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Topic: Is bitcoin paper wallet safe to dump bitcoins ? - page 2. (Read 5344 times)

legendary
Activity: 1722
Merit: 1000
If you want to be very safe,
get a dedicated machine (old cheap laptop will do),
PERMANENTLY disable the internet (delete the wifi drivers),
and then use that machine to generate your addresses
and keys using physically generated entropy (physical dice or coins).

Attach a printer to it that has no access to the net and
never will be used for anything else.



and keys using physically generated entropy (physical dice or coins).

Can you explain this to me please?

In simple terms,  a private key is essentially just a 256 bit number.
So you can for example, flip a coin 256 times, and you'll get
a binary string "001110100101010001011100010  etc"
You would then convert that probably to WIF format, etc, and
input that into a program or script to get your address.

If you have a 16 sided die, you can roll it 64 times and
get a 256 bit number.

The point is, you're generating the raw entropy from an unhackable
source.



Do you have a scrypt/program I could see?

I have a feeling I am behind in the maths to understand it though.. I started following this one uni proof's youtube on encryption but only like 3 hours in so far...
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
If you want to be very safe,
get a dedicated machine (old cheap laptop will do),
PERMANENTLY disable the internet (delete the wifi drivers),
and then use that machine to generate your addresses
and keys using physically generated entropy (physical dice or coins).

Attach a printer to it that has no access to the net and
never will be used for anything else.



and keys using physically generated entropy (physical dice or coins).

Can you explain this to me please?

In simple terms,  a private key is essentially just a 256 bit number.
So you can for example, flip a coin 256 times, and you'll get
a binary string "001110100101010001011100010  etc"
You would then convert that probably to WIF format, etc, and
input that into a program or script to get your address.

If you have a 16 sided die, you can roll it 64 times and
get a 256 bit number.

The point is, you're generating the raw entropy from an unhackable
source.

legendary
Activity: 1722
Merit: 1000
If you want to be very safe,
get a dedicated machine (old cheap laptop will do),
PERMANENTLY disable the internet (delete the wifi drivers),
and then use that machine to generate your addresses
and keys using physically generated entropy (physical dice or coins).

Attach a printer to it that has no access to the net and
never will be used for anything else.



and keys using physically generated entropy (physical dice or coins).

Can you explain this to me please?
legendary
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
If you want to be very safe,
get a dedicated machine (old cheap laptop will do),
PERMANENTLY disable the internet (delete the wifi drivers),
and then use that machine to generate your addresses
and keys using physically generated entropy (physical dice or coins).

Attach a printer to it that has no access to the net and
never will be used for anything else.

legendary
Activity: 1876
Merit: 1005
First install some good antivirus on your computer and scan it well.Then download desktop wallet/client on your computer and encrypt it with some strong password with a combination of signs,letter and number both big and little. password must be at least 15 digits long and all done.Your bitcoins are safe.
legendary
Activity: 1722
Merit: 1000
If you haven't got access to a clean offline pc you could try this lazier method:

Download Tail OS
Burn to DVD
Boot (offline) and generate new wallet in Electrum
Write down seed (or memorise it)
Wait for the moon.

PS: Has anyone here actually reviewed the html from bitaddress?


This is the flaw in my method, I have not. 
hero member
Activity: 630
Merit: 500
If you haven't got access to a clean offline pc you could try this lazier method:

Download Tail OS
Burn to DVD
Boot (offline) and generate new wallet in Electrum
Write down seed (or memorise it)
Wait for the moon.

PS: Has anyone here actually reviewed the html from bitaddress?
hero member
Activity: 700
Merit: 501
If BTC jumps up to +$100k.. how safe would you feel about your BTC?  




How safe would you feel storing your bitcoin anywhere if it went to 100k each?
I'd probably do an OTC (over the counter trade) with a big bitcoin organisation.
I've read about people doing them with large amounts, no hassle, no risk of an exchange going bust whilst holding your coins.
They take 5% but you get it all in one big lump.
Ideal imo.

I will make no delay in exchanging my all bitcoins fund to hard cash , if I came to know that btc price jumps to $100k . But i don't think so it will be possible. From last 6 months, btc price is just below $300 .
By the time Bitcoin reaches 100K a coin, the traditional banking system will be very degraded and countries knee deep(er) in debt. Are you really going to trust your "hard cash" enough? What if the fiat you are in crashes?
I think it's insane to dump all of it, I would keep some in BTC.
legendary
Activity: 1722
Merit: 1000
I copy the bitaddress HTML to a CD.

