Topic: Keeping your butts safe (Read 4161 times)
Yeah, just store your backups on a cubesat. Or the moon. Or under the sea. I dunno. They are all really far fetched.
- Fire/flood/theft risk (unless mitigated with some kind of backup)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
Thank you for your reply, but those are all covered.
Fire = encrypted backups
Keylogger = after initial set up disconnected, no further software is installed. no hardware is allowed near it. It's a clean machine, bare OS, all other services off, all other ports blocked.
Travel = that's a given, I would need to be on that particular machine. Backups will take time to set up, but can be done (same as for destruction).
Data corruption = same backups.
Correct! Also, best to have them in more than one physical location. To protect against earthquakes, volcanic eruptions, and tsunamis. No real protection against giant asteroids though, since that will wipe us all out.
I chose 10km because I rarely leave the city. I concluded that if I am likely to survive any city-destroying event: so should my Bitcoin. If the city is totally wiped off the map, I probably won't be looking for my private keys.
Me and another forum member were thinking of offering a service to hold some of your paper wallets, for a fee. I'm at least 10,000 km away from you.
If your city got wiped off the map, but you survive, you may want to have access to your bitcoins.
Where do you guys store your paper wallets? If I had a safe that weighed like 500 lbs I'd use that, but not many people have that.
I guess most people just find a hiding spot in their house and hope it doesn't burn down?
I guess most people just find a hiding spot in their house and hope it doesn't burn down?
This came up once before in this thread, but nobody responded directly.
If you are worried about your house burning down, you obviously do not have off-site, verified backups.
I currently have my Bitcoin stored in two locations at least 10km apart. I must confess, it was scary to open the sealed envelope only to learn that some of my private keys were only stored in one location (ie: not verified).
I hope to upgrade to 3 locations at least 10km from each other, each with m-of-n keys, such that 2 keys are needed to recover funds. If you opt for a safe-deposit box 10km from your home, you may get extra scrutiny for using a branch that is not near your home or place of work.
I chose 10km because I rarely leave the city. I concluded that if I am likely to survive any city-destroying event: so should my Bitcoin. If the city is totally wiped off the map, I probably won't be looking for my private keys.
With the precautions outlined above, I think there is no problem with paper wallets. Some people suggest encrypting your backups, but then you will need to back up the decryption key somewhere. As the number of locations go up, the higher the chance of compromise. That is why m-of-n keys with some kind of tamper detection would be ideal.
I have two offline wallets that split my BTC between the two. If something happens to one, I don't lose them all.
I have my public addresses as 'watch only' so I can monitor the balances.
I have my private keys stamped into metal that won't melt if the house burned down.
AND I have paper copies in another location, split up so you need both parts to complete the key.
I'm HODLing long term, so I wanted to be safe.
I have my public addresses as 'watch only' so I can monitor the balances.
I have my private keys stamped into metal that won't melt if the house burned down.
AND I have paper copies in another location, split up so you need both parts to complete the key.
I'm HODLing long term, so I wanted to be safe.
This is one of the best option you can have to keep your BTCs safe
Where do you guys store your paper wallets? If I had a safe that weighed like 500 lbs I'd use that, but not many people have that.
I guess most people just find a hiding spot in their house and hope it doesn't burn down?
I guess most people just find a hiding spot in their house and hope it doesn't burn down?
- Fire/flood/theft risk (unless mitigated with some kind of backup)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
Thank you for your reply, but those are all covered.
Fire = encrypted backups
Keylogger = after initial set up disconnected, no further software is installed. no hardware is allowed near it. It's a clean machine, bare OS, all other services off, all other ports blocked.
Travel = that's a given, I would need to be on that particular machine. Backups will take time to set up, but can be done (same as for destruction).
Data corruption = same backups.
Correct! Also, best to have them in more than one physical location. To protect against earthquakes, volcanic eruptions, and tsunamis. No real protection against giant asteroids though, since that will wipe us all out.
- Fire/flood/theft risk (unless mitigated with some kind of backup)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
Thank you for your reply, but those are all covered.
Fire = encrypted backups
Keylogger = after initial set up disconnected, no further software is installed. no hardware is allowed near it. It's a clean machine, bare OS, all other services off, all other ports blocked.
Travel = that's a given, I would need to be on that particular machine. Backups will take time to set up, but can be done (same as for destruction).
Data corruption = same backups.
You can try bither bitcoin wallet.It is easy to use and very safety.
Wiating for multisig support on bitcoincore gui
Yeah I'm surprised this hasn't been implemented into core's gui yet, been meaning to try out Armory's multi-sig wallet just haven't got round to it.
Absolutely.
