Bitcoin vault cube !!! Save your Bitcoins for 10 years

Bitdonator

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Quote from: gogxmagog on June 05, 2015, 03:49:08 AM

I've been cutting holes in the gyprock of the walls where I live and sealing in valuables for a long time. Many people do it. Old trick. No one can tell no one could guess. A little cube however... Too easy to carry away.
There is a book (many books?) on how to hide things. Basic idea is to integrate your stash into your regular surroundings.

this is also nice idea how to hide your stash.
Hole on top of the door

http://www.idealistrevolution.org/door-hiding-spot/

gogxmagog

legendary

Activity: 1456

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Ad maiora!

I've been cutting holes in the gyprock of the walls where I live and sealing in valuables for a long time. Many people do it. Old trick. No one can tell no one could guess. A little cube however... Too easy to carry away.
There is a book (many books?) on how to hide things. Basic idea is to integrate your stash into your regular surroundings.

wlefever

legendary

Activity: 1174

Merit: 1001

Quote from: ?? on ??

Nice idea.

But always keep a backup of your keys.

Make 2 cubes with same address, store in different places.

I just ordered a cryptosteel on indigogo Wink

I ordered a cryptosteel on indiegogo as well! Nifty little piece, and will definitely keep my bitcoins safe Grin

Bitdonator

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Activity: 1223

Merit: 1002

Quote from: AT101ET on May 31, 2015, 05:19:22 PM

Quote from: Bitdonator on May 31, 2015, 01:51:25 PM

Quote from: Possum577 on May 31, 2015, 01:25:46 AM

Doesn't drywall burn?

That would make a pretty weak safe, no?

Its not a drywall, only gypsum.
... and its more safe and fire resistant than paper wallet.

p.s. ( Dont throw your cube in flame. Cheesy

)

Even if my storage was made of fire proof materials I wouldn't purposely throw it in the fire because why take the risk. It's not worth it just to see whether or not it can withstand the elements.
Better be safe than sorry. I think it's only really meant to add some protection in the event of fire etc.

There is anti fire paint based on acrylic acid, its cheap and easy to apply.

http://www.alibaba.com/product-detail/Anti-Fire-Rated-Acrylic-Acid-Paint_60242791551.html

AT101ET

legendary

Activity: 3178

Merit: 1348

Quote from: Bitdonator on May 31, 2015, 01:51:25 PM

Quote from: Possum577 on May 31, 2015, 01:25:46 AM

Doesn't drywall burn?

That would make a pretty weak safe, no?

Its not a drywall, only gypsum.
... and its more safe and fire resistant than paper wallet.

p.s. ( Dont throw your cube in flame. Cheesy

)

Even if my storage was made of fire proof materials I wouldn't purposely throw it in the fire because why take the risk. It's not worth it just to see whether or not it can withstand the elements.
Better be safe than sorry. I think it's only really meant to add some protection in the event of fire etc.

Bitdonator

legendary

Activity: 1223

Merit: 1002

Quote from: Possum577 on May 31, 2015, 01:25:46 AM

Doesn't drywall burn?

That would make a pretty weak safe, no?

Its not a drywall, only gypsum.
... and its more safe and fire resistant than paper wallet.

p.s. ( Dont throw your cube in flame. Cheesy

)

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Doesn't drywall burn?

That would make a pretty weak safe, no?

AT101ET

legendary

Activity: 3178

Merit: 1348

Quote from: Bitdonator on May 29, 2015, 04:16:35 AM

Quote from: AT101ET on May 29, 2015, 03:26:50 AM

I wouldn't trust anyone else other than myself when it comes to long term storage of my BTC.
This idea is cool but what's wrong with just sealing an envelope containing the paper wallet or sealing shut a small tube containing the wallet. Either way, it takes a bit of self-control to be able to store BTC for that long especially if the price skyrockets beforehand and you have the desire to peel it and sell.
I may give this (or a similar idea) a try and just save up a small amount of BTC for the future.

Yes, its really hard to control yourself... but I prevent this.
I write on my cube: "If you open this cube before year 2025, you are biggest as*hole on this planet" Grin

I think the self control is the hardest part of it all. Say now you store 5 BTC and for the next 3 years it's worth about $1k then in the fourth year the value rises and it's worth about $12k it'd be very hard not wanting to crack that open and shifting the coins.
Then again, should you sell and the price rise even more, you'd feel like an idiot for selling...

Bitdonator

legendary

Activity: 1223

Merit: 1002

Quote from: AT101ET on May 29, 2015, 03:26:50 AM

I wouldn't trust anyone else other than myself when it comes to long term storage of my BTC.
This idea is cool but what's wrong with just sealing an envelope containing the paper wallet or sealing shut a small tube containing the wallet. Either way, it takes a bit of self-control to be able to store BTC for that long especially if the price skyrockets beforehand and you have the desire to peel it and sell.
I may give this (or a similar idea) a try and just save up a small amount of BTC for the future.

