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ehoffman
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March 20, 2013, 09:51:50 AM |
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I guess it's good for BTC you want to keep away. But not useful for doing every day transactions. So, I guess one could keep a large amount offline, and keep a few BTC in a "hot" wallet (online).
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Like my comments? Cheer me up at 137s1qFV63M6SXWhKkwjaZKEeZX23pq1hw Don't like my comments, donate to the BCRT (better comment research team) here at 1A1PbZypjEe7yanj69ApVS1FhK8UMW7Wdc  |
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No Gods or Kings. Only Bitcoin
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justusranvier
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 Offline
Activity: 1400
Merit: 1009
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March 20, 2013, 01:48:02 PM |
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I guess it's good for BTC you want to keep away. But not useful for doing every day transactions. So, I guess one could keep a large amount offline, and keep a few BTC in a "hot" wallet (online).
Armory is good for an offline savings wallet, and blockchain.info is good for a convenient spending wallet. |
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Matthew N. Wright
Untrustworthy
Hero Member
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Activity: 588
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Hero VIP ultra official trusted super staff puppet
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March 20, 2013, 01:52:46 PM |
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The biggest weakness is a full blown raid of their office.
Or legal complications involving their new US presence or other draconian threats that would lead to accounts being limited or frozen. I'm not much of a conspiracy theorist, but there is plenty of evidence on these forums of "special" cases where people have found their funds suddenly unavailable, especially at the Paypal of Bitcoin, MtGox. The excuse for which is irrelevant imo, but is usually under the blanket guise of "AML compliance". So you can't process a transfer to the bank? Fine, send the funds back to the owner then. If you value your bitcoins, treat it like you would gold. Stop lending in USD, stop gambling it away, stop investing. Bitcoin *is* the investment vehicle so long as the price is so volatile (it will settle one day, and then investment again might make sense) and unless I'm mistaken, there are no insured exchanges nor exchanges that are willing to go to jail to keep their customers happy in any situation. |
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Zangelbert Bingledack
Legendary
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Activity: 1036
Merit: 1000
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March 20, 2013, 02:33:10 PM |
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Get a public key/private key...tattoo it to your penis. Walk into MtGox HQ, whip it out and thrust forward while announcing, "IM ALL IN!!!" |
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RodeoX
Legendary
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Activity: 3066
Merit: 1145
The revolution will be monetized!
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March 20, 2013, 02:36:42 PM |
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Get a public key/private key...tattoo it to your penis. Walk into MtGox HQ, whip it out and thrust forward while announcing, "IM ALL IN!!!" I wish I could fit a whole private key.  |
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2weiX
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Activity: 2058
Merit: 1005
this space intentionally left blank
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March 20, 2013, 02:51:43 PM |
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Get a public key/private key...tattoo it to your penis. Walk into MtGox HQ, whip it out and thrust forward while announcing, "IM ALL IN!!!" I wish I could fit a whole private key. |
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mufa23
Legendary
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Activity: 1022
Merit: 1001
I'd fight Gandhi.
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March 20, 2013, 02:52:19 PM |
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Get a public key/private key...tattoo it to your penis. Walk into MtGox HQ, whip it out and thrust forward while announcing, "IM ALL IN!!!" I wish I could fit a whole private key. Bummer dude... |
Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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ehoffman
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March 20, 2013, 03:13:29 PM |
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Get a public key/private key...tattoo it to your penis. Find a nice lady and ask her if she want you to store your key in a private place... Or ask her if she accepts deposits  |
Like my comments? Cheer me up at 137s1qFV63M6SXWhKkwjaZKEeZX23pq1hw Don't like my comments, donate to the BCRT (better comment research team) here at 1A1PbZypjEe7yanj69ApVS1FhK8UMW7Wdc |
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Zangelbert Bingledack
Legendary
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Activity: 1036
Merit: 1000
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March 20, 2013, 03:56:27 PM |
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Get a public key/private key...tattoo it to your penis. Find a nice lady and ask her if she want you to store your key in a private place... Or ask her if she accepts deposits Reminded me of http://www.youtube.com/watch?v=N9L7UUp0FxY |
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John (John K.)
Global Troll-buster and
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Activity: 1288
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Away on an extended break
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March 20, 2013, 03:59:49 PM |
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Normally I'd be against alarmist posts, but since there isn't much reason to have MtGox holding your private wallet contents in the first place, this post just rings of common sense and nothing else. Bitcoins should always be under your own control until you're ready to spend them.
This. I personally use a 4-tier system: Amount of bitcoins stored increases from left to right. MT.Gox/Centralized exchange < Blockchain.info < Hot wallet using Bitcoin-QT < Paper Wallet from Offline Armory |
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