Topic: [ANN] #takebobbysbitcoin Ballet REAL BITCOIN Wallets - page 2. (Read 1505 times)

no one is going to crack the passphrase for the one or the private key for the other - unless one of the workers has access but per Bobby all that data is deleted so that means no one is gonna get it.

Over 3 Months.... nearly 27.5k

The site has been live for a month now.....

Just wanted to say that I got the Ballet PRO series wallet and at first I was having trouble with the iPhone app that is used to manage the coins.  Customer service was able to troubleshoot the app issue - which may or may not have affected others - and now it's working smoothly.   I've tested sending coins to/from the wallet and it works smoothly.  It's a nifty product for sure.  The three copies of the same wallet that can be stored in three different geographical areas is something of a break-through in my opinion.    They're even sending me a free REAL Ballet just to solidify the relationship, for the hassle.  Thanks Bobby/Ballet!

Hi Bobby,

Thank you for the response and confirming these were plucked from the same production as every other wallet. I never doubted that they were made special for the hacking contest, but thought I would mention any potential flaws in the process in case any readers are lurking. The Separation of Duties is one of the common core principles in accounting and it makes sense to use them when creating keys and/or wallets. Kudos!

Using my ballet wallet was only a suggested entropy/randomness use case, as you or Ballet obviously couldnt know when making my wallets that I would have posted about production process integrity.

So you're saying if you send me 1 bitcoin, I only have to send you one back?  

Bump

we all know how hard it is to hack a private key - this is basically a private key for your private key - without both, neither is of use.

Just my 2bits...
I ran an experiment a while back to try and confirm plus understand how to sweep a collectible/physical coin so I bought a few pre and post forked Satoris! I used Ballet wallets to do it based on Charlie's recommendation and I simply cannot come up with enough words to explain how simple, seamless and magical the entire process was. I was so happy with how easy it was and now that even much more time has since gone by since that test experiment I ran I'm now even more confident in using Ballet for many reasons. I'm beyond pleased with my Ballet wallet purchases and love the fact you put this experiment out in the wild for the super savvy people to try and hack. Will be added confidence and security if this passes this huge but necessary test. I remember when I was in Tampa last year and I had explained my experience with Ballet and anonymousminer specifically mentioned something like this right here which is put it out there and if they think it's hackable then let them try! So great work to all of you involved in this! This is a great way to calm some people's nerves. I personally would trust Ballet to peel a high value item if I ever needed to peel something. And if not needed for peeling I love handing a few out to soon to become BTCers  . Wishing everyone all the best!


HK8

Hi SatsLife,

Thank you for asking this very important question. I can tell you that for both of these wallets (serial numbers AA009926 and AA012381) were taken from the manufacturing / production process in Las Vegas. In other words, these two wallets were manufactured in the exact same was as the thousands of other Ballet wallets, and went through the exact same process and procedures.

These two wallets were NOT especially made for my hacking contest, nor were they "hardened" for security against hacking.
In fact, what I did was actually made them EASIER to hack, as I fully revealed one of the two critical components for each of the wallets: the BIP38 passphrase, and the encrypted private key.

And to directly answer your question: it wouldn't make sense for me to send you 1 BTC to your Ballet wallet, as that's essentially me giving you the 1 BTC, right?
Or unless you want to return that wallet to me, for my safekeeping, and for me to load some more BTC on it, for a hacking contest?


In any case, the purpose of my hacking contest is to show that:

1) our wallets uses 2-factor private keys, which happen to be made (and generated) in different geographic locations, and that these 2 components don't even come together at all during the manufacturing process.

2) due to the nature of BIP38 encrypted private keys, since the two components were never mixed together, even we, Ballet, have NEVER constructed the private keys for each of the wallets we make and sell.

3) even if someone were able to steal just 1 of the 2 critical components (either the BIP38 passphrase or the encrypted private key), that in of itself is not enough to hack the wallet, as it'll take an inordinate amount of computing power to guess the other part.


Hope that helps!

thanks,
Bobby

well then the raven one would be the only one they made that I dont have - I think. I will have to find a list of them - or maybe make a list.

You will be impressed by the pro series....and they did make the ravencoin ones.

I just ordered a set of the PRO series - should be here on Monday. Outside of the Blocks - I should then have one of all the wallets they have done - with exception of the Ravencoin one - I saw it on kickstarter - still not sure if they ever actually did it though. But if they did, then I dont have that one either.

Those distrustful people can shut up with the PRO series  

I don't know what the outcome of this experiment is going to be, but I think it's a good PR move for the Ballet wallet--and I do recall reading a thread in which it was heavily criticized.  Unfortunately, the wallet still suffers from the same barrier that any new HW wallet coming onto the market these days does, which is the test of time.  Some people might take comfort that Bobby Lee is doing this and might try out a Ballet, but I don't think they're going to become anywhere near as popular as the leading HWs out there until they've been on the market for a while.

That's probably a good point.  There's always the possibility that this isn't what it appears to be, much like a lot of other things in crypto.  Hopefully that's not the case here.

Not sure what people understood, My suggestion was for the people who doesn’t trust other coin/wallet makers.

There are millions of $$$ in just a handful of coin types(Cas, Lealana, BTCC,etc). Point is either u trust them or u don’t..

After such a beautiful series of btcc coins, I personally have no doubt about Bobby or his new venture with Ballet cards.

Also I have already used couple of ballet cards for quite a big transactions where I did redeeming, deposit, exchange as well withdraw without any issue and doing all that just with their easy to use Mobile App.

correct. the safety of his process. if someone steals our ballet crypto wallet it wont matter.

How can one verify that the specific wallets he is using went through the same production process as the ones I might have? Or you might have?

Have him send me 1 bitcoin to my ballet wallet and post that one. I have one unopened we can unbox live.

This is to demonstrate the protection you have from rouge employees or malware at Ballet. Because the private key and passphrase are generated and engraved in separate geographical locations no single employee has enough information to compromise these wallets.

Maybe you didn't read the thread closely.  Sure you could do the same thing, but your company didn't just surpass 21M in deposits.  Bobby has been battling FUD from the start about the Ballet wallets not being secure from some people.  I'd think something like this would shut a lot of those people up.

I think his point is that even with the private key you cannot take it because of the pass phrase. but I would think that for someone to have the private key, they would have the wallet and thus the bip38 pass phase as well.