Where do you store most of your btcs?

piramida

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Quote from: john_doe on February 28, 2014, 04:35:14 PM

https://en.bitcoin.it/wiki/Cold_storage

Quote

Methods of cold storage include keeping bitcoins:
...
Online, but on encrypted media where the encryption key is offline.
...

Well, that is a wiki, so anybody can write silly things. If you ever decrypt your wallet while connected to the internet your PK could be compromised. If your encryption key is purely offline and never entered on a hot machine, then you will be safe, but I don't see how it is different or simpler than just keeping PK offline exactly where you are keeping your encryption key?

nanobtc

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Rygon

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90% Cold Storage. Private keys generated on machines that weren't connected to the internet and wiped out afterwards. Stored on electronic media in encrypted files, triple redundancy in different locations, split onto several pieces of paper carefully hidden in locations so obscure I'm not even sure where they are anymore, lol. I also have a private key engraved on a piece of metal and buried because I got bored and it sounded like fun.

Teal Deer

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Those of you who have altcoins, do you take the same precautions/with as many of your coins?
Tbh I haven't been assed to learn how to set up a cold wallet, but after 'Kerpeles' Wild Ride 2014' I've decided to stop being a lazy prick and just do it.

By some stroke of luck, a week or two before withdrawals were suspended I moved all my coins to another exchange after seeing so many people refer to Gox's incompetency. Wasn't many coins, but one of my luckiest btc moments ever (probably no. 1 or 2 to having a last minute change of heart about selling my ltcs and the very next day watching them double and then hit the $40 high.)

So yeah, I have about 6 kinds of coins. Would you be as careful with all of them?

ps. doge 2 da m00n

lemfuture

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on ipo's

DanielVG

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I want free lunch, i'm gonna go with this guy.

In a sock under my bed.

superkawaii

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I had my 4 BTC on Mt.Gox

Sad

zedicus

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Quote from: oda.krell on February 28, 2014, 09:42:01 AM

Quote from: zedicus on February 28, 2014, 08:57:44 AM

Admittedly i have a huge chunk in blockchain.info and then i also have an Electrum wallet with another chunk and then an insignificant amount on a computer using the regular bitcoin qt app, and $200-300 on stamp.

Ive been considering moving my blockchain.info chunk to my electrum wallet. Watching gox vanish should be a smack to the back of my head to move my shit off blockchain.info, but im not worried! Ill move it sooner than later tho.

Allow me to ask: how is blockchain.info more convenient than electrum? I use the latter, and to me it seems it offers an absolute maximum in convenience, with very little compromise to security, while blockchain.info seems to offer no additional benefits, but lots of additions insecurity. But maybe I miss something about blockchain.info.

EDIT: since it's a web wallet I guess you can use it for making purchases when you're on the go. sthg that is harder with electrum.

Yeah ive been meaning to make a donation to the Electrum project..

john_doe

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Quote from: piramida on February 28, 2014, 02:52:40 PM

This is not technically cold, this is as hot as it gets, because anyone can get your (encrypted) PKs and work on them.

Cold is something where PK have not ever been on anything connected to an internet. Unless you are Mark Karpeles and your definition of cold is a PK tattooed on your forehead.
I store in paper, cas coins, and some offline wallets, maybe 10% across exchanges. I have lost a trading amount at the gox, which was not insignificant but not a killer. I still learned a good lesson with Gox, that you should never underestimate potential idiocy of other people, and never assume smartness where stupidity is the shorter path.

https://en.bitcoin.it/wiki/Cold_storage

Quote

Methods of cold storage include keeping bitcoins:
...
Online, but on encrypted media where the encryption key is offline.
...

Wilhelm

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Quote from: piramida on February 28, 2014, 02:52:40 PM

Quote from: sonofliberty on February 28, 2014, 09:44:02 AM

Cold storage, private keys in encrypted file container in my dropbox and every device I own.

This is not technically cold, this is as hot as it gets, because anyone can get your (encrypted) PKs and work on them.

Cold is something where PK have not ever been on anything connected to an internet. Unless you are Mark Karpeles and your definition of cold is a PK tattooed on your forehead.
I store in paper, cas coins, and some offline wallets, maybe 10% across exchanges. I have lost a trading amount at the gox, which was not insignificant but not a killer. I still learned a good lesson with Gox, that you should never underestimate potential idiocy of other people, and never assume smartness where stupidity is the shorter path.

+1

Cold == OFFLINE
Preferably on paper or usb in a vault.

piramida

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Borsche

Quote from: sonofliberty on February 28, 2014, 09:44:02 AM

Cold storage, private keys in encrypted file container in my dropbox and every device I own.

This is not technically cold, this is as hot as it gets, because anyone can get your (encrypted) PKs and work on them.

Cold is something where PK have not ever been on anything connected to an internet. Unless you are Mark Karpeles and your definition of cold is a PK tattooed on your forehead.
I store in paper, cas coins, and some offline wallets, maybe 10% across exchanges. I have lost a trading amount at the gox, which was not insignificant but not a killer. I still learned a good lesson with Gox, that you should never underestimate potential idiocy of other people, and never assume smartness where stupidity is the shorter path.

Wilhelm

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Quote from: cosmofly on February 28, 2014, 01:30:52 PM

100% in mtgox

I hope that's a joke Lips sealed

Waiting for "100% of my 850K BTC in cold storage"

cosmofly

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100% in mtgox

MAbtc

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At one point, 80% cold / 20% exchange. In December, closer to 25% cold / 75% exchange.

