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Question: Would you be willing to wait a day or two to withdraw massive amounts of Bitcoins for better security?
Yes - 10 (76.9%)
No - 3 (23.1%)
Total Voters: 13

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Author Topic: Delayed Withdrawals for Increased Security  (Read 1087 times)
Tim Johnson (OP)
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August 05, 2012, 06:38:02 AM
 #1

I like the idea of Nefario keeping most of the GLBSE's Bitcoins in a offline wallet a lot.

I consider any BTC on a online server as a hacker's funds on layaway.
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August 05, 2012, 06:45:24 AM
 #2

how does or how would 1-2 day wait provide better security?  isn't most of GLBSE funds already in cold storage?
Tim Johnson (OP)
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August 05, 2012, 06:52:06 AM
 #3

how does or how would 1-2 day wait provide better security?  isn't most of GLBSE funds already in cold storage?
To give users adequate time to detect security breaches and allow Nefario to verify if the withdrawals are legitimate and not from a security breach.
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August 05, 2012, 07:03:53 AM
 #4

i would rather get email or sms with confirm code that i could enter at the site to complete withdraw transaction, or have GLBSE send confirm codes table with something like columns a, b, c, d, etc and rows 1, 2, 3, 4 etc and then at each withdraw GBLSE could ask to fill in randomly selected code, for instance B2 or F3 and so on
other option is to have user lock withdraw to specific ip/s
or lock withdraw address like pirate does

1-2 day wait is too long in bitcoin world.

honestly i'm more worried for assets being present only at GLBSE site than bitcoins on there, if anything goes wrong with GLBSE, there is no way for me to confirm/verify/restore my assets with issuers
Tim Johnson (OP)
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August 05, 2012, 07:13:15 AM
 #5

i would rather get email or sms with confirm code that i could enter at the site to complete withdraw transaction, or have GLBSE send confirm codes table with something like columns a, b, c, d, etc and rows 1, 2, 3, 4 etc and then at each withdraw GBLSE could ask to fill in randomly selected code, for instance B2 or F3 and so on
other option is to have user lock withdraw to specific ip/s
or lock withdraw address like pirate does

1-2 day wait is too long in bitcoin world.

honestly i'm more worried for assets being present only at GLBSE site than bitcoins on there, if anything goes wrong with GLBSE, there is no way for me to confirm/verify/restore my assets with issuers
Take a screenshot of them with your taskbar's date and time in the picture as a receipt.
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August 05, 2012, 07:16:44 AM
 #6

i would rather get email or sms with confirm code that i could enter at the site to complete withdraw transaction, or have GLBSE send confirm codes table with something like columns a, b, c, d, etc and rows 1, 2, 3, 4 etc and then at each withdraw GBLSE could ask to fill in randomly selected code, for instance B2 or F3 and so on
other option is to have user lock withdraw to specific ip/s
or lock withdraw address like pirate does

1-2 day wait is too long in bitcoin world.

honestly i'm more worried for assets being present only at GLBSE site than bitcoins on there, if anything goes wrong with GLBSE, there is no way for me to confirm/verify/restore my assets with issuers
Take a screenshot with your taskbar's clock, date and time in the picture as a receipt.

heh, it's very easy in photoshop to draw some extra 0s on a screenshot )) not that i'd do that, but my point is no screenshot can be proof of anything
Tim Johnson (OP)
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August 05, 2012, 07:17:32 AM
 #7

i would rather get email or sms with confirm code that i could enter at the site to complete withdraw transaction, or have GLBSE send confirm codes table with something like columns a, b, c, d, etc and rows 1, 2, 3, 4 etc and then at each withdraw GBLSE could ask to fill in randomly selected code, for instance B2 or F3 and so on
other option is to have user lock withdraw to specific ip/s
or lock withdraw address like pirate does

1-2 day wait is too long in bitcoin world.

honestly i'm more worried for assets being present only at GLBSE site than bitcoins on there, if anything goes wrong with GLBSE, there is no way for me to confirm/verify/restore my assets with issuers
Take a screenshot with your taskbar's clock, date and time in the picture as a receipt.

heh, it's very easy in photoshop to draw some extra 0s on a screenshot ))
Nefario, we need some public and private addresses for securities ASAP.
Matthew N. Wright
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August 05, 2012, 07:21:55 AM
 #8

Does it suck that everyone knows you're Atlas -so- quickly?

Tim Johnson (OP)
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August 05, 2012, 07:24:09 AM
 #9

Does it suck that everyone knows you're Atlas -so- quickly?
Who and what now?
Matthew N. Wright
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August 05, 2012, 07:25:24 AM
 #10

Does it suck that everyone knows you're Atlas -so- quickly?
Who and what now?

What are your feelings on government and value?

Tim Johnson (OP)
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August 05, 2012, 07:27:16 AM
 #11

Does it suck that everyone knows you're Atlas -so- quickly?
Who and what now?

What are your feelings on government and value?
Governments are just militarized corporations. Value is subjective.
Matthew N. Wright
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August 05, 2012, 07:30:57 AM
 #12

Does it suck that everyone knows you're Atlas -so- quickly?
Who and what now?

What are your feelings on government and value?
Governments are just militarized corporations. Value is subjective.

Let's hop on skype and do a video call. You're really an interesting guy!

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