I completely agree and many do/did speak in mbtc. it has been discussed many times. I think we should do a "stock split" by just calling btc what is today 1/1000 of a coin. because 21 million is too small for a worldwide currency and perception is important. nobody is the proud owner of .002 coin.
This.. if we can get the mass media to start calling it mBTC and saying it's only .60 for an mBTC. A few of my friends don't want to buy because they don't want to own a fraction of something... |
|
|
|
|
UP UP UP UP UP, oh hey.. the price is $650.
|
|
|
|
|
Just like the internet will only be used by geeks.
|
|
|
|
|
If you have nothing nice to say don't say anything at all.
We need to use that thinking more on these forums.
Also, second market starting up an exhange.. HELLO
|
|
|
|
You didn't mention anything about a very important aspect: the passphrase length and complexity you use to encrypt your wallet.
How many characters? Did you include special characters?
Over 15 chars, yes. https://howsecureismypassword.net/ says "It would take a desktop PC about 71 quadrillion years to crack your password" A password of similar length and characters, didn't put my exact one in. |
|
|
|
|
You guys are freaking awesome! So glad I came here to ask for help/info about this. I feel much better about setting up security now, thanks for pointing out the flaws and security level to my system! I'm going to have to get my private keys on paper, haven't tried to do that yet but it doesn't seem to hard!
|
|
|
|
It has to be adopted by the main stream if there is any hope of leaving the central banking system.
So they leave the central banking to a central authority telling them it is safe. This is the same thing, they will not leave at all cause it offers the same exact thing as a central banking system. The BSSA should simply imply the exhange isn't a POS that a 5th grader could hack. Just like my CET designation, all it says is I passed an ethics test and the odds are higher I won't do something dirty. That's it. |
|
|
|
Good idea IMO, any company that complies with the rules can advertise as meeting the BSSA standards. IMO there should be no requirement to have it, people will just know if you are BSSA compliant your security is way more legit than an exhange that is not.
Did you read this thread, or just OP? So you rather have a group of people telling you something is safe, then cryptographic functions? Come on you people can't be serious. This is one reason bitcoin shouldn't be mainstream we get idiots like this newbie here, saying he wants a babysitter group well guess what, card credits have it and it is a broken system so go use them. It has to be adopted by the main stream if there is any hope of leaving the central banking system. With the amount of fly by night exhanges I still don't see why this is a bad idea... It should be shouted from the roof tops no exhange is ever safe ever.. However, why not have a very simple minimum standard exhanges can meet to say they are BSSA compliant. I was thinking the BSSA requirements are based on the resillance of the exhange to be hacked and that's it. I dunno something like a group of hackers that attempt to hack the exhange and if they can't it get's BSSA. Furthermore the BSSA could push the idea your coins are only safe if they are offline. With the introduction of standards govs might not consider regulations.. although I doubt it lol. |
|
|
|
Might have to start calling the paper gold etf 'GoxGold' if gold has been rehypothecated to the extent that many say.
I think we should. Listen to Kevin O'leary's view on "paper" gold, it's ammusing. He owns half of his gold in physical gold and implies the paper gold he "owns" doesn't actually exist. I can't believe the game is still going after the states refused to give germany their gold.. where did you find that he suggest that the paper gold doesnt exist? i didnt find that, just the mention of the 50% to physical and 50% to paper split Watching the one youtube video. He just mentions "If it's actually there", I was taking that statment as he knows they are not. |
|
|
|
|
THis makes me want to close my RBC accounts.... :S.. Seems like they might just do it to me. This would be the third time RBC has screwed me.
|
|
|
|
That should be very secure.
I've considering trying the paper wallet thing, I am just nervious about getting them back to hot wallet. I guess I might as well just try it with .001 BTC and if I get screwed well.. I'll figure it out eventually. I understand. I always test my wallets before I send significant funds to them. But regardless, you should absolutely make paper backups and put them in safety deposit boxes or a safe. All hardware can fail, paper can't fail. So continue using the method I am but on top of it back up my private keys? (will do 100%) Furthermore, I can continue to send coins to that address? (I assume it will be updated with the correct amount when I put it back into hot state) Thanks for all the help guys and girls!!!! |
|
|
|
That should be very secure.
Sweet thanks!!!! I've considering trying the paper wallet thing, I am just nervious about getting them back to hot wallet. I guess I might as well just try it with .001 BTC and if I get screwed well.. I'll figure it out eventually. Not gonna lie.. I already wrote a random catch phrase for an LTC wallet with 1 LTC on it(zomg read first eh!).... Lesson learned. I'm hesitent to make another stupid mistake lol. |
|
|
|
|
Opinions? Most IRL people I talk to about bitcoin are in utter amazment when I create a new folder and create a new text document in it... This is the computer skill I am mostly surrounded by :S, so I don't really have anyone IRL to help me out.. Hence me asking silly questions.
I've read about doing the paper wallet thing but it's always nice to actually talk to people about it.
|
|
|
|
|
Good idea IMO, any company that complies with the rules can advertise as meeting the BSSA standards. IMO there should be no requirement to have it, people will just know if you are BSSA compliant your security is way more legit than an exhange that is not.
|
|
|
|
he donated them to all of us by never using them.
This seems like a bang on description(mainly because I want it to be true lol). I'm hoping Satoshi comes out one day and says this. |
|
|
|
|
Here is a situation of how some coins are protected.. I'm wondering if they are protected at all :S.
Format laptop.
Download wallet on laptop.
Send coins from desktop to laptop.
Encrypt wallet.
Back up wallet file on External hard drive + usb
FOrmat laptop
How secure is this method of storage?
Any recommendations on changes to this method?
Should I still be printing off my private key?
|
|
|
|
Might have to start calling the paper gold etf 'GoxGold' if gold has been rehypothecated to the extent that many say.
I think we should. Listen to Kevin O'leary's view on "paper" gold, it's ammusing. He owns half of his gold in physical gold and implies the paper gold he "owns" doesn't actually exist. I can't believe the game is still going after the states refused to give germany their gold.. |
|
|
|
The US is not a democracy. Never was.
This |
|
|
|
|
Just popped in to say the UK is deeming bitcoin private money like the Germans. I highly doubt we will see BTC banned in any legit democracy.
|
|
|
|
|
How do we know the bitcoin company..
lol.
|
|
|
|
|
Show Posts
