Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: RoxxR on January 24, 2014, 09:32:49 AM



Title: Who is crazy enough?
Post by: RoxxR on January 24, 2014, 09:32:49 AM
I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm


Title: Re: Who is crazy enough?
Post by: empoweoqwj on January 24, 2014, 09:38:53 AM
I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm

Who told you to spread your BTC across several wallets? Just means you will end up putting less effort into securing each one properly, and therefore increase risk of loss


Title: Re: Who is crazy enough?
Post by: anti-scam on January 24, 2014, 10:21:53 AM
I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm

Who told you to spread your BTC across several wallets? Just means you will end up putting less effort into securing each one properly, and therefore increase risk of loss

I think he means several addresses, which is actually a good idea.


Title: Re: Who is crazy enough?
Post by: davida on January 24, 2014, 11:02:03 AM
My guess, it's probably someone with a lot more that 36,000 btc....


Title: Re: Who is crazy enough?
Post by: guybrushthreepwood on January 24, 2014, 11:07:26 AM
I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm


It's up to you how you store them. If you're supersafe then one is fine, but if you're not then loads of addresses will probably be at risk.


Title: Re: Who is crazy enough?
Post by: empoweoqwj on January 24, 2014, 12:25:46 PM
I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm

Who told you to spread your BTC across several wallets? Just means you will end up putting less effort into securing each one properly, and therefore increase risk of loss

I think he means several addresses, which is actually a good idea.

Yeah, that's a completely different topic, and definitely a good idea.


Title: Re: Who is crazy enough?
Post by: manobra on January 24, 2014, 12:33:57 PM
When you have just 0.00001 Bitcoin, You feel secure by just encrypting your wallet....

But when you have 36.000 Bitcoins, you will never feel secured...

Actually, you will not be able to sleep... ;D

The best u could be doing, is to Buy a laptop without internet connection, running Linux. Save your wallet there.

Or hire a programmer to develop a System that will spread your Bitcoins in several addrresses being impossible to group it again by a person.




Title: Re: Who is crazy enough?
Post by: hilariousandco on January 24, 2014, 03:16:25 PM
When you have just 0.00001 Bitcoin, You feel secure by just encrypting your wallet....

But when you have 36.000 Bitcoins, you will never feel secured...

Actually, you will not be able to sleep... ;D

The best u could be doing, is to Buy a laptop without internet connection, running Linux. Save your wallet there.

Or hire a programmer to develop a System that will spread your Bitcoins in several addrresses being impossible to group it again by a person.




The best thing would be to keep them off a computer all together. If you have many encrypted offline backs-ups then that will be fine.


Title: Re: Who is crazy enough?
Post by: remotemass on January 25, 2014, 12:18:40 AM
It is a good idea to spread if you prefer less probability of loosing it all
over
more probability of loosing a part of it.

My choice is always: paper/brainwallets quite spread.