RUn that CD on a harddrive that has never touched the web.

Create a "paper" wallet and encrypt it with a lengthy pass.

Print it to a PDF or TIF.

Burn the wallet to a CD.

Move the PDF to multiple USB's and CD's, physically print it.

DESTROY the harddrive I created it on.




You could also just the BTC core and create a wallet.dat file, encrypt it, but I do like the bitaddress.org setup for creating my offline wallets.



Create a few different wallets on that harddrive so I can store the BTC on several different wallets that have different passcodes.
Mainly so when I spend them I don't have to empty my entire stash and create a new wallet.



Sorry if I am coming off as a douche I just want everyone to be as secure as possible.  All for one, one for all.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
If BTC jumps up to +$100k.. how safe would you feel about your BTC?  




How safe would you feel storing your bitcoin anywhere if it went to 100k each?
I'd probably do an OTC (over the counter trade) with a big bitcoin organisation.
I've read about people doing them with large amounts, no hassle, no risk of an exchange going bust whilst holding your coins.
They take 5% but you get it all in one big lump.
Ideal imo.

I will make no delay in exchanging my all bitcoins fund to hard cash , if I came to know that btc price jumps to $100k . But i don't think so it will be possible. From last 6 months, btc price is just below $300 .


Not really talking about possibilities, just security.  Sure you feel secure with $20 on a wallet but with $100k you start to really think about how secure it actually is.

How do you store your bitcoins then, what do you do to keep your coins locked, air tight?
I'm not a tech nerd so creating paper wallets offline with BIP38 encryption might be the best I can do.
I do have bitcoin core on a clean laptop & a couple of online wallets with 2 factor authentification.
Most of my stash is on paper wallets & that's how I feel safest.
I would be up for buying a trezor but would worry in the event of -

1.) I don't know how to use it
2.) I break it
legendary
Activity: 1722
Merit: 1000
If BTC jumps up to +$100k.. how safe would you feel about your BTC?  




How safe would you feel storing your bitcoin anywhere if it went to 100k each?
I'd probably do an OTC (over the counter trade) with a big bitcoin organisation.
I've read about people doing them with large amounts, no hassle, no risk of an exchange going bust whilst holding your coins.
They take 5% but you get it all in one big lump.
Ideal imo.

I will make no delay in exchanging my all bitcoins fund to hard cash , if I came to know that btc price jumps to $100k . But i don't think so it will be possible. From last 6 months, btc price is just below $300 .


Not really talking about possibilities, just security.  Sure you feel secure with $20 on a wallet but with $100k you start to really think about how secure it actually is.
legendary
Activity: 1722
Merit: 1014
If BTC jumps up to +$100k.. how safe would you feel about your BTC?  




How safe would you feel storing your bitcoin anywhere if it went to 100k each?
I'd probably do an OTC (over the counter trade) with a big bitcoin organisation.
I've read about people doing them with large amounts, no hassle, no risk of an exchange going bust whilst holding your coins.
They take 5% but you get it all in one big lump.
Ideal imo.

I will make no delay in exchanging my all bitcoins fund to hard cash , if I came to know that btc price jumps to $100k . But i don't think so it will be possible. From last 6 months, btc price is just below $300 .
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
If BTC jumps up to +$100k.. how safe would you feel about your BTC? 




That depends how much $100k is worth, doesn't it.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
If BTC jumps up to +$100k.. how safe would you feel about your BTC?  




How safe would you feel storing your bitcoin anywhere if it went to 100k each?
I'd probably do an OTC (over the counter trade) with a big bitcoin organisation.
I've read about people doing them with large amounts, no hassle, no risk of an exchange going bust whilst holding your coins.
They take 5% but you get it all in one big lump.
Ideal imo.
legendary
Activity: 1722
Merit: 1000
If BTC jumps up to +$100k.. how safe would you feel about your BTC? 


legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Has anybody here ever had any trouble with a paper wallet? I mean I know high tech malware exists but has anybody ever had an issue?
Some people are overly paranoid, I mean what kind of sites are people visiting to be worrying about back door malware, what kind of files are these people downloading?
I just go online for basic stuff, I'm not a techie, I don't visit places where highly skilled hackers will be out to play.
I think if you create your paper wallets offline & clear your history you should be ok, run regular virus scans.
Don't go on Tor or visit any nerd internet forums/sites.
You should be safe.

