TheFrog,
This needs to be stickied! A few silly questions:
1.USB backup I get. What is a SD card? Since they are physical storage devices, what do you mean store them in different locations?
2.At what point do you create new addresses? How does that affect encryption? In other words, if you create a new address, does your old passphrase work and will you still be able to send and receive coins normally? What about if you did a wallet import on a new DGB wallet upgrade?
3.How do you dump the private key? Where do you do that function?
4.Do you have a VM for each address? How do you secure those?
Thanks in advance! Awesome contributions!
YC
First rule, set a really really good pass phrase.
Make a digital backup, USB and SD card, store them in different locations. DO THIS WHENEVER YOU ADD NEW ADDRESS TO YOUR WALLET.
Second rule, 'dumpprivkey' - dump your private key to any address you have. Print 4 copies of it, put it in a sealed envelope and have friends family bank vault keep each.
DO THIS WHENEVER YOU ADD NEW ADDRESS TO YOUR WALLET.
If you have couple of hours to sped, for gods' sake set up a VM on your machine and install separate machine ONLY FOR YOUR WALLET, and use only this virtual machine whenever you need to send coins. Don't use it for chat, internet, facebook, -- fill whatever 'mainstream' software you use on your day to day computer.
You don't have to keep your wallet online to receive coins. It's just when you want to spend them, the wallet has to be synchronized with the network.
TheFrog,
Couldn't agree more. We all need to do a bit more investigating on how to secure coins more important even on a wallet? Does anyone know anything about this? I know there was a conversation about paper wallets, cold storage, etc.
YC
I agree. And for the record... DEFINITELY not in favour of a rollback!! Seriously? I didn't know this was possible. Oops... something has happened with our coin that we don't like .... lets just roll the blockchain back a few hours to fix it. Er... NO! That makes me seriously nervous! Theft sucks... but lets make it secure then... not just say oh well, roll back time!
This can happen to any coin. If people are dumb and keep al the coins in exchanges.
It's like asking for something like this to happen.
Don't be lazy, download the wallet, set reasonable passphase on it, and be safe.