Bitcoin Forum
December 04, 2016, 08:30:44 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Ben Bernanke made a statement about bitcoin today  (Read 2957 times)
Astrohacker
Full Member
***
Offline Offline

Activity: 156



View Profile WWW
August 05, 2011, 01:52:50 AM
 #1

He lost 10,000 BTC in the MyBitcoin scandal. From now on he's going to use the standard client, and encrypt the wallet.dat with truecrypt, and back it up on Dropbox. And he's looking into deterministic private keys. That might be the safest way to save his horde.
1480883444
Hero Member
*
Offline Offline

Posts: 1480883444

View Profile Personal Message (Offline)

Ignore
1480883444
Reply with quote  #2

1480883444
Report to moderator
1480883444
Hero Member
*
Offline Offline

Posts: 1480883444

View Profile Personal Message (Offline)

Ignore
1480883444
Reply with quote  #2

1480883444
Report to moderator
1480883444
Hero Member
*
Offline Offline

Posts: 1480883444

View Profile Personal Message (Offline)

Ignore
1480883444
Reply with quote  #2

1480883444
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
stick_theman
Sr. Member
****
Offline Offline

Activity: 372


View Profile
August 05, 2011, 01:54:14 AM
 #2

Whenever Ben opens his mouth, markets drops.  So, that's why.
nhodges
Sr. Member
****
Offline Offline

Activity: 308


View Profile
August 05, 2011, 02:00:48 AM
 #3

He lost 10,000 BTC in the MyBitcoin scandal. From now on he's going to use the standard client, and encrypt the wallet.dat with truecrypt, and back it up on Dropbox. And he's looking into deterministic private keys. That might be the safest way to save his horde.

I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.

BidBitcoins
Jr. Member
*
Offline Offline

Activity: 42


View Profile WWW
August 05, 2011, 02:02:30 AM
 #4

He lost 10,000 BTC in the MyBitcoin scandal. From now on he's going to use the standard client, and encrypt the wallet.dat with truecrypt, and back it up on Dropbox. And he's looking into deterministic private keys. That might be the safest way to save his horde.

It would be great to see the Onion do this one

http://bidbitcoins.com - Auctions where you can Bid & Sell in Bitcoin
thomkaufmann
Jr. Member
*
Offline Offline

Activity: 51


View Profile
August 05, 2011, 02:09:19 AM
 #5

I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.

I'm surprised more people aren't using wuala (wuala.com) considering it uses client-side encryption and isn't based in the US.
twobits
Sr. Member
****
Offline Offline

Activity: 336

Firstbits: 1a6taw


View Profile
August 05, 2011, 02:22:14 AM
 #6

I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.

I'm surprised more people aren't using wuala (wuala.com) considering it uses client-side encryption and isn't based in the US.


Indeed,  and you can even pay them with bitcoins!

TraderTimm
Legendary
*
Offline Offline

Activity: 1652



View Profile
August 05, 2011, 02:53:34 PM
 #7

Bernanke must be proud of the post-POMO market rout going on right now. Of course, after everyone opens up their 401k statements and have a collective heart attack, I'm sure QE <insert number> will be back on the table.

Monetary insanity...

fortitudinem multis - catenum regit omnia
hugolp
Hero Member
*****
Offline Offline

Activity: 742



View Profile
August 05, 2011, 03:00:40 PM
 #8

I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.

I'm surprised more people aren't using wuala (wuala.com) considering it uses client-side encryption and isn't based in the US.

Im surprised people just dont use cd's.
GeniuSxBoY
Hero Member
*****
Offline Offline

Activity: 546



View Profile
August 05, 2011, 04:02:13 PM
 #9

I would not store wallet.dat in Dropbox: http://venturebeat.com/2011/06/21/dropbox-files-left-unprotected-for-four-hours-due-to-software-bug/

I would definitely call that a big "Whoops", considering people ARE using it to store things like financial data, legal forms, and more. Dropbox is GREAT for file sharing, but I would never place anything sensitive there.

I'm surprised more people aren't using wuala (wuala.com) considering it uses client-side encryption and isn't based in the US.

