Unfortunately you can't help everyone and teach people how to manage their money. They must learn the hard way.
Frequent loss of password or trouble with private keys exporting/importing was a reason HD wallets were born. But it still is not enough for some users.
Even though deterministic wallets are much easier for users to manage, mishaps are still happening. And always will be.
Topic: People Losing Passwords & Wallets... - page 6. (Read 4239 times)
if you lose it in blockchain, I guess it will never go back, I never lost the address wallet my blockchain, and what, to this day I do not know it, and after it happened, I made a wallet new and secure all the information on it, I think you also have to do my friend, before it happens to you
I use block.io wallet i want to know is it safe to use.I use it because its pretty easy for me.
Can anyone tell me if this wallet is good or not...
if not then which wallet..
Can anyone tell me if this wallet is good or not...
if not then which wallet..
Block.io is a web wallet and its not the best option to use a web wallet. One should use a desktop wallet like Multibit or Electrum. They offer better security for your bitcoins but is up to you as a user to safeguard them the best way possible. By using these kind of wallets you don't need to enter your data , username and password every time like in block.io minimizing the risk of getting your coins lost.
Well when my computer burned it took with it 0,03btc it were a big ammount, im glad my main wallet is present at blockchain, thats online wallet, soo i trust those, i dont trust those we have to install, im afraid to open some bad page that give acess to my documents, and steall the words....
But sure this is a huge problem as people arent taken the right measures as i havent done the seed, soo coins lost forever.
But sure this is a huge problem as people arent taken the right measures as i havent done the seed, soo coins lost forever.
It has come to my attention, that people are starting to lose their passwords/wallets/access to bitcoin more and more often. They are either idiots or careless or just naive, but this really needs to stop.
When i was brand new to bitcoin, circa 2011-12, I had my bitcoins on a flash drive. Needless to say i put it through the washer. I was devastated. I came back though, and now make sure that i evenly distribute amongst a few separate wallets. These days though, I've been moving to fiat currency and I'm financing a new boat engine..
I use block.io wallet i want to know is it safe to use.I use it because its pretty easy for me.
Can anyone tell me if this wallet is good or not...
if not then which wallet..
Can anyone tell me if this wallet is good or not...
if not then which wallet..
The fractional reserve practices will not be done with bitcoin, because banks loaned money recklessly and the whole fiat banking system was developed to create this type of problem. Bitcoin has no reserve and
they do not manipulate the supply, so there is no threat of that happening in Bitcoin, if people start using centralized service to access their coins. While you hold the only private key to your Bitcoin stash, you
are the sole owner of these coins. I agree with you on one thing... people should be educated on password safety and how important private keys are.
they do not manipulate the supply, so there is no threat of that happening in Bitcoin, if people start using centralized service to access their coins. While you hold the only private key to your Bitcoin stash, you
are the sole owner of these coins. I agree with you on one thing... people should be educated on password safety and how important private keys are.
These days wallets have provided increased security features, so to retain their wallet even when password were lost. Possibly every small portion lost got lost from wallets have added a big volume under the lost list, which have some impact on the circulation.
If we don't make bitcoiners more responsible, then they will demand the existance of "bitcoin banks" that will store their bitcoins for them "safely".
If the newbies cannot be responsible, then they will hand over the control over their coins to middleman, centralized wallets, and we will accomplish nothing.
If the newbies cannot be responsible, then they will hand over the control over their coins to middleman, centralized wallets, and we will accomplish nothing.
Actually centralized wallets are not much safer for the newbies, without hardware walets like trezor or keepkey you cant make the use of Bitcoin safe for the masses. Current centralized wallets F2A is not good enought, and many Bitcoins are stealed from these services.
I'm not worried about their security, that can eventually improve. I'm worried about fractional reserve system on exchanges.
Hardware wallets might be too expensive for newbies living in poor countries, especially those joining from africa or SE asia
If we don't make bitcoiners more responsible, then they will demand the existance of "bitcoin banks" that will store their bitcoins for them "safely".
If the newbies cannot be responsible, then they will hand over the control over their coins to middleman, centralized wallets, and we will accomplish nothing.
If the newbies cannot be responsible, then they will hand over the control over their coins to middleman, centralized wallets, and we will accomplish nothing.
Actually centralized wallets are not much safer for the newbies, without hardware walets like trezor or keepkey you cant make the use of Bitcoin safe for the masses. Current centralized wallets F2A is not good enought, and many Bitcoins are stealed from these services.
Not only warning window which only show once, maybe also show the warning every days/weeks.
That would be an overkill, its enough to warn the user once, if he doesnt listen, then its a futile for that person.
