How to protect against the bitcoin robbery?

manselr

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Quote from: ThEmporium on June 09, 2015, 11:28:31 AM

Quote from: Huobi-USD on June 09, 2015, 03:26:27 AM

Bitcoin Stolen at Gunpoint in New York City Robbery
http://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/

I think, the victim and robbers known each other before, perhaps they would have some heated arguments and it went rise to this situation. However this is not to do anything with Bitcoins business or it brought any defamation to Bitcoins trading. Don't they have any other important news to be published, totally wasted time and money on such lame articles.

I just can't conceive another scenario that isn't a pre-set meetup of 2 persons that want to exchange cash for BTC or BTC for BTC. That's all. I don't think it's possible to go around robing people for BTC, because first of all, it's not widespread enough for the random person to have any BTC, and second of all, there is absolutely no way to know a guy owns BTC or not. It's nonsense to be in fear of being robbed for your BTC, you should fear being robbed for having physical cash with you if anything.

Dotakels

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Quote from: WhatTheGox on June 11, 2015, 03:40:18 AM

Quote from: Huobi-USD on June 09, 2015, 03:26:27 AM

Bitcoin Stolen at Gunpoint in New York City Robbery
http://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/

Dont ever tell anyone you have large amounts of bitcoin. Be street wise in general. If you want to be super safe dont keep your passwords and wallet in the same location. If you put yourself in dangerous situations its not just bitcoin you can lose.

Yeah make your coins diversify to your different address and make sure that you have a backup data so that you can avoid the loss of your coins. And also be wisely.

WhatTheGox

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Quote from: Huobi-USD on June 09, 2015, 03:26:27 AM

Bitcoin Stolen at Gunpoint in New York City Robbery
http://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/

Dont ever tell anyone you have large amounts of bitcoin. Be street wise in general. If you want to be super safe dont keep your passwords and wallet in the same location. If you put yourself in dangerous situations its not just bitcoin you can lose.

Amph

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Quote from: countryfree on June 10, 2015, 04:38:45 PM

You can always have several wallets, and only carry with you the details about the one with the least money in it. Now, a smartphone is too small to use for BTC or banking operations. Easy to steal and conceal. I recommend using a true computer.

the problem is that bitcoin can't be put inside your pocket, they are digital, you need a phone to spend them outside of your house, and unless someone come up with something more cheap(but still secure enough) that can do a bitcoin transaction without the need of your pc or any other mobile devices, the problem will not be solved

Quote from: fatguyyyyy on June 10, 2015, 05:38:02 PM

do the deal in a public place

still not 100% secure, the malicious person you met, could hide a gun in his jacket, and obliged you to move on another place, it may sounds like a scene froma movie, but it is surely possible

turvarya

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Quote from: Beliathon on June 10, 2015, 08:54:38 AM

Quote from: turvarya on June 09, 2015, 03:43:30 AM

I guess the question is:
What do you to, if someone asks you at gunpoint for all the Bitcoin you have on you or how to we prevent that?
At some point, robbers will know, that you most probably have a wallet on your phone.
The most reasonable answer in my opinion is: Don't have too much money on your phone.

Appeal to their rational self-interest.

"Kill me and you get no btc, plus you'll be wanted for murder. Odds are very high that you'll get caught and spend the rest of your days rotting in some rape-dungeon. Have you ever gotten away with murder before? Didn't think so. Now fuck off"

The people robbing you at gunpoint have no intention of firing that weapon, they aren't prepared to commit murder, they don't have the operational security to get away with the crime, and if you call their bluff, they are fucked.

Seems like, you have watched too many bad movies. That behavior will most likely get you killed. We are talking about the real world, where people sometimes get killed for ridiculous reasons.
Edit:
Do you know the film Last Action Hero?
https://www.youtube.com/watch?v=ubLwkPcV3OI

fatguyyyyy

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Bitcoin Mixer: https://BitLaunder.com

do the deal in a public place

tvbcof

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Quote from: futurebit640 on June 10, 2015, 08:57:01 AM

A person must be diligent when meeting up to sell bitcoin ...Always meet in a well lit and high traffic area and be diligent with your surroundings.

I've never done it, but for significant transactions I always thought I'd just set up a number of blockchain.info accounts with fractions of the expected total. Buyer gives me some cash, I drain one. Buyer gives me some more cash, I drain another. Do it in the lobby of a bank and take the cash right to the teller window. Maybe even several times to make sure I was not getting counterfeit fiat.

Sure, it might attract attention, but Bitcoin is not illegal in my country and I'm a customer of the bank (who uses my 'high powered money' to create new money and charge interest on it) so it would be uncomfortable for them to kick me out of their lobby.

---

My bank tried to make me feel weird/dumb for messing around with Bitcoin but since I had made a fuck-load of money in speculation on it, and everyone at the bank knew it, it was a little bit difficult to pull off. Ultimately they canceled one of my bank accounts (which was used exclusively to interact with Coinbase) due to risk but they steadfastly refused to produce anything in writing.

countryfree

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Your country may be your worst enemy

You can always have several wallets, and only carry with you the details about the one with the least money in it. Now, a smartphone is too small to use for BTC or banking operations. Easy to steal and conceal. I recommend using a true computer.

futurebit640

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A person must be diligent when meeting up to sell bitcoin ...Always meet in a well lit and high traffic area and be diligent with your surroundings.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: turvarya on June 09, 2015, 03:43:30 AM

I guess the question is:
What do you to, if someone asks you at gunpoint for all the Bitcoin you have on you or how to we prevent that?
At some point, robbers will know, that you most probably have a wallet on your phone.
The most reasonable answer in my opinion is: Don't have too much money on your phone.

