BTC security rule Nr.1, keep the coins only on own environment

[Corelianer]

After the "News" from Gox, I don't know how many times we where reading about stolen Bitcoins.
I think it was dozends of times. And the people don't learn nothing. They still keep most of their Coins on the Exchanges to make a quick buck and then get robbed entirely because they forgott about security rule Nr. 1.

Keep the Bitcoins on your own Environment. Cold storage that can easily be managed by Armory for example. Download Armory only from trusted sources, use checksum tools to make sure the software was not compromized. Do that once and you don't have to do it ever again.

Everthing else than the highes security standard is worthless if criminal minds play.

You will likely loose everything. There are plenty of examples.

[InCoinsITrust]

Totaly agree to this

[Holliday]

If you aren't the sole controller of your private keys, you don't have any bitcoins.

[TheFootMan]

You're much right in this!

[h3rlihy]

And never just leave your coins sitting on an exchange (don't see why people do this, withdraw to your damn wallets fools!)

[byt411]

If you aren't the sole controller of your private keys, you don't have any bitcoins.

You also must ensure that you ARE the sole controller of your private keys.

[waldox]

you must control your own coins with your own private keys
dont put any coins you cant afford to lose on exchanges
this lesson will strike again, it happens every couple of weeks

[byt411]

you must control your own coins with your own private keys
dont put any coins you cant afford to lose on exchanges
this lesson will strike again, it happens every couple of weeks

Not just exchanges, it also includes online wallets.

[byt411]

If you aren't the sole controller of your private keys, you don't have any bitcoins.

You also must ensure that you ARE the sole controller of your private keys.

Yes, that is kind of baked into my statement. You are just saying it a different way.

Problem is that, some people think that by creating an online wallet and exporting the private key that means he is safe...
Especially if he posts it on facebook to remind himself or something like that...

[BCEmporium]

It has been a while since I last had coins stored anywhere. I use brainwallets instead.
The issue about brain/paper wallets is that you can't take a portion and keep the rest, either you sweep them or import the key to a BTC client. For deal with this and not have to sweep a whole load of BTC at once, my method is as follow:

PassPhrase_Part_1#sequencial number#PassPhrase_Part_2
what renders sort of:

MyPassPhrase_Part1#1#SecondPart_PassPhrase
MyPassPhrase_Part1#2#SecondPart_PassPhrase
MyPassPhrase_Part1#3#SecondPart_PassPhrase
...

By loading small amounts to each of the # I'm then allowed to store the coins at brainwallets in sort of an usable way.

[cozk]

+1

Can't even figure why someone would keep 250 BTC on Mtgox....

They half deserve this.

[DeboraMeeks]

If you aren't the sole controller of your private keys, you don't have any bitcoins.

No private keys no bitcoins! Simple

[DeboraMeeks]

+1

Can't even figure why someone would keep 250 BTC on Mtgox....

They half deserve this.

I wouldn't say they 'deserve' this but it was a stupid decision

[btbrae]

+1

Can't even figure why someone would keep 250 BTC on Mtgox....

They half deserve this.

I sold BTC and kept $$$ on MtGox in order to buy because I thought BTC were due a correction. I bought BTC as the value fell (although a bit further than I was anticipating!) I actually tried to pull out a few weeks ago but found they had locked my withdrawals because of the BitInstant thing until I sent further docs.

I knew the risk way in advance and 100% deserve this. There are other groups of people that don't, including businesses, charities, newcomers, people who thought that the Bitcoin Foundation were trustworthy for example.

[byt411]

If you aren't the sole controller of your private keys, you don't have any bitcoins.

You also must ensure that you ARE the sole controller of your private keys.

Yes, that is kind of baked into my statement. You are just saying it a different way.

Problem is that, some people think that by creating an online wallet and exporting the private key that means he is safe...
Especially if he posts it on facebook to remind himself or something like that...

"Sole" controller of your private keys!

Yes, but some people think that if they export it and download it, they are the sole owner of them.

[S4VV4S]

I totally agree.

You should never store your coins on exchanges or e-wallets.

Send them to me 

I will keep them safe for you 

[MakeBelieve]

I have been looking into differnt security measures and now have decided to stay away from sites like blockchain because its only a matter of time before it gets hacked etc.

Put your coins on your offline computer people.

[Stevets]

I think what people need to consider is that Bitcoins are cash. Would you leave cash with the operator of some website in Japan?

[Musent]

Keep copies of keys safely and in places only you know about.

[LiteCoinGuy]

very true but: most users (or alot) wont do that. they will keep their coins online.

and maybe someday when btc is more professional and we have services, that insure the funds of the customers, it will be okay to store coins online, maybe.