So silly. When Homeland Security seized my Bitcoins they just put them on a Trezor Bitcoin safe. The Bitcoins they seized from me are still on their Trezor at this address. I expect them to someday auction them off: https://blockchain.info/address/1Eu38i1DkRAPAJhSqbseVroJDpMRfJbAx3As long as they keep the seed private and secret and the Trezor in a safe place there is now way hackers can get the Bitcoins. Someone needs to tell these folks how Bitcoin works. |
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So you are creating cold wallets with the hope of someday stealing someone else's coins?
All you need is a way to monitor all the addresses you are creating in order to swipe the coins if there is ever an address collision?
That is what it sounds like.
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Fees are market driven.
Is that what you mean by "unpredictable"?
The exchange rate is also "unpredictable", even more so.
Do you want to try and artificially also set the exchange rate?
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This has been suggested to him several times. You're going about this the wrong way. What you want is to store the long part of the key in an easily-accessible form, but then have a small password that you know that secures it. There's actually a standard way to do this that is secure (well, as secure as your password): BIP38 encryption. Here are some sites that let you generate a BIP38-encrypted key: (I can't vouch for either of them personally, but they look decent enough) https://bitcoinpaperwallet.com/bitcoinpaperwallet/generate-wallet.htmlhttps://bit2factor.com/BIP38 uses scrypt as a key stretcher, so that it's harder to guess your password (still, you should choose a good one, e.g. 8 random characters, not just a word or name). |
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Hi
I created a bitcoin wallet once to pay for a service from a site, but i never bought the service and kept the bitcoins. I also very shortly did some mining.
And i changed OS a few times since so i have no files what so ever form then.
So if i don't have a wallet.dat file i have lost that wallet for good ?
//Brian
Sorry to say but given your story the Bitcoin are most likely gone forever. To be sure please explain exactly what you mean when you say "I created a bitcoin wallet" - be very specific with as much detail as possible. |
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Right now 0.00044314 BTC/kB for a confirmation within one block
and 0.00015084 BTC/kB to get a confirmation within 25 blocks
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I mean, a magnet creates energy output without to need energy input. This is a violation of laws of physics. How can you explain that?
Bullshit. It takes a energy to create a magnet. They eventually do wear out. Just Google "how magnets are made" |
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I have been promoting Bitcoin for years. I used to sell Bitcoin on localbitcoins.com just to get people started and to meet people interested in Bitcoin. That is until I was arrested, thrown in solitary confinement, had my assets seized and spent 9 months and $300,000 to defend myself against the bogus charge of "operating a business without a license" for selling Bitcoins on localbitcoins.com If you are interested you can read more at: www.burtw.comwww.jmwagner.comI still promote Bitcoins when I can. |
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According to electro-magnetic field theory and Maxwell's equations there are two sources of magnetic field:
1) Moving electrons (current)
2) A changing electrical field
Magnetic fields come from these two things.
In case you are wondering there are two sources of electric fields:
1) charged particles
2) A changing magnetic field
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Just something I've been thinking lately - I hold a sizeable sum in a trezor that I bought lately (after I did some review of the code and the protocols used), but I'm wondering about how much others would trust a trezor personally. I used to use Offline Armory exclusively but it's taking a toll on my SSD's by running a full client on my online computer.
I trust a vast majority of my BTC on my Trezor. When Homeland Security "borrowed" all of my Bitcoins for 9 months they kept them on a Trezor. |
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No he can recalculate the checksum after replacing the "secret part"
With what? He would then need to have a tool. He wants to be able to reconstruct the correct private key from memory + the written down wrong key without the use of a computer or tool. If he is going to have a computer and a tool why not just password encrypt the private key like everyone else does. |
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He would need to not only memorize the "Bitcoin" part and also memorize the correct check sum part for it to work for what he wants to do...
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You are providing much needed liquidity to your local Bitcoin economy. Keep up the good work!
In some countries/states, if your transactions are over certain limit, you have to apply for a license. Otherwise, it is illegal. What exactly is the limit in your jurisdiction. Please give source. |
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To be honest, I don't want it to look good, I wanted to be easily remember.
take the private key I wanted to generate
5BitcoinDs9BsUqVh1Nivythf49VvEzGXpDYj37ZLtDxdDyXN7D
I want to store this in plain sight but instead I posted it as
5hutyAewDs9BsUqVh1Nivythf49VvEzGXpDYj37ZLtDxdDyXN7D
Since I only know to Change the 7 Letters back when I need to use my Private key, I can plainly put this on my computer or email me a copy without worrying about people getting hold of my Actual Key
It's similar to breaking down your private key into two parts, but this way, one part is easily remembered and recovered.
If you did this (replace the 7 actual characters "Bitcoin" with the junk characters "hutyAew" and you gave me the string 5 hutyAewDs9BsUqVh1Nivythf49VvEzGXpDYj37ZLtDxdDyXN7D then I could easily write a program to very easily recover the original string "Bitcoin" within a few seconds (just by checking the checksum), crack your private key, and take all of your Bitcoins. You really do not want to mess with this! |
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Well, you could store a password encrypted version of your private key in plain sight and then when you want to use it you would use the password to decrypt the private key.
In this case the security of your private key would be as good as the security of your password.
You can do this with a password encrypted MS Excel document for example.
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excellent, thank you.
CLAM distribut(s|ed) its coins that way. clam? The initial distribution of CLAMs is interesting. Basically, if you owned Bitcoins at a certain point in time then you own the corresponding CLAMs, all you have to do is claim them. |
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You don't seem to understand that since a private key can be anything you are not constrained to just having the first part "say something" and then be stuck with whatever random characters appear in the rest, like you are with a vanity Bitcoin address. Theoretically you can have the vast majority of the encoded private key say whatever you want it to say. It will have to start with the correct characters of course and end with the correct checksum but then after that you can control almost everything else. The utility you desire is very easy to write. Basically just do steps 1 - 7 described here in reverse: https://en.bitcoin.it/wiki/Wallet_import_formatStart with a properly encoded Base58 encoded string: 5 <constrained 2nd character> <A bunch of Base 58 characters YOU CAN PICK> <constrained characters to encode the checksum> So you can pick almost all of the characters in the string as long as they are in the Base 58 character set. This is a very bad idea.
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I know you can create a vanity Bitcoin Address, but is there a way to create a Vanity Bitcoin Private key?
A private key is any 256 bit number so yes, you can create any private key you want. I assume you want the encoded version of the private key to "spell something" Sure, no problem: start with what you want it to "say" as a legit encoded string and you are done... Not very exciting. As Danny said: This is a very bad idea. |
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Its not illegal as long as you're reporting your taxes.
You can be arrested even if you pay all your taxes. I was arrested for selling my Bitcoins using localbitcoins.com I paid all of my capital gains taxes on all of my trading - that was not the issue. The legal issue boiled down to one question: was I operating a business or not. They claimed it was a business, I claimed it was not. After being forced to "donate" about $40,000 in cash and $40,000 in Bitcoin to their Federal Asset Forfeiture slush fund we agreed to disagree and they dropped the charges. Defending me against the federal felony charge [Operating a business without a license, up to five years in prison and a $250,000 fine] did end up costing us almost $300,000 of our retirement funds, our daughter's college fund, our savings, and the equity in our house. You can read all about it here: http://www.jmwagner.com/http://www.burtw.com/However, if you sell your Bitcoins though an exchange you will not run into this specific issue since there is really no way they can call it a business, go after you, and then grab all the assets they can get their money grubbing hands on. Read through your story. Respect. Thanks. |
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