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You could also lose $81,000 in cash by setting it on fire. Care should be taken with any large currency transaction, digital or otherwise. Though the delicacy
by dreamux 15y ago
You could also lose $81,000 in cash by setting it on fire.
Care should be taken with any large currency transaction, digital or otherwise. Though the delicacy of data (from a consumer storage standpoint) is definitely a hit against the concept.
- wccrawford 15y ago'Delicacy' doesn't cover it, in this instance. He DID backup the wallet, and it still destroyed his money.
- mashmac2 15y agoWell, he doesn't actually say that it happened to him... just that it could happen.
- etherealG 15y agoactually, this is based on something that actually happened to someone
- noodle 15y agocorrect me if i'm wrong (i don't know enough about bitcoin), but wouldn't it also be the case that he would've lost his money if he shut down the live CD system before backing up his data? edit: 1 hr later, upvotes with no correction, so i think "delicacy" does cover it. why would you send $81k to a system that could lose it with a power outage, crash, accidental shutdown, etc?
- wccrawford 15y agoYes, that would also lose the data. My point was that 'delicate' isn't nearly strong enough of a word. If you can make diligent backups and still lose everything, the system is beyond 'delicate'. Another post notes that newer clients have fixed this issue by pre-generating addresses. That's better, but being able to lose all your money because you lose a number just isn't acceptable.
- noodle 15y agowell, i'd expect clients to eventually evolve that allow you to automatically back up your stuff. the currency and concept just isn't that evolved yet.
- bhousel 15y agoWill my homeowners insurance policy cover damage to my bitcoin wallet?
- kemiller 15y agoDelicacy is an understatement when the smallest transaction puts the entire wallet at risk every time.
- forgotmyuser 15y agoI couldn't agree more!