Topic: DELETED (Read 344 times)

facts & but it doesn't hurt to have decoy

I guess you only need to divide your funds into smaller amounts and keep them in different wallets. Of course, you wouldn't make it obvious that all these wallets are owned by you, so you need to be careful with your transactions as well. Apparently, you wouldn't want to be caught that a main wallet is regularly funding the other wallets with small funds. Privacy will have to be observed.

But since we're talking of a wrench attack, I'm afraid everything boils down to how much pain you're willing to take to keep your main wallet a secret. Of course, the attackers will be suspicious that you are only giving access to your alternative wallet. They might resort to torture to squeeze that main private keys from you. This might be about pain tolerance.

If I don't grant you or the person access to my device they can't e even have a means of trying to physh out on me, once I don't leave the space for them to use as my vulnerability, they can't attack, if you're using the most secured wallet but wasn't aware of how to maintain a good privacy standard for your wallet and assets then they can lurk around to steal from you what belongs to you.

Moreover, I don't buy your kind of idea, I don't need to disguise at first place when am in full ownership of my wallet and the device am using, I determine who get access to it or not, faking it may even be the worst to introduce a malware or any physhing attempt for an attack.

The best way to protect yourself from any kind of attacks is being lowkey, never show anyone or tell anyone what you are doing, jealousy is poison, even with a close person, when you are silent no one will ever suspect that you have money, and when you are spending don't be too showy or post just live normal when with people around.

This isn't really a defense against a physical attack - the robbers will simply torture you until you give up and send them your money. If they have a reason to believe that you have coins, they won't back down if you show them some fake wallet.

The real defense is increasing your physical security - having house alarms, watchful neighbors, self-defense weapons, strong locks, armored doors and so on.

And the simple solution to all these is to be discrete of one's involvement in crypto. I don't understand why some people find it so necessary to display their crypto earnings online before the entire world.
Better not to come in contact with determined criminals because it could lead to the person losing their life in the process. I don't think multi sig is something an individual holder would want to do, I think it suits best institutions with huge funds. just say...

Well i think you missed whole github document, explaining that we will release new wallet every week

let me put it simple

1. You can or cannot use this, Its a free service

2. If you want to use it, use the wallet that align best with your real wallet

3. A Small Transactions happening weekly wont hurt anything

4. Also for instantly spending money, you can always make up story of putting funds in a exchange or a trading website.

5. I am getting few projects on board, websites and scripts that accept regular bitcoin payments, we will lot more wallets and transactions



The best way to avoid these attacks is


to let him think you lost it all while trading - If he doesn't believe ( lets say 50-50)

you might have 300$ in exchange or a temporary wallet you made ( You actual decoy wallet or stake.com or a exchange )

Give him 300$, and walk home safely




The point is having a decoy wallet doesn't hurt, also this is free service ofcourse you can use your brain to have a better alternative, i did not cater this service towards experienced or expert bitcoin users, its for general masses

Good Luck Thanks For Pointing out, the waiting between factor, we will see something with time lock or something else, as service grows

You missing the point

1. you will chose which seed you want to have

( Like if they know you must have 1000$, use a wallet that has close to that )

2. Our automated system will start moving small funds around seed

3. We are partnering up with few services, as they keep changing wallets every few months, we will have more seeds soon

A good strategy could be to say that you are interested in Bitcoin, but only invested a small amount you can afford to loose in case things go wrong with Bitcoin and then explain adiitional expenditures as coming as profits from this small Bitcoin holdings. Just keep major holdings secret.....so you will be a small target and can get away in case you get attacked with a fitting small wallet to hand over...

This way you can keep talking about Bitcoins and nobody gets too curious....

Not all family members will understand the true bond of family, and what a family should be. Some family members have the potential to act as strangers sometimes, showing behaviors that you would never have expected.  Be as careful with family as you are with friends.

I would NEVER use an already used Seed.  To some of us it takes days to forget important things.  Leave the Bitcoin stuff away for a few months and you may find yourself in a situation where you accidentally spend your balance to a Seed you thought you own.  And there goes your Bitcoin, lost in this 'fantastic protective Seed'.

Just load a Wallet with some Bitcoin.  1 percent of what you own.  Or 5 percent.  Even 10 if you will.

In case of a wrench attack you are going to lose that much.  Not 100 percent however, unless the attacker will think you have more.  God Forbid that is the case because then the attacker is completely unpredictable and your fate is all in their hands.

Anyway.  My point is.  Load a Wallet with only a small chunk of the Bitcoin you own.  Worst case is the attacker steals it.  Give him a few empty Seeds and things may go worse.  Think how it goes if the attacker feels like looking up an Address from that Seed and finds this thread.  You are doomed and if you had a black eye until now, you may have no pulse in a matter of minutes.

