Bitcoin Forum
November 19, 2017, 11:22:18 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Perspective and encouraging words needed..  (Read 1188 times)
allincoin
Jr. Member
*
Offline Offline

Activity: 42


View Profile
November 23, 2013, 03:22:11 AM
 #1

I'm sure some have heard that BIPS wallets were breached and coins were stolen.  I'm still trying to deal with the fact that my coins are likely gone forever..  

I've had the foresight to pick winners in the past but finally put my money where my mouth is with bitcoin... I didn't want to be a woulda coulda or a shoulda person anymore..  All my coins were purchased sub $100 per coin.  Do I just eat my losses and put money that I don't really have back in somehow?

  
My losses pale in comparison to what others have lost but just when I thought I finally caught a break the rug is pulled out from underneath you..  FUCK!!
1511090538
Hero Member
*
Offline Offline

Posts: 1511090538

View Profile Personal Message (Offline)

Ignore
1511090538
Reply with quote  #2

1511090538
Report to moderator
1511090538
Hero Member
*
Offline Offline

Posts: 1511090538

View Profile Personal Message (Offline)

Ignore
1511090538
Reply with quote  #2

1511090538
Report to moderator
1511090538
Hero Member
*
Offline Offline

Posts: 1511090538

View Profile Personal Message (Offline)

Ignore
1511090538
Reply with quote  #2

1511090538
Report to moderator
Join ICO Now Coinlancer is Disrupting the Freelance marketplace!
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511090538
Hero Member
*
Offline Offline

Posts: 1511090538

View Profile Personal Message (Offline)

Ignore
1511090538
Reply with quote  #2

1511090538
Report to moderator
1511090538
Hero Member
*
Offline Offline

Posts: 1511090538

View Profile Personal Message (Offline)

Ignore
1511090538
Reply with quote  #2

1511090538
Report to moderator
1511090538
Hero Member
*
Offline Offline

Posts: 1511090538

View Profile Personal Message (Offline)

Ignore
1511090538
Reply with quote  #2

1511090538
Report to moderator
DobZombie
Hero Member
*****
Offline Offline

Activity: 756


TheBitcoinMuseum.com


View Profile
November 23, 2013, 05:11:39 AM
 #2

Are BIPS covering losses?

The Bitcoin Museum is back under my control, but I still need to go through all the code. DO NOT PURCHASE ANYTHING FROM IT

The Biggest Collection of Bitcoin Memorabilia The Bitcoin Museum
Series 2 BitcoinNerd 1g Silver coin thread!
Discount Jewellery! Noella Jean Jewellery



Buy premium Champanges, Spirits & Wines in Australia! My Bitmit Items

Tip Me if you Hate Justin Bieber 1DobZomBiE2gngvy6zDFKY5b76yvDbqRra
allincoin
Jr. Member
*
Offline Offline

Activity: 42


View Profile
November 23, 2013, 05:28:44 AM
 #3

Per Kyle at BIPS all that is left is a few Satoshi's and no one should have trusted them to keep any bitcoins safe.
jojo69
Hero Member
*****
Offline Offline

Activity: 854


no FOMO


View Profile
November 23, 2013, 05:38:19 AM
 #4

online wallets?  really?  still?

1 download armory
2 verify download checksum
3 boot linux live session on airgapped box
4 install armory
5 create cold storage wallet
6 print paper wallet and back up cold storage wallet to USB sticks that will never be inserted into connected computers
7 create "watching only" wallet version and transfer to USB stick that will be inserted into connected computers

we are talking real money folks, time to act like it

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
allincoin
Jr. Member
*
Offline Offline

Activity: 42


View Profile
November 23, 2013, 06:14:25 AM
 #5

I have armory installed and its been syncing for 48 hours now... My laptop barely functions while its running.. I would say my tech savvyness  is certainly above average and some of what you said I have no idea what it means..  I could likely figure it out but the majority of the population certainly can't or wont..   

How can bitcoin be made more user friendly and yet safer for the masses?  We are a long way away from mass adoption without this being resolved.   

We need to find a way to self regulate before governments get involved and make a mess of it.
jojo69
Hero Member
*****
Offline Offline

Activity: 854


no FOMO


View Profile
November 23, 2013, 06:56:46 AM
 #6

I am sorry, I meant to include some encouraging words in my post but forgot as I made my list.  I lost coins in the bitcoinica debacle and I do feel your pain.

Please ask specifically about what you don't understand in my list.

As far as user friendliness, at some point if people want real security they do have to take personal responsibility.  Having money in a big bank may feel safe, for now, but by abdicating the responsibility yourself you have assumed the counterparty risk of trusting the institution.  Look at the recent Cyprus "bail in" situation.

If we want freedom we all have to figure this cryptography stuff out.

I am sure that a superstructure of phone based instant payment technologies will be built on the foundation of bitcoin.  They will be effortless to use.  They will ALWAYS be less secure than creating your key pair from known trusted source code in a known uncompromised computing environment and then NEVER exposing the private key to the internet.  There simply are no two ways around that.

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
allincoin
Jr. Member
*
Offline Offline

Activity: 42


View Profile
November 23, 2013, 07:12:56 AM
 #7

online wallets?  really?  still?

