How the Bitcoins Were Stolen from Mt. Gox [video]

Re:How the Bitcoins Were Stolen from Mt. Gox [video] by gesman on Sunday September 17, 2017 @09:57PM (#15272843)

Also - it's a perfect non-electronic way to have your funds.

Seed could be a sequence of words (this thing needs to be backed up and stored safe!)

Huge advantage is that you can save the seed in safety deposit box in a bank, written on paper - totally non electronic way.

Then you can recreate wallet from seed at any time and manage your funds.

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Re:How the Bitcoins Were Stolen from Mt. Gox [video] by pocketsquare2 on Sunday September 17, 2017 @11:04PM (#15273102)

Sorry, but how is that any more non-electronic than storing your ATM PIN in a safe? Given that the weakest security link is invariably human.

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Re:How the Bitcoins Were Stolen from Mt. Gox [video] by AgentME on Monday September 18, 2017 @04:14AM (#15274158)

The ATM situation has a ton of links including your bank and the possible records of everywhere you've used your debit card.

If your bitcoin private key only exists on a piece of paper and not on any networked computers, then there's no way that malware or a company being hacked or an exchange going down is going to affect its balance.

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