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Topic: What if a Bitcoin exchange "loses" the wallet.dat? (Read 1196 times)

indicasteve
full member
Activity: 140
Merit: 100
What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 04:13:05 PM
#13
Quote from: wumpus on August 04, 2011, 03:59:10 PM
Quote from: kokjo on August 04, 2011, 03:19:27 PM
Quote from: indicasteve on August 04, 2011, 03:17:41 PM
I always backup my wallet to my ram drive so I can get it faster when I need it.   Tongue
ram drive i hope you are joking!
Another great idea would be to backup your wallet into your GPU framebuffer. It's really fast! Even faster than CPU memory. Be careful that you don't accidentally overwrite it by moving the mouse over it, though...


Well...I was going to back it up to /dev/null to save some hard drive space, but I didn't want to fill that up either.

wumpus
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Activity: 812
Merit: 1022
No Maps for These Territories
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:59:10 PM
#12
Quote from: kokjo on August 04, 2011, 03:19:27 PM
Quote from: indicasteve on August 04, 2011, 03:17:41 PM
I always backup my wallet to my ram drive so I can get it faster when I need it.   Tongue
ram drive i hope you are joking!
Another great idea would be to backup your wallet into your GPU framebuffer. It's really fast! Even faster than CPU memory. Be careful that you don't accidentally overwrite it by moving the mouse over it, though...
SmokeAndMirrors
full member
Activity: 168
Merit: 100
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:51:12 PM
#11
Quote from: ampkZjWDQcqT on August 04, 2011, 03:40:35 PM
Quote from: jackjack on August 04, 2011, 03:31:28 PM
Quote from: kokjo on August 04, 2011, 03:19:27 PM
Quote from: indicasteve on August 04, 2011, 03:17:41 PM
I always backup my wallet to my ram drive so I can get it faster when I need it.   Tongue
ram drive i hope you are joking!
Why?
Bitomat used to do that and it is the third biggest exchange
Complete the phrase. Mtgox used to ___ and it is the biggest exchange.


kiss?
pent
hero member
Activity: 490
Merit: 500
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:46:36 PM
#10
Quote from: indicasteve on August 04, 2011, 03:17:41 PM
I always backup my wallet to my ram drive so I can get it faster when I need it.   Tongue
Good luck with power outages
ampkZjWDQcqT
member
Activity: 70
Merit: 10
GNU is not UNIX
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:40:35 PM
#9
Quote from: jackjack on August 04, 2011, 03:31:28 PM
Quote from: kokjo on August 04, 2011, 03:19:27 PM
Quote from: indicasteve on August 04, 2011, 03:17:41 PM
I always backup my wallet to my ram drive so I can get it faster when I need it.   Tongue
ram drive i hope you are joking!
Why?
Bitomat used to do that and it is the third biggest exchange
Complete the phrase. Mtgox used to ___ and it is the biggest exchange.
jackjack
legendary
Activity: 1176
Merit: 1233
May Bitcoin be touched by his Noodly Appendage
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:31:28 PM
#8
Quote from: kokjo on August 04, 2011, 03:19:27 PM
Quote from: indicasteve on August 04, 2011, 03:17:41 PM
I always backup my wallet to my ram drive so I can get it faster when I need it.   Tongue
ram drive i hope you are joking!
Why?
Bitomat used to do that and it is the third biggest exchange





Oh wait
kokjo
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Activity: 1050
Merit: 1000
You are WRONG!
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:19:27 PM
#7
Quote from: indicasteve on August 04, 2011, 03:17:41 PM
I always backup my wallet to my ram drive so I can get it faster when I need it.   Tongue
ram drive i hope you are joking!
indicasteve
full member
Activity: 140
Merit: 100
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:17:41 PM
#6
I always backup my wallet to my ram drive so I can get it faster when I need it.   Tongue
phorensic
hero member
Activity: 630
Merit: 500
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:14:55 PM
#5
MtGox said they only have 2% of BTC online at any point in time.  The rest are on offline backups.
adamstgBit
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Activity: 1904
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Trusted Bitcoiner
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:13:16 PM
#4
any sensible exchange would BACKUP their wallet ....

or so one would think
nhodges
sr. member
Activity: 322
Merit: 251
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:03:12 PM
#3
What if? It has already happened.

https://bitcointalksearch.org/topic/the-bitomat-exchange-lost-their-wallet-selling-exchange-for-17000-btc-33457
kokjo
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Merit: 1000
You are WRONG!
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 03:01:09 PM
#2
Quote from: goodlord666 on August 04, 2011, 02:58:37 PM
"Me sorry youre money lost!"
they can't say anything more then that. "sad show, your money are lost"

but i really hope that they take backups
goodlord666
sr. member
Activity: 434
Merit: 250
100%
Re: What if a Bitcoin exchange "loses" the wallet.dat?
August 04, 2011, 02:58:37 PM
#1
"Woops! Me sorry youre money lost!"
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