Bitcoin Forum
June 23, 2024, 10:46:14 AM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What are the different ways the worth of bitcoin go up/down?  (Read 380 times)
Jpark (OP)
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
June 12, 2013, 11:35:30 AM
 #1

Is it possible that people could hack your computer and delete your wallet, therefor deleting bitcoins and hurting the bitcoin economy?
AliceWonder
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
June 12, 2013, 11:58:10 AM
 #2

A hacker would not want to delete your wallet, but rather steal your coins.

But yes, if you don't back up your wallet and the data becomes destroyed, your coins are gone forever.
The bitcoin system doesn't know they are gone, no one knows how many coins have been lost. But you'll never be able to spend them.

back up your wallet and keep your computer secure.

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
Gabi
Legendary
*
Offline Offline

Activity: 1148
Merit: 1008


If you want to walk on water, get out of the boat


View Profile
June 12, 2013, 11:58:16 AM
 #3

Yup, and they can also steal your wallet

Jpark (OP)
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
June 12, 2013, 12:34:09 PM
 #4

So I can duplicate my wallet and keep it on dropbox with a password? Cheesy
AliceWonder
Full Member
***
Offline Offline

Activity: 168
Merit: 100



View Profile
June 12, 2013, 12:41:53 PM
 #5

So I can duplicate my wallet and keep it on dropbox with a password? Cheesy

You can make as many copies of your wallet as you want.

Two backups on encrypted USB thumb drives are not a bad idea (in case one thumb drive fails).
As far as dropbox or whatever, make damn sure the wallet is encrypted before using remote backup.

QuarkCoin - what I believe bitcoin was intended to be. On reddit: http://www.reddit.com/r/QuarkCoin/
Jpark (OP)
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
June 12, 2013, 12:47:21 PM
 #6

How does that work if I'm loading and unloading the wallet? Do I have to update the wallets on those thumb drives from time to time?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!