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Author Topic: how much BTC would you trust in a blockchain.wallet,how long should passord be??  (Read 3006 times)
Paul89273
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April 18, 2013, 10:27:29 AM
 #21

Well, mine was hacked, losing 1 bitcoin. USE TWO FACTOR AUTHENTICATION!

what happens if you loose your mobile, what happens to2 factor then?

If you're smart you'll have written down your 5 - 10 throwaway two factor authentication codes that you get when you signup for 2FA with Gmail and you'll use one of those to log into your account to turn off 2FA and change your password and reset everything.

Just my opinion but if you have a lot invested in Bitcoins/ALT currencies I'd have a separate phone locked in a safe so you don't lose it.
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dogisland
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April 18, 2013, 01:11:19 PM
 #22

Your password doesn't matter, the only thing that matters is password uniqueness.

This is very true. Password uniqueness and strength are the key to keeping Bitcoins safe online.

https://www.strongcoin.com/en/blog/are_you_guilty_of_the_following_password_mistakes

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April 18, 2013, 01:27:22 PM
 #23

2factor.
Abdussamad
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April 18, 2013, 02:22:57 PM
 #24

Well, mine was hacked, losing 1 bitcoin. USE TWO FACTOR AUTHENTICATION!

What was your password? Do you use Windows?
Abdussamad
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April 18, 2013, 02:32:09 PM
 #25

FYI blockchain is currently down because of a DDoS:

https://twitter.com/blockchain/status/324785363002458112

So not being able to access your account is another risk with blockchain.
acoindr
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April 18, 2013, 03:23:25 PM
 #26

Your password doesn't matter, the only thing that matters is password uniqueness.

This is very true. Password uniqueness and strength are the key to keeping Bitcoins safe online.

https://www.strongcoin.com/en/blog/are_you_guilty_of_the_following_password_mistakes

No, that is not true.

Password uniqueness and strength, as well as two-factor authentication, are measures which HELP keep bitcoins safe online.

None of that matters if the online service you use becomes corrupted. Two-factor authentication would not have helped anyone with a mybitcoin.com account. Password uniqueness and strength would not have helped Bitcoinica customers.

I will say it again:

For ANY online Bitcoin service I advise only storing as much there longer term as you are willing to lose completely if something unforeseen (like hacking/dishonesty/mistakes etc.) happens.
Joshster
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April 18, 2013, 05:28:57 PM
 #27

Only really trust Bitcoins in my own personal wallet. With all these sites going down and hackings seems to safest way.
whiskers75
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April 18, 2013, 06:09:12 PM
 #28

Well, mine was hacked, losing 1 bitcoin. USE TWO FACTOR AUTHENTICATION!

What was your password? Do you use Windows?
I would never! Completely clean Ubuntu computer. 'Twas a big 108 BTC major hack - others were affected. I only lost 1.2 however. Now I use 2FA and a paper wallet for my new Bitcoin Smiley

Elastic.pw Elastic - The Decentralized Supercomputer
ELASTIC ANNOUNCEMENT THREAD | ELASTIC SLACK | ELASTIC FORUM
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April 19, 2013, 02:47:03 AM
 #29

Well, mine was hacked, losing 1 bitcoin. USE TWO FACTOR AUTHENTICATION!

What was your password? Do you use Windows?
I would never! Completely clean Ubuntu computer. 'Twas a big 108 BTC major hack - others were affected. I only lost 1.2 however. Now I use 2FA and a paper wallet for my new Bitcoin Smiley

Well that is odd. Linux rules out malware.

What kind of password was it?
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