So, doesnt matter what we try to do, these retards will always lose money.
And just to clarify, i do agree some services need more warnings and other helps, but a wallet doesnt seem the case.
Still its our task to make bitcoin userfriendly. Otherwise they will leave and start mocking bitcoin, stupid people can never admit their faults they always blame something else.
But bitcoin should not be a target for trolls, so we must be professional and helpful to newcomers.
ATM and banks dont say us how to manage the account, how to store the card and/or how to store our money... like you already said:
Actually they do, i got a user manual when i opened a bank account for first time at a bank.
And ATM's have a help page in them where you can read how to use it.
ATM and banks dont say us how to manage the account, how to store the card and/or how to store our money... like you already said:
So, doesnt matter what we try to do, these retards will always lose money.
And just to clarify, i do agree some services need more warnings and other helps, but a wallet doesnt seem the case.
They are either idiots or careless or just naive
So, doesnt matter what we try to do, these retards will always lose money.
And just to clarify, i do agree some services need more warnings and other helps, but a wallet doesnt seem the case.
The only way is to make a tutorial implemented in the actual wallets, before you use the wallet, it would explain you how to do it an secure your stuff. You have for example Electrum doing a good job with this, it tells you to save the seed and stuff.
Yes electrums does indeed do a damn good job at this, paper wallets needs to come back into style and the idea of keeping a small hot wallet be the norm. 
I think this is always worth mentioning. People seem to forget that there is no bitcoin incorporated or bank to help you do security. If you are doing it correctly, then you are the only one in charge of security. It's sad to see posts asking for the bitcoin "master key" or to have their account "reset".
If you lose access to your private key then no one on Earth can help. Not the NSA, not Satoshi Nakamoto, nobody.
If you lose access to your private key then no one on Earth can help. Not the NSA, not Satoshi Nakamoto, nobody.
i have to admit that i am a naive careless idiot because ive lost my wallet before but if anything its been a great learning experience and im pretty sure i wont make that mistake again. Nowadays i like to use different wallets the like of mycellium which forces you to write down your seed before you can continue as you have to type in the seed after its shown. After my first loss of a wallet its improved my security 10 fold.
The only way is to make a tutorial implemented in the actual wallets, before you use the wallet, it would explain you how to do it an secure your stuff. You have for example Electrum doing a good job with this, it tells you to save the seed and stuff.
all the wallets have some kind of warning that pops up and tells the user to backup and/or encrypt the wallet with a strong password.
besides i don't think making a tutorial or a pinned thread on the Beginners & Help section changes anything, because it is their money and those who are wise enough will think of making a backup and reading those warnings in the wallets themeselves.
and only those who are not so wise won't do that and when they have lost their money they will start searching about what happened and what they can do now!
The only way is to make a tutorial implemented in the actual wallets, before you use the wallet, it would explain you how to do it an secure your stuff. You have for example Electrum doing a good job with this, it tells you to save the seed and stuff.
why do you think most of the people use passwords like "123", "abcd", or their brithdays? because they lose/forget their passwords all the time. whether it is the password to open their physical lock or it is for their bitcoin wallet.
Also you might not want to reveal how you store your private keys online ,so just edit that post.
I think he is safe, those tokens have secret order of alignment, doubt that its easy to guess.Cleaver idea by the way. Good to know that some people know how to have a little fun in life, even with money.
And if more trendy leftist people join bitcoin, they usually have 0 responsibility, and...
You couldn't resist of throwing politics in to this subject, didn't you? 
Unfortunately this is true, people as a whole are generally stupid, uninformed and more users equals to more problems, obvious.
Warning idea seems good, but if someone is careless, greedy and unaware of his doings than I bet not even the best tutorials or big ass warnings will save him from loosing coins.
people have been losing their passwords for as long as passwords exist, and it is neither limited to bitcoin nor limited to internet.
why do you think most of the people use passwords like "123", "abcd", or their brithdays? because they lose/forget their passwords all the time. whether it is the password to open their physical lock or it is for their bitcoin wallet.
creating tutorials never change anything in this case.
why do you think most of the people use passwords like "123", "abcd", or their brithdays? because they lose/forget their passwords all the time. whether it is the password to open their physical lock or it is for their bitcoin wallet.
creating tutorials never change anything in this case.
I agree with you.
In fact, it's still obvious that old people prefer offline banking and finance and don't want to use Internet banking, online payments etc.
It's sad that even middle and younger age people don't understand fully benefits of Internet banking or online payments and also they are often not careful enough with their online passwords, online security etc.
It seems that we should teach people about Internet security already in the school.
I guess that some people are more careful about security and some less and it's probably depends on character of the person.
Jump to: