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Author Topic: Who is crazy enough?  (Read 1399 times)
RoxxR (OP)
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January 24, 2014, 09:32:49 AM
 #1

I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm
empoweoqwj
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January 24, 2014, 09:38:53 AM
 #2

I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm

Who told you to spread your BTC across several wallets? Just means you will end up putting less effort into securing each one properly, and therefore increase risk of loss
anti-scam
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January 24, 2014, 10:21:53 AM
 #3

I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm

Who told you to spread your BTC across several wallets? Just means you will end up putting less effort into securing each one properly, and therefore increase risk of loss

I think he means several addresses, which is actually a good idea.

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davida
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January 24, 2014, 11:02:03 AM
 #4

My guess, it's probably someone with a lot more that 36,000 btc....
guybrushthreepwood
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January 24, 2014, 11:07:26 AM
 #5

I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm


It's up to you how you store them. If you're supersafe then one is fine, but if you're not then loads of addresses will probably be at risk.
empoweoqwj
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January 24, 2014, 12:25:46 PM
 #6

I keep reading advice on how to spread your BTC across several wallets, to decrease the risk of any of them getting hacked.  So can you explain why someone would be crazy enough to put 36,000 BTC in ONE address, as this just happened??

https://blockchain.info/address/1HiLGVR7T8siQVs4X5hSdWx15C5mW2JtSm

Who told you to spread your BTC across several wallets? Just means you will end up putting less effort into securing each one properly, and therefore increase risk of loss

I think he means several addresses, which is actually a good idea.

Yeah, that's a completely different topic, and definitely a good idea.
manobra
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January 24, 2014, 12:33:57 PM
 #7

When you have just 0.00001 Bitcoin, You feel secure by just encrypting your wallet....

But when you have 36.000 Bitcoins, you will never feel secured...

Actually, you will not be able to sleep... Grin

The best u could be doing, is to Buy a laptop without internet connection, running Linux. Save your wallet there.

Or hire a programmer to develop a System that will spread your Bitcoins in several addrresses being impossible to group it again by a person.


hilariousandco
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January 24, 2014, 03:16:25 PM
 #8

When you have just 0.00001 Bitcoin, You feel secure by just encrypting your wallet....

But when you have 36.000 Bitcoins, you will never feel secured...

Actually, you will not be able to sleep... Grin

The best u could be doing, is to Buy a laptop without internet connection, running Linux. Save your wallet there.

Or hire a programmer to develop a System that will spread your Bitcoins in several addrresses being impossible to group it again by a person.




The best thing would be to keep them off a computer all together. If you have many encrypted offline backs-ups then that will be fine.

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January 25, 2014, 12:18:40 AM
 #9

It is a good idea to spread if you prefer less probability of loosing it all
over
more probability of loosing a part of it.

My choice is always: paper/brainwallets quite spread.

{ Imagine a sequence of bits generated from the first decimal place of the square roots of whole integers that are irrational numbers. If the decimal falls between 0 and 5, it's considered bit 0, and if it falls between 5 and 10, it's considered bit 1. This sequence from a simple integer count of contiguous irrationals and their logical decimal expansion of the first decimal place is called the 'main irrational stream.' Our goal is to design a physical and optical computing system system that can detect when this stream starts matching a specific pattern of a given size of bits. bitcointalk.org/index.php?topic=166760.0 } Satoshi did use a friend class in C++ and put a comment on the code saying: "This is why people hate C++".
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