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How does one bid in this auction?
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Hang onto it. It could make an awesome website where paper wallets could be created as a 'gift' for family and friends.
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What happens to the btc community if their infrastructure fails in a few years? What effect would that have?
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I've had great success with coinbase, and their chat service is always available. Someone pops on there in seconds anytime I've started a chat.
If you want, try circle.com because they offer (limited) phone support. If that's what you're really after, it may be your best bet for right now.
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Wouldn't vBulletin be better?
I think his point is that this forum is powered by SMF |
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No one clicks a link without a description, and even then it's sometimes weird.
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I have two offline wallets that split my BTC between the two. If something happens to one, I don't lose them all.
I have my public addresses as 'watch only' so I can monitor the balances.
I have my private keys stamped into metal that won't melt if the house burned down.
AND I have paper copies in another location, split up so you need both parts to complete the key.
I'm HODLing long term, so I wanted to be safe.
Wow, I must say this is very secure. Did you stamped it into silver yourself or had someone else do it? Did it myself. You can buy a stamping kit for $15 and just practice on some metal until you get the hang of it. It was pretty fun, actually. http://www.harborfreight.com/36-piece-14-in-steel-letternumber-stamping-set-60671.html |
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I have my private keys stamped into metal that won't melt if the house burned down.
AND I have paper copies in another location, split up so you need both parts to complete the key.
I'm HODLing long term, so I wanted to be safe.
The metal is a great idea! What kind of metal, and how deep are the stamps? It's actually two 10oz silver bars. The reasoning behind it is that it's something you're going to want to be careful protecting anyway, and the melting point of silver is around 1700 degrees F and a typical house fire burns around 1200 degrees F... Plus it's kinda neat  The stamped letters and numbers were hit relatively hard to make sure if the silver was scratched by something, everything would stand a great chance of being legible. |
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Do you think cold storage is essential? Under 10 BTC not really 10+ BTC yes What if BTC goes back to 1k per coin, does that change your opinion? I would imagine that many people who elect the cold storage option are looking to hold their BTC for a while in hopes that the price rises. I think that even if you have 1 BTC, it's important to secure it as best you can. |
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While the majority of responses were less than helpful, although somewhat entertaining, I've come up with the following solution:
I have two offline wallets that split my BTC between the two. If something happens to one, I don't lose them all.
I have my public addresses as 'watch only' so I can monitor the balances.
I have my private keys stamped into metal that won't melt if the house burned down.
AND I have paper copies in another location, split up so you need both parts to complete the key.
I'm HODLing long term, so I wanted to be safe.
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I personally don't leave btc on an offline computer or a flash drive. My reasoning is that they're technology, and it tends to fail. What if that computer doesn't boot up one day, or what if it's somehow broken? What if you lose your flash drive that has your private keys, or what if it gets too close to a magnet?
What if the house burns down?
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I have two offline wallets that split my BTC between the two. If something happens to one, I don't lose them all.
I have my public addresses as 'watch only' so I can monitor the balances.
I have my private keys stamped into metal that won't melt if the house burned down.
AND I have paper copies in another location, split up so you need both parts to complete the key.
I'm HODLing long term, so I wanted to be safe.
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What is the point of the spammers sending the 1 satoshi to so many addresses? The ones I've seen at my addresses don't have any notes or anything...just the transaction. I don't understand how they benefit.
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I have seen a thread (that I cannot find now) that had a slew of interesting ideas of how people were storing their private keys for offline wallets. From engraving into metal to tattoos. Now that some time has passed and people have surly come up with other methods, I'd love to hear some of them. I am currently trying to find the best way(s) to store a few private keys of my own. I'd like to be cautious, because if the perfect storm happens, I don't want to lose all of my bitcoins. By this, I mean simply throwing it on a piece of paper and putting it in a safe deposit box, and then another in my home isn't going to cut it. What if the bank gets robbed and my home safe is stolen? Likely not to happen, I know, but I still want a better way to store them. Any ideas? The more nerdy the better check this strange method : http://soundwallet.net/ I'm not sure that I like the sound of step #4 |
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I like the idea, but was thinking more of ways to store the private key as-is, even if it's possibly broken up into different locations.
I don't know. Just rambling.
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I have seen a thread (that I cannot find now) that had a slew of interesting ideas of how people were storing their private keys for offline wallets. From engraving into metal to tattoos. Now that some time has passed and people have surly come up with other methods, I'd love to hear some of them. I am currently trying to find the best way(s) to store a few private keys of my own. I'd like to be cautious, because if the perfect storm happens, I don't want to lose all of my bitcoins. By this, I mean simply throwing it on a piece of paper and putting it in a safe deposit box, and then another in my home isn't going to cut it. What if the bank gets robbed and my home safe is stolen? Likely not to happen, I know, but I still want a better way to store them. Any ideas? The more nerdy the better |
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AND HERE WE GO....DOWN DOWN DOWN
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While that may be true, it's going to be a while before it goes up. That's a tall wall, if it stays.
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HUGE sell wall at over 22k coins. How low do you think the price will go?
Tomorrow morning could be a great time to buy some cheap BTC
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