Shamir secret sharing, passphrase, split seed phrase, multi sig etc are similar with each other where you're need two or more requirements to access your wallet. Nothing new about this technique to safe your seed phrase. I think there's no problem if you want to use this way to save your seed phrase, it's better than create song or poem with your seed phrase or convert to HEX code.
Topic: A idea from my home boy - page 3. (Read 674 times)
Instead of try to do what can make you to lose your seed phrase, why do you not use passphrase with the seed phrase? You can read about passphrase and it gives your coin additional security.
But know that if you forget the passphrase, you will lose your coins.
Backup the seed phrase and passphrase in different locations. You can have like two or three backup of each. You can do the backup on paper or steel or stainless steel sheets.
But know that if you forget the passphrase, you will lose your coins.
Backup the seed phrase and passphrase in different locations. You can have like two or three backup of each. You can do the backup on paper or steel or stainless steel sheets.
This is the best solution for upmost security.
- Destroy seed phrase upon wallet creation
- Store the backup file somewhere safe and secure it with an extremely secure passphrase that you will either remember or be able to know from very few hints
- Viola. Security.
The reason for doing this over doing the idea suggested in the OP is that if someone else finds those 10 words, it mightn't be as difficult to bruteforce the other 2 words than one would think. As Charles said too, those words are far from recoverable in comparison to a file secured by a complex passphrase which you can remember via hints.
That's a dangerous idea. I thi nk it's just better to keep 2 copies of your seed phrase. If you divide it and keep it in different places more chances that you'll lose some part of it. And counting on your memory is pointless, that's for sure.
It's better to safe the whole recovery seed in a secured location, why is he trying to split the seed words? What happened if he lost the two words? If he have the rest it still won't work, he is simply trying to make things more complicated for himself.
Tell him to find a nail and a silver plate of any kind and carve the whole recovery seeds on the silver plate and keep the plate in a safe location or a mechanical safe.
As we grow older there are things that becomes more important in our lives, if you go away for a while you can easily forget the words, or maybe you have an accident that affects your brain for a while? This is why it's bad storing anything in the brain.
Tell him to find a nail and a silver plate of any kind and carve the whole recovery seeds on the silver plate and keep the plate in a safe location or a mechanical safe.
As we grow older there are things that becomes more important in our lives, if you go away for a while you can easily forget the words, or maybe you have an accident that affects your brain for a while? This is why it's bad storing anything in the brain.
So if he lost those saved words say even if 4 words are lost do you know how hard or say impossible to brute force the remaining one to get access to wallet? This is totally dumb idea and keeping them off mind is totally stupid idea so it's not at all suggested to do.The other option is to write them down and Store them on 2-3 places so if one get damaged others are safe but complete list is necessary.
It's absolutely not wrong but what if you forget where you kept them? Or if the place where you keep the two words is not safe and they are lost? Why don't you generate a seed from 24 instead and use the extra word so that they become 25? You can create this new word and therefore it will be easier to remember. Furthermore, if they were to reach your 24 words, they would find an empty wallet and it would not attract attention as the real wallet can only be reached if it is unlocked with the password of your word.
Well, another good way is to add your own custom word in the seed phrase and then you do not have to remember or keeping safe the few words in other places. Because the words that you will write additionally to the seed phrase will always be remembered by you like your name, school name, anything but it should not be publicly attached to your personal life.
Because it will be attached then the hacker will definitely find it and will add those information in his datasets of brute force decryption method. But still, your idea is also good, but why only saving only few words, like if you are going to make some efforts to save few words then how much it will further cost us or takes more efforts to store more words. Let's say why not the full seed phrase.
Because what if you would not be able to find those missing words then what will happen. So the best practice is to keep all the seed phrase in different place like in anther device not connected to internet or write it down on any paper.
Because it will be attached then the hacker will definitely find it and will add those information in his datasets of brute force decryption method. But still, your idea is also good, but why only saving only few words, like if you are going to make some efforts to save few words then how much it will further cost us or takes more efforts to store more words. Let's say why not the full seed phrase.
Because what if you would not be able to find those missing words then what will happen. So the best practice is to keep all the seed phrase in different place like in anther device not connected to internet or write it down on any paper.
It's a good security method as long as you always remember the complexity. But there is no need to do this if you have adhered to the standard method of protecting and keeping your wallet safe. This technique could breed carelessness because you know that the seed phrase is complex. I am also concerned with transferring my coins to my next of kin in case of an emergency. Sickness and death are unpredictable, hence there is a need to make your wallet less complex so that your dependents can have access to them without much restriction. I am just considering how my next of kin will be able to have access to my wallet with all these complexities of removing words because it took long lectures for them to even understand the simple wallet security tips. A little confusion can make the coin to be lost forever.
