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Bitcoin: Beyond The Bubble

Discussion in 'Blockchain, Bitcoin and Cryptocurrencies' started by Scott7, May 3, 2018.

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  1. Horshack

    Horshack Membership: Community

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    Horshack, May 17, 2018
    #21
    Scott7, chris and Bacon Farmer like this.
  2. chris

    chris Administrator

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    auDA Member:
    Yes
    I think we'll see hardware wallets keep improving and become more user friendly.

    Key management is an interesting topic, I've heard of a few companies that offer it as a service. Don't know how they work though. They're the same companies that offer backup tape storage etc.
     
    chris, May 18, 2018
    #22
    Scott7 likes this.
  3. Bacon Farmer

    Bacon Farmer Membership: VIP

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    So a secure storage service, like a bank.
     
    Bacon Farmer, May 18, 2018
    #23
  4. Scott7

    Scott7 Membership: Trader

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    An Australian with a positive word to say about banks. This is rare air. It could go viral. :D
     
    Scott7, May 18, 2018
    #24
  5. chris

    chris Administrator

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    auDA Member:
    Yes
    Sort of like a vault, but where they will collect your devices onsite and have a few checks for ID etc.

    That said they're probably overkill for 99% of users. From what I've seen, a hardware wallet for offline storage is seen as best practice and more than adequate.
     
    chris, May 18, 2018
    #25
  6. Bacon Farmer

    Bacon Farmer Membership: VIP

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    Scott, every adult you know has a bank account. I'm in good company.

    Chris, at what level of value would you keep something around the house before you think about putting it in a secure location.
     
    Bacon Farmer, May 18, 2018
    #26
  7. chris

    chris Administrator

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    Yes
    Depends... some people are more cautious than others, I prefer to take extra steps whenever possible. I'm not talking tinfoil hat stuff, but 2 factor auth, encryption, etc.
     
    chris, May 19, 2018
    #27
  8. findtim

    findtim Membership: VIP

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    auDA Member:
    Yes
    oldy but a goody
    " a backup isn't a backup unless the backup is backedup " !

    helena asked me for my tax file number this week, i grabbed my mobile and when to TFN as i set it as a phone number.

    put your keys in your phone, people won't know what that number means ! your laptop, wifes laptop, wifes phone, paper at you mother in laws ! get a tattoo LOL

    they a "dog chipping" kids with gps in the usa ! so go chip yourself !

    i don't see the security problem
    tim
     
    findtim, May 19, 2018
    #28
  9. Data Glasses

    Data Glasses Membership: VIP

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    Data Glasses, May 23, 2018
    #29
  10. Scott7

    Scott7 Membership: Trader

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    Yeah, better to go with CoinJar or CoinSpot for crypto purchases in AUD.
     
    Scott7, May 23, 2018
    #30
  11. Data Glasses

    Data Glasses Membership: VIP

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    Yep CoinSpot seems like a better choice thanks
     
    Data Glasses, May 23, 2018
    #31
    Scott7 likes this.
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