You really believe BTC Global is a scam?
If not an outright scam, then 'paying for less security than not using their service'... still a scam.
Topic: First Bitcoin vault? - page 2. (Read 8134 times)
If not an outright scam, then 'paying for less security than not using their service'... still a scam.
You really believe BTC Global is a scam?
I disagree. You would only need a "Bitcoin safe" if you know and at least sort of understand what Bitcoins are.
Not really, all you have to have to know is that they were valuable. To rich people - valuable things are stored in shiny vaults with lasers in a country where the government and bank have an understanding. They are anticipating future demand of a such a service, and rightfully so.
To make Bitcoins mainstream, you'd have to get lots of people using Bitcoins to buy and sell goods/services, only then will these Bitcoin safes make sense to the general population.
Again - they are anticipating the future value of BTC. They are betting that Bitcoin will become widely used, a very good sign.
I really am surprised at all the negativity here. The fact that there is even "unconfirmed" evidence of a high security Bitcoin vault, a 300k+ per second trade engine, and a Bitcoin exchange haven in South America with support from the local government, all to be operational in the next couple months is extremely "bullish" news at the least.
Wonderful, and all supplied by a company that doesn't show any real address and doesn't appear to be registered anywhere. I'm sure the millionaires will be queuing up to hand over their cash and Bitcoins, well me, I'll trust my 20 btc is safe on my 3 pen-drives.
I disagree. You would only need a "Bitcoin safe" if you know and at least sort of understand what Bitcoins are.
Not really, all you have to have to know is that they were valuable. To rich people - valuable things are stored in shiny vaults with lasers in a country where the government and bank have an understanding. They are anticipating future demand of a such a service, and rightfully so.
To make Bitcoins mainstream, you'd have to get lots of people using Bitcoins to buy and sell goods/services, only then will these Bitcoin safes make sense to the general population.
Again - they are anticipating the future value of BTC. They are betting that Bitcoin will become widely used, a very good sign.
I really am surprised at all the negativity here. The fact that there is even "unconfirmed" evidence of a high security Bitcoin vault, a 300k+ per second trade engine, and a Bitcoin exchange haven in South America with support from the local government, all to be operational in the next couple months is extremely "bullish" news at the least.
I think you guys are missing the point.
Their target customers are obviously not the type of people who frequent this forum. That's why this is exciting.
Whether you would use the service or not is irrelevant. They're looking mainstream.
Their target customers are obviously not the type of people who frequent this forum. That's why this is exciting.
Whether you would use the service or not is irrelevant. They're looking mainstream.
I disagree. You would only need a "Bitcoin safe" if you know and at least sort of understand what Bitcoins are.
To make Bitcoins mainstream, you'd have to get lots of people using Bitcoins to buy and sell goods/services, only then will these Bitcoin safes make sense to the general population.
I think you guys are missing the point.
Their target customers are obviously not the type of people who frequent this forum. That's why this is exciting.
Whether you would use the service or not is irrelevant. They're looking mainstream.
Their target customers are obviously not the type of people who frequent this forum. That's why this is exciting.
Whether you would use the service or not is irrelevant. They're looking mainstream.
I'd rather just make my own security measures. Then I only need to trust myself 
All this hype about security measures is beside the point. Personally, I'm not giving significant amounts of bitcoins to anyone to hold unless they guarantee I will be able to withdraw my coins, and I have a reason to trust them to live up to their word.
I don't ask my bank how strong their vaults are. That's their problem. I trust they'd be in serious trouble if they decided on their own to take withhold my deposits from me in some way not allowed for in my contract with them. That trust is what anyone wishing to run a bitcoin vault needs to gain.
I don't ask my bank how strong their vaults are. That's their problem. I trust they'd be in serious trouble if they decided on their own to take withhold my deposits from me in some way not allowed for in my contract with them. That trust is what anyone wishing to run a bitcoin vault needs to gain.
So you're ready to put your money into a company that doesn't have a real address and isn't registered anywhere because they have a "good website".
I'm not about to put my money anywhere. I'm just watching the new developments rise. I could care less about arguments for or against Bitcoin banking, personally I prefer my own methods of keeping them safe. I am just observing this because I know other people will want vault banking like this, rich people who are used to the idea of secure offshore holdings, and would be impressed with laser cut crystals stored in converted maximum security prisons or whatever.
You have to admit, if this turns out to be legit, it will be pretty big news. Agreements with the Uruguay government and all that. It's another notch for Bitcoin. All I'm sayin.
Couldn't you just print out the private addresses and, I dunno, laminate it, and keep it somewhere safe? 
This all seems excessive, albeit really cool.
This all seems excessive, albeit really cool. http://btcglobal.net/products/btcoinsafe
Laser-engraved crystal wallet? That's more like it.
Quote
Only the paranoid survive. If only you could bury your bitcoins underground to stay safe from hackers, keyloggers, and rotten luck.
Opening your BTCoinSafe account:
Creates a laser-engraved crystal wallet.
Secures the crystal wallet in an indestructible medium.
Deposits your wallet in the deepest reaches of a retrofitted high-security prison.
