I heard that it came from some forum about Bitcoins... not sure where though... no way to know if it's legit. Someone named "allinvain".
LoL it's this forum. The story sounds legit I have read the thread. But of course there is no 100% proof BUT there is some evidence of 25,000 BTC moves so... Bad press is still press....I think it has its pros and cons but mostly pros IMO. Whoosh.
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I heard that it came from some forum about Bitcoins... not sure where though... no way to know if it's legit. Someone named "allinvain".
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And why is it not necessary to backup any of the other files in your bitcoin folder in order to re-create your wallet?
Also: will the "format" of a wallet ever change? Will it ever need to? Even in 50+ years?
The wallet contains the public/private key pairs. The public keys are your addresses. These key pairs are matched with the blocks the client downloads from the network, I believe, to see how much money you have. The format could change if everyone "agrees" on a new one and all the clients are modified. It might need to because SHA-2 could be broken, or other maybe there are other protocol deficiencies we don't know about yet.
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I have a question, if someone happens to know, and sorry if this was already asked.
Can someone sniff both your public and private key off the network? Can someone explain technically if this is possible?
What I mean is, even if your computer has NO malware on it, is it possible for someone to intercept the keys and then use them?
No. Interception is impossible, simply because the whole concept of a private key implies that it will _never_ have to leave your PC. It's just used to generate a signature if you will, which then "proves" to the network that you are allowed to make a transaction from address X. Ohh I see. That makes perfect sense. Thanks!
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Wow! That is good I appreciate the promptness in addressing the issue. Wow, you edited out your original post? That is definitely some anti-trolling right there, almost the antithesis of these forums.
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I have a question, if someone happens to know, and sorry if this was already asked.
Can someone sniff both your public and private key off the network? Can someone explain technically if this is possible?
What I mean is, even if your computer has NO malware on it, is it possible for someone to intercept the keys and then use them?
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I've taken some good steps since the beginning, and even stronger recently. If the prices increase any further, I will likely consolidate all my funds into a brand new wallet from a clean computer.
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I keep all my web-browsers behind sandboxie, and got my parents doing this too. Seems to have been working great. Started using this months before I even heard of bitcoin, because I was mad that clicking on the wrong website somehow put a rootkit on my computer. (and I'm FAR from being a computer noob) Link: http://www.sandboxie.com/Sandboxie - Sandbox security software for Windows. Install and run programs in a virtual sandbox environment without writing to the hard drive.
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Calm before the storm. This is a great time to buy.
I bought yesterday when it was at 18.50. I hope it was a smart idea.
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BTC is not going to be "stable" in the way described here until it gets much closer to its actual value, which is at least hundreds of times its current value.
This made me LOL. Thanks error.
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Another terrible thread... Can we move this to the "Redundant" section?
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Can we please lock the newbies up again? Threads like these bother me in this section, it's as bad as wading past advertisements.
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How did a thread like this infiltrate into Bitcoin Discussion? I thought they were confined to newbie area?
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Isn't the governor of New York occupied enough with his ring of prostitutes? Oh wait, that was the last one.
(edit: 2nd to last one)
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People don't understand new technology and it scares them. I was very hesitant about Bitcoins for a while, until I read up on it and carefully thought it through.
I mean, could you imagine trying to convince someone to go onto an airplane way back? People must have had so many doubts.
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I personally have ~1.6 Mh/s so thats about 2 bit coins a day at current difficulty..
I have been selling 1 and keeping 1...
Overall it makes the most sense for me to keep about half dollars / half bitcoins in my account, if the price takes a sudden drop, I can jump in and buy up cheap coins, other wise I'm just generating them and selling half of my earnings as $$ and slowly accumulating coins.
1.6Gh/s?
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Wow, reading the comments, they really do not like Bitcoin.
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