It is my wealth bro..  why people just throw their wealth into something and give zero fucks about security blows my mind.

Should That proves my point.


You are on these forums..... your e-mail is known by parties that would look into taking your bitcoins.


Why not be paranoid..Huh  Really though.

Have I had an issue, no, have I head of them, yes.  Perhaps because I am so paranoid I've had no issues Wink.

Why are you using bitcoin if you have no desire to use it's security features properly?

I have a decent stash of bitcoin, my protocol has always been to split it up into paper wallets containing between 2 & 5 bitcoin.
I never do an exact number like 2.000, I like to make it random to confuse any potential hacker.
Now, I am interested in security, I do everything in my power, some of my paper wallets are over 18 months old.
I regularly sit down & type all the public keys into different block explorers & the balances are all what they should be.
I've never had a problem with my method(s).
I think it depends what kind of person you are, what sites you visit, what files you download that determines your likelihood of being hacked. Obviously you could be unlucky too but online shopping & visiting standard mainstream sites you are likely to be safe.
People who stream films, sport etc, download files from techie/nerd sites are likely to pick something up.  
legendary
Activity: 1066
Merit: 1050
Khazad ai-menu!
From what I understand, as long as the wallet remains off-line it will be safe. But if it comes into contact with slightest of network, then it has every possibility of being hacked.

Suggest me the legit paper wallet generator. I will generate my paper wallet from that site.

I use bitaddress.org.

In all of these considerations one needs to consider the "cost of attack".  Unless you are putting thousands upon thousands of coins away, it is unlikely you will be the target of van eck phreaking and state of the art magnetic forensics anytime soon. 

Also note that it is possible and recommended (for large amounts) for spending from cold storage to sign your transactions offline, then move the signed transaction to the online computer for broadcasting to the network. 


full member
Activity: 208
Merit: 100
1.Has anybody here ever had any trouble with a paper wallet? I mean I know high tech malware exists but has anybody ever had an issue?
2.Some people are overly paranoid, I mean what kind of sites are people visiting to be worrying about back door malware, what kind of files are these people downloading?
3.I just go online for basic stuff, I'm not a techie, I don't visit places where highly skilled hackers will be out to play.
4.I think if you create your paper wallets offline & clear your history you should be ok, run regular virus scans.
5.Don't go on Tor or visit any nerd internet forums/sites.
You should be safe.
1. Probably not. Unless the printing is bad.
2. Every single site. There has been cases of sites legit being hacked and stuff inserted. *erhm*Bitcointalk.org*erhm*
3. Those sites still have the potential. There isn't a clear line of websites where the skilled hacker will not go to.
4. Some computers store cache in their memory and printer does this as well. You have to thoroughly clean it. Virus scans can't and will never protect you from every single kind of viruses.
5.Tor can be malicious due to MITM attacks. But nerd internet forums=bitcointalk.org. Again, it doesn't matter what kind of website it is.
legendary
Activity: 1722
Merit: 1000
Has anybody here ever had any trouble with a paper wallet? I mean I know high tech malware exists but has anybody ever had an issue?
Some people are overly paranoid, I mean what kind of sites are people visiting to be worrying about back door malware, what kind of files are these people downloading?
I just go online for basic stuff, I'm not a techie, I don't visit places where highly skilled hackers will be out to play.
I think if you create your paper wallets offline & clear your history you should be ok, run regular virus scans.
Don't go on Tor or visit any nerd internet forums/sites.
You should be safe.

It is my wealth bro..  why people just throw their wealth into something and give zero fucks about security blows my mind.

Should That proves my point.


You are on these forums..... your e-mail is known by parties that would look into taking your bitcoins.


Why not be paranoid..Huh  Really though.

Have I had an issue, no, have I head of them, yes.  Perhaps because I am so paranoid I've had no issues Wink.

Why are you using bitcoin if you have no desire to use it's security features properly?
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
Has anybody here ever had any trouble with a paper wallet? I mean I know high tech malware exists but has anybody ever had an issue?
Some people are overly paranoid, I mean what kind of sites are people visiting to be worrying about back door malware, what kind of files are these people downloading?
I just go online for basic stuff, I'm not a techie, I don't visit places where highly skilled hackers will be out to play.
I think if you create your paper wallets offline & clear your history you should be ok, run regular virus scans.
Don't go on Tor or visit any nerd internet forums/sites.
You should be safe.
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