banks are businesses that want ot make money. Deposit boxes are one way of making money. They dont give a crap what you store there, as long as its not illegal.
Though at the one I used, they always gave you privacy when you accessed your box.
Topic: I'm cashing out... (Read 3256 times)
banks are businesses that want ot make money. Deposit boxes are one way of making money. They dont give a crap what you store there, as long as its not illegal.
Though at the one I used, they always gave you privacy when you accessed your box.
My netbook is worth more than my house.
Advice, if I may: Make more than 1 copy of that paper wallet.
Keep them in different buildings. A fire could give you a really bad day.
Advice, if I may: Make more than 1 copy of that paper wallet.
Keep them in different buildings. A fire could give you a really bad day.
What about a bank?
Whats the quote to have a personal bank safe?
I can't be the only one that finds the idea of storing your private keys in a bank hilarious?
banks are businesses that want ot make money. Deposit boxes are one way of making money. They dont give a crap what you store there, as long as its not illegal.
So I have paper wallets but my problem is you can actually steel the coins from the wallet and still leave it untouched and intact.
I like a brain wallet when I am walking around a dark ally in Somalia.
I like a brain wallet when I am walking around a dark ally in Somalia.
So i applied the paper wallet idea with hiding the key electronically hidden in many locations... that way it can't get lost, houses can burn down, computers can fail and i don't need a bank deposit box which can be raided, etc.
One thing to consider, if you have dependants like children, is how would they get access to your coins if you go from this world via some unexpected accident, or suddenly go mentally ill from all the riches. With obscure scenario that you employ, these coins would be lost forever. So I'm much in favor of something physically accessible, hidden using some old-fashioned way. Not something silly like brainwallet, that depends on something soft, unbackupable, and easily damageable, like your brain...
I can tell some family members beforehand how i have hidden them. And to help i can even hide the location itself somewhere and tell them where to look. So somewhere there is a random note with a hint. Numbers can also be hidden in phone numbers and so on....
There are endless opportunities to hide information nowadays...
So i applied the paper wallet idea with hiding the key electronically hidden in many locations... that way it can't get lost, houses can burn down, computers can fail and i don't need a bank deposit box which can be raided, etc.
One thing to consider, if you have dependants like children, is how would they get access to your coins if you go from this world via some unexpected accident, or suddenly go mentally ill from all the riches. With obscure scenario that you employ, these coins would be lost forever. So I'm much in favor of something physically accessible, hidden using some old-fashioned way. Not something silly like brainwallet, that depends on something soft, unbackupable, and easily damageable, like your brain...
The more you replicate your private key, the higher the chances of someone getting a hold of it.
Also, you should be as careful as the amount of BTC you're trying to protect.
If we are talking about let's say 10-20 BTC then I'm sure you'd be ok with a paper wallet...
If we are talking 100-1000+ BTC, then we are talking decent money there and more measures need to be adopted.
what measures would you take ? first you would have to find the file in which i'm hiding my key.
My C drive has 120k files on it. and even if you find the one file.. there might be hundreds of pages of random text hidden inside it with no gaps... and you only see them if you open the file with a hex editor... otherwise its just some random office document or .dll file on your system...
Have you seen argo and the kids putting together the pieces of paper with the pictures of the 6 American "spies"
Again, the effort invested into breaking a wallet or finding a key is directly proportional to the amount of BTC that address holds...
tell me you have 500 BTC, and I can assure you I'll spend a good amount of time looking at those 120k files in your hard drive or whenever you store the private key.
128k can be easily filtered using scripts to find patterns....
just saying.
I get your point. But for that, one first has to know that it is on my computer hidden in that fashion. Normally no one knows that. And it is there only once in one file. I might also put the key into ROT13 which scrambles it further. So there is no pattern to look for.
But i like your idea of splitting the key and storing in different locations. My main point was basically i don't like printing paper wallets that can get lost/destroyed/seen by anyone. So i applied the paper wallet idea with hiding the key electronically hidden in many locations... that way it can't get lost, houses can burn down, computers can fail and i don't need a bank deposit box which can be raided, etc.
Brain Wallet is the answer! 
well I guess that solves the issue of them burning your brain eh?
I can't remember honey, where did we go on holiday last year?
What about a stroke, you will at least have the comfort of knowing no one will steal your money while you incapacitated.
If they fan key log you password, they can access your key file. But sure, a key file is better than a four digit password.
Hard (but not impossible) to do with an air gap.
....
128k can be easily filtered using scripts to find patterns....
just saying.
Easily if you have a few million lifetimes to spare, we got this new fangled stuff called "encryption" these days.128k can be easily filtered using scripts to find patterns....
just saying.
the more you replicate your private address, the more chances someone might find it.
Sure, encrypt it all you want.. encryption relies ultimately on a password...
I understand your point, but you don't seem to understand mine.
no you can use key files for "passwords" which are reallllllly long
If they fan key log you password, they can access your key file. But sure, a key file is better than a four digit password.
I wonder if a way to do the metal thing would be to have the metal generated by a service but it just contains a long, random string. You use the random string as a passphrase to encrypt/decrypt the wallet.dat file itself. Then you can store the encrypted file wherever you want and you can keep the key somewhere secure. It's still not perfect but close. It also means you can encrypt a new wallet should you need to and could be used for other purposes also.
