Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

http://www.theverge.com/a/anatomy-of-a-hack#mailcom

Scary stuff. 2-factor everything people.

Thats a great read.

Before buying my first bitcoin in December of last year I spent probably about three months looking at types of wallets and ways to keep your stash secure. In the end I have opted for the brain/paper wallet methods for my main holding and use online exchanges such as blockchain/coinbase for very small amounts for trading/gambling/purchasing.

I think really security is the BIGGEST problem for most people (even someone like me who is NOT a programmer/hacker but IS very competent on computers) had to really rack my brain with all this security stuff.

Again great read... I am not sure what I would do if I somehow ended up with crazy amounts of bitcoins. I think I would be very paranoid

With crazy amount of bitcoins you would be able to afford Trezor and computer, dedicated to bitcoins only.

I believe much of his problems would have been prevented if he did not use the Authy backup function. That way 2fa keys stay on the phone only and cannot be synced to other devices, i.e. the thief's phone.