You can check your balance whenever you want on bitcoin's public accounting ledger, the blockchain. And to add funds, just send them to your BTCoinSafe public address. Withdrawing funds takes a bit more time—wallets are only accessed in an isolated panic room under a stringent protocol with your authorization.
At intervals, we'll contact you to see how you're doing. If you fail to respond several times, we assume the worst, shut down your account, and send your bitcoins to other public addresses specified at the creation of your account.
Opening your BTCoinSafe account:
Creates a laser-engraved crystal wallet.
Secures the crystal wallet in an indestructible medium.
Deposits your wallet in the deepest reaches of a retrofitted high-security prison.
You can check your balance whenever you want on bitcoin's public accounting ledger, the blockchain. And to add funds, just send them to your BTCoinSafe public address. Withdrawing funds takes a bit more time—wallets are only accessed in an isolated panic room under a stringent protocol with your authorization.
At intervals, we'll contact you to see how you're doing. If you fail to respond several times, we assume the worst, shut down your account, and send your bitcoins to other public addresses specified at the creation of your account.
Laser-engraved crystal wallet? That's more like it.
I'm already doing it:
https://bitcointalksearch.org/topic/bitcoin-private-keys-engraved-in-diamond-197793
Bitcoin Private Keys in Diamond. :-)
BTW: OP that link looks ridiculous. I wouldn't trust it for a minute. They say for example they will check on you regularly and if you don't respond they will send your bitcoins somewhere. Which means they can send your bitcoins anytime. Which means you're gonna get f*cked. 100% guaranteed.
AND Crystal isn't indestructible. It's glass. It breaks pretty easily.
But dude, LASERS! LAZORRRRS!
http://btcglobal.net/products/btcoinsafe
Laser-engraved crystal wallet? That's more like it.
Quote
Only the paranoid survive. If only you could bury your bitcoins underground to stay safe from hackers, keyloggers, and rotten luck.
Opening your BTCoinSafe account:
Creates a laser-engraved crystal wallet.
Secures the crystal wallet in an indestructible medium.
Deposits your wallet in the deepest reaches of a retrofitted high-security prison.
You can check your balance whenever you want on bitcoin's public accounting ledger, the blockchain. And to add funds, just send them to your BTCoinSafe public address. Withdrawing funds takes a bit more time—wallets are only accessed in an isolated panic room under a stringent protocol with your authorization.
At intervals, we'll contact you to see how you're doing. If you fail to respond several times, we assume the worst, shut down your account, and send your bitcoins to other public addresses specified at the creation of your account.
Opening your BTCoinSafe account:
Creates a laser-engraved crystal wallet.
Secures the crystal wallet in an indestructible medium.
Deposits your wallet in the deepest reaches of a retrofitted high-security prison.
You can check your balance whenever you want on bitcoin's public accounting ledger, the blockchain. And to add funds, just send them to your BTCoinSafe public address. Withdrawing funds takes a bit more time—wallets are only accessed in an isolated panic room under a stringent protocol with your authorization.
At intervals, we'll contact you to see how you're doing. If you fail to respond several times, we assume the worst, shut down your account, and send your bitcoins to other public addresses specified at the creation of your account.
Laser-engraved crystal wallet? That's more like it.
I'm already doing it:
https://bitcointalksearch.org/topic/bitcoin-private-keys-engraved-in-diamond-197793
Bitcoin Private Keys in Diamond. :-)
BTW: OP that link looks ridiculous. I wouldn't trust it for a minute. They say for example they will check on you regularly and if you don't respond they will send your bitcoins somewhere. Which means they can send your bitcoins anytime. Which means you're gonna get f*cked. 100% guaranteed.
AND Crystal isn't indestructible. It's glass. It breaks pretty easily.
If this website was 100% legit and I had like 1000 BTC I would consider storing some money there.
So you're ready to put your money into a company that doesn't have a real address and isn't registered anywhere because they have a "good website".
No no no, they HAD adresses, but they removed them after I made fun of the ghetto hovels they lived in.
So you're ready to put your money into a company that doesn't have a real address and isn't registered anywhere because they have a "good website".
The banks are the guys with the guns. Also, "your savings are stored safely away in Uruguay or wherever", 
Why would you go through all that trouble for security, but allow these people to have full access to your wallet? Buy your own engraver and bury the "wallet" in your backyard!
http://www.amazon.com/Dremel-290-01-Stroke-Engraver-Template/dp/B0000302YN
http://www.amazon.com/Dremel-290-01-Stroke-Engraver-Template/dp/B0000302YN
I think because having your money in a bank gives you plausible deniability. If someone sticks a gun in your face or the face of a loved one, you don't have access to that money. You could deter would-be attackers by making it public knowledge your savings are stored safely away in Uruguay or wherever.
diamondcrystallasersharkpanicprison!
Why would you go through all that trouble for security, but allow these people to have full access to your wallet? Buy your own engraver and bury the "wallet" in your backyard!
http://www.amazon.com/Dremel-290-01-Stroke-Engraver-Template/dp/B0000302YN
http://www.amazon.com/Dremel-290-01-Stroke-Engraver-Template/dp/B0000302YN
When will the vast armies start to surround Uruguay? 
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