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The future of Bitcoin
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HitIer
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PostPosted: Mon Sep 29, 2014 8:58 pm    Post subject: The future of Bitcoin Reply with quote

Remember paper wallets?

If you don't, it was about encrypting your wallet.dat and keeping the encryption key on a piece of paper, so you had a physical solution to the security of your Bitcoin.

Later, there was Brainwallet. Brainwallet allowed you to store your Bitcoin wallet inside your brain.


What I suggest, is hardware backup, secured by the very touch of your fingerprints!

Combine biometric hardware with a piece of your memory and a written piece of code on paper, and you get the ultimately secure wallet. Bitcoins so safe, the NSA will never find them!

IRONKEY:
"Get zero-compromise security from multi-factor fingerprint USB authentication and FIPS 140-2 Level 3 hardware encryption."

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t328163 wrote:
Your username derives from the fact that this site cannot format special characters lol.


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Fafaffy
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PostPosted: Mon Sep 29, 2014 9:04 pm    Post subject: Reply with quote

...What's wrong with just generating a really strong password with something like Lastpass or some shit, write down your btc address on your main pc somewhere, and put the password/key on a flash drive that you will only plug in when needed? It's not like you need the wallet.dat to receive money
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br0l0ck
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PostPosted: Mon Sep 29, 2014 9:40 pm    Post subject: Reply with quote

quantum computing shits on all ur encryption
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HitIer
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PostPosted: Tue Sep 30, 2014 3:43 am    Post subject: Reply with quote

blablfy wrote:
...What's wrong with just generating a really strong password with something like Lastpass or some shit, write down your btc address on your main pc somewhere, and put the password/key on a flash drive that you will only plug in when needed? It's not like you need the wallet.dat to receive money


If you keep it on a main PC make sure the machine is running a secure system (DOS, Linux, etc) that cannot be compromised, an offline PC that receives no interaction from your main computer. Even when you're plugging the flash drive "when needed", sometimes, it could take just that one time to get keylogged/cleaned (There are horror stories about minor mistakes like this costing up to 4 BTC). You don't need the wallet.dat to receive money, but the wallet.dat file contains all your private keys necessary to verify ownership of the Bitcoin, in other words you'll be able to receive them, but never spend them.

If you're storing it on a USB, it's an example of hardware storage. I just listed IronKey's biometric flash drive (unlocks via fingerprints) above

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Your username derives from the fact that this site cannot format special characters lol.


t328163 wrote:

lmfao, on reddit i'd get banned
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gogodr
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PostPosted: Tue Sep 30, 2014 12:38 pm    Post subject: Reply with quote

my 2 cents:
the main reason of backup storage is safety against data lost via hard disk malfunction or computer virus, but this wallet is just a backup that is off the grid. There is no need to put anything else on top of it other than encryption.
a password should be enough, and if you cant think of a big enough password to make it secure then take a short password and pass it through a SHA 512, and there you have a long ass password.

Its just a redundancy backup and not a measurement against hackers. with the proper encryption even if a hacker were to steal your wallet, he shouldn't be able to decrypt it in a lifetime.(yes, real encryption is that advanced nowdays)

Personally I trust my hard drives, but I'm not stupid. I have my main wallet in my Raid0 configuration, but I have a safety backup in my single drive too. About virus and hackers, That's just not going to happen in my system.
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Fafaffy
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PostPosted: Tue Sep 30, 2014 12:40 pm    Post subject: Reply with quote

12vARzQRPwUf19sCGUNUYasBK wrote:
blablfy wrote:
...What's wrong with just generating a really strong password with something like Lastpass or some shit, write down your btc address on your main pc somewhere, and put the password/key on a flash drive that you will only plug in when needed? It's not like you need the wallet.dat to receive money


If you keep it on a main PC make sure the machine is running a secure system (DOS, Linux, etc) that cannot be compromised, an offline PC that receives no interaction from your main computer. Even when you're plugging the flash drive "when needed", sometimes, it could take just that one time to get keylogged/cleaned (There are horror stories about minor mistakes like this costing up to 4 BTC). You don't need the wallet.dat to receive money, but the wallet.dat file contains all your private keys necessary to verify ownership of the Bitcoin, in other words you'll be able to receive them, but never spend them.

