Bitcoin Forum
December 10, 2016, 10:58:09 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 ... 115 »
  Print  
Author Topic: Trust No One  (Read 143222 times)
Kazimir
Legendary
*
Offline Offline

Activity: 1036



View Profile
June 14, 2012, 12:22:51 PM
 #481

I think bc is the safest way to buy sth on the internet atm.
Safest as in most anonymous, untraceable, hack-proof: yes.

However don't forget you have to trust the seller. There is no such thing as chargebacks or fraudulent payments anymore with Bitcoin. This is a good thing, but you'll have to trust a seller won't run off with your coins and never deliver the product. Any serious company or business or salesperson who is just interested in doing good online business will of course never consider to pull off crap like that (it will instantly ruin their credibility and trustworthiness) but keep it in mind when dealing with unknown individuals who have no reputation whatsoever.

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
1481367489
Hero Member
*
Offline Offline

Posts: 1481367489

View Profile Personal Message (Offline)

Ignore
1481367489
Reply with quote  #2

1481367489
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
jcdf
Newbie
*
Offline Offline

Activity: 14


View Profile
June 14, 2012, 08:22:45 PM
 #482

.
Jim Rockford
Newbie
*
Offline Offline

Activity: 20


Jim, it's Norma at the market - it bounced.


View Profile
June 14, 2012, 08:43:43 PM
 #483

.

-
BoardGameCoin
Sr. Member
****
Offline Offline

Activity: 283



View Profile
June 14, 2012, 09:05:19 PM
 #484

_

I'm selling great Minion Games like The Manhattan Project, Kingdom of Solomon and Venture Forth at 4% off retail starting June 2012. PM me or go to my thread in the Marketplace if you're interested.

For Settlers/Dominion/Carcassone etc., I do email gift cards on Amazon for a 5% fee. PM if you're interested.
Kazimir
Legendary
*
Offline Offline

Activity: 1036



View Profile
June 14, 2012, 09:23:37 PM
 #485

—  Cool

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
MoinCoin
Full Member
***
Offline Offline

Activity: 182



View Profile
June 14, 2012, 11:54:17 PM
 #486

XoP

I'm careful - problem with bitcoins sitting in my wallet i miss earning opportunities.
I try to split my btc and to lower the risk.
gensen
Member
**
Offline Offline

Activity: 108



View Profile WWW
June 15, 2012, 12:00:47 AM
 #487

I think that are as many SCAMM exchangers as SCAMM CUSTOMERS


https://bitcointalk.org/index.php?topic=67004.msg963808#msg963808

https://bitcointalk.org/index.php?topic=64782.msg902539#msg902539


year try to select carefull who you deal whit Look out exchangers and Customers

Real G&G Exchange Buy, Sell Bitcoin and Litecoin www.btctotal.com
resjf
Newbie
*
Offline Offline

Activity: 1


View Profile
June 15, 2012, 12:25:25 AM
 #488

mtgox froze my account even though i scanned my passport/bill like they said to.  now they went me to get my stuff notarized and sent to japan.  f that I'm gonna become a notary and notarize it myself, fly to japan and take a dump in their lobby. 
Nolybab
Newbie
*
Offline Offline

Activity: 26



View Profile
June 16, 2012, 02:46:02 AM
 #489

Newbies: Trust No One (especially yourselves)...first thing I would recommend to any true bitcoin noob would be to first do some research, then download and install the client. After that, go to a few sites that offer free 'bits' that out there...then you can practice backing up your wallet, making archive copies, restoring your wallet on a another computer, sending bitcoins to yourself by creating new account keys, etc..this way, if you mess up, you only lose a few bits that were free to begin with.

also, if you think you're going to be anonymous with bitcoin, think again. even going to a free site that sends you coins, they track your IP, some have you sign in with your google account (and gain access to your email address), etc., etc..so if you think you're going to go onto silk road and get your party on, you'd better slow down and do your research.

so yeah, don't trust anyone, and until you know what you're doing, don't trust yourself. Smiley

we're not late to the party, we're just in time for the true revolution!

also, dacoinminster, i read your "second white paper"...although the title is a bit presumptuous, the overall idea has much merit. good work...
CoinDiner
Newbie
*
Offline Offline

Activity: 28



View Profile
June 16, 2012, 03:11:14 PM
 #490

Hi

OK so a real noob question!


