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501  Bitcoin / Development & Technical Discussion / Re: How do you manage your private keys to make transactions? (offline storage) on: February 20, 2018, 07:20:57 PM
2) Having a paper wallet (encrypted with BIP38). The problem: You can easily lose a piece of paper.
Well, you could also make multiple copies of that piece of paper. Unlike cash, your bitcoins can be in multiple places at once, after all. Imagine losing your wallet on the subway, with all your cash in it, but wait! You have a backup at home! And a potential thief who finds the wallet can't access your cash without a password anyways.

But paper wallets, similarly to hardware wallets, are very recognizable objects (and it will be increasingly recognizable overtime),

Not necessarily. Look at how small they can be, such as the paper discs inside casascius coins. If it fits on that, can't you write it on the page of a book on your shelf? Books aren't immediately recognizable as money. What about a curtain rod? There's nothing stopping me from turning that into a wallet. Just stick some numbers in there where they can't be seen.

A lot of people make their paper wallets look like money because that's fun to do. It doesn't have to be that way.


Good point. You could just put your paper wallet in the middle of a big fat book and it would be hidden pretty well. Im not sure about anything else tho. Any hardware wallets are still a problem and could be recognized during scans on airports.

If eventually the governments become extremely paranoid about Bitcoin, they may start looking for these on every border, so have that in mind. A generic USB or any other generic storage device is always better than a HW in this sense. The paper wallet hidden inside a book idea is also good (unless they start checking books too...)

All things considered, hardware wallets suck unless you are sure that nobody is going to find it, and nothing can guarantee that, which is why I advise against them, among other things such as having to trust that they are legit.

Remember also that private keys can be encoded in many creative ways. For example, you can write some notes on the side of a page in a textbook, and then use that text as a private key. Chinese customs looks at the notes, and sees scholarly etchings, not a bitcoin key. When in reality you could have your savings stored in those notes.


True, but if you are a Bitcoin Core user and you have all of your private keys on a wallet.dat file, you can't do that. You are going to need a device to store your wallet.dat file, so an USB seems like the best way to go. You could also encrypt your entire laptop, but beware, if you lose the password, it's game over. I lost a password for some encrypted drives with veracrypt, and I can't no longer access them.

You could just send your wallet.dat file to yourself in an email temporarily while you cross borders, just encrypt it and hide it well, it should be ok as a temporary measure.

I just don't trust BIP38 enough to have all of my BTC on there, so I need ways to keep wallet.dat safe.

- I have seen Veracrypt being unable to restore encrypted files several times (of course using the correct password). I wouldn't trust it with my money. I never had problems with GPG, so its my first choice.
- I use email as an additional backup for my double encrypted wallet.dat files. Crossing borders without a hassle is a nice side effect.
502  Bitcoin / Bitcoin Discussion / Germanys News Channel N-TV is celebrating a "cryptocurrency week" on: February 20, 2018, 07:10:32 PM
I couldn't believe my eyes...
Btw. full of FUD from so called Bitcoin experts ('Bitcoin will be worth 100$ soon' etc) followed by "How you can buy Bitcoin"

I am not sure if this is good news ...  Undecided
503  Other / Meta / @Theymos Please remove the "Show unread posts since last visit" link on: February 19, 2018, 08:09:30 PM
It might have been useful a few years ago, but nowadays it makes no sense anymore.
504  Bitcoin / Development & Technical Discussion / Re: How do you manage your private keys to make transactions? (offline storage) on: February 18, 2018, 07:32:46 AM
It is really simple:
-Create an offline wallet with Bitcoin Core and encrypt it (I recommend using PGP on top of the original encryption for privacy reasons)
-Backup this encrypted wallet.dat file anywhere you want. You can put it on several harddisks, usb sticks. You can send it attached to several email addresses.

I keep most of my coins on encrypted wallet.dat, but it's not possible to do day-to-day spending this way. I just use them for coins I don't expect to move for months or years.
...


