The day when a bunch of fucking crybabies whine about what can and can't be posted in their internet forums is the day you have to start really wondering what you're doing with your life. Entitlement and delusions of granduer.....hoooooooooo!!!!!!!
A great example of lots of noise and no signal. |
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(*interesting that any time I type bitcoin, or litecoin, I get a red squiggle telling me I'm spelling it wrong. Yet when I type utter nonsense, like doge or doge coin, or even doge-wolves.. there is no red squiggle.
obviously doge is the true coin of the future.
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If you use a separate computer for all the wallets (BTC, LTC, PPC, etc.) you can simply keep it offline, right? So you NEVER connect(ed) it to the internet. As long you send it to the right address, everything is fine I guess. Is that correct?
A savings-only wallet can be offline/cold/paper and you can keep sending coins to it. A wallet that you regularly spend from needs to be online at the time you spend the coins. That's not the case if you use Armory (a Bitcoin client). You can create an offline wallet which never needs to go online, yet you can still spend from it by creating transactions online (online computer with no private keys) and signing those transactions offline (offline computer which holds the private keys). |
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Does the Alternate cryptocurrencies section of the forum add more signal or more noise?
I would promote it if it adds more signal, I would remove it if it adds more noise.
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is a safe password enough to not get hacked?
lets say you have an account on MTGOX with a password that contains big and small letters
extra keys and numbers and is over 20 caracters long
is there still a chance getting hacked?
(except phising,keyloggers)
If you aren't the sole controller of your private keys, you don't have any bitcoins. Do whatever is necessary to make sure you are the sole controller of your private keys. Offline wallets. Paper wallets. Cold storage. M of N wallets. Multisig addresses. There are many tools available. I like Armory myself. |
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I'm starting to realize the true magnitude of what just happened. I know to some of you guys its a minor amount, but its all I really had
I'm sorry for your loss. Why did you ignore the countless thefts that have occurred before? Didn't you think that with such an important amount of money you should have invested some serious time into learning how to properly secure it?' These might seem like rude or difficult questions, but perhaps as a community we can start to understand why some people ignore all of the amazing tools available for securing bitcoins. Once we understand, maybe we can raise awareness. I couldn't imagine leaving such an important amount of money at some exchange. That's just asking for trouble.  |
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Don't care about speeches, just want to take care about me and my family and enjoy what's left of my life with less stress and more time with people I care about.
Well said. |
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Well... for starters, don't store your private keys on an online machine...
I thought this was common knowledge by now.
But the image that is being sold to the public is that one will be able to pay purchases in bitcoins by pointing one's smartphone at a QR code on the cashier's screen. How could I do that without exposing my keys to a hacker attack? So... when you go out to purchase some items at the grocery store, you put your life savings in cash in your back pocket wallet? You fund your smartphone with however much you think you will spend while you are out... Have you looked at smartphone wallets like Mycelium and the security which they can offer? Think a little bit harder before bringing these easy questions. Edit: I see that at least three people have already provided such an obvious answer. |
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That's not how the idea behind the 'wrench' method works.
Why would the bad guys use physical presence and physical force when they can remotely hack into my computer, install a virus that will steal my keys just when I try to use them, and have it send my bitcoins instead to a mixer in Timbuctu? The police could perhaps save me from the wrench method. Who is going to help me recover my hacked-off bitcoins? Well... for starters, don't store your private keys on an online machine... I thought this was common knowledge by now. |
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the abuse of capitalism corporatism FTFY.  |
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Do you have kids? I think that may have some impact on your calculations. I find this part about the family a little odd in that implies one's family would care more about the Bitcoins than dad's/husband's life. I guess it varies from family to family. Surely most of us want to provide for our family however if someone were being tortured I imagine the animal instinct of self-preservation would kick in whether we feel warm and fuzzy about it or not. If you have a stash and you are the only one with the password but even you "can't access it" and you are killed, who will be able to get the stash? If the stash requires multiple signatures and one of the parties dies with the password, who gets the stash? Anyone who is willing to kidnap you for a ransom can't be trusted. My family could give them everything we own, and I could still be held indefinitely/killed. I wouldn't want my family to bargain with people like this. If everyone thought that way, there would be no kidnappings because there would be no incentive (well there would still be freaks that like to eat people and whatnot). As I said, there are ways to prevent me from giving up access to my private keys (alone) while still allowing my family to access those private keys. I've already pointed you in the right direction if you want to learn more. |
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I registered almost entirely to ignore him. Thanks for growing the community bitcoinlitcoinbtcltc!
LOL! |
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I understand the wrench method. The idea is to provide for your family after you are taken along with not giving in to the demands of kidnappers.
Of course, one should do whatever it takes to avoid getting taken in the first place.
Good point. If you calculate your personal utility not only based on "payout to yourself", but "payout to people you care about", my wrench method calculation fails. Maybe I'm just too egotistical to think like that, however  Do you have kids? I think that may have some impact on your calculations. Edit: That was rhetorical, btw. No need to answer. |
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Massive buy order only on Bitstamp, other exchanges followed the Stamp's lead.
Looks like an attempted ramp from coinbase to me. They are on record stating that they deal with Bitstamp but not with certain other large exchanges due to dubious counterparty risks.
My enemies on this site won't mind knowing that I shorted just 2 minutes before it happened as well. Took a $400 hit.
Needless to say, I am still shorting Bitcoin.
I don't consider you an "enemy" at all (but it's telling that you think you have "enemies" here). I just think you are playing a losing game (trying to day trade bitcoin). Another fail: trying to guess the motivations of the various actors in the Bitcoin market, along with attempting to know how many of these actors there are, or who they are. If there was an exchange I trusted, I would probably play too (albeit with a very, very small amount). |
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The U.S. government confiscated DPR's Bitcoins.
I think you mean Ross Ulbricht's coins? Poor password security. So should it come to your stash you'd be much smarter and more secure, eh? And you're impervious to a $5 wrench? There are tools currently available to make bitcoins extremely hard to get. There are also tools available which can prevent you from accessing your own coins, rendering the $5 wrench useless. In other words, yes. By the way, it helps if you don't brag about running the world's largest underground online drug bazaar (while living in the US) on major financial news sites.  That's not how the idea behind the 'wrench' method works. Once the wrench is being applied to you, the assumption is that the cost for you is so high (possibly: death) and the cost for them is so low (5$ wrench) that you will do *anything* in your power to give up the secret. Even if you set up a system that makes it impossible for you to actually give up the key, the cost for you to set up the 'cannot reveal' method is substantially higher (death, no coins) than the cost for them to apply the 'wrench' method (5$ wrench, no coins) I understand the wrench method. The idea is to provide for your family after you are taken along with not giving in to the demands of kidnappers. Of course, one should do whatever it takes to avoid getting taken in the first place. |
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But I would like to remove the wrench vulnerability on those wallets.
There are a few ways to accomplish this. You can devise a scheme using either M of N paper wallets or multi-sig addresses. |
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The U.S. government confiscated DPR's Bitcoins.
I think you mean Ross Ulbricht's coins? Poor password security. So should it come to your stash you'd be much smarter and more secure, eh? And you're impervious to a $5 wrench? There are tools currently available to make bitcoins extremely hard to get. There are also tools available which can prevent you from accessing your own coins, rendering the $5 wrench useless. In other words, yes. By the way, it helps if you don't brag about running the world's largest underground online drug bazaar (while living in the US) on major financial news sites. |
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Bitcoin is undervalued, in my opinion.
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