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Author Topic: How would you store >100 Bitcoins?  (Read 42388 times)
twister
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August 24, 2014, 07:55:27 AM
 #241

A paper wallet inside a metal cigar tube and stuffed inside this woman's vagina. Ain't no one gettin in there without a fight.



Who is this crazy bitch  Angry ??

To answer your question OP, I would make 10 paper wallets and put 10 bitcoin per paper wallet than put their keys and all on atleast 2-3 usbs and print 2-3 prints of them all and then divide them and put them in various places such as one inside my room safe, other in a bank locker etc.

 

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Appleanimal
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August 24, 2014, 10:33:58 PM
 #242

It depends what purpose you want to store.If it is for some kind of business i think hardware wallet is more secure than paper wallet. Hardware wallets are a major step to enhanced security and usability.But you must take care that the system is free of malware, viruses, keyloggers, remote access tools, and other tools that may be used to make remote copies of your wallet, Bitcoin-related passwords or Bitcoin private keys.

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the joint
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August 25, 2014, 12:53:50 AM
 #243

I'd split between coinbase, bter, and bitfinex.

I'd also store maybe about 20% in hard wallet on my computer/usb. I consider this, personally to be my biggest risk as I'm much more likely to lose my computer/usb stick to something stupid than something going on online.

That's just me though.
These are all very bad places to keep your bitcoin. If you kept your money in any of the above places you would be trusting that a third party would not run away with your bitcoin. This is against the principles of bitcoin and keeping your bitcoin safe. The whole point of using the network as a ledger is that you do not have to trust some other person to keep track of your balance or how much money you have.

Agreed.

Bitcoin allows you the opportunity to exercise personal responsibility for your money.  If you entrust your BTC with a third-party service provider -- even if it's a well-established entity such as Coinbase, Blockchain.info, etc. -- and you lose your money, you can only blame yourself at that point.
IMO blockchain.info is not the same as a site like coinbase. Blockchain's wallet allows the user to be in control of the private keys. The generating of the keys is done on the client side (on the user's computer). The keys are stored in encrypted form on blockchain's servers but only the user is able to decrypt the keys. If a user were to choose to do so they could easily import their keys into another client and be able to spend their coins freely.

http://es.cointelegraph.com/news/11305/blockchain_info_site_refunding_users_stolen_bitcoins
kleeii
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August 25, 2014, 01:42:12 AM
 #244

Spread your BTC over several wallets as suggest above, or perhaps 1 main wallet and several decoy wallets which you would use for spending.

The main wallet would have a computer dedicated to it and only be used for transactions sent to the spending wallet.
itsAj
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August 25, 2014, 05:03:46 AM
 #245

I'd split between coinbase, bter, and bitfinex.

I'd also store maybe about 20% in hard wallet on my computer/usb. I consider this, personally to be my biggest risk as I'm much more likely to lose my computer/usb stick to something stupid than something going on online.

That's just me though.
These are all very bad places to keep your bitcoin. If you kept your money in any of the above places you would be trusting that a third party would not run away with your bitcoin. This is against the principles of bitcoin and keeping your bitcoin safe. The whole point of using the network as a ledger is that you do not have to trust some other person to keep track of your balance or how much money you have.

Agreed.

Bitcoin allows you the opportunity to exercise personal responsibility for your money.  If you entrust your BTC with a third-party service provider -- even if it's a well-established entity such as Coinbase, Blockchain.info, etc. -- and you lose your money, you can only blame yourself at that point.
IMO blockchain.info is not the same as a site like coinbase. Blockchain's wallet allows the user to be in control of the private keys. The generating of the keys is done on the client side (on the user's computer). The keys are stored in encrypted form on blockchain's servers but only the user is able to decrypt the keys. If a user were to choose to do so they could easily import their keys into another client and be able to spend their coins freely.

http://es.cointelegraph.com/news/11305/blockchain_info_site_refunding_users_stolen_bitcoins
I don't understand exactly how a RNG would be able to change the address to which BTC is sent to (maybe via the change address). If you select custom send to select the exact change address for the change to be sent to then this should not be an issue.
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August 25, 2014, 11:49:37 AM
 #246

I don't understand exactly how a RNG would be able to change the address to which BTC is sent to (maybe via the change address). If you select custom send to select the exact change address for the change to be sent to then this should not be an issue.

