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Title: BTC security rule Nr.1, keep the coins only on own environment Post by: Corelianer on February 25, 2014, 07:02:48 AM After the "News" from Gox, I don't know how many times we where reading about stolen Bitcoins.
I think it was dozends of times. And the people don't learn nothing. They still keep most of their Coins on the Exchanges to make a quick buck and then get robbed entirely because they forgott about security rule Nr. 1. Keep the Bitcoins on your own Environment. Cold storage that can easily be managed by Armory for example. Download Armory only from trusted sources, use checksum tools to make sure the software was not compromized. Do that once and you don't have to do it ever again. Everthing else than the highes security standard is worthless if criminal minds play. You will likely loose everything. There are plenty of examples. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: InCoinsITrust on February 25, 2014, 07:04:17 AM Totaly agree to this
Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: Holliday on February 25, 2014, 07:08:52 AM If you aren't the sole controller of your private keys, you don't have any bitcoins.
Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: TheFootMan on February 25, 2014, 07:37:39 AM You're much right in this!
Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: h3rlihy on February 25, 2014, 07:38:41 AM And never just leave your coins sitting on an exchange (don't see why people do this, withdraw to your damn wallets fools!)
Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: byt411 on February 25, 2014, 07:39:21 AM If you aren't the sole controller of your private keys, you don't have any bitcoins. You also must ensure that you ARE the sole controller of your private keys. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: waldox on February 25, 2014, 11:12:59 AM you must control your own coins with your own private keys
dont put any coins you cant afford to lose on exchanges this lesson will strike again, it happens every couple of weeks Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: byt411 on February 25, 2014, 04:45:29 PM you must control your own coins with your own private keys dont put any coins you cant afford to lose on exchanges this lesson will strike again, it happens every couple of weeks Not just exchanges, it also includes online wallets. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: byt411 on February 25, 2014, 04:57:01 PM If you aren't the sole controller of your private keys, you don't have any bitcoins. You also must ensure that you ARE the sole controller of your private keys. Yes, that is kind of baked into my statement. You are just saying it a different way. ;) Problem is that, some people think that by creating an online wallet and exporting the private key that means he is safe... Especially if he posts it on facebook to remind himself or something like that... Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: BCEmporium on February 25, 2014, 05:10:21 PM It has been a while since I last had coins stored anywhere. I use brainwallets instead.
The issue about brain/paper wallets is that you can't take a portion and keep the rest, either you sweep them or import the key to a BTC client. For deal with this and not have to sweep a whole load of BTC at once, my method is as follow: PassPhrase_Part_1#sequencial number#PassPhrase_Part_2 what renders sort of: MyPassPhrase_Part1#1#SecondPart_PassPhrase MyPassPhrase_Part1#2#SecondPart_PassPhrase MyPassPhrase_Part1#3#SecondPart_PassPhrase ... By loading small amounts to each of the # I'm then allowed to store the coins at brainwallets in sort of an usable way. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: cozk on February 25, 2014, 05:29:06 PM +1
Can't even figure why someone would keep 250 BTC on Mtgox.... They half deserve this. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: DeboraMeeks on February 25, 2014, 05:31:07 PM If you aren't the sole controller of your private keys, you don't have any bitcoins. No private keys no bitcoins! Simple Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: DeboraMeeks on February 25, 2014, 05:32:00 PM +1 Can't even figure why someone would keep 250 BTC on Mtgox.... They half deserve this. I wouldn't say they 'deserve' this but it was a stupid decision Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: btbrae on February 25, 2014, 05:37:49 PM +1 Can't even figure why someone would keep 250 BTC on Mtgox.... They half deserve this. I sold BTC and kept $$$ on MtGox in order to buy because I thought BTC were due a correction. I bought BTC as the value fell (although a bit further than I was anticipating!) I actually tried to pull out a few weeks ago but found they had locked my withdrawals because of the BitInstant thing until I sent further docs. I knew the risk way in advance and 100% deserve this. There are other groups of people that don't, including businesses, charities, newcomers, people who thought that the Bitcoin Foundation were trustworthy for example. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: byt411 on February 25, 2014, 06:03:28 PM If you aren't the sole controller of your private keys, you don't have any bitcoins. You also must ensure that you ARE the sole controller of your private keys. Yes, that is kind of baked into my statement. You are just saying it a different way. ;) Problem is that, some people think that by creating an online wallet and exporting the private key that means he is safe... Especially if he posts it on facebook to remind himself or something like that... "Sole" controller of your private keys! Yes, but some people think that if they export it and download it, they are the sole owner of them. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: S4VV4S on February 25, 2014, 06:13:58 PM I totally agree.
You should never store your coins on exchanges or e-wallets. Send them to me ;D I will keep them safe for you ;D http://drlindagalloway.files.wordpress.com/2010/06/evil-doctor1.jpg Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: MakeBelieve on February 25, 2014, 06:20:14 PM I have been looking into differnt security measures and now have decided to stay away from sites like blockchain because its only a matter of time before it gets hacked etc.
Put your coins on your offline computer people. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: Stevets on February 25, 2014, 06:30:30 PM I think what people need to consider is that Bitcoins are cash. Would you leave cash with the operator of some website in Japan?
Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: Musent on February 25, 2014, 06:46:04 PM Keep copies of keys safely and in places only you know about.
Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: LiteCoinGuy on February 25, 2014, 07:27:00 PM very true but: most users (or alot) wont do that. they will keep their coins online.
and maybe someday when btc is more professional and we have services, that insure the funds of the customers, it will be okay to store coins online, maybe. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: glendall on February 25, 2014, 10:33:25 PM I try to follow this but it is tough -- if you want to participate in the bitcoin economy anyways.
Last time I got scammed: transferred btc to weexchange to purchase asicminer shares. Zoinks, owner of exchange, Jon Montrol, accepted deposits for over a month while not allowing any withdrawals. Basically just stole everyone's money, but I didn't hear about it until it was too late. Got away with millions with no repercussions. Now I am too paranoid to put my btc anywhere for any time. It is well and good to keep your btc on your home wallet but sure doesn't help the bitcoin economy at all. We need decentralized exchanges. Title: Re: BTC security rule Nr.1, keep the coins only on own environment Post by: Corelianer on March 06, 2014, 08:08:48 AM Athother news from Flexcoin. More Bitcoins where stolen. Keep your coins on the exchanges only as short as neccesary. Then transfer them to your own environment.
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