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Author Topic: Owner specified bitcoin escheat mechanism  (Read 1352 times)
chromeguy
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January 06, 2012, 12:33:50 AM
 #21


My approach is, we can't say "Gavin, we're changing to deterministic wallets the first thing tomorrow" but we can tweak the existing client easily and make some impact now.

but we could implement deterministic wallets + wallet.dat
therefore we have a physical backup (for those so inclined) & a deterministic system can simply be applied overtop, without affecting the user or changing the way they use the system - except they now MUST make a password.


one more thing.
i discovered today my computer is/was infected with InstallMonetizer.exe - i believe this to be some kind of stealthcoin or wallet-stealer.
my wallet, being new @ all of this, is unencrypted to date.
now, it is totally possible somebody has a copy of my unencrypted wallet.dat

if i now encrypt it, does this protect me from them simply opening up my old (unencrypted) wallet and refreshing with any new transactions???
or will encrypting my wallet now, make their copy useless?
wat do?
new wallet.dat?
i only have 0.005 in the old one (from a faucet no less)

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DeathAndTaxes
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January 06, 2012, 12:40:09 AM
 #22

one more thing.
i discovered today my computer is/was infected with InstallMonetizer.exe - i believe this to be some kind of stealthcoin or wallet-stealer.
my wallet, being new @ all of this, is unencrypted to date.
now, it is totally possible somebody has a copy of my unencrypted wallet.dat

Then those keys are potentially compromised forever.  If someone else has a copy of the wallet then they could take funds from it now, next year, next century.

Luckily you have a negligible amount of money.  To be safe I would create a new wallet (and if you want to retain the 0.05 then send it to an address in your new encrypted wallet).
cloudswrest
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January 06, 2012, 12:41:29 AM
 #23

or will encrypting my wallet now, make their copy useless?
wat do?
new wallet.dat?
i only have 0.005 in the old one (from a faucet no less)

No, encrypting your wallet now won't protect it.  You need to create a new wallet with new addresses and spend your coins to it.

-B
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January 06, 2012, 12:43:20 AM
 #24

thanks guys - glad it's only half a cent  Roll Eyes

aaaand this is why i am practicing with a slow-ass laptop - 10.8mh/s yay me

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www.moneywisehome.com ► free infotips & ideas on saving money in and around your home
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