Bitcoin Forum
December 09, 2016, 01:57:48 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [Method] P2P Savings Account  (Read 591 times)
Anonymous
Guest

August 31, 2011, 01:35:42 PM
 #1

Let's say you have an excellent piece of media that is highly sought after on the web whether it be a book, movie or otherwise. In your other hand, you have your Bitcoin wallet: a small digital file with the private address(es) to all of your funds. It's well encrypted with a high-grade algorithm that can only be opened by a password you possess.

So, you take the wallet and you merge it within the piece of media while possibly obscuring it. You upload the media onto a mainstream torrent tracker such as The Pirate Bay and watch as your savings are distributed throughout various hard drives and mediums on the web. Assuming the torrent is popular and remains to be so, your savings are guaranteed recovery by as many seeders your media torrent may have.

Say you lose your wallet file on your current computer: You simply redownload the media, unpackage it and unencrypt it then your funds will be made available.

The only two risks I can imagine are that 1) if your password is weak or your file is improperly encrypted then you could find your funds stolen by any perpetrator out of possibly thousands -- like there is any chance to identify a lone suspect anyways, haha. In addition to 2), there is the risk of the torrent dying and losing all seeders but can be mitigated by various "marketing tactics", if you will.

Allow me to hear your thoughts. Is this method viable?
1481291868
Hero Member
*
Offline Offline

Posts: 1481291868

View Profile Personal Message (Offline)

Ignore
1481291868
Reply with quote  #2

1481291868
Report to moderator
1481291868
Hero Member
*
Offline Offline

Posts: 1481291868

View Profile Personal Message (Offline)

Ignore
1481291868
Reply with quote  #2

1481291868
Report to moderator
1481291868
Hero Member
*
Offline Offline

Posts: 1481291868

View Profile Personal Message (Offline)

Ignore
1481291868
Reply with quote  #2

1481291868
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481291868
Hero Member
*
Offline Offline

Posts: 1481291868

View Profile Personal Message (Offline)

Ignore
1481291868
Reply with quote  #2

1481291868
Report to moderator
1481291868
Hero Member
*
Offline Offline

Posts: 1481291868

View Profile Personal Message (Offline)

Ignore
1481291868
Reply with quote  #2

1481291868
Report to moderator
1481291868
Hero Member
*
Offline Offline

Posts: 1481291868

View Profile Personal Message (Offline)

Ignore
1481291868
Reply with quote  #2

1481291868
Report to moderator
RaTTuS
Hero Member
*****
Offline Offline

Activity: 792


Bite me


View Profile
August 31, 2011, 01:44:25 PM
 #2

viable - yes
practical - yes
... you can keep seeding it from your own machine and your parents ...
as long as you know what it is your are looking for ... no problem...  Wink

In the Beginning there was CPU , then GPU , then FPGA then ASIC, what next I hear to ask ....

1RaTTuSEN7jJUDiW1EGogHwtek7g9BiEn
elggawf
Sr. Member
****
Offline Offline

Activity: 308



View Profile
August 31, 2011, 01:51:07 PM
 #3

http://en.wikipedia.org/wiki/Steganography

^_^
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!