My Bitcoins are not stolen .. | Bitcointalksearch.org

DjPxH

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Activity: 210

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Quote from: Beliathon on July 21, 2014, 04:34:28 PM

Quote from: jonanon on July 20, 2014, 04:07:18 AM

Surely having to go to such lengths to protect your Bitcoin is only going to make it harder for mass adoption?

Things will change in time. Bitcoin will become easier, more user-friendly, more secure for the average joe.

When that happens, you will know. Because you will be rich.

'If that happens', I guess! We can't know for sure if the whole experiment succeeds. Well, the experiment will succeed anyways, it already has. But if the technology 'Bitcoin' will succeed remains to be seen.
Also, maybe we won't be rich if our Bitcoins are stolen before that happens Tongue

CharHill

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Quote from: Muhammed Zakir on July 21, 2014, 03:17:11 PM

Quote from: CharHill on July 21, 2014, 09:58:26 AM

How do someone can stole that?? Is the btc are not protected by stole??

There are Malwares and Trojans for stealing BTC. If they got access to your computer which has wallet, then there is a likely chance of stealing your BTC.
Kindly,
MZ

But then, you would protect your PC, and btc protect include protects of all users. It's so sad i think.

Beliathon

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Activity: 784

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https://youtu.be/PZm8TTLR2NU

Quote from: jonanon on July 20, 2014, 04:07:18 AM

Surely having to go to such lengths to protect your Bitcoin is only going to make it harder for mass adoption?

Things will change in time. Bitcoin will become easier, more user-friendly, more secure for the average joe.

When that happens, you will know. Because you will be rich.

spazzdla

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Good write up! I do something similar.

BitcoinLlama

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Quote from: tayfun73 on July 20, 2014, 07:04:44 AM

Quote from: jonanon on July 20, 2014, 04:07:18 AM

Surely having to go to such lengths to protect your Bitcoin is only going to make it harder for mass adoption?

Quoted for truth

It is likely bitcoin in 10-20 years will look different than how it does today, possibly easier for "the mass" to adopt.

Muhammed Zakir

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I prefer Zakir over Muhammed when mentioning me!

Quote from: BCEmporium on July 21, 2014, 03:35:49 PM

Taken on a different approach; the bitcoins I lost along the way. All of them were to online services, namely MtGox then MyBitcoin.com (same user/pwd combo) then MyBitcoin.com again (MBC went offline).
So whatever you do I would always recommend to stay away from online wallets and just leave at an exchange what you intend to exchange in a short term.

Earlier I used walllets on my pc but because of network problems, now I am using Blockchain wallet. I think it is secure.

Anyway, I too suggest to stay away from online wallet unless you don't have any other options.
Kindly,
MZ

BCEmporium

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Taken on a different approach; the bitcoins I lost along the way. All of them were to online services, namely MtGox then MyBitcoin.com (same user/pwd combo) then MyBitcoin.com again (MBC went offline).
So whatever you do I would always recommend to stay away from online wallets and just leave at an exchange what you intend to exchange in a short term.

BitcoinLlama

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Interesting and secure... you could teach classes on this...Bitcoin needs it.

seriouscoin

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Quote from: CrackedLogic on July 21, 2014, 10:52:49 AM

Quote from: bitbinn on July 21, 2014, 10:43:02 AM

so what is the best way to secure my bitcoins so they won`t be stolen?

It depends on the amount and what you're comfortable with.

I have an external portable drive that has my most of my bitcoins stored with it, it's running with bitcoin core.

I only connect it to the internet once a month to update for the blockchain.

I know my private keys off by heart and I have a stored copy of it in my dad's vault.

Just dont come back here and cry when you lose your coins ok kiddo?

The worst in security is when you think you're secured.

Muhammed Zakir

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Activity: 560

Merit: 506

I prefer Zakir over Muhammed when mentioning me!

Quote from: CharHill on July 21, 2014, 09:58:26 AM

How do someone can stole that?? Is the btc are not protected by stole??

There are Malwares and Trojans for stealing BTC. If they got access to your computer which has wallet, then there is a likely chance of stealing your BTC.
Kindly,
MZ

DjPxH

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Activity: 210

Merit: 100

Quote from: BCEmporium on July 21, 2014, 10:34:49 AM

Quote from: DjPxH on July 21, 2014, 10:02:30 AM

Quote from: Pepin on July 21, 2014, 09:27:52 AM

Here is what I do. For cold storage it is really simple. I keep copies of the public and private keys and send coins to the public address. I don't need to worry about any software until it is time to spend the coins, which I have never done to date.

