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101  Bitcoin / Wallet software / Re: Which is the most SECURE Bitcoin wallet? on: September 21, 2016, 03:45:02 PM
The OSes that are running on many hardware wallets are open sourced and anyone can check it.

You don't get the problem. And you didn't read my post well.
YOU DON'T KNOW WHAT IS FLASHED ON A HARDWARE WALLET WHEN YOU BUY IT, NOR YOU DO KNOW WHAT CODE HAS BEEN COMPILED INTO AN APP WHEN YOU DOWNLOAD IT.
I hope this is clear now.

Neither you can ask the mainstream users to learn coding, flashing hardware, etc.
This is a main point of failure in the Bitcoin system.

Same goes for apps on Google Play: I developed few things for Android in the past.
I could just compile and upload. Voilį: downloadable.
I guess this goes for ANY app. Google can't check thousands of apps submitted every day.
So my scenario is perfectly possible, and again, this is a point of failure that should be looked into... before it's going to happen, I guess.

Now, of course there's no way to be 100% sure about the software or hardware one is using, unless he checks and compiles it himself.
But on the other side, I think there SHOULD be a way to make things more transparent in this regard, or sooner or later some huge amount of value will be stolen this way.
I didn't think deeply into it, but probably wallet developers, starting with the Bitcoin Wallet developers, should put in the works a system to allow people from all the world to check the code RIGHT BEFORE it gets compiled and uploaded to Google Play.
Having the code available is not enough, imo, for the reasons I explained before.
What people must be sure of, is that the Wallet hitting Google Play is safe. The availability of the code as open source doesn't grant anything, apart the option to start a new wallet from that code for free.
102  Bitcoin / Wallet software / Re: Which is the most SECURE Bitcoin wallet? on: September 20, 2016, 10:51:49 PM
I have the cheapest hardware wallet Ledger HW.1 and it works like it should and it fulfills all of my needs.

You just have to set up it on Linux or a freshly formatted Windows 10 version for example. It is very convenient to use when at home you are the only one that deals with bitcoin, you can leave it connected in the USB port and none know your PIN except you. This way you can use it just like any desktop wallet.

This is what I plan to do when I get my gaming PC after 2-4 weeks hopefully.

Keeping it in your house is the best scenario if you keep high order (most of the families do keep order in their family) of your house. This is what I am doing and so far it's going pretty well without any problem, I just check occasionally once in every 2-3 days just to make sure my bitcoins are there but I know I am getting paranoiac as bitcoins are there. There's no possibility of stealing if you set it up right.

For me a closed source hardware wallet is the safest bet.

So you didn't read my post throughfully.

But this set apart, what would you do if your house would burn? You would lose the house AND all your BTCs.

And if somebody comes and steal your PC with your hardware wallet plugged in? Wouldn't it be fun? XD
103  Bitcoin / Wallet software / Re: Which is the most SECURE Bitcoin wallet? on: September 19, 2016, 06:19:32 PM
Also, you can't ask to all people to become programmers. That's not a viable way to spread Bitcoin into mainstream. Even most coders wouldn't waste time on checking all the wallets' code.

Indeed, I can't, but Bitcoin is all about needing no trust. So if you only trust yourself and want to be safe, that's the way to do it.

Why you say that it's all about trust?
I don't think it is.
MtGox and more examples showed us you can't trust. But I didn't even need those examples. Money is money, and Bitcoin is money.
And humans are still humans. I can't see why you should trust more the Bitcoin scene developers than any other financial institution.
The fact that most Bitcoin people are dreamers hoping in a more free world doesn't mean that robbers won't get into the scene.
Quite the opposite: as it's a pioneers ground, criminals have better land to work.
And even non-criminals could always go down on temptation.
Dreaming is nice, but with money you better keep your eyes open (and your ass well shut! XD)
104  Bitcoin / Wallet software / Re: Which is the most SECURE Bitcoin wallet? on: September 19, 2016, 11:55:56 AM
I know there are many threads about the BEST Bitcoin wallet, but I don't think that's the right question to ask.
There's no best, but only the one that fits better one's needs.

