hackers, but fake wallets and phishing sites are much easier way to hack coins from users. After all, people are still the weakest link when it comes to security of BTC.
Promoting USB memory sticks with a linux OS and a bitcoin wallet is better idea.
You have two wallets, the day to day one in your normal computer and the "rich" one, with most of your funds in the USB. When you want to transfer funds from the "rich" wallet you turn off the computer, insert the USB and turn on the computer so it loads the OS from the USB. Then you transfer the funds, close the computer and remove the USB.
You have two wallets, the day to day one in your normal computer and the "rich" one, with most of your funds in the USB. When you want to transfer funds from the "rich" wallet you turn off the computer, insert the USB and turn on the computer so it loads the OS from the USB. Then you transfer the funds, close the computer and remove the USB.
No. USB sticks are phenomenally likely to break or corrupt your data. Or get stolen, lost etc.
Nobody leaves money or gold inside their houses. It's dangerous, at least in my country. Imagine if the gold it's in your heads. We need solutions.
bhind the user interface of bitcoin is the private key which in essence is just a lengthy number.
there are THOUSANDS of different ways you can calculate the number, convert the number to ascii or binary.
you can even divide it up in bytes of RBG(colours) and make an image
even using the word seeds you dont need to store it all in one go online, on computer or your head. you can break it down and store 23words readily available on pc or paper and keep the final word in your head.
or X words on pc Y words on paper and then final word in head...
the possibilities are endless and many ways you can self organise your own security.
the foolish thing is wanting a "bank" / custodian to hoard coins for you. and you just rely on a username and password. if you are that lax on security to think trusting a third party is ok, and only wanting to remember a short password. then.. just have 23 seed words on your computer and just remember the 24th word in your head.
if you are more concerned about security. then there are many ways to make it more secure that no one can just guess a single word.
but having a bank/custodian and just a username password is not a solution to security.. its the opposite
It sounds like a number of people in this thread are in the wrong place. You appear to want some sort of Bankster crapcoin like Ripple. You've got this whole thing completely backwards. Attempting to emulate banks is the very reason there are so many thefts. People leave their BTC in the control of total strangers and those strangers then either lose or steal the BTC. A far greater quantity of BTC has been stolen from exchanges than from users independently storing their own BTC. If you store a great pile of bitcoins in one place, it's a more tempting target to hackers. Why steal 1 or 2 BTC from an individual when you could steal thousands from a "bank". Think it through, please.
I'm a lot concerned about future security of crypto-currencies.
We hearing lots of stories of Bitcoin theft, well, I'm predicting a turmoil.
I'm realizing now that the Bitcoin concept is good, but it's not perfect, yet.
Maybe we need banks, with "LIMITS" of transaction. Both to protect from speculation and protect from violent thieves.
If someone, in my country, kidnap someone for it's money in the bank, what happens when your money (passcodes) is in your head and the wallet in the cloud?
The kidnapper would know about the second "hidden" volume on your file. Maybe Truecrypt needs infinite creation of hidden volumes, I don't know.
Maybe we have to thrust our crypto-currency in banks, and you can only make big transactions in person, in private cabinets, anonymous.
Nobody leaves money or gold inside their houses. It's dangerous, at least in my country. Imagine if the gold it's in your heads. We need solutions.
Otherwise we do need banks - but these would be banks that people are not FORCED to use, but rather banks people DECIDE to use because of increased security.
I think that a little more security it's needed in this crypto world , especially on exchanges where are a lot of cases of people who got hacked and their BTC was stolen so..i think this has become a necessity for us, the ones who work and invest our money and time in BTC.
I agree with the security of our acount, for safety purposes to avoid any hackers business. For the safety there are I agree with the bank but if theres a easier and safe wallets we do not need any more bank. usually fools are robbed by the hackers thats why we need to Secure every transaction.
Yes i am totally agree with you and i am concerning about the security too many times. Our 12 words pass phareses nearly impossible to break. A far as i know it needs decades to brake it. But the technology is moving forward so fast, so i am sure that in nea future the hackers will find quickest ways to brake our passwords and it would be very dangerous for all of us.
I agree that bitcoin banks could be a good idea. They'd be different from regular banks, certainly, but providing a safe way to store bitcoins and interact with them is a good service.
If you have a good safe system, storing gold in your house is a viable option if you don't want to trust banks or whoever else.
If you have a good computing environment that is secure, storing bitcoins yourself is a viable option.
If you have a good safe system, storing gold in your house is a viable option if you don't want to trust banks or whoever else.
If you have a good computing environment that is secure, storing bitcoins yourself is a viable option.
+1
Except that online bitcoin banks are absolutely essential.
It's good that bitcoins *can* be stored independently of banks, but most people simply don't have the expertise to secure significant amounts locally.
No it is not a good idea. And They already exist. You know them by the name "exchanges".
Coinbase, binance and bitfinex are a bank if that's what you want but no bank is moronproof and history will repeat itself again.
What you need is a solid education.
If you knew how easy it was to create a safe paper wallet to hide your coins, you wouldn't ask for help from the banks. This whole FIAT currency and its mess exist today because of the lazy people like you two.
Because many Lazy people ran away from their personal responsibilities and let other people decide for the future of their financial assets. If you again let the banks decide, we will end up with the same crap we are having today.
Be your own bank. If you can't, learn how to.
If you are too lazy to learn how to, devolve and die poor.
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I agree that bitcoin banks could be a good idea. They'd be different from regular banks, certainly, but providing a safe way to store bitcoins and interact with them is a good service.
If you have a good safe system, storing gold in your house is a viable option if you don't want to trust banks or whoever else.
If you have a good computing environment that is secure, storing bitcoins yourself is a viable option.
If you have a good safe system, storing gold in your house is a viable option if you don't want to trust banks or whoever else.
If you have a good computing environment that is secure, storing bitcoins yourself is a viable option.
+1
Except that online bitcoin banks are absolutely essential.
It's good that bitcoins *can* be stored independently of banks, but most people simply don't have the expertise to secure significant amounts locally.
Promoting USB memory sticks with a linux OS and a bitcoin wallet is better idea.
You have two wallets, the day to day one in your normal computer and the "rich" one, with most of your funds in the USB. When you want to transfer funds from the "rich" wallet you turn off the computer, insert the USB and turn on the computer so it loads the OS from the USB. Then you transfer the funds, close the computer and remove the USB.
You have two wallets, the day to day one in your normal computer and the "rich" one, with most of your funds in the USB. When you want to transfer funds from the "rich" wallet you turn off the computer, insert the USB and turn on the computer so it loads the OS from the USB. Then you transfer the funds, close the computer and remove the USB.
No. USB sticks are phenomenally likely to break or corrupt your data. Or get stolen, lost etc.
You got cryptography and error correction for that purpose. A single USB would be not enough, of course.
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