Pages:
Author

Topic: Deleted - page 2. (Read 4793 times)

hero member
Activity: 588
Merit: 500
Will Bitcoin Rise Again to $60,000?
June 23, 2015, 02:54:41 AM
#65
Consider engraving your private key into a block of tungsten



With a melting point of 3422 °C if would be the only thing left if your house burn down.
And with approximate same density as gold, the block is rather heavy to pick up and run away with.



I actually like this idea alot, I would deff want to lock it down to the ground somehow tho Grin
hero member
Activity: 812
Merit: 1000
June 22, 2015, 11:46:24 PM
#64
What material they use to make those Black-Boxes inside an Aeroplane, that thing can take a good beating and it seem to survive in heat, water, etc. It'd be pretty safe to put some keys inside a safe box made of the same material.

But the thing is none of these things are safe from physical theft, they may last for life long but if a thief is able to get to them, they will be able to swipe off the key and steal the funds, they don't even need to move the carved stone or whatever and when and if bitcoin gets more mainstream we will see more robberies to steal people's stacked bitcoins.
legendary
Activity: 1092
Merit: 1001
June 22, 2015, 10:11:27 PM
#63
Don't know if this has already been posted here.
Check this out. https://www.kickstarter.com/projects/862339253/fahrenheit-2451-preserve-your-data-for-eternity
Nanoform will last for centuries, they say. Keep your privatekeys safe.... for centuries.  Shocked
full member
Activity: 168
Merit: 100
June 22, 2015, 08:00:59 PM
#62
True archivists know that digital technology has no longevity...computers may not be around...so to leave a record behind, has to be analog...use carved stone, tungsten, time weather resistant material.

For additional info, please see Tuhtankumen's burial crypt.
legendary
Activity: 1001
Merit: 1005
June 12, 2015, 11:00:31 PM
#61
Consider engraving your private key into a block of tungsten

With a melting point of 3422 °C if would be the only thing left if your house burn down.
And with approximate same density as gold, the block is rather heavy to pick up and run away with.


Just for the info of anyone trying to sweep it:

1fu1UkeMdZZjZeWktKobPWJAACWJZYJ1o

5JjP3pJpmzRWWB1me6423kFAHgX5DpcQA75zbPryeAPritoKt2e


Did you really take the time to enter that priv key into bitaddress.org?

Why not? The guy took the trouble of engraving it. Looks like people are already funding the block Grin
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
March 24, 2015, 07:53:50 AM
#60
It is! But it's a pretty time consuming process! You may want to carve some Electrum seed into the stone and sign messages for the respective addresses from an offline machine, that way you're completely safe!

When we talk about long time curation, then is this not a great idea, its actually a terrible idea, since you will also need to consider the aspects of digital curation.
You will need to include meta data in the stone how the seed should be read and understood, this will be quite substantial, much more data than the seed itself.
You cannot assume that a compatible version of the required software can just be "downloaded" 100 years from now, actually, you cannot be sure the term download even exist.
It is reasonable to assume that the Latin alphabet exist 100 years from know, therefor can the key be preserved with reasonable chance by carving that into the stone in raw format with latin letters,  if any thing more than the raw key is carved, then will you also need to include meta data. Data curation is actually much more complicated then one might think at first glimpse.
sr. member
Activity: 350
Merit: 250
Honest 80s business!
March 24, 2015, 05:57:37 AM
#59
I was thinking about long term wallets and how the steel wallets are neat and paper wallets are fine but what about a long term wallet to last for hundreds of years, this lead me to think of ruins and then it went to carved stone. Stone carvings and markings have are able to last an extremely long time as we have seen but has anyone thought about carving their private key into a stone and building it into your house or keeping it in a safe? No need to worry about fire and wearing down wouldn't be a significant issue unless it has a constant erosion variable. This may sound crazy but it just seems like the best long term storage that has proven the test of time through history.

It is! But it's a pretty time consuming process! You may want to carve some Electrum seed into the stone and sign messages for the respective addresses from an offline machine, that way you're completely safe!
sr. member
Activity: 254
Merit: 1258
March 23, 2015, 10:14:02 AM
#58
Why not engrave it onto a slab of gold? It may have a lower melting point than tungsten, but it would surely cover for your loss if Bitcoin was to hit the ground.
Gold is too risky, it will always have a high theft risk and your future generations may just see a coin slab and not check the key, also gold scratches, bends, and dents easily, this could mark up one of the letters or numbers and no eligible key. If the pyramids were made of gold they wouldn't be standing today.
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
March 24, 2015, 03:33:20 AM
#58
That's a bit paranoid don't you think? If you have a couple of hard drives and usbs they should last enough years before a single one fails. As one fails make a new backup. This way you will never lose them.