Even then you won't necessarily have to worry about the keys! You could just sign your transactions on an offline device that's never connected to the internet and then publish the transaction on your main machine. That way no one can ever get hold of your private keys!

Depends on how much of BTC you have, if it is just a few bitcents won't pay of for have a dedicated computer for it.

You don't have to. Just have a dedicated partition for it or use a live cd to sign those transactions. That way you'd have to spend 0.50-5.00 USD I guess...

CrackedLogic

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Quote from: frankh13 on July 21, 2014, 11:27:59 AM

Quote from: CrackedLogic on July 21, 2014, 10:52:49 AM

Quote from: bitbinn on July 21, 2014, 10:43:02 AM

so what is the best way to secure my bitcoins so they won`t be stolen?

It depends on the amount and what you're comfortable with.

I have an external portable drive that has my most of my bitcoins stored with it, it's running with bitcoin core.

I only connect it to the internet once a month to update for the blockchain.

I know my private keys off by heart and I have a stored copy of it in my dad's vault.

But btc includes security of 2 times spent, and how can you to make your transactions more safely??

Oh, that wallet only receives. Im planning to hodl it hard.

frankh13

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Activity: 35

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Quote from: CrackedLogic on July 21, 2014, 10:52:49 AM

Quote from: bitbinn on July 21, 2014, 10:43:02 AM

so what is the best way to secure my bitcoins so they won`t be stolen?

It depends on the amount and what you're comfortable with.

I have an external portable drive that has my most of my bitcoins stored with it, it's running with bitcoin core.

I only connect it to the internet once a month to update for the blockchain.

I know my private keys off by heart and I have a stored copy of it in my dad's vault.

But btc includes security of 2 times spent, and how can you to make your transactions more safely??

CrackedLogic

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Activity: 1050

Merit: 1000

Quote from: bitbinn on July 21, 2014, 10:43:02 AM

so what is the best way to secure my bitcoins so they won`t be stolen?

It depends on the amount and what you're comfortable with.

I have an external portable drive that has my most of my bitcoins stored with it, it's running with bitcoin core.

I only connect it to the internet once a month to update for the blockchain.

I know my private keys off by heart and I have a stored copy of it in my dad's vault.

bitbinn

newbie

Activity: 55

Merit: 0

so what is the best way to secure my bitcoins so they won`t be stolen?

BCEmporium

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Quote from: DjPxH on July 21, 2014, 10:02:30 AM

Quote from: Pepin on July 21, 2014, 09:27:52 AM

Here is what I do. For cold storage it is really simple. I keep copies of the public and private keys and send coins to the public address. I don't need to worry about any software until it is time to spend the coins, which I have never done to date.

Even then you won't necessarily have to worry about the keys! You could just sign your transactions on an offline device that's never connected to the internet and then publish the transaction on your main machine. That way no one can ever get hold of your private keys!

Depends on how much of BTC you have, if it is just a few bitcents won't pay of for have a dedicated computer for it.

DjPxH

full member

Activity: 210

Merit: 100

Quote from: Pepin on July 21, 2014, 09:27:52 AM

Here is what I do. For cold storage it is really simple. I keep copies of the public and private keys and send coins to the public address. I don't need to worry about any software until it is time to spend the coins, which I have never done to date.

Even then you won't necessarily have to worry about the keys! You could just sign your transactions on an offline device that's never connected to the internet and then publish the transaction on your main machine. That way no one can ever get hold of your private keys!

CharHill

newbie

Activity: 56

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How do someone can stole that?? Is the btc are not protected by stole??

Pepin

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Activity: 57

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Here is what I do. For cold storage it is really simple. I keep copies of the public and private keys and send coins to the public address. I don't need to worry about any software until it is time to spend the coins, which I have never done to date.

BCEmporium

legendary

Activity: 1218

Merit: 1000

That issue exists for brain and regular wallets with password.
Multisig can help if you want to force your children to come together after you die, as they will need each other to be able to access the key. Otherwise is more for e-commerce escrowing.

My idea around that one was to built a password I could explain "how is it made" in a way that my descendants are able to access it after one month of trying or so; the money there worth the try. Still 1 BTC is holding half-way and kept as watch only address as trip wire in case they try to get it before I'm gone.

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