Topic: How would you store >100 Bitcoins? - page 30. (Read 42325 times)
From what I can see the best way to store digital data is to keep them in not digital state. You can't hack paper wallets but it becomes the same thing as keeping around 1 million bucks, but I am sure people know good hiding spots.
ice them puppies in a deep freeze cold storage.
Ditto and then make sure that the private key is well secured ^_^
Where no one else knows about it like on the back of a painting lol paper wallet. (As long as no one moves it mumble)
ice them puppies in a deep freeze cold storage.
Keep it simple, 100 BTC cold in very well hidden fireproof safe with a backup.
GPS coords of it is PGP protected.
Peace of mind
Priceless.
GPS coords of it is PGP protected.
Peace of mind
Priceless.This sounds like the safekeeping would cost more than the worth of those coins
If its an existing safe for other unimportant stuff and you only have 100 coins fast forward year 2024, well
What if someone finds it?
I think it would be much safer to just user a BIP38 wallet and use Shamir Secret Sharing algorythm to split it into 2 of 3 pieces and distribute those to very safe places.
If someone finds one piece --> nothing can happen
If someone finds 2 or 3 pieces --> nothing can happen really, because he still needs the password and he can't bruteforce it.
So basically to steal your fund, someone needs to find 2 piece AND hit you long enough to giveup your password.
Flaw: You forget where the pieces are (you can plant more than 3 obv) or you forget the password.
Keep it simple, 100 BTC cold in very well hidden fireproof safe with a backup.
GPS coords of it is PGP protected.
Peace of mind Priceless.
GPS coords of it is PGP protected.
Peace of mind
Priceless.This sounds like the safekeeping would cost more than the worth of those coins
If its an existing safe for other unimportant stuff and you only have 100 coins fast forward year 2024, well
Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.
I'm looking for real responses and ideas. Please keep the trolling to a minimum
I'm looking for real responses and ideas. Please keep the trolling to a minimum
Use something called a trezor its worth 119 dollars to sleep at night
http://www.bitcointrezor.com/
https://www.youtube.com/watch?v=xObssnQwVgg
Vault is a stellar way to protect BTC from theft, but cant help you if Coinbase has problems and shuts down, or if they freeze your account for some reason
Keep it simple, 100 BTC cold in very well hidden fireproof safe with a backup.
GPS coords of it is PGP protected.
Peace of mind Priceless.
GPS coords of it is PGP protected.
Peace of mind
Priceless.This sounds like the safekeeping would cost more than the worth of those coins
Keep it simple, 100 BTC cold in very well hidden fireproof safe with a backup.
GPS coords of it is PGP protected.
Peace of mind Priceless.
GPS coords of it is PGP protected.
Peace of mind
Priceless. New answer: wait until some other wallet implements the same features/workflow as Armory, but without the phoning home part and use that instead.
How about just disable it, like the devs suggested? There is an OPT-OUT!
New answer: wait until some other wallet implements the same features/workflow as Armory, but without the phoning home part and use that instead.
I would feel secure having them on a paper wallet. I love reading everyone else's responses.
Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.
I'm looking for real responses and ideas. Please keep the trolling to a minimum
I would really use paper wallets for that and close them in jars buried under the ground for sure!I'm looking for real responses and ideas. Please keep the trolling to a minimum
BR
I hope those paper wallets are BIP38 protected! Otherwise paperwallets are pretty insecure actually!
I would put them in cold storage with the wallets stored on usb sticks, splitted in 5 bitcoins each pendrive.
That's stupid, unless you have multiple backups of each flash drive.Just store it all on one flash drive and back the same wallet up onto 5 or so more mediums of storage. Keep an unencrypted copy or two and encrypt the rest. Send some of the encrypted ones to relatives/very good friends.
Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.
I'm looking for real responses and ideas. Please keep the trolling to a minimum
I would really use paper wallets for that and close them in jars buried under the ground for sure!I'm looking for real responses and ideas. Please keep the trolling to a minimum
BR
Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.
I'm looking for real responses and ideas. Please keep the trolling to a minimum
I'm looking for real responses and ideas. Please keep the trolling to a minimum
Use something called a trezor its worth 119 dollars to sleep at night
http://www.bitcointrezor.com/
https://www.youtube.com/watch?v=xObssnQwVgg
Using coinbase is definately more risky than using trezor.
Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.
I'm looking for real responses and ideas. Please keep the trolling to a minimum
I'm looking for real responses and ideas. Please keep the trolling to a minimum
Use something called a trezor its worth 119 dollars to sleep at night
http://www.bitcointrezor.com/
https://www.youtube.com/watch?v=xObssnQwVgg
I think it is a really great project and definitely a very important first step to more hardware wallets that store people's Bitcoins safely without being too much of a hassle! But I agree that for a long term storage of especially that many Bitcoin (100 BTC), regular and proven paper wallets are the right way to go!
Not that I have that many (I wish!), but how would you store >100 Bitcoins? The easy answer is just to say "create 1 offline/cold wallet and put them all in". But what about risk management? IE how do you store a very large value of coins while managing risk against hackers, forgetting passwords, the obvious need for at least 1 hot wallet, portability, easy of use, house fires, EMP bomb's (lol), or if a foreigner had to flee a country while taking no assets etc etc.
I'm looking for real responses and ideas. Please keep the trolling to a minimum
I'm looking for real responses and ideas. Please keep the trolling to a minimum
Use something called a trezor its worth 119 dollars to sleep at night
http://www.bitcointrezor.com/
https://www.youtube.com/watch?v=xObssnQwVgg
I would put them in cold storage with the wallets stored on usb sticks, splitted in 5 bitcoins each pendrive.
So nobody would store it on BTC-E with no 2FA? haha just kidding...
BitKee
or
Cryobit
both provide very durable fire / flood etc proof metal 'paper' wallets.
Use a BIP38 encrypted key. Keep one at home / office and one in a safety deposit box?
or
Cryobit
both provide very durable fire / flood etc proof metal 'paper' wallets.
Use a BIP38 encrypted key. Keep one at home / office and one in a safety deposit box?
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