You should always have a physical copy of your keys somewhere. What if you decide one day you want to check all drives are doing fine, so you plug them into your computer and they become corrupted or infected with some sort of malware/ransomware. Having a physical copy can save you greatly.
Here's a quicker more cheaper way: print your paper wallet private key and put it inside a plastic safe from moisture and degradation. It should resist for your lifetime.

newbie
Activity: 16
Merit: 0
March 23, 2015, 09:20:45 PM
#57
I'm still voting for the chisel in rock, but rock, tungsten or amber - ALWAYS have back-ups in separate locations. You could even put HALF your key in one place - and the other half someplace else.
legendary
Activity: 1610
Merit: 1183
March 23, 2015, 06:06:21 PM
#56
That's a bit paranoid don't you think? If you have a couple of hard drives and usbs they should last enough years before a single one fails. As one fails make a new backup. This way you will never lose them.

You should always have a physical copy of your keys somewhere. What if you decide one day you want to check all drives are doing fine, so you plug them into your computer and they become corrupted or infected with some sort of malware/ransomware. Having a physical copy can save you greatly.
Here's a quicker more cheaper way: print your paper wallet private key and put it inside a plastic safe from moisture and degradation. It should resist for your lifetime.
legendary
Activity: 1050
Merit: 1000
March 23, 2015, 02:25:20 PM
#55
That's a bit paranoid don't you think? If you have a couple of hard drives and usbs they should last enough years before a single one fails. As one fails make a new backup. This way you will never lose them.

You should always have a physical copy of your keys somewhere. What if you decide one day you want to check all drives are doing fine, so you plug them into your computer and they become corrupted or infected with some sort of malware/ransomware. Having a physical copy can save you greatly.
sr. member
Activity: 254
Merit: 1258
March 23, 2015, 09:04:41 AM
#55
We used to preserve insects in a plastic resin, when we were still in school... You could encapsulate your stone carving into a plastic resin for double protection.  Grin

I think a 100 years from now, Bitcoin would be a distant memory.... We will have some sort of payment method linked to your DNA and payment will be done with your brain waves and little Nano robots.  Grin

We will all be "dust" by then... Bitcoin will be the least of our worries.  Wink
Not too sure about that, things seam to build upon each other and maybe this will be true but it might just be 10 hardforks away and your coins would be worth a ton to your great great grand children.
hero member
Activity: 700
Merit: 501
March 23, 2015, 02:19:53 PM
#54
That's a bit paranoid don't you think? If you have a couple of hard drives and usbs they should last enough years before a single one fails. As one fails make a new backup. This way you will never lose them.
legendary
Activity: 1050
Merit: 1000
March 23, 2015, 11:08:16 AM
#53
Why not engrave it onto a slab of gold? It may have a lower melting point than tungsten, but it would surely cover for your loss if Bitcoin was to hit the ground.
Gold is too risky, it will always have a high theft risk and your future generations may just see a coin slab and not check the key, also gold scratches, bends, and dents easily, this could mark up one of the letters or numbers and no eligible key. If the pyramids were made of gold they wouldn't be standing today.

Why not engrave it onto a slab of gold? It may have a lower melting point than tungsten, but it would surely cover for your loss if Bitcoin was to hit the ground.

Tungsten has better long term preservative properties than gold
When that is said, then is my opinion that gold is one of the solid commodity investments you can make right now.
I would not be surprised to see gold @ $2000/Oz within the next 5-10 years.


Good points raised.  High value metals seem to be good investments to make a pretty decent return on it.
Would Palladium and Platinum be good replacements for gold? Maybe not Platinum as I know it's malleable. I can't find anything on Palladium.

Both Platinum and Palladium are precious metals and are rather expensive, Platinum is at $1134 and Palladium is at $773 (50 times more expensive than Silver).
Palladium is much harder than gold but less hard than tungsten.
I don't see any special properties for Palladium that makes it a great bitcoin wallet (other than it is nice and shiny, but tungsten can be made shiny too).
Then you might as well use steel, it only cost a fraction of the price.

Side note:
Both Platinum and Palladium are good commodity investments as well, but I believe gold has greater potential.
But there is something special about Platinum, hard to explain, but the coins I have seen in Platinum just make the same wow impression as gold coins.
 

