Silk Road forums
Discussion => Security => Topic started by: colorblack on April 06, 2013, 09:43 pm
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So, what would be the safest place to keep coins? Obviously I know SR is rock solid and safe. I trust it more then Bitfloor for sure. But we've read of breaches from time to time on some of these online wallets.. so I was thinking of an absolute fool proof place to keep my small amount of Bitcoins. Bitcoin-QT, is the wallet that resides on my own machine right? That's essentially completely safe from outside attacks? Or just keep them on SR with a reliable Bitfloor backup address in my settings and call it day?
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blockchain.info is pretty safe as long you use the browser extension and keep a local backup of your wallet. I never bothered to install Bitcoin-QT, am I missing out?
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Your brain
Your brain is the safest place to keep your coins! No one can hack into your brain... Or delete it...
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I've just been using a bit wallet... I'd be interested in some safety precautions :D
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So, what would be the safest place to keep coins? Obviously I know SR is rock solid and safe. I trust it more then Bitfloor for sure. But we've read of breaches from time to time on some of these online wallets.. so I was thinking of an absolute fool proof place to keep my small amount of Bitcoins. Bitcoin-QT, is the wallet that resides on my own machine right? That's essentially completely safe from outside attacks? Or just keep them on SR with a reliable Bitfloor backup address in my settings and call it day?
I've been asking myself this very question as the cost of coins goes through the roof so will the temptation for others to try and find ways of getting their hands on them. I currently have mine in a Bitcoin QT wallet (encrypted of course) with a backup saved on a USB in case the HD fucks up. I'm not really up on all the different schools of thought on where is the safest place is to be honest, personally I like knowing they are on my computer but if that's a bad move then I'm open to hearing what other arrangements are considered more preferable. I opened a blockchain wallet but haven't made use of it yet.
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So, what would be the safest place to keep coins? Obviously I know SR is rock solid and safe. I trust it more then Bitfloor for sure. But we've read of breaches from time to time on some of these online wallets.. so I was thinking of an absolute fool proof place to keep my small amount of Bitcoins. Bitcoin-QT, is the wallet that resides on my own machine right? That's essentially completely safe from outside attacks? Or just keep them on SR with a reliable Bitfloor backup address in my settings and call it day?
I've been asking myself this very question as the cost of coins goes through the roof so will the temptation for others to try and find ways of getting their hands on them. I currently have mine in a Bitcoin QT wallet (encrypted of course) with a backup saved on a USB in case the HD fucks up. I'm not really up on all the different schools of thought on where is the safest place is to be honest, personally I like knowing they are on my computer but if that's a bad move then I'm open to hearing what other arrangements are considered more preferable. I opened a blockchain wallet but haven't made use of it yet.
I hear you man. First world problems, eh? Where to keep our stash of crypto currency thats going up 20% by the DAY. Just cant catch a break these days ;)
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paper wallets! Blockchain has a paper wallet option where you can generate a wallet, print out the addy and private key, then delete the keys from it so you can only view the address.. Any time you want to send funds from the addy, you will need to import the wallet into something and then you can send them or cash out. It's the most secure way to store your coins
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paper wallets! Blockchain has a paper wallet option where you can generate a wallet, print out the addy and private key, then delete the keys from it so you can only view the address.. Any time you want to send funds from the addy, you will need to import the wallet into something and then you can send them or cash out. It's the most secure way to store your coins
If this is what ANYBODY does, make sure you TEST, TEST, and TEST AGAIN before putting any large amounts of BTC into it. If you don't 100% understand how to get your bitcoins into, out of, or recovered from failure, you shouldn't use that method. Paper wallets are very complicated compared to noob friendly web based wallets. You can lose your coins due to lack of access just as easy if not easier than to a hacker or scammer.
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Your brain is the safest place to keep your coins! No one can hack into your brain... Or delete it...
Obviously you just haven't met the "right" girl yet.
Congrats!
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Offline wallet in Armory(Btc client)
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Your brain is the safest place to keep your coins! No one can hack into your brain... Or delete it...
Obviously you just haven't met the "right" girl yet.
;D
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Your brain is the safest place to keep your coins! No one can hack into your brain... Or delete it...
Obviously you just haven't met the "right" girl yet.
Congrats!
lol. Yup, there are backdoors there too. Via your heart, or your pain threshhold...Also if anything ever happens to your brain, your BTCs are lost forever. No biggie to you if you have no heirs, but...