Store in cold wallets the amount of bitcoins you are not planning to use in the coming weeks and at a high % (>90-95%) if you have a considerable amount.
Store in cold wallets the amount of bitcoins you are not planning to use in the coming weeks and at a high % (>90-95%) if you have a considerable amount.
You could post your private key on bitcointalk. Nobody would believe you! :p
Disclaimer:
JUST KIDDING DON'T DO THAT!!!
Disclaimer:
JUST KIDDING DON'T DO THAT!!!
It's essentially an "online" wallet that almost no hacker can get to (because it's behind two NATs).
You are essentially a bitcoin leacher. Don't be a sissy, open up port 8333.
(j/k do whatever makes you feel safer)
I have a few full nodes open up. Those don't have any coins in them.
Make sure initial key generation is done on clean machine as well or external random source.
There's always the attack that could happen even on offline machines if the key generation
is from a known set.
There's always the attack that could happen even on offline machines if the key generation
is from a known set.
Of course. Make it run for a day. Then create a brand new wallet. Or generate the wallet from another offline computer. I think there's the paperwal, and for mass production there is vanitygen and bitaddress.
Wiating for multisig support on bitcoincore gui
Yes it is very very risky to keep them without a cold storage. I mean there are all sorts of people out there looking for just one chance to steal your Bitcoins !
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
- Fire/flood/theft risk (unless mitigated with some kind of backup)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
Thank you for your reply, but those are all covered.
Fire = encrypted backups
Keylogger = after initial set up disconnected, no further software is installed. no hardware is allowed near it. It's a clean machine, bare OS, all other services off, all other ports blocked.
Travel = that's a given, I would need to be on that particular machine. Backups will take time to set up, but can be done (same as for destruction).
Data corruption = same backups.
Make sure initial key generation is done on clean machine as well or external random source.
There's always the attack that could happen even on offline machines if the key generation
is from a known set.
It's essentially an "online" wallet that almost no hacker can get to (because it's behind two NATs).
You are essentially a bitcoin leacher. Don't be a sissy, open up port 8333.
(j/k do whatever makes you feel safer)
- Fire/flood/theft risk (unless mitigated with some kind of backup)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
Thank you for your reply, but those are all covered.
Fire = encrypted backups
Keylogger = after initial set up disconnected, no further software is installed. no hardware is allowed near it. It's a clean machine, bare OS, all other services off, all other ports blocked.
Travel = that's a given, I would need to be on that particular machine. Backups will take time to set up, but can be done (same as for destruction).
Data corruption = same backups.
legendary
Activity: 1302
Merit: 1008
Core dev leaves me neg feedback #abuse #political
I didn't see this question asked.
Would it be safe to store all your coins on a Trezor hardware wallet long term?
Would it be safe to store all your coins on a Trezor hardware wallet long term?
Ive heard good things generally about Trezor, but
any hardware can fail or could be destroyed in
a fire, flood, etc...so you should have a back up.
Plus there is the possibility it could be stolen.
You need to consider all those things.
Serious question:
How about a fair amount of bitcoins, on Bitcoin Core, on a computer that:
1. is behind 2 routers, uPNP turned off (internet > router1 > router2 > computer)
2. is not port forwarded, therefore does not accept incoming connections (so connections are always at 8 out)
3. good password
4. is not used for anything else, only Bitcoin Core (was fresh installed OS, regardless of OS)
For added info, the routers are a service provided branded ZyXel router and a Cisco E1000 router, in that order. (Does it really matter ...)
It's essentially an "online" wallet that almost no hacker can get to (because it's behind two NATs).
Physical security is a different topic, but I've got that covered on my end.
Then I have another computer that is air-gapped for cold storage.
How about a fair amount of bitcoins, on Bitcoin Core, on a computer that:
1. is behind 2 routers, uPNP turned off (internet > router1 > router2 > computer)
2. is not port forwarded, therefore does not accept incoming connections (so connections are always at 8 out)
3. good password
4. is not used for anything else, only Bitcoin Core (was fresh installed OS, regardless of OS)
For added info, the routers are a service provided branded ZyXel router and a Cisco E1000 router, in that order. (Does it really matter ...)
It's essentially an "online" wallet that almost no hacker can get to (because it's behind two NATs).
Physical security is a different topic, but I've got that covered on my end.
Then I have another computer that is air-gapped for cold storage.
- Fire/flood/theft risk (unless mitigated with some kind of backup)
- Keylogger risk (true for pretty much everything except trezor style device)
- Coins perhaps inaccessible if you travel
- Potential data corruption (again unless mitigated through solid backups, which is more opportunity for fuck ups)
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