Atruk
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November 07, 2013, 03:26:08 AM |
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Don't use web wallets.
Seriously - it always ends in tears.
Cute Dog.... What wallets do you recommend? I personally use Coinbase.com and that is because they are licensed and a regulated business in California good old USA. You can actually visit the office. I recommend a local wallet. Multibit and Electrum are decent for everyday handling of bitcoins. For large amounts of coin though an offline Armory wallet split between an air gapped machine and a networked watching machine is probably best. "For large amounts of coin though an offline Armory wallet split between an air gapped machine and a networked watching machine is probably best." --Could you list some examples? Well the subject of air gapping a machine has been covered before better than I can do it. The same has been done as well on Armory's own site for offline wallets. http://bitcoinarmory.com/about/using-our-wallet/Basically you use a never connected to the internet machine to generate an armory wallet and then generate seeds for watching only wallets you can view on internet connected machines. While their guide recommends electronic media to pass things between the offline and online computer, I'd suggest using printers and scanners with decent OCR capabilities. There is even a daemon version of Armory suitable for web services in case you want every transaction to be manually approved, but the server needs to be aware of balances and allow deposits (This implies there would be a withdrawal delay, but for services dealing in large amounts of Bitcoin this might be comforting as every coin is stored cold). This is quite the hassle though which is why for everyday spending with amounts you aren't too afraid to lose Multibit or Electrum probably make more sense from a convenience standpoint. The battle is between convenience and security.
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Naruto.me
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Activity: 115
Merit: 10
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November 07, 2013, 03:30:06 AM |
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Web wallets will never be secure don't you get it!?!?!? No site is 100% bug free!!!!! LEARN THAT!!!!!!!!
it's ok for me . Just tiny amount
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giantdragon
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Activity: 1582
Merit: 1002
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November 07, 2013, 03:51:07 AM |
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I think bitcoiners finally will learn the lesson - NEVER trust your Bitcoins to the online wallet!
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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November 07, 2013, 03:54:05 AM |
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Wow its been a while remember when I started bitcoin I almost used a webwallet but then saw them collapse a few days later and installed QT From then on I always emptied webwallets that said my condolences to those that lost a lot of BTC
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Believing in Bitcoins and it's ability to change the world
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BitChick
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Activity: 1148
Merit: 1001
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November 07, 2013, 03:57:48 AM |
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Wow its been a while remember when I started bitcoin I almost used a webwallet but then saw them collapse a few days later and installed QT From then on I always emptied webwallets that said my condolences to those that lost a lot of BTC
My husband seemed a bit paranoid to me about keeping Bitcoin in a cold wallet but I suppose he deserves some credit for being careful! He was right. (Wives never like saying that BTW ) Thankfully I only lost a small amount (.17) that I had received for just having the ad on my page. Now I am ticked I even advertised at all for them though!
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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aksplace (OP)
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November 07, 2013, 04:19:28 AM |
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I wonder if the gambling sites he has ownership in lost there balances? Clearly a concern for ratings concerns.
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Magazine
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Activity: 112
Merit: 10
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November 07, 2013, 04:24:11 AM |
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Bit777 had a thing on there
"Inputs allows us to send Bitcoin instantly and securely without fees, providing a better experience while saving us development time."
Bit777 Team
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mccoyspace
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November 07, 2013, 04:42:04 AM |
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what about coinlenders?
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aksplace (OP)
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November 07, 2013, 04:57:13 AM |
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Bit777 had a thing on there
"Inputs allows us to send Bitcoin instantly and securely without fees, providing a better experience while saving us development time."
Bit777 Team
Another deep concern thanks for pointing that out!
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bits4books
Sr. Member
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Activity: 854
Merit: 264
Crypto is not a religion but i like it
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November 07, 2013, 04:57:46 AM |
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Wow. I just withdrew 9 coins from there within the last 36 hours.
People never cease to amaze me..
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aksplace (OP)
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November 07, 2013, 04:59:27 AM |
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Wow. I just withdrew 9 coins from there within the last 36 hours.
People never cease to amaze me..
why are you pimping inputs in your signature for .20 a month then ?
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Foxpup
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Activity: 4508
Merit: 3180
Vile Vixen and Miss Bitcointalk 2021-2023
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November 07, 2013, 06:07:31 AM |
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Web wallets will never be secure don't you get it!?!?!? No site is 100% bug free!!!!! LEARN THAT!!!!!!!!
They will once they get deposit insurance. But the insurance companies might insist on independent security audits, and we wouldn't want that, now, would we?
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Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions!
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teddybear
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November 07, 2013, 06:10:34 AM |
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4100 BTC 1 M USD nice..
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collingiusti
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November 07, 2013, 06:13:29 AM |
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The only web wallet that's worth using is coin base.
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justusranvier
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Activity: 1400
Merit: 1013
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November 07, 2013, 06:16:34 AM |
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The only web wallet that's worth using is coin base.
Search the forums and Reddit. Besides the vulnerabilities inherent to all web wallets, Coinbase additionally has lovely quirks like randomly encountering difficulties broadcasting transactions into the network.
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Atruk
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November 07, 2013, 06:17:24 AM |
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The only web wallet that's worth using is coin base.
After this I'm pretty sure the correct answer is use local wallets or be prepared to lose coins if you weren't prepared to lose them before.
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aksplace (OP)
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November 07, 2013, 06:19:14 AM |
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The only web wallet that's worth using is coin base.
Search the forums and Reddit. Besides the vulnerabilities inherent to all web wallets, Coinbase additionally has lovely quirks like randomly encountering difficulties broadcasting transactions into the network. I emailed them in regards to this, they say it's random. I like the randomness it might save someone huge some day.
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justusranvier
Legendary
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Activity: 1400
Merit: 1013
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November 07, 2013, 06:20:13 AM |
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After this I'm pretty sure the correct answer is use local wallets or be prepared to lose coins if you weren't prepared to lose them before.
Yes.
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teddybear
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November 07, 2013, 06:26:09 AM |
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The only web wallet that's worth using is coin base.
coinbase could run like inputs too
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