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Author Topic: HOWTO: create a 100% secure wallet  (Read 249743 times)
christop
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March 20, 2013, 04:48:59 PM
 #1901

if you use a live cd you will need to download all the blocks each time, right? Can you explain how do you deal with that? Thanks
You would use the live CD offline to create a wallet only. You don't need to download any of the blockchain to do that.

When you want to spend the bitcoins in that wallet, yes, you will need to use your wallet on an online system with a synchronized blockchain.

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agdsports
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March 20, 2013, 06:53:24 PM
 #1902

Great advice, thank you!
cloudTc
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March 20, 2013, 10:06:39 PM
 #1903

If i give out my privatekey does that mean anyone can access my wallet at any time?
alexhaj
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March 20, 2013, 10:58:34 PM
 #1904

Great post.  Thanks for the advice!
christop
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March 21, 2013, 12:13:45 AM
 #1905

If i give out my privatekey does that mean anyone can access my wallet at any time?
Yes. It's called a private key for a reason.

Well, strictly speaking, they can't access your wallet, but they can access the money that belongs to your private key. A wallet is a collection of private keys and other stuff that can be maintained client-side, such as "accounts".

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ricardonutella
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March 21, 2013, 01:16:37 AM
 #1906

hmm...looks like the old school solution is the best school solution
emmanuel645
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March 21, 2013, 02:14:50 AM
 #1907

Thank you very much. It helped a lot !

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KingOfSports
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March 21, 2013, 09:39:57 AM
 #1908

What about using bitcoin-qt and armory together? Does this work?

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Ilocans
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March 21, 2013, 12:11:52 PM
 #1909

THanks you I learned a lot.

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March 21, 2013, 12:27:09 PM
 #1910

What about using bitcoin-qt and armory together? Does this work?

It is, in fact, the only way they work. Smiley

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March 21, 2013, 05:28:44 PM
 #1911

Wow a lot of steps...

Security comes at a cost. It's better to do a lot steps but be on the safe side  Wink

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Melchom
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March 21, 2013, 07:05:16 PM
 #1912

i think the real safe part is important, there is otherwise a lot of money gone when i die  Grin
mike332
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March 21, 2013, 08:59:35 PM
 #1913

Yes, awesome information.  I'll create a super-secure file once I actually start making some money.
DarkRayn3
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March 22, 2013, 01:55:24 AM
 #1914

thanks for this, easy to do for peace of mind

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DulyNoted
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March 22, 2013, 03:10:11 AM
 #1915

Great post thank you.

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nubaincidem
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March 22, 2013, 07:14:11 AM
 #1916

Very Interesting! I didn't realize the vulnerabilities that existed in Wallets, and how important it is to fully secure it. Thanks for all the info!
gekophonic
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March 22, 2013, 01:33:39 PM
 #1917

Thnx for all the info!

jacobpark
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March 22, 2013, 02:54:21 PM
 #1918

How legit is it to use say, coinbase.com as my wallet? it seems mighty convenient for a user on the go.
I would like to know this too.
luoyang
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March 22, 2013, 04:16:09 PM
 #1919

There's no 100% security.
erik777
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March 22, 2013, 05:56:49 PM
 #1920

Security needs to be brought to the average joe for bitcoins to reach its potential.  This means that always booting from a live CD or flash isn't really scalable to the masses.  It needs to run on Android, iPhone and, yes, Windows.

I think we need to think about how we can create a secure sandbox environment in any environment, or leverage sandboxing currently available.  This may mean doing encryption on top of encryption. 

This is not to say there are not challenges.  The fundamental challenge is how do you handle compromised programs running as the same user, and key loggers.  But, I think it is simply important to begin the discussion with how to secure bitcoins on platforms that the mainstream will want to use, rather than invent a distro and boot process just for bitcoins -- unless, of course, you're goal is to secure 1000s of them. 
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