Quote:
Originally Posted by facialfreak
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?!?  |
Your wallet.dat is just like your real wallet. Do you carry all of your net worth in your back pocket? No, of course you don't.
There are many solutions here. You can split your coins into many wallet.dat files and keep them on thumb drives. You can even print (yes, print) your coins to paper and put the pages in a safe deposit box. If you happen to trust me (I'm not saying that you should), you could even keep some of your Bitcoins over at MyBitcoin.com.
In my previous statement I was just illustrating a unique way to make a copied wallet.dat file useless to an attacker. You can just spend them to another computer you control. Ie: your desktop to your laptop.
Quote:
Originally Posted by facialfreak
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?!?  |
We can talk about "what ifs" forever.
Really.
"What if someone hacks your website and sends your joins to their processor?" etc etc
Quote:
Originally Posted by facialfreak
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.
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Hey, no problem.
I'm not easily offended or deterred. Ask me more questions!