Author

Topic: My cold wallet (Read 1144 times)

sr. member
Activity: 980
Merit: 255
March 14, 2017, 04:27:49 PM
#18
I am somewhat opposed to cell phones. They are made for spying onto you, so not a trustworthy platform. According to the Vault 7 revelations anything "smart" is not trustworthy.
Yeah I don’t like my phones being smarter than I’m it is better to run a desktop wallet than something in a phone and if you can runt on Linux and avoid windows like plague, especially windows 10.
newbie
Activity: 45
Merit: 0
March 14, 2017, 08:42:07 AM
#17
the question is "why".
when you can use a much easier way of using a live linux (without the hassle of a cell phone and its privacy hazard of constantly being connected to the network and even possibly broadcasting data to your network provider) and print the safest cold storage meaning on a paper, why would you choose to use your cell phone?

Because its portable. no funded BTC cold storage is on it, thats on an external sd card, (easy to stash away), this is only a portable qr address; reader, generator, and transfer system. I have used linux usb and i always had to find a computer to generate addresses. This lets me do it whenever, wherever, and securely on the fly. A linux usb and trezor didn't offer me that. I often sit on a bench in a park or in my car at lunch and generate addresses offline in minutes. I always have it on me as I carry it around with me it always has only one BTC address and keys with around $20 on it (for a beer or quick trade). And other than that all it has is a few blank generated public qr addresses waiting for putting funds onto it, As I have the blank copies at home as well with the private key in cold storage this is no problem, It is more portable than my linux usb, and as a bonus, this totally offline device has a screen for displaying QR and a camera to take a pic of another QR and save it to file.

there is one thing wrong with your thoughts in my honest opinion.
a cold storage is something that you "put away" or in other words you don't plan on accessing the funds in it every day or even every week or in case of long term hodlers even for years.
and for that you don't need or i better say you shouldn't carry it around.

if you want to receive funds in that cold storage, the only thing you need is one address, its public key or since you like it so much its QR code.

if you want pocket money bitcoin then use a hot (mobile) wallet with small amounts that you want to spend.

in short other words. cold storage is the dollar bills you hide in your mattress and hot wallet (portable on your cell phone) is the dollar bills you put in your back pocket. since you don't carry your mattress around with you, around your neck, there is not reason why you should carry your cold storage with you either.

My SD card and printed paper wallets are my cold storage, Once I save my generated info into addresses keys I put them on an sd card and erase the generated address contents on the device. I do however Keep a few addresses on it with about $50 so i can use those funds on the fly.
newbie
Activity: 45
Merit: 0
March 14, 2017, 08:37:25 AM
#16
the question is "why".
when you can use a much easier way of using a live linux (without the hassle of a cell phone and its privacy hazard of constantly being connected to the network and even possibly broadcasting data to your network provider) and print the safest cold storage meaning on a paper, why would you choose to use your cell phone?

I started with linux usb. It always tied me to a laptop, I was sitting there staring at the usb and the laptop screen trying to put them onto a single device when it hit me. I wanted the computer and screen on a portable memory computational device. So I dug for an old phone. I am just as paranoid (or more so) as the next guy.  I created my setup from the ground up so I know what it can and cant broadcast. And it cant broadcast anything. Since I built it. I know waht it is.  I bricked it into a hand held QR generator. It does what I want and I am no longer tied to a laptop.
hero member
Activity: 966
Merit: 535
March 13, 2017, 06:52:14 PM
#15
I am somewhat opposed to cell phones. They are made for spying onto you, so not a trustworthy platform. According to the Vault 7 revelations anything "smart" is not trustworthy.

I think a cellphone is good for smaller transactions because of the ease of use. I wouldn't trust my life savings in it though. The best thing to do is to use a full qt wallet. You dont want to trust your wallet to another third party of you can help it. For business deals and stuff you should always have full control.
legendary
Activity: 3472
Merit: 10611
March 13, 2017, 12:48:03 AM
#14
the question is "why".
when you can use a much easier way of using a live linux (without the hassle of a cell phone and its privacy hazard of constantly being connected to the network and even possibly broadcasting data to your network provider) and print the safest cold storage meaning on a paper, why would you choose to use your cell phone?

