Guard your Bitcoin with Stainless Steel Cold Storage - page 2.

calme

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Quote from: Hfleer on March 12, 2015, 03:47:10 PM

Quote from: StevenS on March 12, 2015, 03:43:21 PM

Quote from: calme on March 11, 2015, 02:46:59 PM

Seems pretty cool. But it shouldn't be so small or expensive and they should use gold instead of steel.

Gold melts at 1,064°C. Stainless melts at about 1,450°C.

I think calme was referring to the store of wealth aspect. Physical bitcoin storage made out of gold is pretty highly demanded in the community.

Just playin' around. A lot of ppl take pride in saying what they mean and meaning what they say. If that's what they're into then right on. Grin

itod

legendary

Activity: 1974

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^ Will code for Bitcoins

Quote from: Hfleer on March 20, 2015, 09:39:48 PM

Quote from: itod on March 13, 2015, 08:21:39 AM

Quote from: kendog77 on March 11, 2015, 09:50:53 AM

I don't understand how these types of things are safe when the person who makes them has access to your private keys.

No they don't. Only you have access to your private key, you are the one who assembles the letters in order, not the manufacturer.

One question with that. BTC addresses have checksums. Don't private keys too? How do you do that manually than?

You have a seven step guide here, it's easy:
https://en.bitcoin.it/wiki/Wallet_import_format

There are also several offline utilities to do it securely, but you should not choose your private key arbitrarily in the first place. You wallet can export the private key in WIF format doing all that work for you.

Hfleer

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Quote from: itod on March 13, 2015, 08:21:39 AM

Quote from: kendog77 on March 11, 2015, 09:50:53 AM

I don't understand how these types of things are safe when the person who makes them has access to your private keys.

No they don't. Only you have access to your private key, you are the one who assembles the letters in order, not the manufacturer.

One question with that. BTC addresses have checksums. Don't private keys too? How do you do that manually than?

itod

legendary

Activity: 1974

Merit: 1077

^ Will code for Bitcoins

Quote from: kendog77 on March 11, 2015, 09:50:53 AM

I don't understand how these types of things are safe when the person who makes them has access to your private keys.

No they don't. Only you have access to your private key, you are the one who assembles the letters in order, not the manufacturer.

litecamel

newbie

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These look amazing! Love the design. Would love to own one someday. Cheesy

redsn0w

legendary

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#Free market

Quote from: Wendigo on March 12, 2015, 04:49:19 PM

Okay but how can you go through an airport scanner with this thing in your pocket during your holiday vacation is the big question Cool

It suppose to be a cold storage, you should not go around the city (for example) with that piece of steel in your pocket. Indeed I think this type of cold storage should be used to store bitcoin for a "long time" and in a safe place.

buysolar

member

Activity: 125

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Quote from: Wendigo on March 12, 2015, 04:49:19 PM

Okay but how can you go through an airport scanner with this thing in your pocket during your holiday vacation is the big question Cool

Yep I was wondering the same thing. Tough to stop those guys from going through your stuff, and snapping a picture of the code to rob you when they get home.

Wendigo

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Okay but how can you go through an airport scanner with this thing in your pocket during your holiday vacation is the big question Cool

cryptosteel

member

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peace of mind for your private keys and passwords

Quote from: Hfleer on March 12, 2015, 02:56:21 PM

Why does cryptosteel have "true random numbers" while paper wallets don't? You can use the same process on both, right?

@Hfleer,
True Random Numbers: Yes, you can, just mix-up all provided letters in a hat (over 216 bricks will be enough even to build a Master Seed) - and pick it up. You can make true random lottery.

Quote from: StevenS on March 12, 2015, 03:43:21 PM

Quote from: calme on March 11, 2015, 02:46:59 PM

Seems pretty cool. But it shouldn't be so small or expensive and they should use gold instead of steel.

@calme, @StevenS
My advice is to not flaunting with Cryptosteel. But choice is yours. Gold one, Platinium? No problem - I can do it, you have my word. I have over 15 years of experience in metalworks - form goldsmithing to blacksmithing.

Follow us:
http://get.cryptosteel.com, http://twitter.com/cryptosteel, http://fb.com/cryptosteel

redsn0w

legendary

Activity: 1778

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#Free market

Quote from: StevenS on March 12, 2015, 03:43:21 PM

Quote from: calme on March 11, 2015, 02:46:59 PM

Seems pretty cool. But it shouldn't be so small or expensive and they should use gold instead of steel.

Gold melts at 1,064°C. Stainless melts at about 1,450°C.

They can also use an alloy of metals(if they don't already use one). One like "chromium-cobalt" with a melting point of ~ 14500 °c , the cost will be the same (maybe a little high).

Hfleer

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Quote from: StevenS on March 12, 2015, 03:43:21 PM

Quote from: calme on March 11, 2015, 02:46:59 PM

Seems pretty cool. But it shouldn't be so small or expensive and they should use gold instead of steel.

Gold melts at 1,064°C. Stainless melts at about 1,450°C.

I think calme was referring to the store of wealth aspect. Physical bitcoin storage made out of gold is pretty highly demanded in the community.

StevenS

full member

Activity: 206

Merit: 100

Quote from: calme on March 11, 2015, 02:46:59 PM

Seems pretty cool. But it shouldn't be so small or expensive and they should use gold instead of steel.

Gold melts at 1,064°C. Stainless melts at about 1,450°C.

Hfleer

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Quote from: redsn0w on March 12, 2015, 03:10:54 PM

Quote from: Hfleer on March 12, 2015, 02:56:21 PM

Quote from: cryptosteel on March 12, 2015, 01:42:51 AM

I recommend to diversify types of Bitcoin storage. There is no single solution working all-in-one.

