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Author Topic: How does computer dunce safely store bitcoin?  (Read 1323 times)
thesum
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June 26, 2011, 08:03:34 PM
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Ok, Look I'm a really stupid guy who literally bangs nails for a living and is not a computer geek.  Somehow I am now into bitcoin.  I had this strange idea that I could make a new wallet, just store my bitcoin on a USB stick and wouldn't have to worry about hackers stealing them.  So I went to Staples and bought a $10 stick .  Now I learn that I can't just store them on the stick because the bitcoin wallet will still be on my hard drive somewhere.  So what do I do?  Please don't talk to me about linux or encrypting them on a cloud I have no idea what that stuff is and will have to find someone to do that for me or show me if I must. I guess I could just store them on an old computer and connect it to the internet only when I need coins.  Is that what I have to do?  Can I just put them on a USB stick?
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thesum
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June 26, 2011, 08:16:10 PM
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Do I have to do this wallet in a cloud thing?

http://forum.bitcoin.org/index.php?topic=22386.0
Oldminer
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June 26, 2011, 08:18:55 PM
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http://lmgtfy.com/?q=how+to+backup+wallet

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thesum
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June 26, 2011, 08:38:21 PM
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I guess I'll be doing this:

http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/

Thanks Oldminer
Gabi
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June 26, 2011, 08:57:39 PM
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Crypt wallet.dat with Truecrypt.
Backup it somewhere (maybe in more than one place)
Make sure you remember the password  Cheesy
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June 26, 2011, 08:59:13 PM
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I guess I'll be doing this:

http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/

Thanks Oldminer

No problem Smiley

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Tronlet
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June 26, 2011, 09:56:26 PM
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Backing up a wallet isn't the same as securing it, and could easily make it less secure. Undecided (I realize first result is about securing it, but all the same)

thinkweis
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June 26, 2011, 11:58:05 PM
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I guess I'll be doing this:

http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/

Thanks Oldminer

Awesome! Good to see my little tutorial is getting around.

Beginners guide to mining bitcoin http://startbitcoin.com Bitcoin mining for beginners
New Secure Wallet Guide http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/
Order the Blockchain by mail on dvd http://startbitcoin.com/blockchain-on-dvd/
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thesum
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June 27, 2011, 07:28:26 PM
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I guess I'll be doing this:

http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/

Thanks Oldminer

Awesome! Good to see my little tutorial is getting around.

Having problems. My son helped me install it.  I can get to the Ubuntu operating system on the USB stick, it runs for a few seconds, then the computer restarts and goes back to windows.  Any ideas?

 
thinkweis
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June 27, 2011, 11:43:13 PM
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Might be a problem with the USB stick. If the USB drops off the the computer loses its OS it would reboot. I would try a new USB stick.

Beginners guide to mining bitcoin http://startbitcoin.com Bitcoin mining for beginners
New Secure Wallet Guide http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/
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thesum
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June 28, 2011, 01:10:23 PM
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Might be a problem with the USB stick. If the USB drops off the the computer loses its OS it would reboot. I would try a new USB stick.

Tried it with 2 different usb sticks different style but same brand.  It did the same thing.
thinkweis
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June 28, 2011, 02:18:41 PM
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I've looked around on google a little and it seems to be caused from hardware issues. Try unplugging all peripherals like printers and scanners and try it again. 

Beginners guide to mining bitcoin http://startbitcoin.com Bitcoin mining for beginners
New Secure Wallet Guide http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/
Order the Blockchain by mail on dvd http://startbitcoin.com/blockchain-on-dvd/
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thesum
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June 28, 2011, 05:00:20 PM
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I've looked around on google a little and it seems to be caused from hardware issues. Try unplugging all peripherals like printers and scanners and try it again. 

Ok, thanks. 
Oldminer
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June 28, 2011, 05:06:47 PM
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lol thesum is going to be a computer whizz by the time he gets this working  Grin

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thinkweis
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June 28, 2011, 06:38:48 PM
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Lol, I hope so.

Beginners guide to mining bitcoin http://startbitcoin.com Bitcoin mining for beginners
New Secure Wallet Guide http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/
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casascius
Mike Caldwell
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June 28, 2011, 06:44:02 PM
 #16

Try my Paper Bitcoin Wallet.  It's 100% hacker proof.  See my sigline.

If you use the wallet I produce, no one on earth (besides me) can steal your coins.  People losing their coins have no idea who stole them - they just disappear.  If your coins somehow disappear out of my paper wallets, you know who's ass to come after.

Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable.  I never believe them.  If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins.  I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion.  Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice.  Don't keep coins online. Use paper wallets instead.
thinkweis
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June 28, 2011, 07:20:13 PM
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Also, make sure you are running the 32 bit edition. I've read sometimes the  64 bit can cause this.

Beginners guide to mining bitcoin http://startbitcoin.com Bitcoin mining for beginners
New Secure Wallet Guide http://startbitcoin.com/how-to-create-a-secure-bitcoin-wallet/
Order the Blockchain by mail on dvd http://startbitcoin.com/blockchain-on-dvd/
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blumpkinpie76
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June 28, 2011, 07:30:05 PM
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Also, make sure you are running the 32 bit edition. I've read sometimes the  64 bit can cause this.

Agreed, if you are having issues running or installing 64 but Ubuntu, try the 32 bit edition. I had a motherboard that 64 bit just didn't like, but 32 but worked flawlessly.

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