Finally someone understands what I've been saying on this forum for years Cheesy

What I'm looking for, is the best way to protect my BTCs.
What bothers me is the fear that some of the developers could slip a backdoor or a mechanism to steal all the Bitcoins from all the wallets one day.
I know this may look an absurd fear, but still, I don't think it can't be ruled out.

To overcome that fear you will need to learn the ins and outs of Bitcoin wallet coding, programming and have a sharp eye to detect potentially dangerous code. No other option.

However, the problem is that with banks, our savings are protected: if robbers steal the bank, they have insurance, you always can get your money... at least until the government wants to fuck you up and lock your account, of course.
But in normal conditions, you don't have to think about your savings safety: they are there, you forget about them and no problem about robbery.

No problem about robbery? So you leave your money in the biggest theif's wallet and no problem about robbery? Sorry about the offtopic, but I had to reply to that...

So my question is: what is the most secure wallet out there? I suspect it's the Bitcoin Wallet from the Bitcoin Wallet Developers, right?
Still, how can we be sure they are not going to group up and fuck up everything when Bitcoin price will go up?

There are no known vulnerabilities in the most widely used wallets. Therefore, they're equally secure.
You cannot be 100% sure that there will never be a rough party in the development of Bitcoin Core or other wallets. However, Bitcoin Core development has many developers contributing, making it harder for it to be compromised.

Switching to "third party" wallets, we have more problems: even though the developers make the code open source, how can I know that they won't one day upload a completely different version to the Store and get my money? Is this a realistic possibility?

I guess it is, eventually there are some malicious apps making their way through store's approvals. That's why it is advised to compile from source.

With hardware wallets, the problem persists and becomes even worse. Of course hardware wallets can't be open source (I think), so nobody can check what they really do and what's really running in their chip.

Trezor is open source. Not sure about other wallets. In what regards to Trezor, you either have compromised hardware or, if in doubt, you can flash a software you trust yourself.



While I agree that banks are the problem, you can't go over the fact that your money are protected in there. If the bank gets robbed, there's no repercussion on your money, they are insured, you will get your money, no matter what. Of course this doesn't include huge bank problems and the bail in shit. But a group of robbers entering a bank won't affect your funds.

But your BTCs at home are unprotected. You can't insure them, because no insurance is accepting it, at least for now. You have to provide your own funds safety.

Trezor is open source, and you have the code available, BUT when you buy one, you don't know what is flashed in it.
You don't know if the software flashed in it, on 11.11.2021 anybody connecting a Trezor to internet will see his BTCs flying away.

Also, you can't ask to all people to become programmers. That's not a viable way to spread Bitcoin into mainstream. Even most coders wouldn't waste time on checking all the wallets' code.

You can't even ask people to compile the code themselves. I mean, I could do it, I am somewhat of a programmer myself, but it's really an annoying waste of time and I should be sure that somebody checked the code from Github before I compiled it, as I am not able.

So, apart raising the problem with this thread, I would like to receive a concrete answer.
At the moment, I think there's no grant anywhere that what you use as a wallet is exempt from the safety problems I exposed.
You download a wallet and you can't know what's in it.
But a larger team, means also more difficulty to put malicious code in the final version that is uploaded to a store.
In this regard I guess the Bitcoin Wallet, the official one, is probably the most reliable under this point of view.
Is there any expert in the wallets scene around here?
105  Bitcoin / Wallet software / Re: Which is the most SECURE Bitcoin wallet? on: September 19, 2016, 11:45:23 AM
Thank you for the effort, but it doesn't seem you know what you are talking about.
Let me be clear, I am on Bitcoin since 2013 and know a bit about it. I also wrote some articles on CoinTelegraph and a book about it.
But on the technical side I didn't dig deep into programming and security.
But I am also a little bit of a programmer, so I know something about it, that you seem to not be aware of.
Then let me explain: if tomorrow I make a wallet app, let's call it GODLIKE WALLET, and then I put it on the Google Store, anybody can download it.
I can make it open source: you could see the code on Github and check that there's no backdoor or any trick to allow me, the developer, steal your funds.
I could run loyally for some time, wait until its adoption becomes large, let's say 50000 installed clients.
THEN, I could make a new build, with a piece of code to send all the Bitcoins in the wallet to an address, and upload it to the Google Store.
People would update it, and as soon as they would launch it, all their funds would be transferred to my address.
The code on Github wouldn't be updated, people would trust it, and even if for just few hours, the compromised wallet would be live on the Google Store, stealing all funds from thousands of clients.
I would probably receive hundreds of Bitcoins.
I would then move those funds to some altcoin with anonymous transactions, and immediately reconvert those altcoin funds into Bitcoin.
There, the robbery is served.
But I don't know if this a realistic scenario, because I acknowledge that my know how doesn't get so deep into the mechanism, so I'm here asking this purely technical question about wallet apps and hardware.
I'm asking if there's a way to be sure about the purity of a wallet from the developers side, when one installs it or buy a hardware one.