Stay safe by being smart and preventive.

To be more careful after being fearful about risk, reading those Bitcoin physical attack stories can help.

I will not apply this because I don't believe criminals who want to kidnap me, will not learn basic about Bitcoin and wallets.

They kidnap me and ask me to show them my wallet, I am sure they will want to see its balance. If the balance is empty or very small, they will not satisfy.

If I am a criminal, I will send bitcoins in the victim wallet or ask the victim to make a transaction to complete my attack. I would become very angry if knowing the victim tries to fool me with a decoy wallet. So you can imagine what will happen next, the victim can be killed.

I will decentralize my fund to different wallet and only store small wallet on my mobile. So if I get kidnapped, I will give this wallet to criminals with hope that I can save my life. My life is more important than a small wallet and if I can sacrifice it to save my ass, I will do it.

Using a decoy wallet and risk my life, no.

Remember, even your family can tell to other people if you have Bitcoin, no matter how good you taught them about privacy.

I don't think they're not smart by exposing their own wealth to social medias, most of them want to make money from that and some of them want to get validation. Not everyone want to stay lowkey in their whole life too, so it's their own risk to choose their life.

I haven't use all of EVM wallets, I only know Metamask and MEW, they didn't have this feature except you use a hardware wallet that support it.

The most effective and highly workable way is to use multiple wallets to store your Bitcoin. Multiple wallets with multiple seed phrases will always be helpful in such situations. Don't store all your Bitcoin in a single wallets as that can give clear clue to attackers that how much Bitcoin you have but if you set multiple wallets and store 0.05 Bitcoin or more in each wallet then you'll be safe in long term.

Even if you face those attackers then you can give them one of your wallets and save rest of your wallets from such attackers. In fact it's way better than using any kind of decoy wallets and it's also safe. That's why people prefer privacy and if you really want to be safe from such attacks then you should never share with anyone that how much Bitcoin you have. That way you'll be much safe than any other way.

I don't think there is any point in using used wallets. because crminals don't care about blockchain's history, they see wallets for current money. but I wonder What benefits would you get for doing this? are you planning to charge a service fee from anyone who using these wallets?

This is very useful mate.. I didn't know about that before. I will really use that tip if I ever had too much Bitcoins to protect. is there any method like that for EVM (web3 wallets) i know we can create multiple wallets in any web3 wallet, but don't know if we can add passphrase to them or not.

I like this idea, it's a good hologram to deter the hacker and making them think that 1. This person has already been hacked and so they move on, or 2. They will think that this person simply sent or spent all of their coins elsewhere and move on. Good work! I will definitely put this on the to do list, never hurts to have some decoys I suppose.

I fully agree, the best option is called "low profile".

And not to forget. In case a serious criminal is asking for your bitcoins , he will likely just rip out one of your fingernails before he even starts talking to you, just to make sure you fully undertstand the situation........ so maybe have a wallet with a decent amount of bitcoins available to hand over and avoid additional health issues....

Basically instead of doing any of this just don’t tell anyone how much crypto you have. Tell your family but don’t tell your friends. Word will get around and depending on what social circle you are in someone might try and steal it from you.

This is why all these influencers and OG bitcoin people who go all over YouTube and brag about their wealth are not smart, eventually someone might attack them and demand their bitcoins. This is no different than carrying a bunch of cash with you around.

You are describing a spam attack.
In fact this happened a couple of years ago under the name "stress test". In one of the steps of this attack the attackers released a large number of private keys and then started funding them. That meant not only the mempool was spammed with pointless transactions but also it was spammed with competing double spend transactions increasing the burden on full nodes.

This will not solve anything either. For starters these keys are publicly known so technically the attacker can know this is fake as well!
Additionally when someone is physically attacked they are not going to hesitate giving up their possessions to save themselves. As @Jawhead999 pointed out the attacker may hurt the victim more after seeing such an active wallet with so much money changing hand to force them to give up their money.
The only way to prevent that is to find a way not to be under attack!

The better solution is using the extended seed phrase. That is where you add an extra word to your own seed phrase, the seed phrase without that extra word is the decoy that can contain a small amount of coins.
The lack of activity is not as big a problem as you say because most bitcoin wallets aren't as active as you'd think and most importantly they are NOT empty.

To top if all, the biggest flaw in your idea is that every single coin received in these wallets are spent immediately which is shouting "fake wallet"!!!

I would say set up a multisignature wallet, even if you know all the keys yourself.

If a criminal shows up say you need additional approval from people in differnet times zones to make transcations. Guess few criminals will hang around for hours or days......