Trust No One

[dazultra]

Interesting stuff, thanks for the info.

I am also very interested in these security comments. Anyone interested in my interest?

[NedKLee]

I've been banking online for years, with proper 2 and 3 factor authentication, never once had a problem, can't see how BTC can be any different.

The only time I've been burned was when the DOJ pulled the plug on Full Tilt Poker, and even then, eventually, us ROW players got paid out, one can only hope that our American mates get paid out soon and convert some of their winnings to BTC.

You want to be really paranoid, go and sit at a poker table, where EVERYONE is out to steal your chips.

[Dr-Rockso]

I've been banking online for years, with proper 2 and 3 factor authentication, never once had a problem, can't see how BTC can be any different.

The only time I've been burned was when the DOJ pulled the plug on Full Tilt Poker, and even then, eventually, us ROW players got paid out, one can only hope that our American mates get paid out soon and convert some of their winnings to BTC.

You want to be really paranoid, go and sit at a poker table, where EVERYONE is out to steal your chips.

It is surprising though how many organizations don't offer 2 factor authentication. Some use site key images however I think that isn't enough, and don't truly count it.

[Nantronic]

Its hard to trust anyone this is true... Maybe a solution to this age old problem will be solved by some new talents in the bitcoin community.

[louhija]

Trust yourself though. If you think you know when something stinks irl, it's safe bet you'll get the "scent" online too - you just need solid info, so try to fish it and then rationalize how good info it is. After that it's more likely it's you scamming yourself if you fall for  tricks.

I've only met one solid scam attempt towards me in the net and as much as I wanted to believe it true, something seemed off. So I had to spread some water and there it was.

And understanding people helps. There are people that are greedy. Some of them are stupid, some of them not, but all of them will tell you stories and try to play you however they can. That does not mean the world is full of people trying to scam you, that's how a scammer sees the world. I believe trusting in people is important and contains a lot of possibilities. But then, I come from small circles.

It does not mean I don't agree with OP.

About the passwords, I think it's a good skill to learn how to memorize over 8 character random passwords or at least "fork" one over and over with something only you would know and mix it with the context you're in. I have a different password in every service, but I only need memorize the "root" random password which I then personalize to match the service- So, if I forget the service password, I can deduct it.

My bitcoin wallet though, 18 digits, memorized and tested every now and then.

If you want to make your passwords out of words, you could always make your passwords with some language you don't understand. Hell, use two. Make intentional typos.

[shantee]

thanks for the advices

[Tanner4851]

Good info!

[bobobobo]

I'm Batman

[Mike Christ]

I'm Batman

Bruce?  Is that you?

[NedKLee]

It is surprising though how many organizations don't offer 2 factor authentication. Some use site key images however I think that isn't enough, and don't truly count it.

I guess that's my point, would you comfortably deal with an organisation that doesn't provide at least 2 factor authentication, when it comes to money or Bitcoins?

One bank I deal with has 3 factor to log on and then another 3 factor to enable transactions, I like that.

[piranha]

Yeah I don't trust any online wallets  either..  Way to easy for someone rip you off.

[Stunna]

Great advice, will keep this in mind. Have fallen for quite a few scams in my days.

[chemicalbruva]

"My standard password + My throwaway password (backwards, all caps) + &#$%@ + First two sentences of first paragraph of page 19 of my favorite book (include all capitalization and punctuation) + My wife's mother's middle name + My son's favorite superhero + My favorite number times 8734 + food my wife hates (backwards, all caps) + 9-digit number stored with my paper will + 10-character password stored in my safety deposit box + . . . . "

wow you must be in the big leagues!

[Jasmine5002]

Good advice.  Thanks

[phrog]

You can trust some IMO
http://bitcoin-otc.com/trust.php

[MagicBit15]

Great post, you really can never be too cautious!!

[metafever]

The entire bitcoin concept is based off trust.

Otherwise, this is just another Ponzi.

At the very least, you must trust the currency since after all - it really has no real value other than the trust the community places in it.

[zg]

"Please warn people not to purchase Bitcoins from Coinbase.com. It took them 3 days to link to my checking account. Once I was cleared they only allowed me to purchase two bitcoins and posted a message that I would be prevented from purchasing more until delivery of my Bitcoins 5 days later. Today is March 27. Bitcoin is $88. What kind of ish is this?

Be warned people. I regret not following through with my Mt. Gox account. Readers be warned and warn others!

[Zaih]

Yeh, coming from someone who has been gypped multiple times online, this thread is very true!

Thanks for the heads up

[Anenome5]

"Please warn people not to purchase Bitcoins from Coinbase.com. It took them 3 days to link to my checking account. Once I was cleared they only allowed me to purchase two bitcoins and posted a message that I would be prevented from purchasing more until delivery of my Bitcoins 5 days later. Today is March 27. Bitcoin is $88. What kind of ish is this?

Be warned people. I regret not following through with my Mt. Gox account. Readers be warned and warn others!

You have to clear at least one purchase through them before they upgrade your account and let you buy 10 a day or w/e, then 100 a day a month later. All part of their anti-fraud procedures. Not their fault that you were a bit late to the game and the price skyrocketed >_> Also, when delivered the price you get is what you paid on that day for.