Topic: HOWTO: create a 100% secure wallet - page 14. (Read 276150 times)
Good info.
Sounds like you've put a fair amount of thought into what you've put up here and I appreciate that. Thanks!
I noticed the Winkelvoss (sp?) twins are storing their bitcoin stuff in traditional banks and in different cities to boot. Given their Harvard education and resources available to them, I suspect they are doing the "right" thing.
I wouldn't be surprised to learn that about 5% or more of all bitcoins are either lost (forgotten passwords or keys), destroyed (harddrives and other media destroyed), forgotten about or people died without telling anyone what they had and an estimated 1% or less due to theft.
I tend to think that all those harddrives people have stored their bitcoin data on have a fairly predictable failure rate which over time can add up to some serious losses. I like you think of using some type of redundancy and even preferably some different types of media for storage e.g. paper ledger, usb flash drive, physical container, etc. is the way to go and I also like your idea of keeping a small wallet for small purchases and a larger more secure wallet for larger amounts.
Again...Thanks!
I noticed the Winkelvoss (sp?) twins are storing their bitcoin stuff in traditional banks and in different cities to boot. Given their Harvard education and resources available to them, I suspect they are doing the "right" thing.
I wouldn't be surprised to learn that about 5% or more of all bitcoins are either lost (forgotten passwords or keys), destroyed (harddrives and other media destroyed), forgotten about or people died without telling anyone what they had and an estimated 1% or less due to theft.
I tend to think that all those harddrives people have stored their bitcoin data on have a fairly predictable failure rate which over time can add up to some serious losses. I like you think of using some type of redundancy and even preferably some different types of media for storage e.g. paper ledger, usb flash drive, physical container, etc. is the way to go and I also like your idea of keeping a small wallet for small purchases and a larger more secure wallet for larger amounts.
Again...Thanks!
Great Info. I however take backups on my Raid storage.
thx
Strange, I watched The Big Lebowski last night, for the second time. And Dude! Here you are. Must be a sign.#
Nice alternative idea on a secure wallet.
IAS
Great post.
Great guide, thanks for write up. I would say though, that it is a bit too complicated for day-to-day use. Seems like driving into the forest to bury a chest and have to come back every sometime to replenish the spending wallet. Will certainly teach you to leave it alone for sometime, which is a good thing, and you would, hopefully, still remember the steps to get it back when you need to.
Thanks for this guide!
Any particular reason you're using a flash drive instead of just running a live CD?
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Unless of course you're using a laptop without a CD drive or something...
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Unless of course you're using a laptop without a CD drive or something...
You R almost there ... I plan to change to a new laptop something that may not have a cd drive
is there a hardware wallet similar to the desktop software ?
I've tried to create a bootable Linux flash drive with DAMM SMALL LINUX or DSL and all is well except , I can't connect to the Internet when I boot using damn small Linux and can't use the mouse as well
Any help appreciated
Regards
Any particular reason you're using a flash drive instead of just running a live CD? My understanding is you just need to boot up in an untouched environment for the purpose of installing software to access the wallet you backed up. Might as well go with something quick and easy...Ubuntu seems to have drivers included for just about every device.Any help appreciated
Regards
Unless of course you're using a laptop without a CD drive or something...
I've tried to create a bootable Linux flash drive with DAMM SMALL LINUX or DSL and all is well except , I can't connect to the Internet when I boot using damn small Linux and can't use the mouse as well
Any help appreciated
Regards
Any help appreciated
Regards
I was planning on just backing up my existing wallet using Truecrypt, but this seems like a better option. Thanks for the writeup!
good
Thanks. Somehow this will need to made simpler if Bitcoin is going to ever be accepted into the mainstream of society.
Hardware wallets. Coming to a bitcoin store near you soon?
Thanks a lot for this great article!
Thanks. Somehow this will need to made simpler if Bitcoin is going to ever be accepted into the mainstream of society.
Thanks.
2 factor athentification is very good for the securyti, also the websites wallet are more secure
There is no such thing as 100% security. Be vigilant!
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