Appeal to their rational self-interest.

"Kill me and you get no btc, plus you'll be wanted for murder. Odds are very high that you'll get caught and spend the rest of your days rotting in some rape-dungeon. Have you ever gotten away with murder before? Didn't think so. Now fuck off"

The people robbing you at gunpoint have no intention of firing that weapon, they aren't prepared to commit murder, they don't have the operational security to get away with the crime, and if you call their bluff, they are fucked.

bornil267645

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AltoCenter.com

Nothing is different in terms of wallet basic. You will need to keep it as simple and small as possible. Try to keep sub wallets in your phone and don't show any bravery at gunpoint Cool

Dotakels

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Quote from: JayCoDon on June 09, 2015, 11:11:53 AM

If you are going to trade bitcoin physically, do it in a public place. Also, the same way as you don't walk around with all your money in your wallet, don't walk around with all your bitcoin accessible on your phone. Store bitcoin in your vault and then take only what you need.

Yeah and also follow some tip in different thread in this forum. And i think you should have a knowledge about the that person.

Kprawn

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Source : Coindesk {The Crypto Currency website, not accepting Bitcoin} Huh

Would you be so stupid to meet with someone you met on Craiglist? If you are into back alley deals, you might consider that. {Just remember, the person you are meeting, are also there for the wrong reasons}

We live in a world, where stupidity have no borders and greed are abundant. If this person used the correct methods, he would not have been robbed. {Meet in public, take two friends, and start with small amounts, until you have built a relationship with the other person}

You are not buying drugs or prostitutes... you are buying Bitcoin. Why do you need to hide your transaction?

People go this route, to hide something... tax evasion / money laundering .... whatever the reason, be vigilant and use common sense.

ThEmporium

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Quote from: Huobi-USD on June 09, 2015, 03:26:27 AM

Bitcoin Stolen at Gunpoint in New York City Robbery
http://www.coindesk.com/bitcoin-stolen-new-york-gunpoint-robbery/

I think, the victim and robbers known each other before, perhaps they would have some heated arguments and it went rise to this situation. However this is not to do anything with Bitcoins business or it brought any defamation to Bitcoins trading. Don't they have any other important news to be published, totally wasted time and money on such lame articles.

JayCoDon

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Merit: 0

If you are going to trade bitcoin physically, do it in a public place. Also, the same way as you don't walk around with all your money in your wallet, don't walk around with all your bitcoin accessible on your phone. Store bitcoin in your vault and then take only what you need.

The Young Turk

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DAVID CHAUM's xx coin SALE IS NOW LIVE!

- Don't make a deal without escrow. (Ps: escrow might be robber's friend be careful).
- Choose safe spots to make exchange (of course in daylight & crowd public).

Also you may hire a guard with a firearm to feel safe Grin

BTCevo

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The point is how is your bitcoin being robbed if they didnt know you have a lot of it unless you blabbering all out to every people that you meet because it is digital coin and you played it online. How are they suppose to know how many you got or did you use it or not? Lets not talked about it anyway, so lets back on topic, I dont know whether you want to save it or to protect it you should turn all of your bitcoin to paper wallet and save it in the safest place. That is the most good things that you can do for now

kingcolex

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I guess you could either carry a dummy paper wallet with a faked public address QR showing a balance or have two apps with one only having a couple dollars worth of btc. I mean unless you meet to sell no one will know you're carrying btc.

AT101ET

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Well seing as you posted a link to the gun robbery then I assume you mean protecting yourself when selling BTC in person? If so, then the answer is simple. Always keep to a public place. Don't make the mistake this guy did and be persuaded to follow him to his car or any private area for that matter. If you're in public then you're almost entirely safe.

spazzdla

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Quote from: ajareselde on June 09, 2015, 05:59:04 AM

Quote from: jacktheking on June 09, 2015, 03:48:04 AM

In my country, no normal people is allowed to have gun. So there's no need to worry. If my phone was stolen, I could just quickly recover it following Mycelium steps on their website.
My phone (Mycelium) store all the Bitcoin I have. I use it because it is easier to access. There is no need to open computer whenever I need them. Just in case, I might be storing some in my computer sometime later.

1. People not being allowed to carry or own a gun by law apsolutely does not mean that they wont have one.
2. It doesn't matter which client you use if you are forced at gunpoint to send ur coins. There's no recovery or chargeback when it's done. Read the topic, it's about a robbery, not a lost device with wallet.

There was a story about a firefighter some time ago, that also had similar case; i thought people learned from his mistake and stopped making back alley transactions.
I exchange person to person sometimes too, ofter with a nice sums of money, but it's always in an open public place, it's just the safest thing to do.
You show that you have claimed balance, but don't unlock you wallet, they pay up, and then you send them coins; easy as that. If they don't like the terms, i walk away, and that's that.

cheers

This guy gets it!! UNlike most of the dumbass public.. God the average person is so fucking stupid..

The idea making it Illegal will 100% prevent it.. only a complete and utter fuck tard could think this.

Topic: How to protect against the bitcoin robbery? (Read 1714 times)