I don't think, that a 'day-to-day-wallet' needs to be secured in an offline wallet in most of the cases.
505  Bitcoin / Bitcoin Discussion / Re: Coincidence or not? on: February 17, 2018, 03:55:12 PM
Someone bought a huge amount of bitcoin when it drop, coincidence or not?
Source: https://www.investopedia.com/news/bitcoin-price-retreats-10k-mysterious-buyer-emerges/

Yeah and a bag of rice fell over in China at the same time. Coincidence?
506  Other / Archival / Re: Too many vulnerability/Hacks on: February 17, 2018, 09:00:06 AM
Is offline wallet safe?

It mostly depends on your own security conception. If your computer is already compromised, your offline wallet is probably not very secure.
507  Bitcoin / Development & Technical Discussion / Re: How do you manage your private keys to make transactions? (offline storage) on: February 17, 2018, 08:56:02 AM
It is really simple:
-Create an offline wallet with Bitcoin Core and encrypt it (I recommend using PGP on top of the original encryption for privacy reasons)
-Backup this encrypted wallet.dat file anywhere you want. You can put it on several harddisks, usb sticks. You can send it attached to several email addresses.
508  Economy / Service Announcements / Re: I offer password recovery services for your forgotten wallet.dat password! on: February 15, 2018, 08:51:08 PM
I offer password recovery services for your forgotten wallet.dat password!
I have access to a powerfull GPU farm i build myself.

i dont need your wallet.dat, just a hash to recover the password so you can open your long lost password!

my company % is discussable on success im open to offers,

I work only with custom password recovery software, the best. And best for all its legal!



What hash do you mean, sir?
509  Other / Archival / Re: Too many vulnerability/Hacks on: February 15, 2018, 12:35:07 PM
...
In your opinion, what caused all this?
...

Bad code: https://bitcointalk.org/index.php?topic=2940686.0
510  Bitcoin / Bitcoin Discussion / Re: The truth about Bitcoin energy usage. on: February 14, 2018, 04:59:50 PM
I read about it in an article how Bitcoin mining is taking so much energy to mine and it's comparable to the power consumption of rltowns and cities.if it's remotely true and it's a reason for great concern for the environment and us.as it is the world is facing a energy Crisis and we are making it more severe.the community needs to find alternate ways to mine if we are to stop this power drainage.
Yeah! Let's start with the energy consumption of the current world wide FIAT banking system, which is enormous compared to the Bitcoin network.
Is it really? Bitcoin mining currently uses more electricity than many of the small-mid sized countries: https://www.theguardian.com/technology/2018/jan/17/bitcoin-electricity-usage-huge-climate-cryptocurrency
And this will keep going up along with the price rise, halving should help though. It is becoming a problem, we already have China proposing progressive caps on mining energy usage, now there's Iceland with their bitcoin mining tax proposal:
https://www.newsbtc.com/2018/02/12/iceland-may-implement-bitcoin-mining-tax-energy-consumption/
Also:
http://metro.co.uk/2018/02/11/iceland-use-energy-mining-bitcoin-powering-homes-year-7304155/
It's all fun and games until mining causes energy shortage resulting in costs of living going up for everyone in affected region.

thank you for your comment and article links. The issue of bitcoin/altcoin mining extreme energy usage exists. The crypto community can't ignore it. If we benefit from cryptos, we should face the music of its negative impact on the world environment.
It's another side of the medal=coin, so to say. The possible solutions should be brainstormed, discussed and further implemented by the community.

If we cut out everything that has a "negative impact on the world enironment", there would be not much left...

511  Bitcoin / Development & Technical Discussion / Re: Bad Code Has Lost $500M of Cryptocurrency in Under a Year on: February 13, 2018, 08:20:57 PM
Seeing how security and actual software engineering often comes as an afterthought, instead of serving as a fundamental requirement, it comes to very little surprise to be honest. I guess that's the downside of the comparably low entry level when it comes to developing crypto related software (as opposed to, say, traditional finance, military and aircraft applications).

Properly handling immutable, decentralized transactions is hard and mistakes are costly without recourse. Even moreso when it comes to smart contracts. It seems like a lot of companies and developers haven't yet fully fathomed the implications of what processing irreversible scripts and transactions really means.


I mean...

Quote
“There was a bug on Bitgrail where if you placed two orders you got double balance added to your account. You could then withdraw while the orders were up and steal the coins. You had negative balance in the end but you could just make a new account.”

