waterskeer
Newbie
 Offline
Activity: 39
Merit: 0
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September 25, 2012, 07:25:15 PM |
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Stay away from a CD or thumb drive long term storage.
They will not last.
You could tattoo it on yourself so you don't lose it.
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szuetam
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September 25, 2012, 11:58:43 PM |
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Like Stephen and Casascius already said, paper wallets are the way to go. If you are worried about losing that paper, make some copies. Put a copy in a safety deposit box. Carve the address and key on a plank of wood, etc.
And make a few wallets. Don't put your all your eggs in one basket.
They will never be stolen, and will exist as long as Bitcoin exists. I have a couple of paper wallets that I will open in 20 years from now when they are worth thousands.
That is the thinking way I like. Nothing have to be add, but she/he asked about easy tech realization step by step for total newbie. |
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szuetam
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September 26, 2012, 12:03:10 AM |
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Stay away from a CD or thumb drive long term storage.
They will not last.
You could tattoo it on yourself so you don't lose it.
Great idea for some future holywood movie. My imagination says cute girl with money tatoo somewhere.. Or if you're girl imagine guy, or whatever... |
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mufa23
Legendary
Offline
Activity: 1022
Merit: 1001
I'd fight Gandhi.
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September 26, 2012, 01:07:58 AM |
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Like Stephen and Casascius already said, paper wallets are the way to go. If you are worried about losing that paper, make some copies. Put a copy in a safety deposit box. Carve the address and key on a plank of wood, etc.
And make a few wallets. Don't put your all your eggs in one basket.
They will never be stolen, and will exist as long as Bitcoin exists. I have a couple of paper wallets that I will open in 20 years from now when they are worth thousands.
That is the thinking way I like. Nothing have to be add, but she/he asked about easy tech realization step by step for total newbie. > https://www.bitaddress.org> Click on Paper Wallet > Generate Address > Copy down one of the addresses and it's private key > Send Bitcoins to one of those addresses > Use blockchain.info to view the balance, so you never need to load the wallet onto your computer. > Whenever you want to withdraw, use the import wallet function at MtGox.com by providing the private key you copied earlier (Note: In 20 years, MtGox might not be around. But you would be able to use many of websites and clients. MtGox is just an easy and simple way if you wanted to withdraw right now)Test it out a couple of times with 0.0001 BTC to get the hang of it. That way you don't accidentally lose all of your coins while trying to follow my instructions. Best of luck! |
Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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helloworld
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September 26, 2012, 01:37:26 AM |
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Stay away from a CD or thumb drive long term storage.
They will not last.
You could tattoo it on yourself so you don't lose it.
Great idea for some future holywood movie. My imagination says cute girl with money tatoo somewhere.. Or if you're girl imagine guy, or whatever... My imagination says telescopic camera snaps shot of private parts from several blocks away. And by private parts I mean her bitcoin key. |
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Bucky_Rich
Newbie
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Activity: 7
Merit: 0
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September 26, 2012, 01:53:27 AM |
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why must it be so difficult xD
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firstlady0524
Newbie
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Activity: 37
Merit: 0
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September 26, 2012, 03:29:19 AM |
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Maybe it's just me but wouldn't it be better to just buy the physical bitcoins and stash those?
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helloworld
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September 26, 2012, 04:03:10 AM |
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Maybe it's just me but wouldn't it be better to just buy the physical bitcoins and stash those?
Only if you trust the creator of those coins. Someone just wrote a post about that recently. |
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mufa23
Legendary
Offline
Activity: 1022
Merit: 1001
I'd fight Gandhi.
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September 26, 2012, 04:08:26 AM |
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Maybe it's just me but wouldn't it be better to just buy the physical bitcoins and stash those?
It's the same thing as hiding a slip of paper. The Casascius Bitcoin just contains the Private Key to the wallet. It's the same thing as a paper wallet. |
Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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helloworld
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September 26, 2012, 05:08:06 AM |
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Maybe it's just me but wouldn't it be better to just buy the physical bitcoins and stash those?
It's the same thing as hiding a slip of paper. The Casascius Bitcoin just contains the Private Key to the wallet. It's the same thing as a paper wallet. Not quite. It's the same thing as a paper wallet which someone potentially on the other side of the globe created for you, when you can create one yourself with an offline computer. |
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scatha
Member
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Activity: 107
Merit: 10
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September 29, 2012, 02:43:46 PM |
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How can we possibly know that these websites don't store the addresses they have been generating throughout the time ? |
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nomnomnom
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September 29, 2012, 02:47:07 PM |
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How can we possibly know that these websites don't store the addresses they have been generating throughout the time ? bitaddress works completely in javascript, so can be used on an offline computer with a livecd for example. Don't know if brainwallet works the same way. |
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scatha
Member
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Activity: 107
Merit: 10
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September 29, 2012, 02:47:23 PM |
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Ok guys, sorry, i just answered my own question, they are running in a Java applet on our own computer, but still, i consider this a valid question which should be asked, even if we trust the site owners How can we possibly know that these websites don't store the addresses they have been generating throughout the time ? |
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Monkey1
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September 29, 2012, 08:17:31 PM |
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If you want to buy your BTC and forget about them, use Armory to set up an offline wallet (back it up of course). You can also make paper back ups to make sure you wont lose your BTC.
Alternatively, if you want to invest your BTC and not just bury them, consider Pyraming. They invest your BTC in mining hardware and pay a bonus (minimum 10%) on your investment.
Links in my sig explain all!
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helloworld
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September 30, 2012, 12:15:47 AM |
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Ok guys, sorry, i just answered my own question, they are running in a Java applet on our own computer, but still, i consider this a valid question which should be asked, even if we trust the site owners How can we possibly know that these websites don't store the addresses they have been generating throughout the time ? It is not a Java applet. It is javascript. They are not even the same programming language, they just happen to have similar sounding names. You can save a copy of bitaddress.org's page and view the javascript source code in it's entirety, all while disconnected from the net. |
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b!z
Legendary
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Activity: 1582
Merit: 1010
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September 30, 2012, 12:08:57 PM |
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trippi
Newbie
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Activity: 7
Merit: 0
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October 01, 2012, 04:10:46 PM |
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annette786, were you able to make your choice? Do any of the options appeal to your needs (paper qr code, paper password, etc), or are you still looking for a better method? Here's a link to what Monkey1 spoke about, just in case: http://bitcoinarmory.com/index.php/using-offline-wallets-in-armory |
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SimpleMan
Full Member
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Activity: 462
Merit: 100
The Standard Protocol - Solving Inflation
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October 01, 2012, 05:08:36 PM |
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Online wallet?
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Mustello LLC
Newbie
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Activity: 39
Merit: 0
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October 01, 2012, 06:29:26 PM |
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Online wallet?
No is the simple answer to that. |
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bthomas
Newbie
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Activity: 10
Merit: 0
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October 01, 2012, 06:46:47 PM |
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if its just a small amount, do instawallet and email yourself the link... for larger amounts, why do you have larger amounts!? are you nuts?!
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