Im surprised people just dont use cd's.


cds nuts?
bitplane
Sr. Member
****
Offline Offline

Activity: 321

Firstbits: 1gyzhw


View Profile WWW
August 05, 2011, 04:18:48 PM
 #10

People can have my encrypted content in dropbox, they'll be brute-forcing it until the end of the universe.
jackjack
Hero Member
*****
Offline Offline

Activity: 868


May Bitcoin be touched by his Noodly Appendage


View Profile
August 05, 2011, 04:20:47 PM
 #11

People can have my encrypted content in dropbox, they'll be brute-forcing it until the end of the universe.
Same here

Own address: 19QkqAza7BHFTuoz9N8UQkryP4E9jHo4N3 - Pywallet support: 1AQDfx22pKGgXnUZFL1e4UKos3QqvRzNh5 - Bitcointalk++ script support: 1Pxeccscj1ygseTdSV1qUqQCanp2B2NMM2
Pywallet: instructions. Encrypted wallet support, export/import keys/addresses, backup wallets, export/import CSV data from/into wallet, merge wallets, delete/import addresses and transactions, recover altcoins sent to bitcoin addresses, sign/verify messages and files with Bitcoin addresses, recover deleted wallets, etc.
nhodges
Sr. Member
****
Offline Offline

Activity: 308


View Profile
August 05, 2011, 06:01:50 PM
 #12

People can have my encrypted content in dropbox, they'll be brute-forcing it until the end of the universe.

Really? See link above. I don't think Dropbox has been probed to the fullest extent and the way you can extremely easily share files is what behooves me to not store ANYTHING there that I would want easily shared.

bitplane
Sr. Member
****
Offline Offline

Activity: 321

Firstbits: 1gyzhw


View Profile WWW
August 05, 2011, 07:13:54 PM
 #13

People can have my encrypted content in dropbox, they'll be brute-forcing it until the end of the universe.

Really? See link above. I don't think Dropbox has been probed to the fullest extent and the way you can extremely easily share files is what behooves me to not store ANYTHING there that I would want easily shared.
I don't care, it's encrypted with a password that is twice as long as this sentence. I can host it in public, nobody's going to get in without knowing my ridiculously long and convoluted password.
Raize
Donator
Legendary
*
Offline Offline

Activity: 1374


View Profile
August 05, 2011, 07:37:52 PM
 #14

I don't care, it's encrypted with a password that is twice as long as this sentence. I can host it in public, nobody's going to get in without knowing my ridiculously long and convoluted password.

It bothers me that there are people that don't understand just how secure and easy Dropbox + Truecrypt is. EVERYONE should be doing this, and no one should be using online wallet sites, anymore. I just wish someone would make a Bitcoin client that didn't require 1 gig of space and let you set transaction fees lower than .01.

OrganofCorti's Neighbourhood Pool Watch - The most informative website on blockchain health
Litt
Sr. Member
****
Offline Offline

Activity: 350


View Profile
August 06, 2011, 01:37:42 AM
 #15

truecrypt with plausible deniability 2 way encrypted and stored on a cd, a secured usb, gmail, and amazon. Password is insane to the membrane.

Everyone needs to do something similar imo. Only using android client for tiny daily amounts or mtgox for wallet type service for now for me. Never needed anything else.
willphase
Hero Member
*****
Offline Offline

Activity: 770


View Profile
August 06, 2011, 09:50:49 AM
 #16

I don't care, it's encrypted with a password that is twice as long as this sentence. I can host it in public, nobody's going to get in without knowing my ridiculously long and convoluted password.

It bothers me that there are people that don't understand just how secure and easy Dropbox + Truecrypt is. EVERYONE should be doing this, and no one should be using online wallet sites, anymore. I just wish someone would make a Bitcoin client that didn't require 1 gig of space and let you set transaction fees lower than .01.

If you mostly pay into your wallet e.g. from mining then there's no real need to use a full client and wallet.dat. I haven't loaded the bitcoin current in weeks and instead check my balance from blockexplorer using my android app. In fact the last time I loaded the client it just reminded me how annoying it is to have to wait for the blockchain to download just to view your balance.

Will

Reacon
Newbie
*
Offline Offline

Activity: 25



View Profile WWW
August 06, 2011, 10:15:17 AM
 #17

Why not use Spideroak instead of an iffy service like Dropbox?
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!