What the. Actual. Fuck. That would be bad enough in traditional finance or actually any online application that handles money. But in crypto such a bug becomes fatal.



Quote
The cryptocurrency most commonly associated with catastrophic bugs is ethereum. That’s not due to its underlying code, but on account of the smart contracts that can be built on top of the ethereum framework.

Here's the next thing. Granted, if Solidity where more strict and rigorous its developer base would likely be much much smaller. Nonetheless I'd argue that such strictness would be required to allow somewhat reliable smart contracts. With Solidity it may not be a code issue, but it's definitely a design issue. I don't follow Ethereum all that much, so I might be missing parts of the big picture, but what I always ask myself is: If blockchain veterans such as the Ethereum development team is unable to design a sound smart contract platform, how can we expect blockchain rookies -- which is what most of us are, given how young crypto is -- to implement reliable smart contracts on that very same platform?

Sorry if this post comes off as ranty, I guess irresponsible code just kind of grinds my gears.

A lot of good reasons to stick with Bitcoin, esp. Core and keep running full nodes and I also would trust smart contracts a lot more, if they would be based on the the Bitcoin blockchain than on any other shitchain.  In my opinion ALL of the > 1000 Alts are rather the result of missed financial/fame opportunities than a real technological progress.
512  Bitcoin / Development & Technical Discussion / Bad Code Has Lost $500M of Cryptocurrency in Under a Year on: February 13, 2018, 01:05:18 PM
https://topbitcoin.lv/bad-code-lost-500-million-cryptocurrency-year/

Quote
Cryptocurrency can be lost in a variety of ways, from hacking to forgotten passwords and failed flash drives. But in dollar terms, one of the biggest causes of crypto losses is bad code, and it’s not usually the fault of the coin’s developers. Instead, third parties, including shoddy smart contract developers and shady exchanges, are to blame for losses that have reached half a billion dollars in the last seven months.

Last week, news.Bitcoin.com reported on the demise of Bitgrail, which contrived to lose $170 million of nano cryptocurrency. While the precise sequence of events that caused the catastrophic collapse of the exchange with the assets of thousands of customers is still being confirmed, poor code is being blamed. As reported at the time:

There are rumors that Bitgrail became insolvent following a withdrawal bug that was discovered by some users and then shared in Discord and other chat groups, causing the wallet balance to gradually diminish. One user explained: “There was a bug on Bitgrail where if you placed two orders you got double balance added to your account. You could then withdraw while the orders were up and steal the coins. You had negative balance in the end but you could just make a new account.”

Bad Code Has Lost $500 Million of Cryptocurrency in Under a Year

In the aftermath of the incident, this theory has been bolstered by allegations that a bug was indeed responsible, and not in nano’s code, but in Bitgrail’s. One source asserted: “There was a bug, on the withdraw page. But this check was only on java-script client side, you find the js which is sending the request, then you inspect element – console, and run the java-script manually, to send a request for withdrawal of a higher amount than in your balance. Bitgrail delivered this withdrawal. How many people did this? Who knows.”

There was another bug, you could request a withdrawal to your address – from another user-id, from another user-account. That would cause the other users balance to have “missing funds” or “negative balance”. Bitgrail bomber solved this bug by manually entering the “correct” numbers in his database. This is what you get for using a PHP website coded by same skill-level as CfB of IDIOTA.

Even the Best Cryptocurrencies Aren’t Immune to Poor Code

The cryptocurrency most commonly associated with catastrophic bugs is ethereum. That’s not due to its underlying code, but on account of the smart contracts that can be built on top of the ethereum framework. First there was the DAO, which led to ethereum being forked right out the gate, and then there was the Parity bug that caused 150,000 ETH to be stolen, followed by the other Parity bug that caused $168 million of ETH to be locked up.

In the past couple of weeks, ethereum bugs have surfaced once more, albeit on a smaller scale. Proof of Weak Hands (PoWH) was a joke scamcoin which turned into an actual scamcoin after a bug led to the loss of 900 ether worth $1 million that had been sent to the contract address. The developer then disappeared after receiving death threats from investors aggrieved to discover that the joke Ponzi they were buying into was even less legitimate than it had seemed.

