Posted:
#126
Quote Originally Posted by kaponofor3:
This is silly. The bubble will have to burst at some point. With this increased value too, you have to wonder if hackers won't start to try and hack into a bucket load of these like they have before.
This is silly. The bubble will have to burst at some point. With this increased value too, you have to wonder if hackers won't start to try and hack into a bucket load of these like they have before.
You are so correct. Hackers are furiously attacking all the time. The safe way is to store the bulk of your BTC in an offline wallet (an unplugged flash drive not connected to the internet) and transferring what you need to an online wallet.
It's like keeping your $5000 in your basement safe, but having $200 in your pocket. If you get mugged or pickpockted of the $200, you've lost $200.
Also successful hacking would be aimed at getting you to give up your passwords, which by the way, nobody in the world knows except you. Difficult to brute-force the actual encryption keys, given the level of encryption. Would take the fastest computers a trillion years or something to that effect.
If you lose your password, all the money in that wallet is lost forever. Nobody can get it for you. That's why you should multiple wallets with multiple backup copies of each.
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