Topic: possible ways to make bitcoin's usage safe - page 2. (Read 3113 times)

Well kidnapping and mutilation exists even nowadays in extreme cases. Wallets would have a password too so thieves should even torture you to know the password. This is possible even nowadays, when people enter rich houses and kidnap people to know where money is. Difference is that bad guys would steal all your money.
But in the future you could put limits on btc daily transactions so to overcome this hypothesis.

As the security of fingerprint scanners becomes pervasive, expect common 'stickup' scenarios to include the amputation of the victim's forefinger.

Ok I am rather new to bitcoin so I don't know many things. If you lose your wallet (in pc or smartphone) and you don't have a backup (people can forget to do it) you have lost your money right? this should be overcome.
How? you should have an app with automatic backup. An app you only are allowed to use. You don't even need password, in the near future each smartphone will have fingerprints recognition. They already have and will. Then, iphone are hacking proof. Android devices would be if people did not install apk files from outside the Google play store. There are antivirus in the Google play too. So security is much less a problem in smartphones rather than in common Windows pc. So if you make good apps user friendly where you can store all your btc and backup when necessary, on my opinion it would burst bitcoin security a lot. No more problems of where to put bitcoin. You put them in the thing  you carry everywhere which is smartphone. This would push people to use btc when in markets accepting btc. The usage of btc would widespread. A lot.
On my opinion one of the problems of bitcoin is that most people leave it in pc at home, or in some exchangers, while since it is like cash, it should be carried like cash.
BUT with the added security that if you lose it, Noone can steal it. And you can backup it again.
Sorry for my English and my spelling guys. Greetings from. Italy.

Ok I have just had an idea. You don't need a cloud backup. You only need an automatic backup on your pc. With something telling you "now connect the USB cable to pc" and it will make an automatic backup inside a folder well protected and encrypted. Most important thing  on my opinion is that the new user is told Exactely what to do. I am rather new user and I find myself very uncomfortable many times with people telling what to do, because they consider as easy things which are not easy to me.

I wouldn't trust the "cloud" with pictures of my cat.  Why would I trust the "cloud" with my cash.

Dedicated devices that can't be tempered with. Regular mobile phones can be manipulated rather easily, thus we need more devices like the Trezor. Bitcoin will have a very difficult time overcoming the stupidity of its users, if I may say so...

yeah, a cloud. maybe the apple cloud   ?

if you remove all the buzz words like "cloud". and call the technology what it really is file hosting/remote data storage. and understand real life existant scenario's, you will see that ccloud services are not any better

EG
Apple celebrity photo leaks
blockchain.info wallet hacks
instawallet hacks
mtgox *cough* hacks

the op in his very first sentance had the right idea, although mis-spelled (don't worry we all mis-spell)


meaning TREAT BITCOINS LIKE CASH

if you dont trust a family member or a stranger on the street to hold onto hundreds of bank notes, why in hell would you post it to a remote location where you have never met the owner of the service face to face

Redundant idea is redundant.

The blockchain is already part of the cloud. It is the mechanism by which your bitcoins are stored in the cloud.

I don't use a Trezor, because I had already created a completely airgapped computer. But I get the concept. If you are incapable of copying 24 short words, and keeping these words around as a backup, hidden from others for all time, there is little hope for you as a human trying to survive in modern society. IOW, backing up a Trezor is trivially simple.

 A debit card of some kind that is accepted all over the world would be great.Maybe i'll live long enough to see it.
 
 
 

The common people use credit/debit cards. Our one of many solutions is to make a smart wallet (in a shape of a debit card) to be used on current POS systems we have today. This is how we obtain mass adoption. The average person knows how easy it is to use a debit/credit card. Simplicity will obtain mass adoption. Look at the iPhone, the iPad, and why are they so popular? Its simple and easy to use. TREZOR is good, though for the average person, it will be confusing with the terms "cold storage" and even I am confused by how it all works. Its a good niche market. Though I feel that the average person wouldn't understand it.