i was talking about secure wallet providers who are endorsed by bitcoin.org and since you have a hypothetical doubt about them running away with the coins by creating a back door,will tell you this,if you are thinking like that you cant even come online,because literally anyone could hack or create a backdoor in the softwares you are using in your system and can very well steal every information and money you are holding. so if you are planning to come online be aware of the risk, as a registered company you cant just create a back door and steal all the clients money,you have to face the law and i dont think anyone would ruin their business and dignity for that,and for my technical ability i do run an IT firm .

Some people don't catch all of this. They just see an opportunity to steal, and they will do. MtGox didn't teach you anything?
Read my text again, it's very clear.
You COULD do it.
A single person is enough to create a wallet.
A single person is enough to put up a system like I described, compile, upload to the Store, take the money and run away.
If that person gets like 1000 BTC, that's more than enough in some countries to live without working a single day more in his life.
You probably couldn't easily identify who is the person. Or that person could also go live in a country without extradition.

And this is only ONE possible scenario.
106  Bitcoin / Wallet software / Re: Which is the most SECURE Bitcoin wallet? on: September 18, 2016, 06:52:53 PM
It is not that hard or complex.  Providing that you are not the type of person or have a computer that has the potential to die frequently, any offline wallet will work. 

How do I know that a wallet is not secretly sending my seed to the developers?
107  Bitcoin / Wallet software / Re: Which is the most SECURE Bitcoin wallet? on: September 18, 2016, 06:38:45 PM
To be secure you have to keep your private keys offline. You have always been able to do that with Electrum and Bitcoin Armory using two computers. A hardware wallet like Trezor is open source and much more convenient. Ledger Nano S is another alternative but the Secure Element used cannot be open source due to NDAs.

How can I be sure that the compiled code in Trezor is the same that is published online?
108  Bitcoin / Wallet software / Re: Which is the most SECURE Bitcoin wallet? on: September 18, 2016, 06:07:45 PM
I'm earning BTC on this forum for months already, so I have been able to stack some bucks up recently with the help of the forum. A week ago I was wondering about the same thing: how can I store my money safely? I mean I'm using a BTC wallet on my phone and my computer, so.. just one, little infected download and it's all gone.. Cheesy so I researched and found out about Offline, Paper Wallets. They're the safest ones, it seems. Now the question is... How are you going to do it the safest way?

Thank you for your suggestions! Smiley
109  Bitcoin / Wallet software / Re: Which is the most SECURE Bitcoin wallet? on: September 18, 2016, 06:05:01 PM
If you are your own bank,the risk increases,this is infact the biggest disadvantage of bitcoin,if you cant take care of that then saving your money in bitcoin is not a good idea.You cant just be scared about the development team releasing the core wallet,since it is an open source project you could check whether they have planted any backdoors if that is your concern. since you have this many concerns,you could keep all the coins in a paper wallet and you could store it in your bank locker. I have seen many threads here saying many stupid things about how people are saving their paper wallets like digging places in their garden and keeping it in pen drives and hiding somewhere and so on. If you have your bitcoin .dat wallet then you are safe no matter what,even if you are using third party wallets. Hope this helps and hope i cleared most of your doubts.

