Saturday, July 23, 2011

Bitcoins in neutral

Here is a good Bitcoin tracking site.

Users are working on the theft problem, it is evidently caused by viruses entering the personal computer and extracting wallet.dat, which should be for owner only.

This is not a systematic problem, which is what concerned me. This is a user data protection problem, to be solved with better technology at the user computer. I think the solution is at hand, mainly Bitcoin applications will require a human at the PC with a password to open and close the Bitcoin applications. To prevent further spoofing, the Bitcoin core application really needs to be in read only memory, a smart card perhaps.

Repeat, the security problem at this time is not systematic as near as the technoweenies can determine.

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