A RNG doesn't change a BTC Address that BTC are being sent to.

A RNG is used to randomly generate a private key.  If it is discovered that a Random Number Generator is actually a Predictable Number Generator then you can determine the private keys that will be generated with it.

"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."   - Henry Ford
itsAj
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August 26, 2014, 12:31:55 AM
 #247

I don't understand exactly how a RNG would be able to change the address to which BTC is sent to (maybe via the change address). If you select custom send to select the exact change address for the change to be sent to then this should not be an issue.

A RNG doesn't change a BTC Address that BTC are being sent to.

A RNG is used to randomly generate a private key.  If it is discovered that a Random Number Generator is actually a Predictable Number Generator then you can determine the private keys that will be generated with it.
When you create a transaction on blockchain.info, the website will create a new address to send your change to. It will need to use a RNG in order to create this address. If the RNG is flawed then it will create a predictable address that an attacker knows the private key to.
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August 27, 2014, 12:45:39 AM
 #248

Spread your BTC over several wallets as suggest above, or perhaps 1 main wallet and several decoy wallets which you would use for spending.

The main wallet would have a computer dedicated to it and only be used for transactions sent to the spending wallet.
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August 27, 2014, 03:40:44 AM
 #249

The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.

No one can touch them that way.

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August 27, 2014, 08:04:37 AM
 #250

Cold wallet would be my first choice.
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August 27, 2014, 08:09:55 AM
 #251

I would use a well secured Multi-signature address.

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August 27, 2014, 08:38:08 AM
 #252

I would split them into paper wallets and usb pendrives, of course making cold storage wallets.
heypson
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August 27, 2014, 09:02:13 AM
 #253

I would split them into paper wallets and usb pendrives, of course making cold storage wallets.

Probably I would do the same, maybe adding some hardware wallets like Trezor.
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August 27, 2014, 09:38:11 AM
 #254

Diversify the coins through creating a paper wallet for each coin.
Mars not Moon
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August 27, 2014, 09:51:12 AM
 #255

Its not hard to store 100 bitcoins..if you keep your wallet secret, and don't tell the world about your money. Also keep security tight ..
itsAj
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August 27, 2014, 10:19:19 AM
 #256

The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.

No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours?
Muhammed Zakir
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August 27, 2014, 11:05:50 AM
 #257

The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.

No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours?

If has knowledge about BTC, it will happen but the chances are less. Anyway, there are many safe places in home like refrigerator. Grin

~~MZ~~

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August 27, 2014, 12:12:50 PM
 #258

The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.

No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours?

If has knowledge about BTC, it will happen but the chances are less. Anyway, there are many safe places in home like refrigerator. Grin

~~MZ~~

The refrigerator is a common hiding spot. If I was going to rob a house it would be the first place I would look.



Places criminals look for hidden valuables:

Go get the money mutherfuckers
In an envelope taped to the bottom of a kitchen shelf - check under all drawers
In a watertight plastic bottle or jar in the tank on the back of the toilet
In an envelope at the bottom of a kids toybox
In a plastic baggie in the freezer
Inside of an old sock in the bottom of the sock drawer
In an empty medicine bottle in the bathroom - take all medicine - you might find something to get you high later
In the pocket of shirts in the closet
In a folder in the filing cabinet
In an envelope taped to the bottom of the cat’s litter box and in the litter
In an envelope taped to the back of a wall decoration
In between several pages in a random book or two on the bookshelf - throw the books to the floor shit will fall out
Buried in a jar in the back yard - look for dirt that has recently been turned over or has nothing growing on it.
In a tool box in the garage
Underneath a potted plant (or even buried in a small jar in the soil)
In an envelope taped to the bottom of a dresser drawer - check all drawers top and bottom
Inside of a big coffee cup in the back of a cupboard
Inside the Christmas decoration box - most common place - check all boxes in the top of closets especially if you "own" the house for a few hours (out of town, you shot them, at work, etc.)
Inside of an empty bottle of beer in the back of the fridge with the cap seemingly
in place (smash it to get the cash)
In a plastic baggie inside of a flour or coffee container
In an envelope inside of a DVD case
It looks like a lot of work but you can do this whole list in one hour before the bitch knows what hit him

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August 27, 2014, 03:00:49 PM
 #259

The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.