Thank you for the effort, but it doesn't seem you know what you are talking about.
Let me be clear, I am on Bitcoin since 2013 and know a bit about it. I also wrote some articles on CoinTelegraph and a book about it.
But on the technical side I didn't dig deep into programming and security.
But I am also a little bit of a programmer, so I know something about it, that you seem to not be aware of.
Then let me explain: if tomorrow I make a wallet app, let's call it GODLIKE WALLET, and then I put it on the Google Store, anybody can download it.
I can make it open source: you could see the code on Github and check that there's no backdoor or any trick to allow me, the developer, steal your funds.
I could run loyally for some time, wait until its adoption becomes large, let's say 50000 installed clients.
THEN, I could make a new build, with a piece of code to send all the Bitcoins in the wallet to an address, and upload it to the Google Store.
People would update it, and as soon as they would launch it, all their funds would be transferred to my address.
The code on Github wouldn't be updated, people would trust it, and even if for just few hours, the compromised wallet would be live on the Google Store, stealing all funds from thousands of clients.
I would probably receive hundreds of Bitcoins.
I would then move those funds to some altcoin with anonymous transactions, and immediately reconvert those altcoin funds into Bitcoin.
There, the robbery is served.
But I don't know if this a realistic scenario, because I acknowledge that my know how doesn't get so deep into the mechanism, so I'm here asking this purely technical question about wallet apps and hardware.
I'm asking if there's a way to be sure about the purity of a wallet from the developers side, when one installs it or buy a hardware one.
110  Bitcoin / Wallet software / Which is the most SECURE Bitcoin wallet? on: September 18, 2016, 04:34:06 PM
I know there are many threads about the BEST Bitcoin wallet, but I don't think that's the right question to ask.
There's no best, but only the one that fits better one's needs.

What I'm looking for, is the best way to protect my BTCs.
What bothers me is the fear that some of the developers could slip a backdoor or a mechanism to steal all the Bitcoins from all the wallets one day.
I know this may look an absurd fear, but still, I don't think it can't be ruled out.
I'm also just out of reading about a bug in the CoPay wallet where using a multisig transaction one could steal all the coins in a wallet, due to a bug. Don't know how old that article was though.

However, the problem is that with banks, our savings are protected: if robbers steal the bank, they have insurance, you always can get your money... at least until the government wants to fuck you up and lock your account, of course.
But in normal conditions, you don't have to think about your savings safety: they are there, you forget about them and no problem about robbery.

With Bitcoin, you are your own bank.
This means that YOU have to make sure your savings are... safe.

Now, a phone app would be ok for me. I could print the seed words and put the paper in my father's strongbox.
But as I wrote here up, I am scared by developers themselves.
I know that most wallets are open source, and anybody can check the code, but still I don't know WHO or IF the code of wallets has been really checked by anybody.
I myself surely can't check it.
My programming skills are very basic and I don't know enough of blockchain functioning to check anything, and I guess the same goes for 99999 people on 100000 on the planet.

So my question is: what is the most secure wallet out there? I suspect it's the Bitcoin Wallet from the Bitcoin Wallet Developers, right?
Still, how can we be sure they are not going to group up and fuck up everything when Bitcoin price will go up?

This in regard to the Bitcoin Wallet.
Switching to "third party" wallets, we have more problems: even though the developers make the code open source, how can I know that they won't one day upload a completely different version to the Store and get my money? Is this a realistic possibility?

With hardware wallets, the problem persists and becomes even worse. Of course hardware wallets can't be open source (I think), so nobody can check what they really do and what's really running in their chip.

