Bitcoin Forum

Mainly due to the unbelievable stupidity of the average human. I previously worked as a security expert and you wouldn't believe the number of website owners that don't properly salt and store their users' passwords and the number of users that use a "banana69" type password which is easily crackable with a dictionary attack, of course the same user will be registered with his email and the email password will conveniently be set to "banana69" with both the Blockchain.info Identifier and Password saved in drafts.

Bitch and moan about Bitcoin not being secure enough after that will ya? Have you ever used the same password for multiple websites? Have you ever stored your private keys or private key entropy on a machine connected to the internet? I will begin seperating the sheep from the wolves and slapping you across the face with a wet fish bitches.

Bitcoin will never take off without centraliziation whereas a set number of intellectuals will look after the BTC of the stupid masses. Your inferior brains are the achilles heel of Bitcoin security wise, not SHA256, not RIPEMD-160 and not the ECDSA which the NSA may build a billion dollar computer to record all the sounds that your processor makes while generating and crack.

Who uses banana69 as a password. That is both insulting to banana and 69. Come one.

Mine is secure. I don't know about yours.

Obviously it's not secure for those who use same passwords at multiple site and a 'banana69' type.

how about Password1... :)

Mainly due to the unbelievable stupidity of the average human. Many people will choose unhealthy food, which leads to widespread weight and health problems. So to protect them from their own stupidity, society should control what people are allowed to eat.

See the similarity?

Onkel Paul

Your argument is invalid. People who sign up for bitcoin related sites will be warned about proper security protocols as people who are security conscious will not use such sites if they do not tell users who are not security conscious proper security procedures.

Also most/many people who are involved in bitcoin are more computer literate, and these people tend to know to use different passwords between different applications.

After purchasing your BTC, the total security option depends entirely upon your decisions, such as where to store, how to store, where to spend, etc.

Every security, even the best one, can fall because of human factor.
If you will not protect your passwords or give your security details to others, or make weak password, or will not instal good anti virus protection, you can't blame others if something happened, only yourself.
All this examples are also valid for bitcoin users.

Centraliziation already exists, blockchain.info, conjar.com, cointree.com.au etc.

OP is completely right. People is stupid, at least most. Accidents happen all the time. Without a centralized place of profesionals whom the mass can blame to in case something goes wrong, there will be a lot of critique about Bitcoin because people don't want to be taken accountable for their mistakes. Only education can fix this but accidents will continue happening.

So your argument is Bitcoin is not secure because people use small simple passwords and they use them for multiple sites?

This has nothing to do with Bitcoin at all, anyone who uses passwords like that are not secure obviously...

You're right, in that a lot of people tend to both depend on, and blame their governments. The job market is blamed on the government. The economy is blamed on the government. The crime is blamed on the government. Everything is blamed on the government.

It's no surprise, that a lot of otherwise smart people will want to blame the lack of security in bitcoin on the government.

Lock your own doors. Buy your own fire extinguishers. Be self reliant. Those types of people are the ones who will adopt bitcoin and not complain.

The job market, economy and crime rates are influenced heavily by the government.

It is not realistic to say that someone is at fault because there are no jobs available that match a workers skill set (at least a worker is not 100% at fault as they could have previously acquired a broader skill set).

The same is even more true regarding the crime rate. Just because you lock your doors does not mean that you will be safe from a robbery - someone could break a window, or kick down your door, or knock and come in when when you open the door for them

This or really easy and simple device (maybe like trezor not sure yet coz i don't use trezor), to make safe transactions without risk.

It would have to be more heavily consumerised and dumbed down for the masses, perhaps even the name changed and offer new "state of the art animations" and sounds that go DINGDINGDING once you've sent or received a payment. Very similar to iPhones.

OP, please explain to me how this makes Bitcoin less secure than every online bank account on the planet? If BTC passwords are weak, so are fiat bank passwords. So please explain how this is a problem for Bitcoin more so than alternatives? (Except maybe hiding gold in your mattress.)

for now it is, but who knows in the future, better remove your wallet from the platform.

bitcoin is secure.. this topic is not even talking about bitcoin..

this topic is talking about third party services.. so please change the title to atleast be correct.

bitcoin is a protocol not a website!!!!

As long as one has half of a brain, their btc will be secure.

.... come all.

-B-

It is precisely that. It can be extremely difficult even for intellectuals, never mind some average Joe.

Say your laptop is offline, say it is a modern laptop with a chip the size of a micro transistor, what the chip does is it transmits data over a radius of a kilometer so a perpetrator can connect from a black box (or connect said black box to the satellite and connect from across the world) and gain access to your desktop, your hard drive, your whole virtual world and identity, even without you being connected to the internet or having your Wi-Fi on (or even having either present).

It use to be that such chips were installed in military hardware as some leaked documents show, these days it's safe to assume that they are in everything unless proven otherwise.

Your best bet would be to buy a laptop from 2006, take it apart and remove the graphic card, the wi-fi chip, the sound card chip, the bluetooth chip and everything else which isn't required, install a linux based system which isn't total shit while verifying the checksums and even perhaps swap some of the hardware with other 2006 or older hardware (ideally from before American 9/11). Even then I wouldn't taunt our three letter friends because the odds would still be against you.

So yes, neither Tor, nor PGP, nor Bitcoin is "secure", even for intellectuals.

Then you take care of those things yourself. Upgrade your skill set. Learn new skills. Do a different job. Or don't do a job, get self-employed. Start a business. If you are still broke in 20 years or when you become a senior citizen, then you did something wrong. Not the government.

I once heard a sidewalk vendor questioned about how the economic crisis affects her trade. She responded that crisis are only for those people who don't work. You work, you get paid. Or sell something else. Or move to another part of town. She was selling street food. (like hotdogs and stuff like that.)

Buy a bigger door? A better lock? Better than your neighbors anyway. Some people get armed. That depends on the laws in your country, but surely you can do something about preventing crime happening particularly to you. Most victims are victims because they allowed themselves to be victims.


I think mine is. I may be wrong.

This is much more difficult for someone without technical skills to do then you make it sound. This is especially true for number 3.

Also someone with little extra money may not be able to afford to buy a second computer to use as an "offline" computer so none of this may work.

I do anticipate many people using somewhat centralized third party wallet services to store and secure their bitcoin as the level of consumer adoption increases

So what do you mean by this?

That someone is not going to put most of his money into bitcoin. He will use it as a transactional thing, or maybe store a few on his phone, or something. At this time, this means that that person has less than 1 or 2 BTC. Most people who have that much aren't going to need an "offline" computer.

When you somehow accumulate more than 10 BTC, you'll find ways, or you'll spend 1 BTC of that to buy an offline computer for that purpose. I just use an old laptop. An old desktop works too.

OP underestimated the speed that people are wising up  ;D

It took people many decades to make computer, but once it is made, there are computers everywhere in a couple of years. And, decades were spent improving the chip making process and produce today's CPU, but it took only several months for manufacturers to reach the current highest possible commercially available process for making bitcoin miners

I'm quite sure that there will be many way of securing bitcoin in the coming years. A password which is easy to remember while impossible to break is the ultimate goal

It might be indicative of a general problem with society as people tend towards specialization and only want to be good at doing their own little thing. For everything else, they look to centralized organizations or big companies for help. This is probably why some people come here thinking that reversible credit card transactions are actually a good thing. Before there can be mass adoption I think there needs to be a solution in place that would allow even an idiot to secure their coins.