If you're storing it on a USB, it's an example of hardware storage. I just listed IronKey's biometric flash drive (unlocks via fingerprints) above

..and once you unlock the flash drive, it becomes susceptible to the same attack. You're masking the problem, not solving it.
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HitIer
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PostPosted: Tue Sep 30, 2014 3:37 pm    Post subject: Reply with quote

blablfy wrote:
12vARzQRPwUf19sCGUNUYasBK wrote:
blablfy wrote:
...What's wrong with just generating a really strong password with something like Lastpass or some shit, write down your btc address on your main pc somewhere, and put the password/key on a flash drive that you will only plug in when needed? It's not like you need the wallet.dat to receive money


If you keep it on a main PC make sure the machine is running a secure system (DOS, Linux, etc) that cannot be compromised, an offline PC that receives no interaction from your main computer. Even when you're plugging the flash drive "when needed", sometimes, it could take just that one time to get keylogged/cleaned (There are horror stories about minor mistakes like this costing up to 4 BTC). You don't need the wallet.dat to receive money, but the wallet.dat file contains all your private keys necessary to verify ownership of the Bitcoin, in other words you'll be able to receive them, but never spend them.

If you're storing it on a USB, it's an example of hardware storage. I just listed IronKey's biometric flash drive (unlocks via fingerprints) above

..and once you unlock the flash drive, it becomes susceptible to the same attack. You're masking the problem, not solving it.


But it prevents your hardware from falling in the wrong hands

And what if government agencies bust into your house and confiscate your hardware?

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t328163 wrote:
Your username derives from the fact that this site cannot format special characters lol.


t328163 wrote:

lmfao, on reddit i'd get banned
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Fafaffy
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PostPosted: Tue Sep 30, 2014 9:00 pm    Post subject: Reply with quote

12vARzQRPwUf19sCGUNUYasBK wrote:
blablfy wrote:
12vARzQRPwUf19sCGUNUYasBK wrote:
blablfy wrote:
...What's wrong with just generating a really strong password with something like Lastpass or some shit, write down your btc address on your main pc somewhere, and put the password/key on a flash drive that you will only plug in when needed? It's not like you need the wallet.dat to receive money


If you keep it on a main PC make sure the machine is running a secure system (DOS, Linux, etc) that cannot be compromised, an offline PC that receives no interaction from your main computer. Even when you're plugging the flash drive "when needed", sometimes, it could take just that one time to get keylogged/cleaned (There are horror stories about minor mistakes like this costing up to 4 BTC). You don't need the wallet.dat to receive money, but the wallet.dat file contains all your private keys necessary to verify ownership of the Bitcoin, in other words you'll be able to receive them, but never spend them.

If you're storing it on a USB, it's an example of hardware storage. I just listed IronKey's biometric flash drive (unlocks via fingerprints) above

..and once you unlock the flash drive, it becomes susceptible to the same attack. You're masking the problem, not solving it.


But it prevents your hardware from falling in the wrong hands

And what if government agencies bust into your house and confiscate your hardware?


Feds: Oh this guy is a masta hax0r! Let's invade
Popo: SHIT NIGGA! THIS GUY HAS A FLASHDRIVE! PLUG IT IN! PLUG IT IN!
Feds: Only cuz you so naice
Popo: HOOOOLY FUUUUCK NIGGA, THIS GUY HAS 3/10th's OF A BITCOIN! FUCK ALL Y'ALL, I'M GONNA BE FUCKING RICH!

tl;dr no one cares about you irl
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br0l0ck
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PostPosted: Wed Oct 01, 2014 12:43 am    Post subject: Reply with quote

yea except anyone that uses bitcoin or even goes on a linux website are on a watch list, so they obviously care.
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:^(
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PostPosted: Wed Oct 01, 2014 1:40 am    Post subject: Reply with quote

Brolock wrote:
yea except anyone that uses bitcoin or even goes on a linux website are on a watch list, so they obviously care.


citations needed since this would make illegal use of bitcoin not nearly as easy as its become

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br0l0ck
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PostPosted: Wed Oct 01, 2014 2:18 am    Post subject: Reply with quote

:^( wrote:
Brolock wrote:
yea except anyone that uses bitcoin or even goes on a linux website are on a watch list, so they obviously care.


