Best way to store and forget btc? - page 2.

DoomDumas

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Quote from: Remember remember the 5th of November on November 01, 2013, 11:06:19 AM

Quote from: revv on November 01, 2013, 03:16:16 AM

I plan on investing 5-10k into btc and am wondering what would be the best way to store and forget about them?

1. Buy coins.
2. Send them to 1BitcoinEaterAddressDontSendf59kuE.
3. You can now forget about them.

LOL

to make sure everyone understand.. This adress have no known private key, then, every bitcoin send there will never be moved from there ! Destroyed !

DoomDumas

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Quote from: ?? on ??

Paper wallets and backup wallet.dat on USB/CD a few times, just to be safe..

This, with copy in different location !

devthedev

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I recommend printing a paper wallet from blockchain.info or bitaddress and store your bought coin on your paper wallets.

Generally it's easier to keep a piece of paper secure than your computer. Cold storage is now the way to go with the growing number of security threats to computer systems.

tskweres

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I would suggest a safety deposit box with either USB or paper wallet

And make sure to buy your coins on CoinMKT.com

AndrewWilliams

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Quote from: PrintMule on November 01, 2013, 05:06:43 PM

you all forget that it also has to be safe from the user's forgetfulness

it has to have some backup options too

dog's collar? what the hell are you thinking? And if it runs off or something? Same goes to other examples.

Then put it on 3 separate dog's collars.

The chance of all three dogs running away it once is 1 in a billion.

Plus, I like the fact that my dogs are not going to let you get the USB stick without a fight ... hehe.

If you really want to have some backup options, try putting it on the collar of a few cats. The odds of catching the cat would really make someone work for it, LOL!

bg002h

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Safepaperwallet.com

bitcoinchecker

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What do you guys think of these ...

http://www.bit-card.de/cards/passphrase-protected-cards-two-factor/passphrase-protected-wallet-cards.html

Are they secure?

By secure, I mean in the process of generating the password/private key using a so-called verification key.

Are keyloggers the only thing to worry about?

dsattler

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Quote from: BitchicksHusband on November 02, 2013, 07:13:52 AM

Quote from: dsattler on November 02, 2013, 02:32:17 AM

Don't use a CD or DVD because they are not robust enough! You don't know if you can read them properly in 10 years. I wouldn't even recommend USB sticks, they can die too (maybe cheap interface electronics). Make a paper wallet and copy the wallet.dat several times to a SD card from a decent manufacturer (I recommend sandisk).

The idea with the dog tag is also very good, but I think it's too expensive...

I have burned CDs that are almost 20 years old that still read perfectly. I don't buy the whole CD degradation thing. I had a batch of bad CDs that degraded almost immediately (first year). Other than that, they all work still.

If you want to stick to CDs, have a look at this: http://www.mdisc.com

The "M-Disk" features a stone-like surface and should last 1000 years! Shocked

BitchicksHusband

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Quote from: dsattler on November 02, 2013, 02:32:17 AM

Don't use a CD or DVD because they are not robust enough! You don't know if you can read them properly in 10 years. I wouldn't even recommend USB sticks, they can die too (maybe cheap interface electronics). Make a paper wallet and copy the wallet.dat several times to a SD card from a decent manufacturer (I recommend sandisk).

The idea with the dog tag is also very good, but I think it's too expensive...

I have burned CDs that are almost 20 years old that still read perfectly. I don't buy the whole CD degradation thing. I had a batch of bad CDs that degraded almost immediately (first year). Other than that, they all work still.

porcupine87

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hm

Quote from: revv on November 01, 2013, 03:16:16 AM

I plan on investing 5-10k into btc and am wondering what would be the best way to store and forget about them?

Yeah if you want to forget them send them to me Wink

I stored once 5btc:
2way: I made a brain wallet with bitaddress.org and stored the private key in an text file and put in a Truecrypt container. And saved the bitaddress.org.html.

Point of failure: password. I took the first letters of one of my all time favorite songs + two numbers.

LiteCoinGuy

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In Satoshi I Trust

Quote from: dsattler on November 02, 2013, 02:32:17 AM

Don't use a CD or DVD because they are not robust enough! You don't know if you can read them properly in 10 years. I wouldn't even recommend USB sticks, they can die too (maybe cheap interface electronics). Make a paper wallet and copy the wallet.dat several times to a SD card from a decent manufacturer (I recommend sandisk).

The idea with the dog tag is also very good, but I think it's too expensive...

I have cd roms that are 20 years old and working. Nothing is 100% safe but it wont happen
That several cds and usb sticks are damaged in 5-10 years. Dont buy the cheap ones.

TheButterZone

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RIP Mommy

My brother has a B&D dremel knockoff. I wonder which bit is the engraver one that keeps it from spinning out of control.

justusranvier

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Quote from: seafarer124 on November 02, 2013, 03:42:38 AM

stainless steel

Better: http://www.mtialbany.com/metals/inconel/

seafarer124

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Quote from: Stapleddiet on November 02, 2013, 03:25:15 AM

Quote from: dsattler on November 02, 2013, 02:32:17 AM

Don't use a CD or DVD because they are not robust enough! You don't know if you can read them properly in 10 years. I wouldn't even recommend USB sticks, they can die too (maybe cheap interface electronics). Make a paper wallet and copy the wallet.dat several times to a SD card from a decent manufacturer (I recommend sandisk).

The idea with the dog tag is also very good, but I think it's too expensive...

A few bucks on a dremaltool(sp) to engrave it yourself.

Good idea, could engrave on a piece of stainless steel, drill a hole in the steel and screw it to somewhere hidden in your home.

User705

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First 100% Liquid Stablecoin Backed by Gold

Best way. Send them to me and I promise to forget that you did so. Wink

2nd best way if you are planing to store it on any metal medium or in similar fashion consider altering some digits so even if someone finds it they can't just take your coins. BTW altering 1 digit isn't enough as I learned https://bitcointalksearch.org/topic/cold-brain-wallet-security-question-316979

Radelderth

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Quote from: revv on November 01, 2013, 03:16:16 AM

I plan on investing 5-10k into btc and am wondering what would be the best way to store and forget about them?

bitcoin-qt, email it to yourself the backup files and set a reminder 10 years later.. Delete your bitcoin-qt after that

Stapleddiet

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Quote from: dsattler on November 02, 2013, 02:32:17 AM

Don't use a CD or DVD because they are not robust enough! You don't know if you can read them properly in 10 years. I wouldn't even recommend USB sticks, they can die too (maybe cheap interface electronics). Make a paper wallet and copy the wallet.dat several times to a SD card from a decent manufacturer (I recommend sandisk).

The idea with the dog tag is also very good, but I think it's too expensive...

A few bucks on a dremaltool(sp) to engrave it yourself.

TheButterZone

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RIP Mommy

Quote from: dsattler on November 02, 2013, 02:32:17 AM

The idea with the dog tag is also very good, but I think it's too expensive...

If you order one online, they're around $10 USD, probably around the same for one of those dogtag machines at Walmart. You'd need to trust that no copy is kept or transmitted at that moment, though. The other way is to buy dogtag blanks online, and a upper/lowercase letter and number punch kit for $50-100 and pound them in yourself.

dsattler

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Don't use a CD or DVD because they are not robust enough! You don't know if you can read them properly in 10 years. I wouldn't even recommend USB sticks, they can die too (maybe cheap interface electronics). Make a paper wallet and copy the wallet.dat several times to a SD card from a decent manufacturer (I recommend sandisk).

The idea with the dog tag is also very good, but I think it's too expensive...

Jan

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Whatever you do make sure to VERIFY that you can import the private key again.

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