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I requested a transfer from my bank account thru dwolla on Wednesday pm. Just arrived today after 5pm.
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This isn't a reason to abandon bitcoin completely or to dismiss it as flawed, .
Oh, it's flawed alright. |
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Air gapped (not networked) computer with bitcoin transferred over via clean USB drive.
Open bitcoin and write down automatically generated address (address x).
From networked computer, open bitcoin and send funds to address x.
Encrypt wallet.dat and shred the original on the air gapped machine. Save encrypted wallet all over the place -- hardcopy too.
The unencrypted wallet never touches a networked computer.
Gene, this sentence: Encrypt wallet.dat and shred the original on the air gapped machine. Save encrypted wallet all over the place -- hardcopy too. Encrypt wallet.dat on the air-gapped machine, correct? |
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At the risk of putting too fine a point on it, perhaps my "opacity" comes from your lack of reading comprehension.
Gene, I think the problem with GPG can be found right about here: How to use GPG? gpg --compress-algo BZIP2 --bzip2-compress-level 9 --encrypt -a -o text_crypt_wallet.txt wallet.dat
Say what now? Of course, I anticipate that your response will be a sarcastic version of how stupid I am not to understand your code world, and I don't--so I must be stupid. But bitcoin's adoption is very, very threatened by this wallet problem and the advice they will encounter for it. I know you are addressing a software audience with your gpg advice, but there are a lot of newbies coming in here seriously wanting to understand how to protect their investment, and the advice they encounter here is dreadful so far. |
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Oh my but I must lament once again how horrible this wallet problem is! Bitcoin's reputation is going to get creamed in the media until this is solved. You brilliant tech heads have a monster by the tail. So now let me slog through one of your opaque posts here, parsing and probing to uncover the nugget of truth for the uninitiated (like ME) to put to use... How to use GPG? gpg --compress-algo BZIP2 --bzip2-compress-level 9 --encrypt -a -o text_crypt_wallet.txt wallet.dat
This will compress and then encrypt your wallet using your private GPG key. Whoa there! I have used gpg in thunderbird to encrypt email but using it in my operating system is new to me because for one thing, at what point did I generate a key pair? Where is this private key? Another observation is that though you criticize truecrypt, at least it has a visual interface instead of this command line shit. Sorry if this offends... The -a flag tells gpg to give you ascii-armored (printable) output. The -o flag tells gpg to name the output file "text_crypt_wallet.txt". You can then print this out. The file will look something like this: . . . Make sure the font is OCR-readable ( http://en.wikipedia.org/wiki/Optical_character_recognition) and large enough to avoid scanning and transcription errors. Also, make sure to keep track of page numbers. If you don't have a GPG key, Whoa there! What do you mean? Why would I just happen to HAVE a GPG key? Where would it come from? But not having to mess with keypairs is an advantage anyway. To recover the wallet, you can scan the document and OCR it to a file. Then decrypt it: gpg --decrypt -o wallet.dat scanned_text_file.txt
So I now need to scan a printout with character recognition software....you truly live in a different world than most people. No offense you brilliant tech head but this situation is terrible. |
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Hi all,
I just signed up at mining.bitcoin.cz but got stuck on the register worker part. It says
Worker login will be <your username>.<login suffix>
I gather the workers are the computers I have to enslave as miners? And the suffix is my own notation to keep track of them all? Why does the screen show the password like that? (seems like it should be obscured...)
thanks for your help. this can be confusing stuff to beginners.
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How do we use GPG to encrypt the wallet file? I use ubuntu 10.04
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Another wallet question!:
If I want to create a wallet with one, single, unique bitcoin address to be used for long-term, deep-storage HOW do I do it? (Is this where I load bitcoin client onto a fresh computer and note the address given in "Your bitcoin address:"?) What then?
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You can also backup using the RPC interface if you run it using -server.
Sorry, you lost me there. |
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I'd be more worried about someone writing a virus for Windows that just emails the attacker your wallet.dat file, deleting it from the local hard drive as it goes. Then the attacker has your coins, you don't.
That one has me paranoid. |
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Since I'm sick of the discussion about the price of bitcoin over ONE weekend. Give me a break. Buy bitcoin and forget about it. It will be one for the ages. Traders should just take their lumps.
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Do you consolidate them to one wallet by manually sending coins to a "savings" address or addresses?
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I am using ubuntu 10.04. I am new to it. When you "create accounts" and strongly encrypt them you are referring to features that ubuntu provides? As opposed to using a third party product like truecrypt?
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Okay, but if there have been any receiving coins on the wallet.dat that is going to be copied over, will those coins be lost when the saved wallet.dat is copied over it?
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Holy crap! This wallet thing is the achilles heel of bitcoin!
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How come you can't just create an account on mybitcoin.com with $1 in it and give them the url, ID, password written in a card?
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You can just remember an accound number of the wallet.dat1 and then send savings to it.
You only have to get wallet.dat1 to the bitcoin client, when you want to spend the coins from the savings wallet.
Okay, but how do you "get wallet.dat1 to the bitcoin client"? |
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Question 3: Why are we advised to turn off the bitcoin client before copying wallet.dat?
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