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Author Topic: HOWTO: create a 100% secure wallet  (Read 249678 times)
bitlotto
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April 15, 2012, 02:08:04 AM
 #681

To add to my above post....

Maybe someone can steer me in the right direction:
I am still trying to find out a good way to have two separate wallets in Ubuntu, the idea being that a TrueCrypt hidden partition (inner and outer volumes) would have a different wallet in each.
Ideally I'd have the entire wallet in the TC volume and not on the Ubuntu system. Clearly I am still learning with Linux and Bitcoin... Any tips appreciated!
If you go this route, just make sure when you open Bitcoin use the -datadir option and point it to your mounted Truecrypt volume otherwise the data will go in .bitcoin folder.

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April 15, 2012, 09:20:20 PM
 #682

Thanks again, very helpful!
simplelove
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April 17, 2012, 03:35:53 AM
 #683

SO the 100% secure wallet is only a CD?
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April 17, 2012, 11:57:20 PM
 #684

Awesome, helpful information!

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highlevelminer
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April 18, 2012, 01:21:21 AM
 #685

The development group I am working with is currently working on a secure wallet that cannot be accessed from any ip other than that of the local host 127.0.0.1 making it unaccessable to remote hosts.

There will also be a layer of md5 encryption for further protection.

Stay tuned guys the bitcoin is about to become a lot more accessible Smiley

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April 18, 2012, 02:30:46 AM
 #686

The development group I am working with is currently working on a secure wallet that cannot be accessed from any ip other than that of the local host 127.0.0.1 making it unaccessable to remote hosts.

There will also be a layer of md5 encryption for further protection.

Stay tuned guys the bitcoin is about to become a lot more accessible Smiley


W00t! MD5 encryption! can't get better then that  Roll Eyes

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highlevelminer
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April 18, 2012, 02:37:17 AM
 #687

Well its mostly to keep it secure for those who are concerned with physical access to their wallet.

In the case of those trying to establish remote connection from a host ip other than theirs it would literrally be impossible to access the dat file from the sserver provided.

Without being able to access the dat file remote transfer of funds can not begin. Hell they can not even see how much money is stored in the wallet or the wallet I'd information period.

Of course the concept is still in developement though...

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April 18, 2012, 03:09:32 AM
 #688

I think duck might have had issue with you referring to md5 as encryption.

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April 18, 2012, 07:58:48 AM
 #689

helpful thread much appreciated facts on bitcoin wallet
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April 19, 2012, 12:17:28 AM
 #690

Not bad info
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April 20, 2012, 07:05:44 PM
 #691

usefull info, if the bitcoins in my posession ever exeed a 30€ value I will come back to this.

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April 23, 2012, 02:08:47 AM
 #692


The development group I am working with is currently working on a secure wallet that cannot be accessed from any ip other than that of the local host 127.0.0.1 making it unaccessable to remote hosts.

There will also be a layer of md5 encryption for further protection.

Stay tuned guys the bitcoin is about to become a lot more accessible Smiley

Will be looking forward to this in particular. :]

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Liquid Mining
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April 25, 2012, 01:10:11 AM
 #693

Thanks for this tutorial. It really sucks to see someones hard earned bitcoins get stolen.
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April 25, 2012, 08:44:10 PM
 #694

Hmm thanks, but does anyone actually invest their savings in BTC?
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April 25, 2012, 09:15:30 PM
 #695

Wow this really opened my eyes. Thanks a big help.
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April 25, 2012, 10:58:08 PM
 #696

I`m not 100% sure, but if every transaction is in block and every client have to download all blocks then we can always restore our account?
I imagine it this way:
- there is private key and corresponding btc adress
- any transaction need to be signed by sender using his priv key
- if receiver is not online transaction is done anyway - saved in block
- when receiver went online client is updating blocks and adding money to wallet

So, we can
- create own address like it is described there: https://bitcointalk.org/index.php?topic=25804.0
- add generated priv key do wallet
- send some 0.01 to "activate" address in network

Then we can DELETE wallet.dat and when we need this BTC`s we just import priv key and client will "find" all BTC`s are on it?
Just keep priv key in safe place Smiley Ie crypt plain txt file and save on usb, send to friend, dropbox, anything. Just use STRONG password and not forget it Smiley

Because method from https://bitcointalk.org/index.php?topic=8091.0 is not working on crypted wallet i made a simple application using one function from NamecoinGUI https://bitcointalk.org/index.php?topic=48737.0

It is using RPC calls to read private key from wallet and import new address to wallet.

Bitcoin client NEED to be running!
Just need to fill fields and unlock wallet.
After unlock you can read privkey of your address or add new address entering generated privkey.
App is NOT saving anything on disk and NOT sending any data away.
Sources included.
Importing new key takes some time! Be patient and not kill app nor bitcoin client!

I posted app in thread:
http://forum.bitcoin.pl/zrob-sobie-swoj-adres-btc-np-1dupa1e1yyv3eerafrpayqcn8xg2us-t2607-20.html
Link to attachment:
http://forum.bitcoin.pl/download/file.php?id=146

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My RPC CoinControl for any coin https://bitcointalk.org/index.php?topic=929954
My SatoshDice bot https://bitcointalk.org/index.php?topic=897685
chicken patty
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April 28, 2012, 08:07:09 PM
 #697

Thanks for posting this!  It helped me to understand the process a lot better...

 Smiley

Kirix
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April 29, 2012, 01:45:54 PM
 #698

Wallet security is definitely crucial. I can see why they let you encrypt your wallet with the default client now.
dirtydiego
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April 29, 2012, 04:06:01 PM
 #699

I have had great experience with securing my wallet through paper wallets with bitaddress.org and I highly recommend using it :-)
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April 29, 2012, 06:50:51 PM
 #700

yay! my grandad would love this if he knew how to internets

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