Sounds safe but a complex one. Seed phrases will need to be entered in proper order, I hope he'll also remember from those 2 other words stored in his brain what comes next. It's not entirely stupid if we're talking about taking another extra layer of security as long as he will not going to forget that couple of phrases stored in his brain otherwise his btc will blend out of the circulation since it will be gone foreva.
My recommendation is that, he should keep all those phrases in one piece and store it in a all-calamities proof container, of course with a safety lock combination as well, and that combination should what is stored in his brain. Because remembering a combination of numbers you have created is easier than remembering a couple of words generated by a bot.
My recommendation is that, he should keep all those phrases in one piece and store it in a all-calamities proof container, of course with a safety lock combination as well, and that combination should what is stored in his brain. Because remembering a combination of numbers you have created is easier than remembering a couple of words generated by a bot.
Writing the seed phrase down in one place is a good idea and it will help you in the future when you misplace your phone or system that contain your seeds phrase, and you will be easily go back to those seeds phrase you write down to restore your money back. I don't think, I will advise anyone to divide their seeds phrase and write them in a separate places, which is not a good idea because it will be easy for such person to regret when he or she can't remember where the 2 seed phrase are in the house. Many people do all those things by writing the seed phrase for different places for past experiences purpose, because if your wife or children know Bitcoin and wallet very well, very easy for them to know seeds phrase of any wallets, and it will be easy for them to know how much their father has in his wallet.
This idea only makes storing phrases more complicated and difficult for ourselves and no one else. Instead of us just looking for a safe place to store our phrases, we now need to find 2 places to store them.
The way that I am using is to write my phrase on paper, but I will shuffle the position of the words. In case if they are exposed, thieves can't access my property either. Of course, there is still a risk if I forget the original position of the words, but another thing is that I always share it with my loved ones. So if I forget it, my relatives will remember it for me.
The way that I am using is to write my phrase on paper, but I will shuffle the position of the words. In case if they are exposed, thieves can't access my property either. Of course, there is still a risk if I forget the original position of the words, but another thing is that I always share it with my loved ones. So if I forget it, my relatives will remember it for me.
I won't personally do this, but, yeah, it's probably safer this way. If somebody found the 10 of the 12 or 20 of the 24 seed words, they still can't have access to your funds. If somebody found the 2 of 10 or 4 of 24, they also can't lay their hands on your money. But this also poses certain risks. What if you can't find all of them? What if you forget the sequence of those words?
But I guess it's pretty much manageable this way rather than make a puzzle out of your backup. I also think having more than 2 copies of each is better.
But I guess it's pretty much manageable this way rather than make a puzzle out of your backup. I also think having more than 2 copies of each is better.
Give your answers please, stupid? Cool? Not great? No need?
you home boy just made it more complicated, because the problem here is that in the end, if the owner of the seed phrase lost or forget either part the seedphrase, they still will most likely lose access to the coins that is in the wallet. for me, the best way to save a seed phrase is to print it, make copies of it, properly store it and secure it. hero member
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Every idea that have an advantage will also have disadvantage. There's huge risk in split sees phrase not talk about keeping the seed phrase off head which is totally naive of not thinking of the possibility of having dissociative amnesia which could lead to forgetting some important things.
I will suggest he get metal steal that's tested for heat, corrosion, and acid test from Jameson Lopp, get a safety deposit box, and keep it there.
I will suggest he get metal steal that's tested for heat, corrosion, and acid test from Jameson Lopp, get a safety deposit box, and keep it there.
I don't understand what would be the purpose of this? If someone were to lose a seed phrase missing only the last two words, how hard is it to brute force with today's hardware? On the other hand, if you lose or forget those two words, you've created a complicated situation for yourself. For me, a better solution is to use a passphrase so that you have better security. This way, instead of memorizing two random words from a seed phrase, you have to memorize an arbitrary phrase that can be something easy to remember but known only to you. For example, the first sentence from your favorite book, or something like that.
That is not too bad, but for him to remember the splited ones is the major issue. But if he can remember them then it is not a bad idea. because I noticed that he is trying to make sure that when he mistakenly lost the one he has written down and someone found it and want to use the seed phrase to login to the wallet and since two words are missing, he could not do that. Written the two words down and still memorizing them in your brain is a good arrangement of storing seed phrase.