1 download armory
2 verify download checksum
3 boot linux live session on airgapped box
4 install armory
5 create cold storage wallet
6 print paper wallet and back up cold storage wallet to USB sticks that will never be inserted into connected computers
7 create "watching only" wallet version and transfer to USB stick that will be inserted into connected computers

we are talking real money folks, time to act like it

1) Did this
2) is this the sync process?
3) I know of Linux... don't know what live session or an airgapped box is
4) could do this
5) can do this
6) I only have one computer
7) guessing its a feature in Armory?

I certainly believe in personal responsibility and understand that I screwed up by trusting what I thought was a trusted wallet service while I worked on a more secure option (I moved them there from MTGOX about a week prior because I saw so many negative posts and worried they would be compromised and lost)
jojo69
Hero Member
*****
Offline Offline

Activity: 854


no FOMO


View Profile
November 23, 2013, 07:28:54 AM
 #8



1) Did this
2) is this the sync process?
3) I know of Linux... don't know what live session or an airgapped box is
4) could do this
5) can do this
6) I only have one computer
7) guessing its a feature in Armory?

I certainly believe in personal responsibility and understand that I screwed up by trusting what I thought was a trusted wallet service while I worked on a more secure option (I moved them there from MTGOX about a week prior because I saw so many negative posts and worried they would be compromised and lost)

oh boy, OK

2) no, you need to verify that the armory you downloaded is not an imposter and has not been tampered with see https://bitcoinarmory.com/download/ under "Verifying Downloaded Files"  you will need GPG for this and you should verify its checksum when you get it.

3) air gap is slang for a computer that is not connected to the internet; ethernet cable unplugged or radio disabled, preferably hardware disabled.  Live session is an operating system loaded from removable media, either a CD or USB stick that sets it self up in RAM not on the hard drive.  The whole point here is that your private key should never be on the hard drive.  Armory suggests Ubuntu 11.04 I believe

7) that is fine, you just have to figure out the bootable live session and how to be damn sure its not on the internet when you don't want it to be.

what is syncing is bitcoin QT right?  tell me you have bitcoin QT installed

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
kireinaha
Sr. Member
****
Offline Offline

Activity: 350


View Profile
November 23, 2013, 08:20:59 AM
 #9

I guess it`s important for users to always remember certain basics, such as refraining from leaving large amounts in online wallets, and extreme care should be taken when making any transactions with other parties, even when said parties have positive reputations. If something goes awry you will be out of luck with no possibility of chargebacks or other consumer protections.

At least take comfort in the fact that you`re far from the only one who has been cheated in this game. And even if your coins are gone and can never be recovered, you still have your life and your freedom, which is priceless and more than others can say. Well, unless you`re a paraplegic or something, then I`m just sorry, man.

Night gathers, and now my bitcoinwisdom watch begins.
allincoin
Jr. Member
*
Offline Offline

Activity: 42


View Profile
November 23, 2013, 03:39:56 PM
 #10



1) Did this
2) is this the sync process?
3) I know of Linux... don't know what live session or an airgapped box is
4) could do this
5) can do this
6) I only have one computer
7) guessing its a feature in Armory?

I certainly believe in personal responsibility and understand that I screwed up by trusting what I thought was a trusted wallet service while I worked on a more secure option (I moved them there from MTGOX about a week prior because I saw so many negative posts and worried they would be compromised and lost)

oh boy, OK

2) no, you need to verify that the armory you downloaded is not an imposter and has not been tampered with see https://bitcoinarmory.com/download/ under "Verifying Downloaded Files"  you will need GPG for this and you should verify its checksum when you get it.

3) air gap is slang for a computer that is not connected to the internet; ethernet cable unplugged or radio disabled, preferably hardware disabled.  Live session is an operating system loaded from removable media, either a CD or USB stick that sets it self up in RAM not on the hard drive.  The whole point here is that your private key should never be on the hard drive.  Armory suggests Ubuntu 11.04 I believe

7) that is fine, you just have to figure out the bootable live session and how to be damn sure its not on the internet when you don't want it to be.

what is syncing is bitcoin QT right?  tell me you have bitcoin QT installed

Bitcoin QT is installed..  then I read about Armory... which can't be run at the same time..  The "syncing" is downloading all the transaction history then scanning that history I let it run on the windows laptop to see what its all about...  All 3 of my coins were stolen so I don't have anything to protect at the moment..  PS every time I open my phone and see the new MTGOX price app I can't help but think about how I'm going to fund getting more coins again. 
jojo69
Hero Member
*****
Offline Offline

Activity: 854


no FOMO


View Profile
November 23, 2013, 04:35:46 PM
 #11

OK, I just want to make sure we are on the same page

I have it set up where I can run them at the same time so I don't know about your case specifically.  Is armory giving you an progress bar?  Getting the blockchain up to date on your online harddrive is a time consuming step, but you can get your Ubuntu live media downloaded and burnt to CD or bootable USb in the meantime, also look up GPG and how to verify its MD5 or SHA1 checksum.

I think you may well have another entry point in the 400s or 500s before it is all over as far as getting new coins.

