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Author Topic: HOWTO: create a 100% secure wallet  (Read 261672 times)
tholu
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April 13, 2013, 10:23:13 AM
 #2301

Thanks for this guide!
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April 13, 2013, 11:06:49 AM
 #2302

Great guide, thanks for write up. I would say though, that it is a bit too complicated for day-to-day use. Seems like driving into the forest to bury a chest and have to come back every sometime to replenish the spending wallet. Will certainly teach you to leave it alone for sometime, which is a good thing, and you would, hopefully, still remember the steps to get it back when you need to.
Ciber
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April 13, 2013, 02:47:07 PM
 #2303

Great post.
Its About Sharing
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April 13, 2013, 03:27:12 PM
 #2304

thx

Strange, I watched The Big Lebowski last night, for the second time. And Dude! Here you are. Must be a sign.#

Nice alternative idea on a secure wallet.

IAS

BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
astraldust
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April 13, 2013, 04:02:48 PM
 #2305

Great Info. I however take backups on my Raid storage.
angelgeeks
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April 13, 2013, 05:41:46 PM
 #2306

Sounds like you've put a fair amount of thought into what you've put up here and I appreciate that. Thanks!
I noticed the Winkelvoss (sp?) twins are storing their bitcoin stuff in traditional banks and in different cities to boot. Given their Harvard education and resources available to them, I suspect they are doing the "right" thing.

I wouldn't be surprised to learn that about 5% or more of all bitcoins are either lost (forgotten passwords or keys), destroyed (harddrives and other media destroyed), forgotten about or people died without telling anyone what they had and an estimated 1% or less due to theft.
I tend to think that all those harddrives people have stored their bitcoin data on have a fairly predictable failure rate which over time can add up to some serious losses. I like you think of using some type of redundancy and even preferably some different types of media for storage e.g. paper ledger, usb flash drive, physical container, etc. is the way to go and I also like your idea of keeping a small wallet for small purchases and a larger more secure wallet for larger amounts.

Again...Thanks!
bobdude17
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April 13, 2013, 05:47:36 PM
 #2307

Good info.
angelgeeks
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April 13, 2013, 05:54:32 PM
 #2308

I was just wondering how all this might fit in with the thoughts some people have when it comes to the "Mark of the Beast" being required by anyone who wishes to buy or sell.
Do you think there is there any chance that this could bitcoin movement will eventually require a implant or "mark" which will have a corresponding scanner to verify identity for the use of bitcoins, etc.? Thanks!
alexcamp
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April 13, 2013, 05:55:23 PM
 #2309

Is there an Armory client for the Litecoin wallet?
StarbucksShop
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April 13, 2013, 07:34:11 PM
 #2310

Well in your opinion what is the best wallett
algaidaman
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April 13, 2013, 07:52:21 PM
 #2311

Thanks, I haven't thought about the keylogger problem. I'll be moving my file to a usb live distro asap.

No Sig
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April 13, 2013, 07:54:16 PM
 #2312

Might just have to do this today...

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Launebaer
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April 13, 2013, 09:29:21 PM
 #2313

thx man, great input!
arch
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April 13, 2013, 10:02:42 PM
 #2314

Thanks. Nice Guide!
110240
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April 13, 2013, 10:55:05 PM
 #2315

If I download a litecoin wallet on one computer and start mining.
Can I simply download another litecoin wallet and start mining on another computer?  How would it know to put funds into the same account?

If I delete my wallet, but have a backup saved on a usb, how can I open the usb copy?

"I have not yet begun to fight."
- John Paul Jones (aboard the Bon Homme Richard),Sept. 1779
dotbitme
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April 13, 2013, 10:57:31 PM
 #2316

Securing your Bitcoins:

  • Download Truecrypt, create a 1MB Truecrypt volume, use a four word password: http://preshing.com/20110811/xkcd-password-generator
  • Stop your Bitcoin client and locate the wallet.dat file, copy it into the Truecrypt volume
  • Save a copy of the Truecrypt volume on Dropbox, Google Drive, Skydrive, Gmail and on your local disk
  • Test using the wallet.dat file from your Truecrypt volume in a new Bitcoin client install. Works? Delete the original wallet.dat and all unencrypted versions.

This is, IMHO, the easiest and best way to secure a wallet with "savings" that you are not going to use regularly.

Regards,
Tagide

dotbit.me (https://dotbit.me)  - buy .bit domains for Bitcoins, Namecoins, Litecoins, Peercoins, Primecoins or PayPal!
kurezza
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April 13, 2013, 11:01:05 PM
 #2317

backtrack would be best for good encryption and keeping everything safe
hammz
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April 13, 2013, 11:08:51 PM
 #2318

Isn't it possible for a virus to sit, and wait for the Bitcoin client to unlock the private key when it connects to the block chain to make a transaction?

Is that memory location randomized by the Bitcoin client each time it runs?  Would it matter?

The wallet.dat file can be encrypted a zillion different ways, but at some point doesn't it have to be fed into the block chain naked so to speak?

...and if it's a key logger as well?

What then?








SAQ
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April 13, 2013, 11:41:04 PM
 #2319

This sounds a bit extreme. I mean, I and I am sure everyone else use online banking everyday. So why is such crazy security needed for the wallet when you just need an antivirus to log onto your bank?

What goes up might not come down.
islandx
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April 13, 2013, 11:52:33 PM
 #2320

Thanks it was helpfull

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