They may be expensive but I still feel as if it may cover your potential losses if you bought bitcoin and it crashed. I'll assume that you won't keep your keys on the block of tungsten only as it still can be lost. If you're going to have multiple backups of the keys why not just go full out and try maximize your profits. The only thing I still find to be a problem is the malleability of the metals.
sr. member
Activity: 254
Merit: 1258
March 22, 2015, 03:52:58 PM
#53
I'm not so keen on stone or tungsten or tattoos. At some point an emergency may necessitate you accessing the keys and then you're stuck with a full sized pyramid to get rid of, let alone a passing tunneler arriving in your basement and reading them.

A more dependable and secretive technique would be to breed a strain of miniature horses that could pick out the private keys with a ouija board if they sniffed your DNA or that of your descendants. If they were trained well enough the muscle memory of the private key would pass from generation to generation.
No one said the stone or tungsten had to be hard to access, a stone key or Tungsten QR wouldn't have to be huge and could be placed in a closet or a chest.
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
March 23, 2015, 10:51:03 AM
#52
Why not engrave it onto a slab of gold? It may have a lower melting point than tungsten, but it would surely cover for your loss if Bitcoin was to hit the ground.
Gold is too risky, it will always have a high theft risk and your future generations may just see a coin slab and not check the key, also gold scratches, bends, and dents easily, this could mark up one of the letters or numbers and no eligible key. If the pyramids were made of gold they wouldn't be standing today.

Why not engrave it onto a slab of gold? It may have a lower melting point than tungsten, but it would surely cover for your loss if Bitcoin was to hit the ground.

Tungsten has better long term preservative properties than gold
When that is said, then is my opinion that gold is one of the solid commodity investments you can make right now.
I would not be surprised to see gold @ $2000/Oz within the next 5-10 years.


Good points raised.  High value metals seem to be good investments to make a pretty decent return on it.
Would Palladium and Platinum be good replacements for gold? Maybe not Platinum as I know it's malleable. I can't find anything on Palladium.

Both Platinum and Palladium are precious metals and are rather expensive, Platinum is at $1134 and Palladium is at $773 (50 times more expensive than Silver).
Palladium is much harder than gold but less hard than tungsten.
I don't see any special properties for Palladium that makes it a great bitcoin wallet (other than it is nice and shiny, but tungsten can be made shiny too).
Then you might as well use steel, it only cost a fraction of the price.

Side note:
Both Platinum and Palladium are good commodity investments as well, but I believe gold has greater potential.
But there is something special about Platinum, hard to explain, but the coins I have seen in Platinum just make the same wow impression as gold coins.
 



legendary
Activity: 1050
Merit: 1000
March 23, 2015, 10:31:12 AM
#51
Why not engrave it onto a slab of gold? It may have a lower melting point than tungsten, but it would surely cover for your loss if Bitcoin was to hit the ground.
Gold is too risky, it will always have a high theft risk and your future generations may just see a coin slab and not check the key, also gold scratches, bends, and dents easily, this could mark up one of the letters or numbers and no eligible key. If the pyramids were made of gold they wouldn't be standing today.

Why not engrave it onto a slab of gold? It may have a lower melting point than tungsten, but it would surely cover for your loss if Bitcoin was to hit the ground.

Tungsten has better long term preservative properties than gold
When that is said, then is my opinion that gold is one of the solid commodity investments you can make right now.
I would not be surprised to see gold @ $2000/Oz within the next 5-10 years.


Good points raised.  High value metals seem to be good investments to make a pretty decent return on it.
Would Palladium and Platinum be good replacements for gold? Maybe not Platinum as I know it's malleable. I can't find anything on Palladium.
sr. member
Activity: 254
Merit: 1258
March 22, 2015, 12:28:27 PM
#50
Engraved Tungsten ring?  I would never trust an engraver with my private key though. 

I would consider having them carve a Bip-32 password protected address.


Neat idea for a ring, especially one you wear everyday (if you can engrave it on the inside the better).
legendary
Activity: 1960
Merit: 1062
One coin to rule them all
March 23, 2015, 10:15:21 AM
#50
Why not engrave it onto a slab of gold? It may have a lower melting point than tungsten, but it would surely cover for your loss if Bitcoin was to hit the ground.

Tungsten has better long term preservative properties than gold
When that is said, then is my opinion that gold is one of the solid commodity investments you can make right now.
I would not be surprised to see gold @ $2000/Oz within the next 5-10 years.
Pages:
Jump to: