41–50 of 61 posts
Did you have a mac / windows computer? Do you have any antivirus software installed?
It would seem that you understand Bitcoin very well.
A review of all of the hacks/breakins/inside jobs since 2011 would have told you this already. You DID research its history, rather than jumping in blind, right?
This is a reason why I never leave my BTC in Coinbase. As soon as my purchase goes through, I transfer the BTC to a paper wallet[1] or digital wallet that I control. [1] https://en.bitcoin.it/wiki/Paper_wallet
Well, in my view CoinBase with two factor auth is as or more secure than leaving it on my physical computer. If this person had enabled two factor auth this wouldn't have happened. I was under the impression that 2 factor auth on CoinBase wasn't optional, but I guess not. CoinBase should also be failbanning any computer trying to brute force the same account with more than one password.
By immediately transferring the BTC to a paper wallet address generated on a secure, offline computer, it is simply impossible to withdraw the BTC without possession of the information on that physical piece of paper. This is far more secure than any digital or two factor auth.
Edit: I notice that Coinbase does store the vast majority of their BTC in paper wallets[1]. The problem is, Coinbase still has a copy of the private keys associated with your BTC address. While this may hinder the efforts of outside attackers, there still exists a vulnerability with those employees who have access to the systems that move BTC from cold to warm storage. That's why your BTC should always reside in an address you generated yourself and solely possess the private key to.
[1] http://blog.coinbase.com/post/33197656699/coinbase-now-stori...
Looks like you didn't have Two-Factor enabled https://news.ycombinator.com/item?id=6947037). Enable it now. We've stopped lots of Coinbase account password compromises. Most of the time we see that the e-mail was hacked.
Do the following:
1. Enable Two-Factor Authentication on your e-mail.
2. If you use GMail, go to Settings -> Forwarding POP/Imap. Check that no "weird" addresses are added to your account.
3. Change your E-mail password.
4. Change your Coinbase password.
If you have Two-Factor enabled we can also temporarily block your account if you suspect a hacker is trying to get into it. Contact us at support@authy.com and we'll block it.
Authy founder here (we do Two-Factor Auth for Coinbase). Looks like you didn't have Two-Factor enabled https://news.ycombinator.com/item?id=6947037 ). Enable it now. We've stopped lots of Coinbase account password compromises. Most of the time we see that the e-mail was hacked. Do the following: 1. Enable Two-Factor Authentication on your e-mail. 2. If you use GMail, go to Settings -> Forwarding POP/Imap. Check that…
I might also encourage Coinbase to limit the maximum dollar value of transfer from an account to, say, $100 per day until someone enables two-factor auth. Typically people have very poor security habits, and strongly encouraging them to improve them will help both users and Coinbase's reputation.
Hilarious. The reason for bitcoin is lack of regulation. You know that right? You're using bitcoins and not dollars because it's not regulated and subject to the same oversights and related fees. So basically you want the government to have no ability to lock down funds or regulate transfers, yet you also want the ability for the government to step in and stop people who have stolen your bitcoins. Can people really b…
(Out of interest, did you "make money" from bitcoin, when it was going up)
Hilarious. The reason for bitcoin is lack of regulation. You know that right? You're using bitcoins and not dollars because it's not regulated and subject to the same oversights and related fees. So basically you want the government to have no ability to lock down funds or regulate transfers, yet you also want the ability for the government to step in and stop people who have stolen your bitcoins. Can people really b…
What do you mean "random websites"? It's Coinbase, the most reputable bitcoin wallet that exists. (Though they have had a few troubles as of late.)
> A hacker can simply break into your account, steal your bitcoin by sending it off to his own account, and no one has to hold any type of accountability? I thought lack of regulation was one of the features of Bitcoin.
Why are you comparing Coinbase features with Bitcoin features?
If you turned on your API key Coinbase and someone obtains that key, they can transfer coin on your behalf. From a productive paranoia perspective, I think this is a REALLY BAD IDEA for exactly the reasons posted here. People will use that key to 'try out' coinbase, and then end up forgetting to check their code and upload it to Github or Pastebin and then WHAM, you've got two problems: your Bitcoin is gone and Coinb…