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Author Topic: Bitcoin adoption and security  (Read 2834 times)
Zangelbert Bingledack
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September 29, 2012, 06:24:31 AM
 #21

I agree online wallets are not ideal, though perhaps they could be effectively decentralized if enough competitors enter the online wallet market.

On the client side, it's certainly reassuring to know people of your calibre see this issue and are working on it.
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September 29, 2012, 08:07:10 AM
 #22

I feel that I am reasonably secure even just using the original Satoshi client on my Windows computer. I have the whole thing sandboxed, despite not having any anti-virus installed at all.

But that's just me because I'm a geek.

I don't need Armory, but I might play with it a bit because the concept is interesting.

bobitza (OP)
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September 29, 2012, 02:45:31 PM
 #23

Yes, this is exactly what Armory does.  It's why I made it.  As far as I know, it's the only program out there that has a simple graphical interface for managing offline wallets, watching them using online wallets, and spending coins using USB keys.  Your private keys never touch the internet, but you can still generate addresses online with no risk to your funds (only your privacy).   Once you get past the long load times it is a phenomenal solution (and I'm working on the load-time thing for the next release).

Wow, I watched the presentation and I like what I see. Keep up the good work!
I'm still in the "I'm Scared" phase but will try it out in a month or so when I (hopefully) get my mining hardware and set everything up. And yes, I will make sure a donation finds its way towards the Armory developers, lol.

@Zangelbert
That's exactly what I'm talking about. Most of the replies in this thread present more or less complicated technical solutions to secure the wallet. However none of them (although Armory comes close) are ready as a mass-market solution.  The convenience of an online wallet (like my online banking) is something we should strive to achieve, but it has its own drawbacks. Who is going to maintain the server? What if that server data gets hacked/deleted/confiscated?

So, how can we overcome those drawbacks?

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Zangelbert Bingledack
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September 30, 2012, 06:01:59 AM
 #24

Newbie question: to make a fully secure savings account, is it possible to roll some 20-sided dice a bunch of times to generate a private key, then use a calculator or TI-95 to derive the public key?
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September 30, 2012, 06:32:24 AM
 #25

Newbie question: to make a fully secure savings account, is it possible to roll some 20-sided dice a bunch of times to generate a private key, then use a calculator or TI-95 to derive the public key?

The first part you probably won't do very well, leaving you with a weak key.  Do it with one die at a time, into a box without looking, and ALWAYS take the number that comes up.  Takes 60 throws to generate that much entropy.

The second part is apparently yes.  I'm not sure about that specific model, since it is very old (1987), but any of the later Z80, 68k or ARM calculators should have enough power to do the math.

Hmm.  I may have to put fresh batteries in my trusty old TI-85.

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I routinely ignore posters with paid advertising in their sigs.  You should too.
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September 30, 2012, 09:28:23 AM
 #26

1. Use a bunch of dice, any number of sides. Take a picture of the sky. Take a picture of a fire. Get the hashes of those jpegs. Research diceware. Flip a few coins.
2. Use bitaddress.org or brainwallet.com (the offline version). Input the dice and the hashes and the coin flips and whatever yubikey spits out (not in static mode.)

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