Quote:
Originally Posted by MyBitcoin
You don't have to mine. It's purely optional.
If your computer is holding your wallet.dat and it is hacked, you now have a duplicate wallet file "in the wild". It's like me making a copy of your credit card. If you catch the hack fast enough you can quickly spend all of your coins to another computer. This would make the other copy of your wallet.dat obsolete.  |
So what you are telling me in effect, is that provided I monitor my computer 24 hours a day, and catch the hack immediately, and immediately send (SPEND?!?!?!?) all my coins to another computer (in effect send all my money to another user/entity), before the hacker is able to spend them, then the system is fairly secure? So it is now a race who - me or the hacker - is able to spend the funds quicker?!?
What am I missing here?!?
I, for one, like being able to sleep in really late, and start my work day at 10am. This is why I chose to be self-employed. So you're saying that to keep my funds safe from being hacked, I should fore-go the sleep I enjoy so much, so that I can quickly send all my funds to another user - if I get hacked?!?
And for the record, no I am not being facetious here, I am really trying to understand how this works, and if it is something that I can integrate into my business.