No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours?

If has knowledge about BTC, it will happen but the chances are less. Anyway, there are many safe places in home like refrigerator. Grin

~~MZ~~

The refrigerator is a common hiding spot. If I was going to rob a house it would be the first place I would look.



Places criminals look for hidden valuables:

Go get the money mutherfuckers
In an envelope taped to the bottom of a kitchen shelf - check under all drawers
In a watertight plastic bottle or jar in the tank on the back of the toilet
In an envelope at the bottom of a kids toybox
In a plastic baggie in the freezer
Inside of an old sock in the bottom of the sock drawer
In an empty medicine bottle in the bathroom - take all medicine - you might find something to get you high later
In the pocket of shirts in the closet
In a folder in the filing cabinet
In an envelope taped to the bottom of the cat’s litter box and in the litter
In an envelope taped to the back of a wall decoration
In between several pages in a random book or two on the bookshelf - throw the books to the floor shit will fall out
Buried in a jar in the back yard - look for dirt that has recently been turned over or has nothing growing on it.
In a tool box in the garage
Underneath a potted plant (or even buried in a small jar in the soil)
In an envelope taped to the bottom of a dresser drawer - check all drawers top and bottom
Inside of a big coffee cup in the back of a cupboard
Inside the Christmas decoration box - most common place - check all boxes in the top of closets especially if you "own" the house for a few hours (out of town, you shot them, at work, etc.)
Inside of an empty bottle of beer in the back of the fridge with the cap seemingly
in place (smash it to get the cash)
In a plastic baggie inside of a flour or coffee container
In an envelope inside of a DVD case
It looks like a lot of work but you can do this whole list in one hour before the bitch knows what hit him

Forgot to search the under the bed sheet, inside the pillow and stuffed toys. Tongue

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August 27, 2014, 03:33:49 PM
 #260

The safest place would be multiple paper wallets, and make sure you make AT LEAST 3 copies of each. Store them in places around your house you will remember.

No one can touch them that way.
Wouldn't someone be able to steal your coins if they robbed your house? Or if they simply found one while being a house guest of yours?

If has knowledge about BTC, it will happen but the chances are less. Anyway, there are many safe places in home like refrigerator. Grin

~~MZ~~

The refrigerator is a common hiding spot. If I was going to rob a house it would be the first place I would look.



Places criminals look for hidden valuables:

Go get the money mutherfuckers

In an envelope taped to the bottom of a kitchen shelf - check under all drawers
In a watertight plastic bottle or jar in the tank on the back of the toilet
In an envelope at the bottom of a kids toybox
In a plastic baggie in the freezer
Inside of an old sock in the bottom of the sock drawer
In an empty medicine bottle in the bathroom - take all medicine - you might find something to get you high later
In the pocket of shirts in the closet
In a folder in the filing cabinet
In an envelope taped to the bottom of the cat’s litter box and in the litter
In an envelope taped to the back of a wall decoration
In between several pages in a random book or two on the bookshelf - throw the books to the floor shit will fall out
Buried in a jar in the back yard - look for dirt that has recently been turned over or has nothing growing on it.
In a tool box in the garage
Underneath a potted plant (or even buried in a small jar in the soil)
In an envelope taped to the bottom of a dresser drawer - check all drawers top and bottom
Inside of a big coffee cup in the back of a cupboard
Inside the Christmas decoration box - most common place - check all boxes in the top of closets especially if you "own" the house for a few hours (out of town, you shot them, at work, etc.)
Inside of an empty bottle of beer in the back of the fridge with the cap seemingly
in place (smash it to get the cash)
In a plastic baggie inside of a flour or coffee container
In an envelope inside of a DVD case
It looks like a lot of work but you can do this whole list in one hour before the bitch knows what hit him

When my Grandma died we had to search the entire house before we sold it for hidden money. It was mostly £'s, however she liked her gold.
- Stitched into the curtains
- At the bottom on non-transparent sugar/tea pots
- Under the floorboards
- Inside a fake water pipe
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