Topic: HOWTO: create a 100% secure wallet - page 7. (Read 276216 times)

thanks

Cool, ill have to give this a try

like the interpretation styke of yours
apart finding few bits of wisdom I definitely can say that I had a good laugh reading it

Awesome guide, thank you !

The thing I found to be the most ironic was the fact that a paper wallet would be the most secure of a digital currency. 

Interesting, I must do this.

thanks for the time taken to do this. . .

Save your file only save place

Just my grain of salt from a Mac point of view, if you have ML server installed and more than one Mac up and running - please find faults, it's all "as far as I am aware"... maybe too convoluted for general use!

Mountain Lion Server can create net bootable images, so a nice easy situation sounds like:

0) download your ML install image

1) disconnect from internet, create new ML install, on a USB drive, 16+Gb, minimum install (no languages, print drivers etc)

2) startup from this USB drive, install Bitcoin and wallet (encrypt at your discretion)(you'll have to transfer via USB stock from another machine so as not to connect to internet)

3) use ML server to create netboot image

4) this netboot image is a little like a guest account, and when powered off, will forget everything you installed (so get it right the first time or you'll have to redo everything again!) or did whilst in use - but as your transactions should update on connecting your bitcoin client, then this info is "live" (via internet) each time you boot the image

you can use it as you would a Live CD of Linux, but with everything all ready installed and ready to use, & only perform your "high-end" bitcoin operations from this netboot image,.. if you previously prepared with as high security as possible (firewall blocks everything), you can be pretty sure that your brief use of this image will not be compromised...


* as noted from my member state, i'm a newbie, so if there is something I haven't understood 100% here (about bitcoin), I'm very open to making a better method...   ;-)

What it sounds like is can make this wallet file; save it on an SD card. Lock it up in my closet.  Then deposit coins to the address associated with the wallet.dat file with out having to take it out of its 'spot' UNLESS i want to pull coins out of my savings?  If so this is awesome! I'm looking forward to setting this up.  Thanks for the post!

Interesting HowTo!

Time to put my wallet in a safer place.

Yes indeed. The ultimate concern would be "rubber-hose cryptanalysis" since it's a bit tougher totally to mitigate that risk.

I guess there would be a lot more nines in the number you can achieve

Being a bit of a noob as far as BTC is concerned, I need a bit of advice.
I have a USB flash drive that has biometric protection and I would like to create on that drive the best possible (not necessarily 100% protection but 99.99% will do !) physical wallet I can.

What do you suggest I do, in as simple terms as possible, though I am pretty computer literate I'm not a coder ?

Any help appreciated. Thanks

Definitely true for live wallets.

Cold storage is a different matter. If the existence of a person's cold wallet is kept secret, and the keys (or passphrase to the TrueCrypt containing the keys) are divided up into multiple parts which are stored safely in multiple locations not in the same building, that wallet is very close to 100% secure. It could be compromised by whatever hitherto unbeknown fallibilities exist in the Bitcoin protocol itself, but not by a conventional hack or even "rubber hose cryptanalysis", unless the robbers knew about the wallet and kidnapped the victim's family or something in order to try to force the victim to unlock the wallet. A secret offline wallet with split keys is a lot more than 99,99% secure, though nothing is ever 100% risk-free.

WTF??? LOL

I was a newb once... in 2005  

In all seriousness, this discussion has me reassessing the security of every part of my systems and the networks they connect to.

Very helpful! Thanks!

I dont have any clue