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Author Topic: HOWTO: create a 100% secure wallet  (Read 255310 times)
xferion
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November 28, 2012, 10:04:24 PM
 #1161

Thanks, very useful information.
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Magnate
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November 29, 2012, 07:53:23 AM
 #1162

Once upon a time-you stored your money in a bank. However the money physically sat in the bank and was subject to hold ups. The only thing that made a bank more secure than your mattress was the fact the bank was across the road from the sheriff's office. Transfering money meant stage coach and train hold ups. So money wasn't that secure.

Now if you store your money (which may never physically exist) if the bank is held up it is their issue not yous. So that is a step up in security. However if you have you card stolen or skimmed the crooks can still spend out your account. So protect your card. If you loose it you can cancel it and get a new one, your money will still be accessible.

With your bit coin wallet- the only person who can secure your wallet is you, just like carrying around a wad of cash. If you get mugged poof money gone. House burns down poof money gone.

However unlike a wad of cash you can keep copies of your wallet like have legal photo copies of your cash that can only be spent once. So if your physical bit wallet gets stolen you can still access the coins and transfer them to a new non compromised wallet (assuming you get to them first). House burns down- activate the wallet.dat stored else where.

Big risk I picked up form this thread is securing your computer when dealing with your savings wallet.

How about having a tablet that you never use- unless you were transferring coins in or out of your saving wallet. Less time to get infected, and of course you have virus protection. Android and Apple tablets/phones are probably now more common than pcs- what are the virus issues like on them these days?
htc
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November 29, 2012, 06:58:40 PM
 #1163

Hadn't thought about some of this. Thought my bitcoin wallet was secure.

Thanks for the info.
htc
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November 29, 2012, 08:30:50 PM
 #1164

If you're still unsure - see this post
https://bitcointalk.org/index.php?topic=128258.0
yourmadre1
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November 30, 2012, 08:14:48 PM
 #1165

Love it, Love it, Love it.


YM
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November 30, 2012, 08:23:58 PM
 #1166

thanks - this is helpful
wdBTCtrader
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December 02, 2012, 07:29:17 PM
 #1167

The only secure wallet is one that doesn't touch a network.   

Check out this article.

http://bitcoinmagazine.net/brain-wallets-the-what-and-the-how/
dethdeks
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December 03, 2012, 05:49:51 AM
 #1168

great read thanks for the tips.

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akajester
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December 03, 2012, 03:14:35 PM
 #1169

Thanks for this information. Very funny but important.
asc3nsi0n
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December 04, 2012, 11:20:20 PM
 #1170

Thanks for the info!
Ex0deus
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December 05, 2012, 06:16:35 AM
 #1171

Good read.

Has anyone thought of using the Tails LiveCD? its a linux distro with absolutly no logging.

wdBTCtrader
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December 05, 2012, 09:59:44 AM
 #1172

Good read.

Has anyone thought of using the Tails LiveCD? its a linux distro with absolutly no logging.


The problem with tails is adding programs and saving the data.  They purposely make it difficult.  Better off using liberte.  much more robust.


]http://dee.su/liberte]
Rayman65
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December 06, 2012, 02:35:46 AM
 #1173

Thanks for this I was a little nervous that my bitcoin wallet was not secure enough but you helped me. Thanks again.
Ikigai
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December 06, 2012, 07:10:05 AM
 #1174

Done
16PENcE
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December 06, 2012, 07:30:48 AM
 #1175

Thanks

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quattrobente
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December 06, 2012, 05:53:25 PM
 #1176

nice read specially for us newbies. how do you secure your usb flashdrive? like can i encrypt it before i access my wallet or such? sorry im not really techie.
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December 07, 2012, 04:25:28 AM
 #1177

If you prefer to not encrypt the files to avoid remembering passwords, you won't be secure, unless you make a physical backup of the media holding your money and then put that backup in a vault (at your house or in a bank).

Actually, you could do a weekly trip to the bank and put your wallet.dat on a memory stick in a safety box. Assuming that you have that many BTCs to protect.

NO!! Encryption is not some magic thingamajawb that protects you from all evil.

Let me clarify: A _backup_ is of absolutely NO USE. So your weekly trip doesn't accomplish anything if the very same file has been on your main operating system. This is a dangerous fallacy, hence my analogy with "keys" instead of "wallets".

Again: that would be like making a copy of your safe-key every week and putting that in the vault.

It has to be a new, untainted address, in conjunction with the wallet.dat that you deposit. Actually, this is way more convenient, since you don't have to access your bank vault at all. You just deposit/sent the coins into the right addresses.


It's ashame you can't just swallow the file & shit it out for future use's, it would make life so much easier
wdBTCtrader
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December 07, 2012, 05:07:06 AM
 #1178


It's ashame you can't just swallow the file & shit it out for future use's, it would make life so much easier

I bet someone is working on that idea at this very moment. 
caoxg
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December 07, 2012, 09:37:58 AM
 #1179

thanks for sharing.

I'm running a Chinese crowdfunding website: dreamchina.com.
Richy_T
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December 07, 2012, 03:56:15 PM
 #1180


It's ashame you can't just swallow the file & shit it out for future use's, it would make life so much easier

I bet someone is working on that idea at this very moment. 

Embed it under your skin, Jason Bourne style.

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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