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Richard Branson
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February 28, 2014, 03:36:18 PM |
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Well, looks like we're finally learning.
Don't believe this voting. The majority voting "in cold storage" have them on an exchange. |
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proudhon
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Activity: 2198
Merit: 1311
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February 28, 2014, 03:36:45 PM |
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The option should be renamed to "Codl storage"
I like it. Codling is how pros hodl. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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600watt
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Activity: 2338
Merit: 2106
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February 28, 2014, 06:19:53 PM |
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The option should be renamed to "Codl storage"
I like it. Codling is how pros hodl.  |
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MAbtc
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February 28, 2014, 06:27:24 PM |
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At one point, 80% cold / 20% exchange. In December, closer to 25% cold / 75% exchange.
Now 15% cold / 85% exchange. This is just a matter of profit, I intend to reallocate a majority to cold storage in the next month. I'd love to establish a higher low and get back all in BTC again...
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cosmofly
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Activity: 532
Merit: 100
PrimeDAO - An Adoption Engine for Open Finance
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February 28, 2014, 06:30:52 PM |
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100% in mtgox
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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February 28, 2014, 07:44:26 PM |
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100% in mtgox
I hope that's a joke  Waiting for "100% of my 850K BTC in cold storage" |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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February 28, 2014, 07:52:40 PM |
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Cold storage, private keys in encrypted file container in my dropbox and every device I own.
This is not technically cold, this is as hot as it gets, because anyone can get your (encrypted) PKs and work on them. Cold is something where PK have not ever been on anything connected to an internet. Unless you are Mark Karpeles and your definition of cold is a PK tattooed on your forehead. I store in paper, cas coins, and some offline wallets, maybe 10% across exchanges. I have lost a trading amount at the gox, which was not insignificant but not a killer. I still learned a good lesson with Gox, that you should never underestimate potential idiocy of other people, and never assume smartness where stupidity is the shorter path. |
i am satoshi
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Wilhelm
Legendary
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Activity: 1652
Merit: 1265
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February 28, 2014, 08:06:19 PM |
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Cold storage, private keys in encrypted file container in my dropbox and every device I own.
This is not technically cold, this is as hot as it gets, because anyone can get your (encrypted) PKs and work on them. Cold is something where PK have not ever been on anything connected to an internet. Unless you are Mark Karpeles and your definition of cold is a PK tattooed on your forehead. I store in paper, cas coins, and some offline wallets, maybe 10% across exchanges. I have lost a trading amount at the gox, which was not insignificant but not a killer. I still learned a good lesson with Gox, that you should never underestimate potential idiocy of other people, and never assume smartness where stupidity is the shorter path. +1 Cold == OFFLINE Preferably on paper or usb in a vault. |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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john_doe
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February 28, 2014, 09:35:14 PM |
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This is not technically cold, this is as hot as it gets, because anyone can get your (encrypted) PKs and work on them.
Cold is something where PK have not ever been on anything connected to an internet. Unless you are Mark Karpeles and your definition of cold is a PK tattooed on your forehead.
I store in paper, cas coins, and some offline wallets, maybe 10% across exchanges. I have lost a trading amount at the gox, which was not insignificant but not a killer. I still learned a good lesson with Gox, that you should never underestimate potential idiocy of other people, and never assume smartness where stupidity is the shorter path.
https://en.bitcoin.it/wiki/Cold_storageMethods of cold storage include keeping bitcoins:
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Online, but on encrypted media where the encryption key is offline.
... |
If you believe my post is helpful and you feel like donating a small amount, please use this address: 165i2m6WNT3v4KPWbFesKhceaXf2shcUDR
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zedicus
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Activity: 966
Merit: 1004
CryptoTalk.Org - Get Paid for every Post!
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February 28, 2014, 10:11:49 PM |
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Admittedly i have a huge chunk in blockchain.info and then i also have an Electrum wallet with another chunk and then an insignificant amount on a computer using the regular bitcoin qt app, and $200-300 on stamp.
Ive been considering moving my blockchain.info chunk to my electrum wallet. Watching gox vanish should be a smack to the back of my head to move my shit off blockchain.info, but im not worried! Ill move it sooner than later tho.
Allow me to ask: how is blockchain.info more convenient than electrum? I use the latter, and to me it seems it offers an absolute maximum in convenience, with very little compromise to security, while blockchain.info seems to offer no additional benefits, but lots of additions insecurity. But maybe I miss something about blockchain.info. EDIT: since it's a web wallet I guess you can use it for making purchases when you're on the go. sthg that is harder with electrum. Yeah ive been meaning to make a donation to the Electrum project.. |
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superkawaii
Member
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Activity: 72
Merit: 10
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February 28, 2014, 10:14:49 PM |
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I had my 4 BTC on Mt.Gox  |
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DanielVG
Sr. Member
Offline
Activity: 266
Merit: 250
I want free lunch, i'm gonna go with this guy.
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February 28, 2014, 10:16:35 PM |
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In a sock under my bed.
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lemfuture
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February 28, 2014, 10:17:01 PM |
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on ipo's
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1ADLcfwTofFXb95pKhebpeRkJ4WTWsvQXB
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Teal Deer
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February 28, 2014, 10:44:53 PM |
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Those of you who have altcoins, do you take the same precautions/with as many of your coins?
Tbh I haven't been assed to learn how to set up a cold wallet, but after 'Kerpeles' Wild Ride 2014' I've decided to stop being a lazy prick and just do it.
By some stroke of luck, a week or two before withdrawals were suspended I moved all my coins to another exchange after seeing so many people refer to Gox's incompetency. Wasn't many coins, but one of my luckiest btc moments ever (probably no. 1 or 2 to having a last minute change of heart about selling my ltcs and the very next day watching them double and then hit the $40 high.)
So yeah, I have about 6 kinds of coins. Would you be as careful with all of them?
ps. doge 2 da m00n
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Rygon
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February 28, 2014, 11:36:17 PM |
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90% Cold Storage. Private keys generated on machines that weren't connected to the internet and wiped out afterwards. Stored on electronic media in encrypted files, triple redundancy in different locations, split onto several pieces of paper carefully hidden in locations so obscure I'm not even sure where they are anymore, lol. I also have a private key engraved on a piece of metal and buried because I got bored and it sounded like fun.
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nanobtc
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March 01, 2014, 12:02:41 AM |
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bitcoinfiresafe.com No affiliation, a happy customer.  |
Lennon: "free as a bird"
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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March 01, 2014, 09:47:31 PM |
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Well, that is a wiki, so anybody can write silly things. If you ever decrypt your wallet while connected to the internet your PK could be compromised. If your encryption key is purely offline and never entered on a hot machine, then you will be safe, but I don't see how it is different or simpler than just keeping PK offline exactly where you are keeping your encryption key? |
i am satoshi
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