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Author Topic: HOWTO: create a 100% secure wallet  (Read 274046 times)
bitcoindude
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June 18, 2011, 11:59:10 PM
 #141

THis all happend while the disk was mounted...
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BouerBouer
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Hai.


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June 19, 2011, 12:04:34 AM
 #142

Thanks a LOT for this guide. I don't use Bitcoins a lot, but if I start using it for pretty much everything then I'll do this. Smiley
Crystal Excursion
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June 19, 2011, 12:47:25 AM
 #143

can u tell me the pathway to the wallet.dat in Ubuntu?
You will need to enable "show hidden files" in the file browser, It should be in "Home/.bitcoin", not the client folder...

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joshuad31
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June 19, 2011, 01:00:32 AM
 #144

Hello,

Obviously what you are suggesting doesn't adequately address these issues.  For more info of why you cannot secure your wallet aside from the bitcoin software being able to encrypt and read an always encrypted wallet file please go here:
https://en.bitcoin.it/wiki/Talk:Securing_your_wallet#Flaws_with_argument_regarding_encryption

Bitcoin is flawed.  There is no way to 100% secure your wallet until the software becomes capable of reading a wallet file that is always encrypted.  Till this problem is solved we will absolutely see more trojans that will aggressively attempt to locate, copy, and transmit wallet files over the internet.  This is a huge security hole.

~J

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bitlotto
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June 19, 2011, 01:48:13 AM
 #145

Perhaps a live cd for this exact purpose is needed:
https://forum.bitcoin.org/index.php?topic=19218

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foreshadow
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June 19, 2011, 02:16:27 AM
 #146

LMAO@
"You might want to make multiple copies (on multiple cards/CDs, not multiple copies of the same file on the same disk you tart)."

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joshuad31
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June 19, 2011, 02:17:51 AM
 #147

Perhaps a live cd for this exact purpose is needed:
https://forum.bitcoin.org/index.php?topic=19218

This is your solution?  Ok so basically unless you are linux savvy then forget securing your wallet and what about portable devices?  This is not a viable solution for the majority of people.  Bitcoin is a hobby right now.  The only way for people to take it seriously is if the security flaws are addressed by the software itself.  Otherwise how can main stream people use it for everyday purchases?  Your basically saying only people that are comfortable with installing and running linux should use it.  Great that's less than 5% of people who make purchases online.

How about a real solution.  Right now if you ask me bitcoins should be trading for cents not dollars.  Mtgox isn't secure, the wallet.dat file can't be secured in any real way see: https://en.bitcoin.it/wiki/Talk:Securing_your_wallet#Flaws_with_argument_regarding_encryption

Why would anyone want to speculate on a currency that can vanish into thin air?  The cash in my physical wallet is far more secure even walking around the most dangerous neighborhood than the methods in place to use the wallet.dat file now.  Forget trying to exchange currency on mtgox which also is lunacy.

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Bth8
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June 19, 2011, 02:19:40 AM
 #148

can u tell me the pathway to the wallet.dat in Ubuntu?
It's located at /home/<user>/.bitcoin/wallet.dat

1QAaq6YbMbbNb6QrsjDvCNkUAgWpLhmqQq
PGP Key (http://pgp.mit.edu:11371/pks/lookup?op=get&search=0x18B86F8EC85CFDBF)
alexanderanon
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June 19, 2011, 02:40:24 AM
 #149

I'm about to buy my first bitcoins. If I just avoid all forum links/email attachments with potential trojans and keep my computer away from anyone IRL, am I 100% safe? I've read a good amount of the encryption/live CD posts on this thread and others, and I plan to do that stuff eventually, but to be honest it's still annoyingly complicated for a non-geek such as myself.
BitcoinPorn
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June 19, 2011, 07:01:41 AM
 #150

Perhaps a live cd for this exact purpose is needed:
https://forum.bitcoin.org/index.php?topic=19218
Really really for this project.  More things like this need to be out keeping it super simple.

izaxon
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June 19, 2011, 10:02:09 AM
 #151

Is it possible (or planned) to add native encryption of the wallet.dat file to the Bitcoin client?
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June 19, 2011, 10:27:53 AM
 #152

Thanks for the guide!
hart
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June 19, 2011, 10:52:12 AM
 #153

Is it possible (or planned) to add native encryption of the wallet.dat file to the Bitcoin client?


This would be ideal... Similarly, keep just enough data unencrypted so that the client can be notified of incoming transactions (similar to how BlockExplorer does it with the BitCoin address, but obviously can't accept the BTC and spend it).

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Lech_Walesa
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June 19, 2011, 11:01:17 AM
 #154

Quote
Is it possible (or planned) to add native encryption of the wallet.dat file to the Bitcoin client?

it's planned so it's matter of short time.

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June 19, 2011, 11:42:30 AM
 #155

I know how to encrypt the backups of my wallet.dat, but what's the best way to encrypt the original file itself?

What name would you give to the smallest unit of bitcoin (0.00000001)? sat. What name would you give to 100 sats? bit. 1 bit = 1 uBTC. 1,000,000 bits = 1 BTC. It's bits
aiwk171
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June 19, 2011, 12:20:37 PM
 #156

THis all happend while the disk was mounted...

I understand the need for something really easy and secure, which is a legitimate concern if you're computer-illiterate but interested in bitcoin.

So, I decided to make a poll about providing an all-in-one solution: Poll for an easy security HOWTO. This would allow people like bitcoindude to use bitcoin safely with only very little prior knowledge.

Feel free to comment on it, but note that it would take me time (not _that_ much, a matter of a week or two) to give you this.
Synaesthesia
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June 19, 2011, 01:19:39 PM
 #157

Thanks for the guide!



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vernes
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June 19, 2011, 02:26:51 PM
 #158

this is some really good stuff thank you!
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June 19, 2011, 02:39:21 PM
 #159

Better to be safe then sorry! Good intel!
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June 19, 2011, 04:35:22 PM
 #160

Thanks for this post!
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