Not too bad, but remembering the splitted location is really a big issue. Keeping two words memorized is really good and makes it more secure. However we don't know what happens the next minute, and for that reason we're supposed to keep one of our close person informed about the recovery phrase. In such scenario how can that be done. The plan to keep words splitted is good, but there needs to be few backups and locations were entire phrase is kept for the future. 
Something so simple and yet, one of the most difficult to find a perfect way of keeping it. There is no single perfect way, all means that ensures safety from others works.
Living out just 2 of them words seems great and however, having them saved in 2 different locations. You just try not to loose them but, these words aren’t yours, make one mistake and it’s all gone.
What I would say is; what ever works is what the owner of the wallet ought to be doing or use as an approach towards securing his or her wallet.
There is no single smart means to saving your seed phrase or private key, you use whatever would be more difficult for others but easy for you.
Always remember that being too security conscious could as well endanger you as many at times, you end up not just securing the wallet from others but securing it from yourself as well.
Living out just 2 of them words seems great and however, having them saved in 2 different locations. You just try not to loose them but, these words aren’t yours, make one mistake and it’s all gone.
What I would say is; what ever works is what the owner of the wallet ought to be doing or use as an approach towards securing his or her wallet.
There is no single smart means to saving your seed phrase or private key, you use whatever would be more difficult for others but easy for you.
Always remember that being too security conscious could as well endanger you as many at times, you end up not just securing the wallet from others but securing it from yourself as well.
Ok, good day fellas, someone brought up an idea for storing his Electrum recovery seed to my notice and I feel it's not entirely still safe and I will like to share here for some feedbacks before I tell him my final answer about the idea.
If you get your recovery seed from any wallet, either those with 12 seed words or 24, and you decide to write down 10 out of 12 or 20 out of 24 and keep the other two words separately somewhere else, how stupid or cool is this? He claimed he will keep the two words in a safe location different from the other words and also store the two words off head.
Give your answers please, stupid? Cool? Not great? No need?
Giving almost 80% of those private seed phrase then having that someone do aware about that will really be completely risky. Somewhat its really hard to bruteforce or trying out to find that missing 2 words but to know that having that possibility wont really be giving out that kind of confidence on your wallet total security.If you are that someone who do really give out importance about your wallet security then you should really be the only one who would really be having that awareness or do know about those keys or else you would really be putting your funds at great risks.If you get your recovery seed from any wallet, either those with 12 seed words or 24, and you decide to write down 10 out of 12 or 20 out of 24 and keep the other two words separately somewhere else, how stupid or cool is this? He claimed he will keep the two words in a safe location different from the other words and also store the two words off head.
Give your answers please, stupid? Cool? Not great? No need?
Its not something that should really be given out something even if you are both siblings or family members or best friends but still when it comes or in talks about money then its a different story.
Store it up on somewhere that it is really that far away on others attention or would really be able to know because once it would be known then say goodbye with your funds.
Ok, good day fellas, someone brought up an idea for storing his Electrum recovery seed to my notice and I feel it's not entirely still safe and I will like to share here for some feedbacks before I tell him my final answer about the idea.
If you get your recovery seed from any wallet, either those with 12 seed words or 24, and you decide to write down 10 out of 12 or 20 out of 24 and keep the other two words separately somewhere else, how stupid or cool is this? He claimed he will keep the two words in a safe location different from the other words and also store the two words off head.
Give your answers please, stupid? Cool? Not great? No need?
It sounds cool to keep it away from strangers but is not the best for the owner of the seed phrase, it is very risky , any thing can happen which it can be difficult to get access to any of the books. We are humans that sometimes memories can be lose to remember where one of the books was kept. I think recording the total number of the phrase in the same place is safe for future , some people even find it difficult to take care of their seed phrase in a place where it is stored safe, talk about when it is being split in different places. Putting them together to store in a safe place is even the best and safest way to store seed phrase. If you get your recovery seed from any wallet, either those with 12 seed words or 24, and you decide to write down 10 out of 12 or 20 out of 24 and keep the other two words separately somewhere else, how stupid or cool is this? He claimed he will keep the two words in a safe location different from the other words and also store the two words off head.
Give your answers please, stupid? Cool? Not great? No need?
Someone must have done all these already. It would be stupid to do it here in the forum though.
Hope no one figures out where he stores it. Because if you have same username on other accounts, you will be traced and someone might just get your coins.
This idea could get people to hunt seed on the internet, its gonna be play time for those internet detectives. Those guys are really good at it, they will be able to find your accounts and find the other seed words.
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