Though, you're not storing anything in the vacuum of space, just the block chain (essentially, other people's computers).
It was just a poetic license ;-)
Topic: Where do you keep your bitcoins? (Read 6694 times)
It was just a poetic license ;-)
Maybe I'm missing something but you can save your BTC in _ the vacuum of space.
1) Install a client on a spare machine. Generate one bitcoin address and save the wallet.dat file. Put that wallet.dat somewhere safe (for example on a USB stick in a bank). You should of course have multiple safe copy.
2) Send any money you want to save to the address. That's it.
The day you will need that money, you will of course have to find back one of the copy of the wallet.dat file and run it through a client. All your savings should miraculously appear!
1) Install a client on a spare machine. Generate one bitcoin address and save the wallet.dat file. Put that wallet.dat somewhere safe (for example on a USB stick in a bank). You should of course have multiple safe copy.
2) Send any money you want to save to the address. That's it.
The day you will need that money, you will of course have to find back one of the copy of the wallet.dat file and run it through a client. All your savings should miraculously appear!
That's correct. You only have to access your savings wallet to spend coins, not deposit. Though, you're not storing anything in the vacuum of space, just the block chain (essentially, other people's computers).
Maybe I'm missing something but you can save your BTC in _ the vacuum of space.
1) Install a client on a spare machine. Generate one bitcoin address and save the wallet.dat file. Put that wallet.dat somewhere safe (for example on a USB stick in a bank). You should of course have multiple safe copy.
2) Send any money you want to save to the address. That's it.
The day you will need that money, you will of course have to find back one of the copy of the wallet.dat file and run it through a client. All your savings should miraculously appear!
1) Install a client on a spare machine. Generate one bitcoin address and save the wallet.dat file. Put that wallet.dat somewhere safe (for example on a USB stick in a bank). You should of course have multiple safe copy.
2) Send any money you want to save to the address. That's it.
The day you will need that money, you will of course have to find back one of the copy of the wallet.dat file and run it through a client. All your savings should miraculously appear!
Myself, I encrypt it. Put on a couple of usb sticks and email myself a copy with a web based email account.
You encrypt only copy? To security client _must_ work on encrypted wallet, only client must known password, encrypted partitions by TryCrypt is insufficient.
As another point of redundancy:
This guy advertises himself as "online backups for the truly paranoid".
http://www.tarsnap.com/
The guy is kind of a math and crypto whiz. He used to be Security Officer of FreeBSD; don't know whether that's the case still. He's cperciva at Hacker News. His personal website:
http://www.daemonology.net
Given his pricing policy:
I bet he could be convinced to take bitcoins.
[Disclaimer: I don't know the man nor am associated with him in any way. I have never used his service and I can't vouch for it first hand. It just seems an obvious fit for this thread.]
This guy advertises himself as "online backups for the truly paranoid".
http://www.tarsnap.com/
The guy is kind of a math and crypto whiz. He used to be Security Officer of FreeBSD; don't know whether that's the case still. He's cperciva at Hacker News. His personal website:
http://www.daemonology.net
Given his pricing policy:
Quote
Tarsnap has no fixed or minimum monthly fees!
Tarsnap is billed only based on actual usage — if you only store a small amount of data, a $5 payment might last you for years.
Tarsnap is billed only based on actual usage — if you only store a small amount of data, a $5 payment might last you for years.
I bet he could be convinced to take bitcoins.
[Disclaimer: I don't know the man nor am associated with him in any way. I have never used his service and I can't vouch for it first hand. It just seems an obvious fit for this thread.]
Myself, I encrypt it. Put on a couple of usb sticks and email myself a copy with a web based email account.
You encrypt only copy? To security client _must_ work on encrypted wallet, only client must known password, encrypted partitions by TryCrypt is insufficient. usb stick under the mattress.
duh.
Funniest thing I've read all day! duh.
Myself, I encrypt it. Put on a couple of usb sticks and email myself a copy with a web based email account.
usb stick under the mattress.
duh.
duh.
True crypt and creating copy is no way. True crypt install disk and while it trojan can steal. Only way is working on encrypted by _bitocon_client_ file wallet.dat. If not yet this secure client version, can keep on mybitcoin or Mt Gox parts of money.
i just emailed [email protected] and asked them
Me too and just pledged 30 btc once they start accepting them.
Truecrypt is truly one of the highest-quality programs out there. A pleasure to use, and surely worth a few coins.
To the topic; I keep my coins on my desktop client, backed up on 2 other hard drives. But I just bought a fresh USB stick which I plan to make a savings account on, to put in my safe.
