Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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December 27, 2011, 10:46:09 PM |
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It's not 100% safe, but large BTC numbers go into my vault in a pristine VMWare Virtual Machine (with backup to DVD ROM). The small change from mining goes into the regular wallet on the host OS.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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jjzm
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Activity: 31
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December 27, 2011, 11:30:41 PM |
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Mentally noted, thanks for the information!
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DmanX
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December 29, 2011, 06:13:38 AM |
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I use a Linux on USB sticks with persistence to store and transact bitcoins. Using Linux Mint 11. It's a little slower than a HDD but not by much. And it's portable so I can transact just about anywhere provided that the host machine can boot from USB.
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zainab783
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December 30, 2011, 03:22:20 PM |
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good sharing so thanks for it
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zerostate976
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December 30, 2011, 11:09:52 PM |
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very good read
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NeedMyWithdrawal
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Activity: 5
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December 31, 2011, 09:33:03 PM |
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Good advice. I learned my lesson from BTConTilt. This is the wild west--there's little accountability, and everyone's looking to make money.
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epbaha
Member
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Activity: 82
Merit: 10
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January 01, 2012, 03:52:32 AM |
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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. Don't trust dacoinminster.  |
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hardpick
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January 01, 2012, 06:17:55 AM |
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thanks for the information
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Uncle Scrooge
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Activity: 111
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January 01, 2012, 10:01:15 PM |
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Stay vigilant don't get complacent.
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jorlowitz
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Activity: 8
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January 02, 2012, 09:25:38 PM |
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Don't trust the exchanges. That's such useful advice. Bitcoin cannot be dependent on any third-party. Liquidity is great, but not at the expense of the community's robustness.
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devoblackflag
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January 05, 2012, 06:57:07 AM |
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thanks for the info!
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BillGalaxy
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Activity: 43
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January 06, 2012, 02:06:08 AM |
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get trusted !
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S. Omega
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Activity: 38
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January 06, 2012, 01:24:51 PM |
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Is this not called common sense?
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shawnp0wers
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Activity: 19
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January 07, 2012, 05:57:12 PM |
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I'm trustworthy... No really.  |
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user97834
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Activity: 12
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January 08, 2012, 02:13:32 PM |
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It's unfortunate that we live in a world where you can't trust anyone anymore. You just have to be cautious. Bitcoin is no different than anything else in the real world.
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qwertyegg
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January 09, 2012, 02:26:34 AM |
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I cannot agress you more lol |
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sherlockman
Newbie
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Activity: 6
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January 09, 2012, 08:19:44 PM |
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Mybitcoin, bitcoin7, bitcoin.pl and all the other scammers.
Never trust your coins to anyone.
In BTC world there are no chargebacks like with FreakPal
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Oracle24
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January 10, 2012, 02:52:05 AM |
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Good to know.
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blandead
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January 11, 2012, 05:31:13 AM |
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So if you have your wallet encrypted with new method provided in new bitcoin client, and even put the datadir on an external drive that you power off/on only when you need to use the wallet. That is pretty safe right?
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Hexadecibel
Human Intranet Liason
VIP
Hero Member
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Activity: 571
Merit: 504
I still <3 u Satoshi
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January 13, 2012, 06:18:29 AM |
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So if you have your wallet encrypted with new method provided in new bitcoin client, and even put the datadir on an external drive that you power off/on only when you need to use the wallet. That is pretty safe right?
I have my main bitcoin savings wallet on a Virtual Machine running Ubuntu. The VM runs on an external SSD. I make transfers to this wallet once a month. The rest of the time the ssd is locked up in my safe deposit box in an ati-static bag. I keep two discs on hand with my backup encrypted .dat files. my encryption pass-phrase is written down, and I keep that in my safe deposit box just in case I forget, or I get hit by a bus. |
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