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Offline wallet in Armory(Btc client)
second this
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I use a computer that is disconnected from the internet. Plugged in only to transfer coins. Safe enough for me I would think, and simple! May be wrong though, I barely even know how to use these things =$
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paper wallets! Blockchain has a paper wallet option where you can generate a wallet, print out the addy and private key, then delete the keys from it so you can only view the address.. Any time you want to send funds from the addy, you will need to import the wallet into something and then you can send them or cash out. It's the most secure way to store your coins
If this is what ANYBODY does, make sure you TEST, TEST, and TEST AGAIN before putting any large amounts of BTC into it. If you don't 100% understand how to get your bitcoins into, out of, or recovered from failure, you shouldn't use that method. Paper wallets are very complicated compared to noob friendly web based wallets. You can lose your coins due to lack of access just as easy if not easier than to a hacker or scammer.
definitely, make sure to get the key backed up, and then delete the address and see if you're able to import it into other wallets.. Once you can, make a small deposit into it, and see if you understand and are able to transfer funds back out of it, then delete the address again, then you can add it back into blockchain as a watch only addy so you can keep track of the balance.
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Your brain is the safest place to keep your coins! No one can hack into your brain... Or delete it...
Obviously you just haven't met the "right" girl yet.
;D
excellent reply !
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Encrypted wallet, stored on a USB drive, disconnected from your computer
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Encrypted wallet, stored on a USB drive, disconnected from your computer
I have had this question bouncing around in my head but im unsure of the answer.
If you store your BTC in your local wallet on your computer, then that mean's you will need to initiate a transfer from your computer using your ISP's IP address.
Is it not possible for today's tech forensic's to determine the IP address of a transaction on the BTC network? I do not know the topology of the system well enough to determine what is stored and what is not, what is sniffable and what is not. However it seems that in application of our normal technology, transfering coins from your SR account to your local wallet and then out would all be traceable.
Thoughts please? Because I really dont know where to store my BTC.
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storing it on your computer is going to be the best thing to do.. have an encrypted partition on your harddrive and run your client from there.
plus the whole range of other rpoceedures you can find on here and the clearnet about protecting your coin from hackers etc,
but what you really want to be doing is trying to find yourself a way to turn the damn bitcoins back into real money and then you can go and buy yourself a big drum and bury it etc..
or think of some way to launder it..
it seems nice to hold onto coins but im off the idea now because the damn coins could just die.. or the governments of the world may be able to fuck you up.. or maybe the banks will screw it up..
in the meantime i think its just better to keep it safe as others here suggested---- but the key is getting it back into cash you can spend as a priority. id rather get that money laundered and pay tax on it under a fake business than have all that time and effort just go into thin air if something happens to the coins or it gets harder to change back into fiat.
if i had a million dollars id feel like a million bucks.. but if i was a bitcoin millionare id need anti-anxiety medication.
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Your brain
Your brain is the safest place to keep your coins! No one can hack into your brain... Or delete it...
My brain doesn't have enough ram.
I tattooed it on my cock. Plenty of ram there...
Modzi
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1. download debian live cd/dvd
2. check md5 hash
3. burn & boot on a clean system
4. install tor
5. install bitcoin-qt -> network -> tor as proxy -> go online
6. link already loaded blockchain from usb-stick or usb-hdd (in case your RAM is to small for the 10GB block chain)
7. create a new wallet and encrypt it
8. create some receiver adresses
9. save encrypted wallet in a encrypted 7zip archive on some (2-3) micro sd cards
10. place the sd cards at different places (friends, parents, gf, in case of a house search or something like this)
That's how i did it.
If there are failures, please tell me.
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1. download debian live cd/dvd
2. check md5 hash
3. burn & boot on a clean system
4. install tor
5. install bitcoin-qt -> network -> tor as proxy -> go online
6. link already loaded blockchain from usb-stick or usb-hdd (in case your RAM is to small for the 10GB block chain)
7. create a new wallet and encrypt it
8. create some receiver adresses
9. save encrypted wallet in a encrypted 7zip archive on some (2-3) micro sd cards
10. place the sd cards at different places (friends, parents, gf, in case of a house search or something like this)
That's how i did it.
If there are failures, please tell me.
That sounds good.. If you trust tor. If you don't you'd do the same, but use macchanger and a random public wifi hotspot or something like that... In both cases, it might be a good idea to set up a iptable rule so that your computer only access the internets via tor (user debian-tor under debian for example).
:-)