The other option is to develop highly secure Apps for smart phone users. Though in the real world, who wants to pay at the terminal with their smart phone? It seems like too much of a hassle to grab your phone, open up the app, punch in your passwords, if in reality they could just pay EASILY with their debit/credit card with a quick swipe.

Its feels like an endless debate and we need solutions.

Regarding to your idea about cloud, there are a lot of issues arising, such as security, usability, reliability etc. If you fear to lose the device, you can use the online wallet like blockchain.org, which has been the most popular and reliable so far.

It would be a bad idea for everyone to keep their private keys in one cloud service (centralized or not). This would create a single entity that an attacker would know that a lot of private keys are stored. Even if your private keys are encrypted the attacker would know that a lot of the keys are not.

What is a good idea is to store a backup of your private keys in the cloud (in encrypted format). The email address used to login to the cloud service should not be associated with either bitcoin or the fact that you personally use bitcoin. As long as various cloud services are storing the private keys, an attacker would have less of a potential reward by successfully attacking a single cloud service.

ok i am reading about trezor right now. It is not exactly what I mean. I meant a device which makes the same things those apps for smartphone do now, which is store bitcoin, read qr codes and do transactions easily... but in an extreme secure and easy way. And for what I read trezor does need that you make your own backup... this is more than what common Joe can do.  
We need a device which connects to Internet and do a backup on its own in your personal account. There are several ways to make a account super secure, like 2 steps authentication or maybe even more.
We need a device you carry in your pocket, take out when you have to pay. A device which you only can use.
Maybe iphone 6 with fingerprint recognition and virus proof could serve the purpose? I don't have an iPhone so I don't know.

For what I see, now there are several devices, each one with a different purposes, pro and cons. We need One, good, which fits all roles. Cold storage but even easy and secure payments in the streets, at the supermarket. A thing where you can put all your bitcoin, feeling safe, even if you lose it, cause Noone but you will be able to use it. A password + fingerprint I think will be enough. Maybe add 2 steps authentication to restore the account if you lose it. But you need another device with authenticator. anyeay you should not think about creating backups or other things because it should do everything. When you buy it you will have to create an account where it will put backup of your bitcoin, in a very secure server. Is possible in 2014 to make a super secure cloud?

here is an easy way to create very safe offline cold storage bitcoin wallets

http://cryptographi.com/products/piper

I don't get if tremor stores bitcoin online or in the device. If it stores btc online, in your account cloud, it is Exactely what I meant.

Guys, we need One simple device damn easy to be used by common people. One, not many to chose among. That makes things hard and common people want easy choice. Or better, they don't want even to think.
If we reached this goal we would see bitcoin jump a lot.

It is safe and secure, unhackable, has a small screen, two buttons, fits in your pocket, plugs into any USB port, easily recoverable if lost,  and works like a charm.  What more do you need?

Do you want to be able to select the color or something?

Trezor is still rudimentary, pretty sure future versions will be slicker looking.

Most things in the world are, if lost from your possession gone for good, why does that need to change for Bitcoin?

Are you trying to keep Bitcoin as a storage of wealth more so than a medium of exchange?

Duplication of what "account numbers" is the best security. And eventually there will be some insurance type service (like credit cards) where unauthorized transactions can/will be reversed, which will minimize instances of blind theft.

No one is trying to make cash more "safe" why would they make Bitcoin more "safe"?

Not only do we need to make bitcoin safe to use, we need to make it extremely user interface friendly. Why was the iPhone so successful compared to all the other smart phones? It was simple and easy to use. If we can create a decentralized cloud, with cryptography to make the clouds annonimous, wouldn't that make it hacker proof?

DONE !!!

http://www.bitcointrezor.com/

1) Private keys never leave the device. It is unhackable.

2) If lost you simply buy another one, reenter the seed (24 random words you do have to keep secret and safe) and you get all your Bitcoins and your entire transaction history back.

3) You can purchase this today (I have several).

4) Best and safest wallet on the market today.