Let me answer with a question:
I decide to store some type of computer cable, and suddenly the manufacturers stop making it. Now there is a lot of people that want that cable replacement and a very reduced supply, therefore the price goes up. Am I stealing from someone?
This is a special case, while my example is true for any kind of produced goods at any time. Why is money a special product? I haven't said that. |
|
|
|
Quote from the TrueCrypt documentation: IMPORTANT: If you want to use TrueCrypt, you must follow the security requirements and security precautions listed in this chapter.
The sections in this chapter specify security requirements for using TrueCrypt and give information about things that adversely affect or limit the ability of TrueCrypt to secure data and to provide plausible deniability. Disclaimer: This chapter is not guaranteed to contain a list of all security issues and attacks that might adversely affect or limit the ability of TrueCrypt to secure data and to provide plausible deniability. http://www.truecrypt.org/docs/?s=security-requirements-and-precautionsand especially from the malware section: It is important to note that TrueCrypt is encryption software, not anti-malware software. It is your responsibility to prevent malware from running on the computer. If you do not, TrueCrypt may become unable to secure data on the computer. A lot of people here are just telling the noobs: "I have TrueCrypy, everything is secure." That's just not true. And it is even worse: The very fact that TrueCrypt appears to be a click-here-click-there-I-am-secure-now tool gives people a feeling of security they don't have. Like any security tool, TrueCrypt is worthless unless you are aware what exactly it does. For the task of protecting wallets I would go even further and say that TrueCrypt is not a appropriate solution. For this application it is almost as bloated as VMs. If you want to encrypt wallet files for backups, use GPG. If you want to protect the wallet file from being stolen from your disk, use encrypted folders of the kind that your operating system provides. But don't expect it to be protected against malware while in use. Everything you have access to, the malware you catch has access to, too. It will protect you against people who steal your computer, but it will not protect you against malware. PS: Just to prevent misunderstanding: In my opinion you can do whatever you like to. But stop making such strong claims misleading people who understand less then you do. PPS: Maybe we need a security subforum. |
|
|
|
To have a secure "savings account" wallet, I would suggest installing Bitcoin inside a VirtualBox VM. That way any viruses on the host computer can't access the wallet. You only need to boot up the VM when you want to spend coins, you can receive them while Bitcoin isn't running, and check the balance on blockexplorer.com.
Bullshit. That will protect your viruses against Bitcoin, not the other way around. Fuck you. Hey look, I can be a potty mouth too! Put a TrueCrypt drive inside the VM and I'd like to see the virus that gets at the wallet.dat... Then it's only protected while the machine is not running. There is no advantage over a encrypted wallet file without VM. |
|
|
|
Let me answer with a question:
I decide to store some type of computer cable, and suddenly the manufacturers stop making it. Now there is a lot of people that want that cable replacement and a very reduced supply, therefore the price goes up. Am I stealing from someone?
This is a special case, while my example is true for any kind of produced goods at any time. |
|
|
|
|
Just think of this simple example:
Maybe you start with 100 units of currency (e.g. bitcoins) and 100 units of goods (e.g. pizzas). Then you get one pizza for one bitcoin.
Now, these 100 bitcoins are owned by 10 users with the following distribution:
user 1: 20
user 2: 20
user 3: 20
user 4: 20
user 5: 5
user 6: 5
user 7: 5
user 8: 2
user 9: 2
user 10: 1
Now user number 10 makes a pizza. this means we have 100 bitcoins and 101 pizzas. This means, for one bitcoin you now get 1.01 pizzas.
What does this mean? This means, that every user gets extra pizza. And the users with more coins get more extra pizza, although it was only user 10 who made the pizza.
And even when he wants to sell the pizza: He will not get 1 bitcoin for it. He will get about 0.99, because that's the pizza price when there are 100 bitcoins and 101 pizzas on the market.
|
|
|
|
|
Everybody knows, but nobody extracted the information. Read the blockchain!
|
|
|
|
Backups are good for reliability reason. When your hard disk crashes, it is good to have backups!
I think he didn't mean that backups protect against theft. He said that the wallet should be unencrypted on a dedicated machine only - that's the protection.
True. It's very simple: 1. Keep two wallets, one with a small amount of money on your everyday computer, and another that will be created on a secure, brand new computer. 2. Encrypt your secure wallet with a strong password, and back it up on Dropbox (backup the normal wallet as well). 3. Never enter this password on a non-secure computer. That's it. "brand new" is not security, computers are often shipped with malware. |
|
|
|
|
Backups are good for reliability reason. When your hard disk crashes, it is good to have backups!
I think he didn't mean that backups protect against theft. He said that the wallet should be unencrypted on a dedicated machine only - that's the protection.
|
|
|
|
|
Maybe some billionaire just took ten million dollars to have some fun and bought all the coins?
|
|
|
|
|
Right now gold is about 69 BTC/au oz.
|
|
|
|
Australian gold is cheap though.
I think "Au" means gold (aurum from latin, symbol in the periodic system). |
|
|
|
cool vid! Why are those gold and silver freaks so confident, that they can distinguish real gold and silver from fakes when it really matters? |
|
|
|
To have a secure "savings account" wallet, I would suggest installing Bitcoin inside a VirtualBox VM. That way any viruses on the host computer can't access the wallet. You only need to boot up the VM when you want to spend coins, you can receive them while Bitcoin isn't running, and check the balance on blockexplorer.com.
Bullshit. That will protect your viruses against Bitcoin, not the other way around. |
|
|
|
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?
Then you can send money there. You only have to get the wallet online when you want to spend money from that wallet. |
|
|
|
Even if it the best forum ever, it remains spam.
Then thanks for contributing to my "spam". Haters don't realize that the more they hate the better it is for the person being hated on. You’re an intelligent person, and you know it's not spam, and that tweetforum is actually a really smart idea/ with a kick ass design, and it WILL help awareness of bitcoins... But you don't want to lose and admit you prejudged me and my site, and so you turn a reluctant blind eye. Here’s something I came up with, that may be helpful to you. It's the three stages of bigotry 1:Attack your victim. 2:Get shut down by your victim 3:Go into remission and dispute all truth. STOP AT STEP 1.. I don't want to attack you. I never said that your forum isn't good. I never said that you shall stop starting another bitcoin forum. I just said that advertising a forum here is spam. And I said it because I have read several similar threads now here. And with that I don't want to say that your forum is as bad as any other forum. |
|
|
|
wow people still use the phrase "web 2.0"?
Consumers do. That is the biggest problem with this community. You guys are so reluctant to make anything user friendly. 1. Consumers don't. Stupid marketing folks do. 2. It's not bitcoins fault that it got media attention long before it could reach a release-worthy stage of development. |
|
|
|
I never said that your work is spam - but your announcement here certainly is!
So feeding bitcoin news/awareness to over 50,000+ followers on twitter is spam? What are your acomplishments sir? What are YOU doing to help the community other than trolling other peoples threads. It doesn't matter what else you do. If somebody is on trial for a crime, he cannot defend with: "But I always gave my mother a birthday present." Off topic. |
|
|
|
|
Even if it the best forum ever, it remains spam.
|
|
|
|
|
I never said that your work is spam - but your announcement here certainly is!
|
|
|
|
|
Show Posts