Well, I think I made my point clear.
Hope somebody can help me up in choosing the most secure wallet out there.
Thank you in advance!
111  Local / Italiano (Italian) / Re: Giulio Tremonti: la BCE stampa 80 miliardi di bitcoin al mese! on: July 02, 2016, 01:26:15 PM
Dai poveretto... capiamolo... a una certa etą cose rivoluzionarie come Bitcoin sono difficili da accettare.
112  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN][EXCHANGE] Poloniex - Crypto Exchange with BTC/NXT on: June 06, 2016, 02:09:18 PM
“There is a widespread datacenter outage affecting connectivity of several servers. Coins are safe.”
@Poloniex - https://twitter.com/Poloniex/status/739818094051348481

Thank you!
113  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN][EXCHANGE] Poloniex - Crypto Exchange with BTC/NXT on: June 06, 2016, 01:59:44 PM
Here it says it's up: http://www.downforeveryoneorjustme.com/poloniex.com
114  Alternate cryptocurrencies / Service Announcements (Altcoins) / Re: [ANN][EXCHANGE] Poloniex - Crypto Exchange with BTC/NXT on: June 06, 2016, 01:49:39 PM
Worked for me up to few minutes ago, now seems offline.
Wonder why they don't fucking give warnings before taking down the site for updates.
And if they've been hacked, this is the last time I will ever use an online exchange.
115  Economy / Goods / Re: OpenBazaar Stickers on: April 13, 2016, 08:30:17 PM
Check out my store on OpenBazaar.....selling Open Bazaar stickers!

ob://212eca1b6b5281f5b64ab58b43030a4b19bca01f/store

Feedback welcome.

these must be interested. I am downloading Openbazaar software. lets see what will I get from your shop. it would be great if you describe your stickers little bit more. like attaching their pics and prices here.
BTW Good Luck for your shop.

I have heard OpenBazaar to be a good shop for bitcoin. Only thing i wonder are they shipping world wide or they are limited to few of the countries.
Stickers are any sort of discount Coupons or something like it ?

OpenBazaar is not a shop, it's a platform where anybody can open a shop.
So it depends on where you are buying, where they are available to send the stuff.
116  Economy / Goods / Re: OpenBazaar Stickers on: April 11, 2016, 09:07:18 PM
It's funny: until it was on the testnet I could reach shops, now it stops on scanning network and gives me no results.
Seems to me this is still an alpha version.
Wouldn't number it 1.0 but 0.9 or something.

But it should be working, because I see news like these: http://www.financemagnates.com/cryptocurrency/education-center-2/went-shopping-drugs-fake-ids-guns-using-bitcoin-openbazaar/
Any idea?
117  Bitcoin / Bitcoin Technical Support / Re: Why is this transaction blocked? on: March 27, 2016, 09:09:49 PM
It is now confirmed.

Thank you! Stop spying me now!  Cheesy  Grin
118  Bitcoin / Bitcoin Technical Support / Re: Why is this transaction blocked? on: March 27, 2016, 08:43:03 PM
OK thank you dudes  Smiley
119  Bitcoin / Bitcoin Technical Support / Why is this transaction blocked? on: March 27, 2016, 07:49:54 PM
I just made this transaction almost 2 hours ago: https://blockchain.info/tx/8f4d994f4df6e5b1c2180c1f3fd69af30a71bf714d84d023a7755e2ac6f7dd41

Says it's high priority, but despite this, it's still not confirmed, 0 confirmations.

Are the fees too low???
120  Economy / Economics / Re: How to make 17 BTC out of 7 BTC ? on: March 26, 2016, 06:04:43 PM
I think it's possible if you will start gambling or smth like this . It will very fast if you are lucky one but better to start from smth reliable and safe, maybe trading.

Try something reliable and secure is the best option. Gambling won't help all time. I too have wasted lot my earning in gambling. But I keep on continuing as it has made me get addicted to it.

Yeah you are right, but what method to make 17bitcoins from 7 bitcoins without gambling ? I think it's hard though, even you do trading, i think trading also include gambling ?

If you haven't got a statistical mind, trading in altcoins and Bitcoin is essentially gambling.
I am trading in this environment, and I "win" on something like 80% of my actions.
But many times I wonder what the hell people think when they are selling or buying at the wrong moment... clearly, I can see something that they can't see.
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