- You can printout a bulk of paperwallets and for a safety reasons keep your Bip38_password within Cryptosteel.
- You can have several copies of paperwallets in different locations, but one StainlessSteel
- It is not clear if Cryptosteel can store a Master Seed - we are exploring this right now.
- You can use a Cryptosteel as a master book of passwords
- You can store any type of sentence you desire even a poem (additional letter-cards will be also available separately)

You can burry cryptosteel, keep it in strong box or safe, but also you can build it into a wall.
If it will save even one person life time savings, I would say, I reach my initial goal.
Keep in mind numbers of lost crypto-coins.

Here is the official thread -> https://bitcointalksearch.org/topic/cryptosteel-the-ultimate-cold-wallet-private-key-storage-system-977486 <-

Why does cryptosteel have "true random numbers" while paper wallets don't? You can use the same process on both, right?

It is "no-sense" the process to generate an address is *almost* the same, he cannot say "true random numbers" because also the other options have a real generation of numbers. The unique merit of a stainless steel cold storage is "fire, acid and water resistant".

So its just false advertisement?

They look cool and I am thinking of getting one after the price is released but if its close to another trezor, I would rather take an additional of those.

redsn0w

legendary

Activity: 1778

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#Free market

Quote from: Hfleer on March 12, 2015, 02:56:21 PM

Quote from: cryptosteel on March 12, 2015, 01:42:51 AM

I recommend to diversify types of Bitcoin storage. There is no single solution working all-in-one.

- You can printout a bulk of paperwallets and for a safety reasons keep your Bip38_password within Cryptosteel.
- You can have several copies of paperwallets in different locations, but one StainlessSteel
- It is not clear if Cryptosteel can store a Master Seed - we are exploring this right now.
- You can use a Cryptosteel as a master book of passwords
- You can store any type of sentence you desire even a poem (additional letter-cards will be also available separately)

You can burry cryptosteel, keep it in strong box or safe, but also you can build it into a wall.
If it will save even one person life time savings, I would say, I reach my initial goal.
Keep in mind numbers of lost crypto-coins.

Here is the official thread -> https://bitcointalksearch.org/topic/cryptosteel-the-ultimate-cold-wallet-private-key-storage-system-977486 <-

Why does cryptosteel have "true random numbers" while paper wallets don't? You can use the same process on both, right?

It is "no-sense" the process to generate an address is *almost* the same, he cannot say "true random numbers" because also the other options have a real generation of numbers. The unique merit of a stainless steel cold storage is "fire, acid and water resistant".

unamis76

legendary

Activity: 1512

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This simply looks amazing. I've been looking for a particularly remarkable physical wallet since Woodwallets stopped operating and I think I've found it!

This is very original, and it's an amazing way to store a private key, no doubts about that. Looking forward to its release.

Hfleer

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Merit: 250

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Quote from: cryptosteel on March 12, 2015, 01:42:51 AM

I recommend to diversify types of Bitcoin storage. There is no single solution working all-in-one.

- You can printout a bulk of paperwallets and for a safety reasons keep your Bip38_password within Cryptosteel.
- You can have several copies of paperwallets in different locations, but one StainlessSteel
- It is not clear if Cryptosteel can store a Master Seed - we are exploring this right now.
- You can use a Cryptosteel as a master book of passwords
- You can store any type of sentence you desire even a poem (additional letter-cards will be also available separately)

You can burry cryptosteel, keep it in strong box or safe, but also you can build it into a wall.
If it will save even one person life time savings, I would say, I reach my initial goal.
Keep in mind numbers of lost crypto-coins.

Here is the official thread -> https://bitcointalksearch.org/topic/cryptosteel-the-ultimate-cold-wallet-private-key-storage-system-977486 <-

Why does cryptosteel have "true random numbers" while paper wallets don't? You can use the same process on both, right?

buysolar

member

Activity: 125

Merit: 12

Quote from: calme on March 11, 2015, 02:46:59 PM

Seems pretty cool. But it shouldn't be so small or expensive and they should use gold instead of steel.

And there should be a silver and platinum option as well.

cryptosteel

member

Activity: 76

Merit: 10

peace of mind for your private keys and passwords

I recommend to diversify types of Bitcoin storage. There is no single solution working all-in-one.

- You can printout a bulk of paperwallets and for a safety reasons keep your Bip38_password within Cryptosteel.
- You can have several copies of paperwallets in different locations, but one StainlessSteel
- It is not clear if Cryptosteel can store a Master Seed - we are exploring this right now.
- You can use a Cryptosteel as a master book of passwords
- You can store any type of sentence you desire even a poem (additional letter-cards will be also available separately)

You can burry cryptosteel, keep it in strong box or safe, but also you can build it into a wall.
If it will save even one person life time savings, I would say, I reach my initial goal.
Keep in mind numbers of lost crypto-coins.

Here is the official thread -> https://bitcointalksearch.org/topic/cryptosteel-the-ultimate-cold-wallet-private-key-storage-system-977486 <-

Alley

legendary

Activity: 910

Merit: 1000

I will use this as a backup to my paper wallet. Huge advantage over a laser engraved steel card is its reusable. If you need to sweep your wallet you would have to throw your cryptobit card or bitkee away. With this you can generate a new address and arrange your letters accordingly.

But then a negative is you can't bip38 encrypt it.

Hfleer

sr. member

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@above

Sure this can be a backup of another wallet, but that would kinda defeat the purpose. My thinking is always, what if my home gets robbed. I still want to retrieve the coins somehow. If that is not possible, I can't use that strategy for storage.

Topic: Guard your Bitcoin with Stainless Steel Cold Storage - page 2. (Read 4575 times)