PoWH has since spawned a new scamcoin called ethpyramid which is for “strong hands only”. To the question “Is Ethpyramid secure?” the site responds “Yes. Our dev team put a lot of time into refining and testing this contract to make sure your tokens are safe. Internal functions of the contract are not accessible to the end user.” There’s also PoWH420, “the world’s dank autonomous and self-sustaining 420 pyramid scheme”.


Even if joke coins and their joke developers are taken out of the equation, it’s evident that cryptocurrencies are only as strong as their weakest link. While altcoins such as ethereum and nano have undoubted potential, like every other crypto they’re hostage to bugs lurking in wallets, smart contracts, and exchanges. One bad line of code is all it takes.
513  Bitcoin / Bitcoin Discussion / Re: The truth about Bitcoin energy usage. on: February 12, 2018, 09:15:40 AM
I read about it in an article how Bitcoin mining is taking so much energy to mine and it's comparable to the power consumption of rltowns and cities.if it's remotely true and it's a reason for great concern for the environment and us.as it is the world is facing a energy Crisis and we are making it more severe.the community needs to find alternate ways to mine if we are to stop this power drainage.

Yeah! Let's start with the energy consumption of the current world wide FIAT banking system, which is enormous compared to the Bitcoin network.
514  Economy / Speculation / Re: bitcoin is slowly rising again on: February 11, 2018, 02:12:06 PM
Thanks OP for letting us know that Bitcoin is moving up/down. I for myself can not find the Bitcoin price on the internet and I need help from Bitcointalk users.
515  Other / Meta / Re: Ignore list so large, can't view without "Busy, try again (504)" on: February 11, 2018, 06:56:14 AM

Why would there be a need to view your ignore list?

Are you saying we should ignore it? Smiley

Not at all. My question was very real.  What is the purpose of viewing it?  I just don't see why you would need to see the list.

If the option to view the list is broken then yes it should be fixed...But what's the point of that option?



Manually editing the list is probably the main reason.
516  Bitcoin / Bitcoin Discussion / Re: Satoshi's vision has not been achieved! Why? on: February 10, 2018, 10:56:33 AM
Why has Satoshi's vision for the Bitcoin as a peer-to-peer electronic cash system failed?

How did the investors ruin the vision which was similar to the Napster where data was shared at its own expense and received free of charge?

Strange, but Bitcoin is exactly this.

This thread is making me feel sick. The amount of crap that can be stored into people's head is astonishing.

I feel good, because these are the people that panic sell. Money has to come from somewhere yknow ...
517  Economy / Speculation / Re: Will Bitcoin go up to 20k usd on mid this new year? on: February 10, 2018, 10:37:53 AM
No. It will loose most of its value until November. Now sell it all and quit asking silly questions.
518  Bitcoin / Bitcoin Discussion / Re: Satoshi's vision has not been achieved! Why? on: February 10, 2018, 08:01:45 AM
Why has Satoshi's vision for the Bitcoin as a peer-to-peer electronic cash system failed?

How did the investors ruin the vision which was similar to the Napster where data was shared at its own expense and received free of charge?

Strange, but Bitcoin is exactly this.
519  Bitcoin / Development & Technical Discussion / Re: How would it be know if a segwit thieft actually happened? on: February 09, 2018, 08:20:28 AM
Sorry for beeing off topic, but @DannyHamilton and @nullius are you guys merit sources already? If not I would like to give my vote to you. Please @theymos ...
520  Bitcoin / Development & Technical Discussion / Re: Why did satoshi develop bitcoin in windows? on: February 08, 2018, 10:34:41 PM
Well, back than windows was at it's best - that's a very simple answer. If windows would not become that bad, I would not switch to Linux.
Now I'm on Linux for over two years and not even once looked back. But Back than - yea, Windows was the key.
Can you tell me what do you mean when saying windows was at it's best? Depends on what are you looking for. For games, graphics and for almost everything, windows was and is still the best. But here we talk about bitcoin which is known for it's decentralization (currently not decentralized for me as it has to be) and privacy. Windows isn't for privacy, only winner here is Linux.
Seems answer is his lack in knowledge of linux platform.

Windows had no real privacy issues until Vista upgrade, really. But you could be right, may be he did not know any better.

LOL. Windows was an open hole ever and always and anyone with just little computer knowledge knew that.
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