Why cant I just store my encrypted wallet on a portable drive and stash it somewhere totally offline

that way only I know where it is

---           There's always 1406F40 hacks to let the light in           ---          ---            1LnfUeVBMFfXH1B8pUHjgj2CCdphtA5Ef9                    ---
Kazimir
Legendary
*
Offline Offline

Activity: 1036



View Profile
June 17, 2012, 04:06:01 PM
 #491

Hi

OK so a real noob question!


Why cant I just store my encrypted wallet on a portable drive and stash it somewhere totally offline

that way only I know where it is
From the HOWTO: create a 100% secure wallet topic:

you also have to make sure that you have at least one, preferably multiple remote backups somewhere (otherwise, what happens if your house burns down?) and any backup must be encrypted as well (otherwise, what happens if the remote backup location gets hacked / confiscated by the feds / stolen by a fraudulent employee / etc?)

Furthermore, at some point you will want to use the wallet or spend the coins. When you do so, make sure that:

Quote
you only insert the USB stick in a computer that is guaranteerd free from malware/virus/spyware/keyloggers/trojans/etc (or at least whenever you actually enter your password to unlock the wallet and confirm any payments)

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
HonorMe
Newbie
*
Offline Offline

Activity: 28



View Profile
June 17, 2012, 04:46:52 PM
 #492

Thank you for this sound advice Smiley
CoinDiner
Newbie
*
Offline Offline

Activity: 28



View Profile
June 18, 2012, 03:46:29 PM
 #493

Thanks Kazimir

I would probaly boot from a livecd then and not have to worry about virus and stuff

Hi

OK so a real noob question!


Why cant I just store my encrypted wallet on a portable drive and stash it somewhere totally offline

that way only I know where it is
From the HOWTO: create a 100% secure wallet topic:

you also have to make sure that you have at least one, preferably multiple remote backups somewhere (otherwise, what happens if your house burns down?) and any backup must be encrypted as well (otherwise, what happens if the remote backup location gets hacked / confiscated by the feds / stolen by a fraudulent employee / etc?)

Furthermore, at some point you will want to use the wallet or spend the coins. When you do so, make sure that:

Quote
you only insert the USB stick in a computer that is guaranteerd free from malware/virus/spyware/keyloggers/trojans/etc (or at least whenever you actually enter your password to unlock the wallet and confirm any payments)

---           There's always 1406F40 hacks to let the light in           ---          ---            1LnfUeVBMFfXH1B8pUHjgj2CCdphtA5Ef9                    ---
KajiMaster
Member
**
Offline Offline

Activity: 76


View Profile
June 19, 2012, 06:14:58 AM
 #494

The whole stash your wallet on a SDcard is my method of securing my investment.  I have my "Bank Stash" address for the wallet that is on a ext4 file system formated onto a Virtual HD and stored in TrueEncrypt file and saved on a MicroSD card which is stashed in my safe. I make deposits to it every time I buy bitcoins or make a profit from gambling or other ventures and it has provided the perfect safe haven.  I also use the LiveCD idea that was mentioned but through a VM.

KajiMaster

If you like my post please donate! Me love you long time Smiley
1Nnc1eJkDpJV6HsSBJV2F4eAZoDJoKq5re

Be one of us and -=Join The Pyramid=-
http://bitcoinpyramid.com/r/2717

Buying & Selling Bitcoin For CA$H in the Kansas City area!
Buy: https://localbitcoins.com/ad/4023/
Sell: https://localbitcoins.com/ad/4025/
ALOIS
Jr. Member
*
Offline Offline

Activity: 33


View Profile
June 19, 2012, 05:38:26 PM
 #495

Why not to trust Anti-Virus Software? It is the wizard that keeps hackers out of our computers.
billybob
Newbie
*
Offline Offline

Activity: 5


View Profile
June 19, 2012, 07:10:17 PM
 #496

Very interesting stuff.
LioMori
Newbie
*
Offline Offline

Activity: 6


View Profile
June 20, 2012, 12:07:55 PM
 #497

Seriously. Don't trust the exchanges, don't trust online wallet services, don't trust your anti-virus software, and don't trust anybody online.

