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Author Topic: Thieves, Govts and Mistakes  (Read 2345 times)
P_Shep
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July 17, 2013, 06:00:10 PM
 #21

Out of curiosity, how safe might a computer be, if the *only* open port was 8333?
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July 17, 2013, 06:31:48 PM
 #22

You made a lot of mistakes, the first one was to TRUST on a system.

You trusted Bitcoins-24, do you know who they are? Giving something of value to anybody is always a risk, even giving it to the bank. You are from Argentina, where you had a bank run on 2001, banks stole dollars from people, and the minister give the people "peso" instead of his dollars.

Then you trusted on BlockChain, even when they say they have security, you can't be sure if they really are keeping your coins safe. Misteriously they can say "uppsss, our system was hacked" and say "bye bye" to you (ex-) coins.

Then you trust on Yubikey, a third party security system. What happens if it fails? And 2-pass auth? The one controlled by G00?


The answer was always, do not trust on somebody, you should keep your coins for yourself. Cold storage, print the code, or remember it. And trust no one.

You are certainly correct, but reading your post - and this thread - I was thinking: is bitcoin ever going to become mainstream needing this level of attention? 
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July 26, 2013, 08:38:24 AM
 #23

About Bitcoin-24: I had 20 BTC in there when it went down. Got them when they opened to allow withdrawals, a couple weeks after. I hope you get your BTC back!
I am curious, did you have any euros in your account as well?  Because if you did, that supports my conspiracy theory that they took care of (only) clients that had the right to go to official legal channels.

Nope, no Euros whatsoever. Only had 21 BTC in there if I'm not mistaken. Only unsure about how many BTC. That I had zero Euros I'm positive Wink

I also had only bitcoins with them (around 8-10) and after a few days I was allowed to transfer them away.. Maybe they started accepting withdrawals from people with low value accounts? Don't know.. good luck with yours!

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July 26, 2013, 08:49:10 AM
 #24

About Bitcoin-24: I had 20 BTC in there when it went down. Got them when they opened to allow withdrawals, a couple weeks after. I hope you get your BTC back!
I am curious, did you have any euros in your account as well?  Because if you did, that supports my conspiracy theory that they took care of (only) clients that had the right to go to official legal channels.

Nope, no Euros whatsoever. Only had 21 BTC in there if I'm not mistaken. Only unsure about how many BTC. That I had zero Euros I'm positive Wink

I also had only bitcoins with them (around 8-10) and after a few days I was allowed to transfer them away.. Maybe they started accepting withdrawals from people with low value accounts? Don't know.. good luck with yours!

Me too.  I had transferred 2 BTC to them to try BTC-24 out just hours before they shut down, but they were received correctly and I was able to withdraw them when they allowed BTC withdrawals again.

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July 26, 2013, 12:13:54 PM
 #25

The one controlled by G00?

The one that's opensource, based on open standards that anyone can re-implement, and doesn't require any network access as long as the time on your device (iOS, Android or Blackberry) is accurate? While not everything Google does is "good" we shouldn't automatically assume everything is "evil" either, especially when it's something that can be verified (opensource, open standards), can be freely re-implemented by anyone who understands those standards, and requires no network access once it's installed.

But back on-topic, here's what I do. I don't use Armory mainly because my online PC with my watch-only wallet is underpowered and downloading the whole blockchain using the best internet access available in my area would take at least a week. I use Electrum with a seedless watch-only wallet on my online PC and the full (seeded) wallet on an old laptop with its wifi card physically removed. I can make as many transactions as I want with the online PC, but (similar to Armory) I need to transfer them to my offline PC to sign them before they can be broadcast over the network. I have a paper wallet with a BIP-38 encrypted private key (generated with a modified version of bitaddress.org, the bip38 branch of github.com/Zeilap/bitaddress.org ) that I can use for cold storage, if I ever need to access those coins I can decrypt the key with the same version of bitaddress.org, bit2factor.org or the Casascius Address Utility and import it into any wallet. I also use a couple online wallets including inputs.io and blockchain, but never store more than a couple dollars worth of btc there at any given time.

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