citations needed since this would make illegal use of bitcoin not nearly as easy as its become
they care enough to watch people, not to actually do anything about it.

some dude posted on fb & 4chan about all the cp he had and it took like 2+ years for him to get arrested, even though it was public shit he was announcing. most of the time things aren't enforced. look at how easy piracy is, that doesn't mean its not illegal.

also they dont track your transactions etc. i mean that they simply put you on a watch list if you access things like that, which in the future they could use against you if they caught you doing anything else illegal.

also government is obviously aware of bitcoin because it can now be taxed and they have a huge paper about it

Code:
http://files.consumerfinance.gov/f/201408_cfpb_consumer-advisory_virtual-currencies.pdf


regular currency is legal and also very easily used for illegal things.
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HitIer
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PostPosted: Wed Oct 01, 2014 8:10 am    Post subject: Reply with quote

blablfy wrote:
12vARzQRPwUf19sCGUNUYasBK wrote:
blablfy wrote:
12vARzQRPwUf19sCGUNUYasBK wrote:
blablfy wrote:
...What's wrong with just generating a really strong password with something like Lastpass or some shit, write down your btc address on your main pc somewhere, and put the password/key on a flash drive that you will only plug in when needed? It's not like you need the wallet.dat to receive money


If you keep it on a main PC make sure the machine is running a secure system (DOS, Linux, etc) that cannot be compromised, an offline PC that receives no interaction from your main computer. Even when you're plugging the flash drive "when needed", sometimes, it could take just that one time to get keylogged/cleaned (There are horror stories about minor mistakes like this costing up to 4 BTC). You don't need the wallet.dat to receive money, but the wallet.dat file contains all your private keys necessary to verify ownership of the Bitcoin, in other words you'll be able to receive them, but never spend them.

If you're storing it on a USB, it's an example of hardware storage. I just listed IronKey's biometric flash drive (unlocks via fingerprints) above

..and once you unlock the flash drive, it becomes susceptible to the same attack. You're masking the problem, not solving it.


But it prevents your hardware from falling in the wrong hands

And what if government agencies bust into your house and confiscate your hardware?


Feds: Oh this guy is a masta hax0r! Let's invade
Popo: SHIT NIGGA! THIS GUY HAS A FLASHDRIVE! PLUG IT IN! PLUG IT IN!
Feds: Only cuz you so naice
Popo: HOOOOLY FUUUUCK NIGGA, THIS GUY HAS 3/10th's OF A BITCOIN! FUCK ALL Y'ALL, I'M GONNA BE FUCKING RICH!

tl;dr no one cares about you irl


If that was personally directed towards me, you would be correct, they don't care about me, or you. Why? Because we're conforming, we're paying our taxes, voting for their fascist dictators, giving up our second amendment rights, they don't care. Of course they don't care.

But what if they do care? What if I ran a free market under the alias "DreadPirateRoberts"? The government gets no cut! Now they're mad! And they are going to come out at you! What if you're developing software that can potentially get rid of advertising as we know it, and reshape it with Bitcoin? The government would demand your source code immediately.

Brolock wrote:
yea except anyone that uses bitcoin or even goes on a linux website are on a watch list, so they obviously care.


News from July, great memory Brolock

NSA might tag you as extremist when you use Tor, other privacy online services - Tech Times


The NSA Is Targeting Users of Privacy Services, Leaked Code Shows
- Wired

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t328163 wrote:
Your username derives from the fact that this site cannot format special characters lol.


t328163 wrote:

lmfao, on reddit i'd get banned
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clash of clans hacks
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PostPosted: Sun Oct 05, 2014 11:03 am    Post subject: Reply with quote

Goddummit, I just bought 100 euro worth of bitcoins, then over three days the price has dropped by 20%.
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br0l0ck
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PostPosted: Sun Oct 05, 2014 5:39 pm    Post subject: Reply with quote

Adnihil wrote:
Goddummit, I just bought 100 euro worth of bitcoins, then over three days the price has dropped by 20%.
stop thinking of btc as an investment in that way. its not going to last forever like that, + the market is unstable, its stupid to invest for pure profit
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PostPosted: Sun Oct 05, 2014 5:48 pm    Post subject: Reply with quote

Brings a tear to my eye laughing at people who think short-term btc investments will gain them anything.
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