If you absolutely must trust someone with your bitcoins, for the love, choose carefully!

  • Do you know their full name?
  • Do you know where they are located?
  • Have they demonstrated trustworthiness in the past?
  • Are they asking you to trust them? (red flag)
  • Do they have insurance?

Insurance? Impossible, you say. Not so!

When I needed people to trust me to hold bitcoins for a contest, I deposited 50 bitcoins as a bond with a well-respected forum member, so that even if I did something stupid and lost people's money, they would still be reimbursed. You can read about it here: http://bitcointalk.org/index.php?topic=10008.0

Consider carefully who you will trust. With bitcoins, elaborate scams may be profitable. For instance, someone may develop trust for their user name over many months with small transactions on this forum, then take advantage of that trust to make off with a lot of money. Such a scam would only be worth doing on this forum. No other forum in the world would be worth the effort.

If you want someone to hold your bitcoins for you, there are NO online services that have the transparency and security to make me comfortable using them for storing bitcoins for more than a short time in small amounts. The only way to do it is like I did - choose someone whom you believe to be trustworthy, and approach them. If they approach you, or in any way say or insinuate that they are a trustworthy person to hold your coins, STAY AWAY.

If you are thinking that I might not be trustworthy, since I am writing this post about the issue, you are approaching the appropriate level of paranoia.

If you want to store your bitcoins with maximum security, there are lots of resources about how to do it, such as this: https://en.bitcoin.it/wiki/Securing_your_wallet

Here's my summary:

1. Put all your coins in a new wallet that has never connected to the network
2. Encrypt that wallet with the maximum security you can find, using the most secure password you can keep track of
3. Delete the plaintext wallet, and distribute the encrypted wallet to every piece of physical media you own, store it online, and send it to several people you trust

Don't think you can generate and remember a secure enough password? Create a super-long password, and store clues to help you remember it. For instance, your password clue file might say:

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 + . . . .

You can go on in this way to create as long a password as you want. Store this password clue file with your encrypted wallet, and optionally encrypt both with a simple standard password to keep out snoopers.

In this way, not only can you recover your coins from your "savings account" at a later date, if you get hit by a chicken truck tomorrow and die, your loved ones can probably piece together your password and recover the coins too (better make sure you trust them, and that between them they have or can get the answers to those clues).

I recommend that you practice your wallet encryption and recovery a few times with a small number of coins, until you are very comfortable with the process before you try it with the bulk of your savings.

And remember, this is how most bitcoins services get started:

https://lh3.googleusercontent.com/-lgm4poF3JWE/TgsHwby-BlI/AAAAAAAADwQ/twan94HT6p4/020.jpg

Comic from: http://bitcointalk.org/index.php?topic=13903.0

My grandma used to tell me almost the same thing!! Well... except for the stuff related with bitcoin. She would love bitcoins, i'm sure.
Dr3AM$cAp3
Member
**
Offline Offline

Activity: 80



View Profile
June 20, 2012, 08:57:06 PM
 #498

Thanks for the info!

New to the game, too much to learn.
Smiley OD, sarcasm implied.
bvahaha
Newbie
*
Offline Offline

Activity: 8



View Profile
June 21, 2012, 05:59:48 AM
 #499

very usefull, thanks a lot )
BunzLee
Newbie
*
Offline Offline

Activity: 3


View Profile
June 21, 2012, 09:40:05 AM
 #500

Thanks a lot. Better be safe than sorry.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 [25] 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 ... 115 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!