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 23, 2013, 04:47:36 PM
 #12

I have armory installed and its been syncing for 48 hours now... My laptop barely functions while its running.. I would say my tech savvyness  is certainly above average and some of what you said I have no idea what it means..

This is a good thing, not a bad thing. It's a learning opportunity, use the savvy you perceive in yourself to approach it well and gracefully, rather than to complain. It'll be hard, but it won't be anything like watching your possessions slip through your fingers because ultimately you didn't know how to grip.

I could likely figure it out but the majority of the population certainly can't or wont..  

How can bitcoin be made more user friendly and yet safer for the masses?  We are a long way away from mass adoption without this being resolved.  

Bitcoin is not for the masses. Great things are for those who can responsibly understand, appreciate, and use them.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
jojo69
Hero Member
*****
Offline Offline

Activity: 854


no FOMO


View Profile
November 23, 2013, 04:49:30 PM
 #13

Hey there MPOE-PR, good to see you

how is your employer holding up?

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
jojo69
Hero Member
*****
Offline Offline

Activity: 854


no FOMO


View Profile
November 23, 2013, 05:00:27 PM
 #14

oh, not that I know of

but great wealth can be dangerous on a number of levels

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 23, 2013, 09:21:44 PM
 #15

Hey there MPOE-PR, good to see you

how is your employer holding up?

Howdy.

Mr. P seems to be doin' just fine.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
kireinaha
Sr. Member
****
Offline Offline

Activity: 350


View Profile
November 24, 2013, 12:28:34 AM
 #16

It`s wonderful to have the input of a professional bitcoin scammer such as MPOE-PR on this thread. Is this some kind of `Learn how to protect your home from reformed criminals` thing?

Night gathers, and now my bitcoinwisdom watch begins.
btc4ever
Sr. Member
****
Offline Offline

Activity: 419


View Profile
November 24, 2013, 12:47:52 AM
 #17

Why is anyone still using an online wallet?    Talk about the definition of insanity.

1) http://bitaddress.org.  Click Paper Wallet.
2) Print, Fund, hide, and get on with life.

1a) disconnect computer from internet if you are paranoid.


Psst!!  Wanna make bitcoin unstoppable? Why the Only Real Way to Buy Bitcoins Is on the Streets. Avoid banks and centralized exchanges.   Buy/Sell coins locally.  Meet other bitcoiners and develop your network.   Try localbitcoins.com or find or start a buttonwood / satoshi square in your area.  Pass it on!
TheFootMan
Hero Member
*****
Offline Offline

Activity: 490


View Profile
November 24, 2013, 04:55:56 AM
 #18

I'm sure some have heard that BIPS wallets were breached and coins were stolen.  I'm still trying to deal with the fact that my coins are likely gone forever..  

I've had the foresight to pick winners in the past but finally put my money where my mouth is with bitcoin... I didn't want to be a woulda coulda or a shoulda person anymore..  All my coins were purchased sub $100 per coin.  Do I just eat my losses and put money that I don't really have back in somehow?

  
My losses pale in comparison to what others have lost but just when I thought I finally caught a break the rug is pulled out from underneath you..  FUCK!!

The perspective I can give is that a man that is able to see an opportunity once, is able to see it twice. And also the fact that you never fail until you stop trying.

Why is anyone still using an online wallet?    Talk about the definition of insanity.

Although the smartness of storing coins at an online wallet can be discussed, the man came here for empathy, understanding and perspective. How would you feel if you fucked up, lost a lot of stuff that's valuable to you, and you get thrown in the face that your ways are insane? Sure - if you never have coins stored at online exchanges, you might never lose a coin - but what if your fav exchange got hacked or shut down, and you happened to have coins there? It wouldn't matter if you always instantly transferred coins out, if in the window you had them there, the service got shut down.

Of course cold wallets and at least 2 FA when dealing with online sites is the way to go. But there's nothing wrong with showing an ounce of sympathy either.
MPOE-PR
Hero Member
*****
Offline Offline

Activity: 756



View Profile
November 24, 2013, 11:15:45 AM
 #19

It`s wonderful to have the input of a professional bitcoin scammer such as MPOE-PR on this thread. Is this some kind of `Learn how to protect your home from reformed criminals` thing?

No, this is a learn how to read thing.

Although the smartness of storing coins at an online wallet can be discussed, the man came here for empathy, understanding and perspective. How would you feel if you fucked up, lost a lot of stuff that's valuable to you, and you get thrown in the face that your ways are insane? Sure - if you never have coins stored at online exchanges, you might never lose a coin - but what if your fav exchange got hacked or shut down, and you happened to have coins there? It wouldn't matter if you always instantly transferred coins out, if in the window you had them there, the service got shut down.

Of course cold wallets and at least 2 FA when dealing with online sites is the way to go. But there's nothing wrong with showing an ounce of sympathy either.

Nothing wrong with showing an ounce of sympathy. That doesn't mean that the focal point of learning the necessity of sane practices is at all affected, tho'. It's the focal point, regardless of how anybody feels.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use bitcointa.lk, it's like this one but better.
Pages: [1]
  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!