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Author Topic: About Electrum wallet backup  (Read 2545 times)
Peter789
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March 25, 2017, 07:28:21 AM
 #21

So Kolloh, Does that mean if i copy paste my 'electrum' folder. Then hide it in encrypted (1048 military grade)cyber space, on an email server that even the NSA have trouble getting into- I can restore my wallet if my computer gets stolen?

New to this, already lost btc to a clever thieve, just want to make dam sure it never happens again.

Peter
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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March 26, 2017, 04:21:33 AM
 #22

So Kolloh, Does that mean if i copy paste my 'electrum' folder. Then hide it in encrypted (1048 military grade)cyber space, on an email server that even the NSA have trouble getting into- I can restore my wallet if my computer gets stolen?

New to this, already lost btc to a clever thieve, just want to make dam sure it never happens again.

Peter

using "military grade" (or whatever you want to call it) encryption aka AES-256 doesn't mean you are safe. because you are only as safe as your password.
many people think their password is strong but it really isn't https://en.wikipedia.org/wiki/Password_strength

also anything that is stored digitally can be lost you can lose access to that email server, it can go down, disappear, hardware failure,...

keep these two in mind when backing up your wallet.

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kolloh
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March 26, 2017, 06:36:39 AM
 #23

So Kolloh, Does that mean if i copy paste my 'electrum' folder. Then hide it in encrypted (1048 military grade)cyber space, on an email server that even the NSA have trouble getting into- I can restore my wallet if my computer gets stolen?

New to this, already lost btc to a clever thieve, just want to make dam sure it never happens again.

Peter

Yep, you would be able to restore your wallet if your computer was stolen in this case. If you don't need your labels and contacts and settings, you can simply backup your seed phrase and you'll be able to restore the wallet with all funds as well. This can even be written down and stored in a physical safe, for example.
Peter789
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March 27, 2017, 11:20:39 AM
 #24

Thank you poo
Thank you Kolloh

I am very vert sure about my email server. I have done my research. I used to use true crypt. But now it is Gpg, still as good.
To the best of my knowledge neither of these have been broken by criminals....or even the FBI. Except that terror case the other year. You remember the Muslim couple in the black SUV?...the FBI broke his phone eventually.
But, i dont feel that a concern as i am not breaking the law.

Yes I heed your advice on passwords and as a matter of fact I will act on that advice. I am a prolific reader of certain subjects.
i honestly cant imagine anyone working it out. It is not written anywhere on my premises.
I also use a file destroyer instead of the delete.
HI-TEC99
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March 27, 2017, 12:16:30 PM
 #25


 I used to use true crypt. But now it is Gpg, still as good.
To the best of my knowledge neither of these have been broken by criminals....or even the FBI.



TrueCrypt has a vulnerability in its driver that could give an attacker elevated privileges to your system. The vulnerability will never be fixed because its developers stopped maintaining it. There is an alternative to TrueCrypt called VeraCrypt in which the bugs were fixed.

http://www.pcworld.com/article/2987439/encryption/newly-found-truecrypt-flaw-allows-full-system-compromise.html

Quote
James Forshaw, a member of Google’s Project Zero team that regularly finds vulnerabilities in widely used software, has recently discovered two vulnerabilities in the driver that TrueCrypt installs on Windows systems.

The flaws, which were apparently missed in an earlier independent audit of the TrueCrypt source code, could allow attackers to obtain elevated privileges on a system if they have access to a limited user account.

Quote
Since TrueCrypt is no longer actively maintained, the bugs won’t be fixed directly in the program’s code. However, they have been fixed in VeraCrypt, an open-source program based on the TrueCrypt code that aims to continue and improve the original project.

VeraCrypt 1.15 that was released Saturday, contains patches for the two vulnerabilities, identified as CVE-2015-7358 and CVE-2015-7359, as well as for other bugs. The program’s developer only flagged the CVE-2015-7358 flaw as critical and said that it can be exploited by “abusing drive letter handling.”
Peter789
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April 22, 2017, 05:57:45 AM
 #26

Vera crypt.. hey thanks Tech. I might just look into that.
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