My netbook is worth more than my house.
Advice, if I may: Make more than 1 copy of that paper wallet.
Keep them in different buildings. A fire could give you a really bad day.
Advice, if I may: Make more than 1 copy of that paper wallet.
Keep them in different buildings. A fire could give you a really bad day.
What about a bank?
Whats the quote to have a personal bank safe?
I can't be the only one that finds the idea of storing your private keys in a bank hilarious?
No, it isn't hilarious at all. Especially when you come back home to see your house burnt down and the fire safe's contents burnt to a crisp.
It's hilarious to see the bank being used for security and holding all that money and not working with it.
....
128k can be easily filtered using scripts to find patterns....
just saying.
Easily if you have a few million lifetimes to spare, we got this new fangled stuff called "encryption" these days.128k can be easily filtered using scripts to find patterns....
just saying.
the more you replicate your private address, the more chances someone might find it.
Sure, encrypt it all you want.. encryption relies ultimately on a password...
I understand your point, but you don't seem to understand mine.
no you can use key files for "passwords" which are reallllllly long
To a paper wallet. It's insane that my cellphone is worth more than my car.
why don't people keep multiple trucrpt files around the web with PDF's in them?
scatter a few round several email addresses, dropbox etc etc etc, USB, HD's,
you can never loose them that way
To be fair, I did make a paper backup of the wallet on my phone. If I could remember where it is
Mostly I'm just thinking that I need to protect what I have now. I don't consider my cellphone a high-security device.
To a paper wallet. It's insane that my cellphone is worth more than my car.
why don't people keep multiple trucrpt files around the web with PDF's in them?
scatter a few round several email addresses, dropbox etc etc etc, USB, HD's,
you can never loose them that way
Brain Wallet is the answer!
well I guess that solves the issue of them burning your brain eh?
The more you replicate your private key, the higher the chances of someone getting a hold of it.
Also, you should be as careful as the amount of BTC you're trying to protect.
If we are talking about let's say 10-20 BTC then I'm sure you'd be ok with a paper wallet...
If we are talking 100-1000+ BTC, then we are talking decent money there and more measures need to be adopted.
what measures would you take ? first you would have to find the file in which i'm hiding my key.
My C drive has 120k files on it. and even if you find the one file.. there might be hundreds of pages of random text hidden inside it with no gaps... and you only see them if you open the file with a hex editor... otherwise its just some random office document or .dll file on your system...
Basically i like the paper wallet idea... but it can get destroyed, lost, etc.
And brain wallets "can" get hacked since its a meorable phrase and not totally random....
Maybe its just me... but i'd go for the virtual brain wallet:
take the private key and hide it in several locations on/offline.. hide it within a wall of random text in within any normal file, added to the file itself with a hex editor... within in an image file.. within a text file that contains thousands of lines of random characters and only you know where the key begins... and where it ends... if you can't memorize, store that information in a different location.. as hint.. not in plain text....
Now take that document.. store it on several computers you own, and usb stick that you can store at a freinds house AND in several online lockers,,, mega, dropbox, google docs....
Now your house can burn down.. your whole city can be nuked.. all your computers seized and searched.... and still no one can get your coins...
And brain wallets "can" get hacked since its a meorable phrase and not totally random....
Maybe its just me... but i'd go for the virtual brain wallet:
take the private key and hide it in several locations on/offline.. hide it within a wall of random text in within any normal file, added to the file itself with a hex editor... within in an image file.. within a text file that contains thousands of lines of random characters and only you know where the key begins... and where it ends... if you can't memorize, store that information in a different location.. as hint.. not in plain text....
Now take that document.. store it on several computers you own, and usb stick that you can store at a freinds house AND in several online lockers,,, mega, dropbox, google docs....
Now your house can burn down.. your whole city can be nuked.. all your computers seized and searched.... and still no one can get your coins...
My netbook is worth more than my house.
Advice, if I may: Make more than 1 copy of that paper wallet.
Keep them in different buildings. A fire could give you a really bad day.
Advice, if I may: Make more than 1 copy of that paper wallet.
Keep them in different buildings. A fire could give you a really bad day.
just an idea: perhaps a thin stainless steel sheet on which you could hand engrave (matbe even scratch with tungsten drill tip) or stamp the info might be in order. such sheet can be bought from hardware stores.
or if youre worried about metal detectors, maybe some clay tablet in a plastic drainpipe with endcaps that you bury somewhere.
perhaps in the far future some lucky people might find bitcoin stashes that used to belong to reclusive hermit miners that are worth the value of a nice small tropical island.
I guess you could use one of those dog-tag engravers at wal-mart. Might have to stretch the wallet over several of them though
Would people actually trust a service which engraved and mailed wallets? The trust would be about the same level as Casascius coins but the coins typically only hold 1BTC and are more curios than live wallets. It would be quite a risk. Maybe if there was a way to two-factor them (hmm, I think Casascius was talking about that for his coins so...)
Take the contents of your paper wallet and encrypt it, then get that engraved. Now you just have to remember the encryption key. When you want to restore your wallet enter the encrypted data and decrypt. This way you don't have to trust a third party with you private key.
Keep a copy in the freezer. But ya safety deposit box not a bad idea.
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