I thought the FBI stole almost all of DRP's coins already. This is the FBI's address that they used to store the Silk Road coins (belonging to customers, in a 'hot wallet'): https://blockchain.info/address/1F1tAaz5x1HUXrCNLbtMDqcw6o5GNn4xqX. It contains about 29,000 BTC. This is the FBI's address that they are using to store DPR's personal coins: https://blockchain.info/address/1FfmbHfnpaZjKFvyi1okTjJJusN455paPH. It contains about 144,000 BTC. How did they get the second batch of DPR's personal coins? I'm guessing that DPR either had his wallet password written down somewhere, or had hints to the password written down somewhere, which made cracking it very easy. Some people think DPR has a few hundred thousand more coins somewhere in another wallet. It's possible, but it's also possible that the FBI already has almost all of his coins. EDIT: note that the FBI started moving the silk road coins on October 2nd, and they started moving DPR's coins on October 25th. This suggests that the FBI had to work pretty hard to get DPR's coins, but eventually they succeeded somehow. It's my understand the majority of his coints are not seized. http://www.coindesk.com/fbi-proves-seizing-bitcoins-isnt-owning/ |
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It is our duty as people who stand to get very rich off this to help these people. This is for two reasons, one selfish and one unselfish. [/b]
As a newbie, the storing part is a fucking hassle.. Try tell my mother on +50 who don't even know what OS she is using, to liveboot Ubuntu and generate a bitcoin address, it ridiculously hard unless you are a tech savvy.. :@ :@ :@ |
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just sounds not worth the risk ...i'm not tech savvy either but there are step by step instructions how to do the ubuntu boot. Its not rocket science!
that said, it does seem very unlikely someone would be hacking your ipad or that it already has some kind of trojan horse on it
but you're potentially talking about the security of '000s of dollars worth of bitcoins, why not spend some time figuring out how to do things properly?
Well I've spent several weeks on it so far without luck.. Sure the 5 step guide on their webpage seems like a breeze, but apparently it itns't so. I can spend from now till christmas, but I've read up and tried all the ways, hence I'd rather spend my time elsewhere. lol ... why use IPAD to do this ?
Cause it's way harder to get spyware/keyloggers on an IOS tablet, according to the store, it should not be possible unless you install it yourself. |
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As I'm not tech savvy enough to boot my computer from a live version of Ubuntu to generate a wallet through bitaddress.org, I considered going the way:
1. Go to bitaddress.org with a non jailbroken iPad
2. Turn off wifi
3. Make a brainwallet with a random phrase of +100 letters, numbers and symbols
4. Write down private key on a piece of paper, proceed to do several backups
I will safe the public key on a computer and then send funds from a bitcoin exchange.. This way my private key cannot get hacked, unless sombody has remote access to my iPad while offline, but from my understanding that should not be possible on an IOS tablet.
Can anybody tell me if this would be a bulletproof way to generate a private key?
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200 300 is new floor IMO
FTFY |
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Okay, I actually thought he had encrypted a his wallet file with a really strong password, anyways, what is a proper way to 'back-up' a brainwallet? (my knowledge concerning brainwallets are limited)
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^^ Encryption? Brainwallet? Please elaborate as I'm kinda of a newb regarding the technical part of things..
Also, what do you consider as bulletproof security regarding wallets?
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who pays for porn in 2013?
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I am 100% sure is malware free
Wow, you sound quite confident. Brand new and hasn't been connected to the internet. I'm thinking that I should download the wallet.aes.json from blockchain, encrypt it with the opensource GPG with a really strong passphrase (18+ chars upper and lowercase + symbols as well).
That wallet.aes.json is already encrypted with the password that you use at the blockchain.info website. If the password that you use at that website isn't a "really strong password", then the wallet.aes.json is vulnerable to anybody that gains access to the website's database, regardless of what you do to the one you download. If the password that you use at that website is a "really strong password", then why do you need to encrypt it a second time? Okay, I didn't know that they were already encrypted. That makes it easier, I guess. So I basically just need to click the back-up icon in the respective blockchain accounts and save those .aes.json files as they are. Then the only way to steal those coins would be to crack the password? Would this also be a sustainable way to set it up for 1-2 family members of mine, who recently approached me regarding help with buying bitcoins (and storing them of course)?