If someone knows whoo runs Truecrypt - they need a bitcoin dontation link on their site.
http://www.truecrypt.org/downloads
http://www.truecrypt.org/downloads
i just emailed [email protected] and asked them
Here's something I've never heard, I keep one of my backups on the sd card in my camera.
I also have a really old 512mb sd card that I keep in my real wallet, so I have my wallet in my wallet, lol.
of course stupid amounts of redundancy are best used for your savings account. My public wallet is only backed up in a few easy to access places because you need to back it up more frequently.
I also have a really old 512mb sd card that I keep in my real wallet, so I have my wallet in my wallet, lol.
of course stupid amounts of redundancy are best used for your savings account. My public wallet is only backed up in a few easy to access places because you need to back it up more frequently.
If I wanted to secure my wallet I just need to encrypt the wallet.dat file and save it somewhere safe, I mean, I don't need anything else in the .bitcoin directory, right? (I use Debian, but I guess that doesn't have anything to do with it)
If it's as simple as that I'm thinking about storing an encrypted version of the wallet.dat file on my Wuala account but also maybe have it somewhere safe IRL on a usb memory stick. Maybe hidden inside a really boring book or something like that.
If it's as simple as that I'm thinking about storing an encrypted version of the wallet.dat file on my Wuala account but also maybe have it somewhere safe IRL on a usb memory stick. Maybe hidden inside a really boring book or something like that.
As one collects more bitcoins, where do you keep them? Currently all my bitcoins are at mybitcoin.com, but what happens if this site goes down? is it better to send all the bitcoins to your bitcoin client? then what happens if your computer crashes?
So, where does the "smart" guy keep his bitcoins? (what are the best practices for having hundreds, or thousands of bitcoins?)
So, where does the "smart" guy keep his bitcoins? (what are the best practices for having hundreds, or thousands of bitcoins?)
I would suggest Dropbox as others have. However, if you're looking for a website to store your coins on, our website bitcoin2cash.com uses encrypted backups to multiple cloud services. With any website though, you are putting your trust into them.
If someone knows whoo runs Truecrypt - they need a bitcoin dontation link on their site.
http://www.truecrypt.org/downloads
http://www.truecrypt.org/downloads
truecrypt volume backed up to private folder on wuala cloud + to friends computers with crashplan
As far as I know, nobody has looked through my code yet, but I did just release this tool: https://bitcointalksearch.org/topic/walletbuddy-secure-wallets-storage-and-backup-3735
Right now I have four wallets. Savings, checking, mining, and portable. Savings is self explanatory. I keep an address from the savings wallet in the outgoing address list of all of the other wallets. I very rarely open it, and just do transfers when necessary. Checking is my high turnover wallet, I don't keep a large balance but I spend from it often. The mining wallet is the one I use when solo mining, since it has to be open all the time. This way, as long as I transfer any generation revenue out, there's little chance of anything being stolen. Finally, I keep a wallet stored on a USB drive on my keychain, along with a portablized Bitcoin client.
Now that I think about it, I will probably ditch the dedicated portable wallet and just set my checking wallet to back up to my thumb drive.
As a bit of a pitch... all of this is made incredibly easy by WalletBuddy.
Right now I have four wallets. Savings, checking, mining, and portable. Savings is self explanatory. I keep an address from the savings wallet in the outgoing address list of all of the other wallets. I very rarely open it, and just do transfers when necessary. Checking is my high turnover wallet, I don't keep a large balance but I spend from it often. The mining wallet is the one I use when solo mining, since it has to be open all the time. This way, as long as I transfer any generation revenue out, there's little chance of anything being stolen. Finally, I keep a wallet stored on a USB drive on my keychain, along with a portablized Bitcoin client.
Now that I think about it, I will probably ditch the dedicated portable wallet and just set my checking wallet to back up to my thumb drive.
As a bit of a pitch... all of this is made incredibly easy by WalletBuddy.
Don't forget the risk of theft. Backups won't help if your coins get spent. Best to split off some of your coins to long term savings, transfer them to a separate wallet, securely back up that wallet, and securely delete it. Unfortunately this isn't easy with the current client.
This is why full hard drive encryption and off site encrypted backup is the best way to go.
Print them out and put them in a safe;
https://bitcointalksearch.org/topic/printing-bitcoins-an-implementation-3716
Don't forget the risk of theft. Backups won't help if your coins get spent. Best to split off some of your coins to long term savings, transfer them to a separate wallet, securely back up that wallet, and securely delete it. Unfortunately this isn't easy with the current client.
This is why full hard drive encryption and off site encrypted backup is the best way to go.
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