Now 15% cold / 85% exchange. This is just a matter of profit, I intend to reallocate a majority to cold storage in the next month. I'd love to establish a higher low and get back all in BTC again...

600watt

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Quote from: proudhon on February 28, 2014, 10:36:45 AM

Quote from: john_doe on February 28, 2014, 10:35:35 AM

The option should be renamed to "Codl storage"

I like it. Codling is how pros hodl.

Quote from: ScrapOfCat on January 28, 2014, 12:25:34 AM

Quote from: Anon136 on January 27, 2014, 10:22:37 PM

Hold Forever!

Edit:
http://www.reddit.com/r/Bitcoin/comments/1wq6sp/reminder_in_may_2013_wired_magazine_received_a/

proudhon

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Quote from: john_doe on February 28, 2014, 10:35:35 AM

The option should be renamed to "Codl storage"

I like it. Codling is how pros hodl.

Richard Branson

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Screw It, Let's Do It

Quote from: proudhon on February 28, 2014, 09:48:37 AM

Well, looks like we're finally learning.

Don't believe this voting.
The majority voting "in cold storage" have them on an exchange.

john_doe

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The option should be renamed to "Codl storage"

Solarstorm75

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SODL

hellscabane

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If I had a significant amount more BTC, I'd say that I've stored most of my BTCs in cold storage.

Unfortunately, I like moving my money around and playing the alt-markets. But this is all money that is okay for me to lose. The BTC that I do have in cold storage, those really are meant to be saved. Maybe at some point I'll shift more back into cold storage, but I'm fine with having as much as I have in various hot wallets.

600watt

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Quote from: Wilhelm on February 28, 2014, 08:02:42 AM

Quote from: podyx on February 28, 2014, 07:42:05 AM

80% is on cold storage

20% in exchange

+1

same here.

proudhon

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Well, looks like we're finally learning.

sonofliberty

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Cold storage, private keys in encrypted file container in my dropbox and every device I own.

oda.krell

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Quote from: zedicus on February 28, 2014, 08:57:44 AM

Admittedly i have a huge chunk in blockchain.info and then i also have an Electrum wallet with another chunk and then an insignificant amount on a computer using the regular bitcoin qt app, and $200-300 on stamp.

Ive been considering moving my blockchain.info chunk to my electrum wallet. Watching gox vanish should be a smack to the back of my head to move my shit off blockchain.info, but im not worried! Ill move it sooner than later tho.

Allow me to ask: how is blockchain.info more convenient than electrum? I use the latter, and to me it seems it offers an absolute maximum in convenience, with very little compromise to security, while blockchain.info seems to offer no additional benefits, but lots of additions insecurity. But maybe I miss something about blockchain.info.

EDIT: since it's a web wallet I guess you can use it for making purchases when you're on the go. sthg that is harder with electrum.

checkers6676

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cold wallet on a usb up my ass

zedicus

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Admittedly i have a huge chunk in blockchain.info and then i also have an Electrum wallet with another chunk and then an insignificant amount on a computer using the regular bitcoin qt app, and $200-300 on stamp.

Ive been considering moving my blockchain.info chunk to my electrum wallet. Watching gox vanish should be a smack to the back of my head to move my shit off blockchain.info, but im not worried! Ill move it sooner than later tho.

john_doe

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Quote from: Wilhelm on February 28, 2014, 08:04:06 AM

Beware ... your computer could still fail.

I do keep the private keys on a piece of paper, just in case.

koryu

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Quote from: john_doe on February 28, 2014, 07:58:40 AM

Keeping the coins in an offline computer is considered a cold storage? Huh

when its offline i would call it cold storage, even if there are more secure places like already mentioned.

oda.krell

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In meine toches!

It has the perfect balance of humidity, fragrance and UV protection... although I guess the term 'cold storage' isn't entirely accurate anymore.

Ibian

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Been wondering about something related to this actually. How secure are wallets? Is a keylogger enough for someone to access my coins or do they need physical access to my machine too?

Wilhelm

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Quote from: john_doe on February 28, 2014, 07:58:40 AM

Keeping the coins in an offline computer is considered a cold storage? Huh

On paper and USB (redundancy) in a vault is my definition of cold storage. Preferably two vaults in two sites if you have a lot of BTC.

Beware ... your computer could still fail.

Shermo

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Small amount on BlockChain.info wallet, the rest stored in an Armory paper wallet and a backup also on an encrypted virtual machine on a pendrive... both stored in a fire safe.

Wilhelm

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Quote from: podyx on February 28, 2014, 07:42:05 AM

80% is on cold storage

20% in exchange

+1

hostmaster

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Quote from: john_doe on February 28, 2014, 07:58:40 AM

Keeping the coins in an offline computer is considered a cold storage? Huh

yes i also use this .

john_doe

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Keeping the coins in an offline computer is considered a cold storage? Huh

podyx

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80% is on cold storage

20% in exchange

koryu

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After mtgox stoped withdrawals a discussion started how secure btcs stored at exchanges are. Finally they revealed that they were lost.
Some exchanges said they would start doing audits and all btc are secure.
I am curious where you store most of your btcs and if you changed your mind about online wallets.

i expect that more people will move their btcs from exchanges into cold storage. would that lead to lower trading volumes and higher volatility?

Topic: Where do you store most of your btcs? (Read 1919 times)