If you are comfortable recommending an online service and they are capable of choosing and remembering a "really strong password" for use with the blockchain.info website. What else would you recommend? They are not tech savvy at all, but have iPhones, so I can set up Google 2-FA on their blockchain.info account, and they would basically leave it for a year or so.. I would probably also do a back up of their wallets on a disk. Unless there is a better way, of course From what I've gathered your coins cannot get stolen on blockchain, UNLESS you login while the sites code is infected with malware, this would not be a problem, as this is for a "buy-and-hold" in atleast a few years.
If you don't choose a strong enough password, then someone could access the site's database, and decrypt your private keys. It is also possible for keylogger software on your coputer to capture the password when you login to the site. I was under the impression you couldn't just hack blockchain.info due to them using offline storing and Javascript wallets? Unless the sites code would be infected and you were to login while this was happening.. The 2 family members would use Google 2-FA, so the biggest concern would be that the owner of blockchain runs off with the coins? Correct me if I'm wrong Also, would I have to do back ups everytime the balance of the wallet increases?
I believe that with blockchain.info you only need to create a new backup whenever you generate a new receiving address.
I also read up on making a paper wallet for my non tech savvy family members, with ubunto disc and generate an offline paper wallet.. If this were the way to go, what would be a good way to back it up? Picture of wallet with private key and maybe print on a disc? Thanks for your answers, hope you (or somebody else) can clear these follow-ups for me as well.. |
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Hey, I hope to get some inputs from smarter minds than me, whether this is a bulletproof strategy to store bitcoins since I'm kinda of a fucknut regarding security, anyways;
I currently have a wallet on the blockchain with google 2-FA + a brand new computer which I am 100% sure is malware free, I'm thinking that I should download the wallet.aes.json from blockchain, encrypt it with the opensource GPG with a really strong passphrase (18+ chars upper and lowercase + symbols as well).
Then delete the original wallet.eas.json and throw the wallet.aes.json.gpg file on 2-3 usb sticks and spread them on different locations..
Would this also be a sustainable way to set it up for 1-2 family members of mine, who recently approached me regarding help with buying bitcoins (and storing them of course)?
From what I've gathered your coins cannot get stolen on blockchain, UNLESS you login while the sites code is infected with malware, this would not be a problem, as this is for a "buy-and-hold" in atleast a few years..
Thanks in advance
edit: typo
Also, would I have to do back ups everytime the balance of the wallet increases?
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Just a friendly warning,  Sell your bitcoins before we break the $5.00 wall, because once we do we will probably be testing $2.00 again. I own bitcoins that I bought at 5.2, and am in the process of selling them before we break the $5.00 wall. looking back at this today  |
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The problem is nobody knows how high it will go before it corrects.
It could go up to $1000 and then "correct" down to $500, for example.
Which would mean that it's still worthwhile to buy in now.
my thoughts as well |
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Bitstamp.net for amounts below $1000
Btc-e.com for anything above $1000
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Yeah, they're an embarrassment to Japan. The Japanese government should do something about them.
i second this |
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Nothing, waiting for the price to hit $990 and sell it, not going for $1,000 cause everyone is aiming to sell at that level..
you know the majority of bitcoin volume is in CNY? |
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Why would anybody be on mtGox by their own will? :O :O :O
I'm not a US citizen (nor canadian), but would assume that both bitstamp or btc-e would be easier to buy and sell bitcoins..
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I don't even know where to start on this thread. So I am not going to. Have a nice day.
+1 |
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Oh where are the bears?  they shorted bitcoins are and without them now :O |
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Guys, what is the reason of this sudden price rise? Any fundamental changes happening somewhere?
Please learn one thing and only this thing when trading: the price rises because there are more people buying than selling. If more stuff is bought than sold, where does the stuff come from that is only bought, but not sold? Why is someone buying so much stuff is the question. What changed ? I think a lot of people discovered the bitcoins during the recent media buzz.. the fact people need a few weeks to get fiat into an exchange and read up on bitcoin/crypto etc, I suppose its normal to be delayed a few weeks.. |
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