Yes, its really hard to control yourself... but I prevent this.
I write on my cube: "If you open this cube before year 2025, you are biggest as*hole on this planet" Grin

AT101ET

legendary

Activity: 3178

Merit: 1348

I wouldn't trust anyone else other than myself when it comes to long term storage of my BTC.
This idea is cool but what's wrong with just sealing an envelope containing the paper wallet or sealing shut a small tube containing the wallet. Either way, it takes a bit of self-control to be able to store BTC for that long especially if the price skyrockets beforehand and you have the desire to peel it and sell.
I may give this (or a similar idea) a try and just save up a small amount of BTC for the future.

Bitdonator

legendary

Activity: 1223

Merit: 1002

Quote from: Crypto_G on May 27, 2015, 09:59:08 AM

Great wedding gift Grin

you can keep the kids I'm taking the cube lol

LoL

Crypto_G

member

Activity: 107

Merit: 10

Great wedding gift Grin

you can keep the kids I'm taking the cube lol

Bitdonator

legendary

Activity: 1223

Merit: 1002

Quote from: medUSA on March 18, 2015, 05:18:52 AM

If you are VERY serious about saving your bitcoin for 10 years. You can try to make a transaction with "nLockTime" at a block height 10 years in the future. IMO, 10 years is too extreme. One or two years is more practical.

Here is an old thread on the "nLockTime" topic:
https://bitcointalksearch.org/topic/delayed-transactions-using-ntimelock-131443

interesting concept

psybits

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Merit: 1000

Quote from: medUSA on March 18, 2015, 05:18:52 AM

If you are VERY serious about saving your bitcoin for 10 years. You can try to make a transaction with "nLockTime" at a block height 10 years in the future. IMO, 10 years is too extreme. One or two years is more practical.

Here is an old thread on the "nLockTime" topic:
https://bitcointalksearch.org/topic/delayed-transactions-using-ntimelock-131443

Thanks that's an interesting idea. Was a good read.

medUSA

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Activity: 952

Merit: 1005

--Signature Designs-- http://bit.ly/1Pjbx77

If you are VERY serious about saving your bitcoin for 10 years. You can try to make a transaction with "nLockTime" at a block height 10 years in the future. IMO, 10 years is too extreme. One or two years is more practical.

Here is an old thread on the "nLockTime" topic:
https://bitcointalksearch.org/topic/delayed-transactions-using-ntimelock-131443

robertgoss

newbie

Activity: 42

Merit: 0

its a great idea ... hope after 10 years it goes not to the moon but to mars it will be really awesome Cheesy

psybits

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Activity: 1386

Merit: 1000

Quote from: Bitdonator on February 20, 2015, 12:23:15 PM

Quote from: psybits on January 21, 2015, 12:45:10 PM

Quote from: Bitdonator on November 24, 2014, 04:35:42 AM

Just found this interesting video on youtube.
http://www.youtube.com/watch?v=-mmt9JHmKss

Idea is to save BTCBTCBTC for 10 years.
Block reward will be halved 2 times and mining diff.
will be very high

Thanks for sharing. I would totally do this.

I already make two cubes. One for BTCBTCBTC,
and other for altcoins Cool

Ha ha nice Grin

croato

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Activity: 616

Merit: 500

1BkEzspSxp2zzHiZTtUZJ6TjEb1hERFdRr

Great video and awesome idea. I will make one for me as retirement fund lol. Thank you mate for sharing.

Bitdonator

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Activity: 1223

Merit: 1002

Quote from: psybits on January 21, 2015, 12:45:10 PM

Quote from: Bitdonator on November 24, 2014, 04:35:42 AM

Just found this interesting video on youtube.
http://www.youtube.com/watch?v=-mmt9JHmKss

Idea is to save BTCBTCBTC for 10 years.
Block reward will be halved 2 times and mining diff.
will be very high

Thanks for sharing. I would totally do this.

I already make two cubes. One for BTCBTCBTC,
and other for altcoins Cool

psybits

legendary

Activity: 1386

Merit: 1000

Quote from: Bitdonator on November 24, 2014, 04:35:42 AM

Just found this interesting video on youtube.
http://www.youtube.com/watch?v=-mmt9JHmKss

Idea is to save BTCBTCBTC for 10 years.
Block reward will be halved 2 times and mining diff.
will be very high

Thanks for sharing. I would totally do this.

Topic: Bitcoin vault cube !!! Save your Bitcoins for 10 years (Read 5003 times)