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Author Topic: Bitcoin Wallet Security  (Read 1224 times)
n2004al
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July 19, 2015, 06:14:09 AM
 #21

One of the biggest problems with bitcoin is security.

I would like to see developed a new Bitcoin Desktop wallet that gave the option to its users of enabling 2FA security.
The company who develops this will be surely a winner...
Am I wrong or is there someone already working on it?

It is already made mate. Its name is Coinbase and have the two factor authentication possibility to be enabled if you want. If I chose I cannot enter at my coinbase wallet without the code that must come to my cell phone. You have various options then to use. I sent you with pm the joining link if you would want to use this wallet.
pooya87
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July 19, 2015, 07:03:17 AM
 #22

One of the biggest problems with bitcoin is security.

I would like to see developed a new Bitcoin Desktop wallet that gave the option to its users of enabling 2FA security.
The company who develops this will be surely a winner...
Am I wrong or is there someone already working on it?

It is already made mate. Its name is Coinbase and have the two factor authentication possibility to be enabled if you want. If I chose I cannot enter at my coinbase wallet without the code that must come to my cell phone. You have various options then to use. I sent you with pm the joining link if you would want to use this wallet.

Coinbase is an online wallet not desktop!

and when it comes to security of bitcoin wallets, all online wallets are at the far end of the list no matter how many 2FA they have. besides coinbase is worse thanblockchain.info IMO, because you don't even have access to your private keys and they can and do ban you for many reasons which will cut your access to your funds. not to mention if they stop their service and run away!

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Amph
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July 19, 2015, 09:22:51 AM
 #23

One of the biggest problems with bitcoin is security.

I would like to see developed a new Bitcoin Desktop wallet that gave the option to its users of enabling 2FA security.
The company who develops this will be surely a winner...
Am I wrong or is there someone already working on it?

It is already made mate. Its name is Coinbase and have the two factor authentication possibility to be enabled if you want. If I chose I cannot enter at my coinbase wallet without the code that must come to my cell phone. You have various options then to use. I sent you with pm the joining link if you would want to use this wallet.

Coinbase is an online wallet not desktop!

and when it comes to security of bitcoin wallets, all online wallets are at the far end of the list no matter how many 2FA they have. besides coinbase is worse thanblockchain.info IMO, because you don't even have access to your private keys and they can and do ban you for many reasons which will cut your access to your funds. not to mention if they stop their service and run away!

they are also very slow, centralized exchange as an online wallet are against what bitcoin is all about, security and decentralization

better get rid of this crap and aim at developing a decentralized exchange which you can run by your own desktop and can work as an offline wallet too if needed
Ale
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July 19, 2015, 10:18:36 AM
 #24

No coin is safe after it changes hands 3 times when bought directly from the miner with kyc/aml. There can be a point in time were authorities find out they've been used in illegal transactions, taint them, enforce bitcoin infrastructure in their juristiction to not accept them and effectively make the coins useless without anyone else knowing it before buying/accepting them.

This is the problem with bitcoin
ammy009
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July 19, 2015, 11:38:51 AM
 #25

i was thinking about that for a while, Core can come with a login and password instead of creating a passphrase for your wallet plus 2fa google authenticator

so in the event that your computer is compromised you still have the google protection
I think this feature is already available in electrum. but, it's only for 2 of 3 multi-sig addresses & we need always depend on trusted coin to make a transaction. And also we have to pay an extra fee for trust coin service.

Do you know any glitch of this 2fa service of electrum ?

Amph
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July 19, 2015, 11:46:46 AM
 #26

i was thinking about that for a while, Core can come with a login and password instead of creating a passphrase for your wallet plus 2fa google authenticator

so in the event that your computer is compromised you still have the google protection
I think this feature is already available in electrum. but, it's only for 2 of 3 multi-sig addresses & we need always depend on trusted coin to make a transaction. And also we have to pay an extra fee for trust coin service.

Do you know any glitch of this 2fa service of electrum ?

i don't use electrum or any other spv, and i'm doing it right seeing how the last issue of invalid block was affecting most those clients, it's the reason why i want it on core

now that i think of multisig, the procedure to create one, should be made more simple and clear for newbies, without the need to go in the console, there should be a one click button
ammy009
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July 19, 2015, 12:46:26 PM
 #27

One of the biggest problems with bitcoin is security.

I would like to see developed a new Bitcoin Desktop wallet that gave the option to its users of enabling 2FA security.
The company who develops this will be surely a winner...
Am I wrong or is there someone already working on it?

It is already made mate. Its name is Coinbase and have the two factor authentication possibility to be enabled if you want. If I chose I cannot enter at my coinbase wallet without the code that must come to my cell phone. You have various options then to use. I sent you with pm the joining link if you would want to use this wallet.

Coinbase is an online wallet not desktop!

and when it comes to security of bitcoin wallets, all online wallets are at the far end of the list no matter how many 2FA they have. besides coinbase is worse thanblockchain.info IMO, because you don't even have access to your private keys and they can and do ban you for many reasons which will cut your access to your funds. not to mention if they stop their service and run away!
Coinbase is an online wallet, Blockchain and other online wallet also has 2FA.  Grin

But like as he says you don't have accses to your private keys, So 2FA as much as anything that you still use your wallet as controlled by others.  Cheesy

So what we need is a offline wallet that has a different 2FA as 2FA owned by google, Offline Wallet more secure because only you know about private keys and everything about your wallet.
Yes, offline wallet is 100% secured. My entire btc are stored in the deep cold storage.

Herbert2020
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July 19, 2015, 01:08:01 PM
 #28

i was thinking about that for a while, Core can come with a login and password instead of creating a passphrase for your wallet plus 2fa google authenticator

so in the event that your computer is compromised you still have the google protection
I think this feature is already available in electrum. but, it's only for 2 of 3 multi-sig addresses & we need always depend on trusted coin to make a transaction. And also we have to pay an extra fee for trust coin service.

Do you know any glitch of this 2fa service of electrum ?

i don't use electrum or any other spv, and i'm doing it right seeing how the last issue of invalid block was affecting most those clients, it's the reason why i want it on core

now that i think of multisig, the procedure to create one, should be made more simple and clear for newbies, without the need to go in the console, there should be a one click button

i think if the electrum server that you are connected to had bitcoin-core version 10 and up there was no problem. right?

and as for core, people like me who don't want to download around 40 GB of data and save it on their computer have no choice but use SPV wallets Sad

creating multisig with Electrum has clear explanation with pictures in it's wiki. i guess it is enough.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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