Because its portable. no funded BTC cold storage is on it, thats on an external sd card, (easy to stash away), this is only a portable qr address; reader, generator, and transfer system. I have used linux usb and i always had to find a computer to generate addresses. This lets me do it whenever, wherever, and securely on the fly. A linux usb and trezor didn't offer me that. I often sit on a bench in a park or in my car at lunch and generate addresses offline in minutes. I always have it on me as I carry it around with me it always has only one BTC address and keys with around $20 on it (for a beer or quick trade). And other than that all it has is a few blank generated public qr addresses waiting for putting funds onto it, As I have the blank copies at home as well with the private key in cold storage this is no problem, It is more portable than my linux usb, and as a bonus, this totally offline device has a screen for displaying QR and a camera to take a pic of another QR and save it to file.

there is one thing wrong with your thoughts in my honest opinion.
a cold storage is something that you "put away" or in other words you don't plan on accessing the funds in it every day or even every week or in case of long term hodlers even for years.
and for that you don't need or i better say you shouldn't carry it around.

if you want to receive funds in that cold storage, the only thing you need is one address, its public key or since you like it so much its QR code.

if you want pocket money bitcoin then use a hot (mobile) wallet with small amounts that you want to spend.

in short other words. cold storage is the dollar bills you hide in your mattress and hot wallet (portable on your cell phone) is the dollar bills you put in your back pocket. since you don't carry your mattress around with you, around your neck, there is not reason why you should carry your cold storage with you either.
newbie
Activity: 45
Merit: 0
March 12, 2017, 11:23:21 PM
#13
the question is "why".
when you can use a much easier way of using a live linux (without the hassle of a cell phone and its privacy hazard of constantly being connected to the network and even possibly broadcasting data to your network provider) and print the safest cold storage meaning on a paper, why would you choose to use your cell phone?

Because its portable. no funded BTC cold storage is on it, thats on an external sd card, (easy to stash away), this is only a portable qr address; reader, generator, and transfer system. I have used linux usb and i always had to find a computer to generate addresses. This lets me do it whenever, wherever, and securely on the fly. A linux usb and trezor didn't offer me that. I often sit on a bench in a park or in my car at lunch and generate addresses offline in minutes. I always have it on me as I carry it around with me it always has only one BTC address and keys with around $20 on it (for a beer or quick trade). And other than that all it has is a few blank generated public qr addresses waiting for putting funds onto it, As I have the blank copies at home as well with the private key in cold storage this is no problem, It is more portable than my linux usb, and as a bonus, this totally offline device has a screen for displaying QR and a camera to take a pic of another QR and save it to file.
newbie
Activity: 45
Merit: 0
March 12, 2017, 11:18:30 PM
#12
Noooo not with a cellphone! I'd really stay away from your regular smartphones, if you really want to couple it to a mobile device get an encrypted phone, but for that price you can get like 10 trezors...

I paid $11 apiece for two of these, so i could get like 5 of these for the price of a trezor, I have also disabled all data capabilities including gps, you can even disable the eternal hardware, (cut the internal antenna's etc). This is no longer a phone. its a cold offline device
legendary
Activity: 3472
Merit: 10611
March 12, 2017, 12:23:59 AM
#11
the question is "why".
when you can use a much easier way of using a live linux (without the hassle of a cell phone and its privacy hazard of constantly being connected to the network and even possibly broadcasting data to your network provider) and print the safest cold storage meaning on a paper, why would you choose to use your cell phone?
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
March 11, 2017, 11:37:56 PM
#10
the only real safe place for any wallet in buried and underground and forgotten about!
everything else is a hazard waiting to happen!
newbie
Activity: 45
Merit: 0
March 11, 2017, 10:30:28 PM
#9
What if you drop your cell phone in some water? Will you have lost everything?
 
 no usually there is nothing on the device, its on a couple of sd cards if one sd card goes down i still have the other, (I never leave the sd in it, and delete the info off the device once backup are made). and what if you drop a paer wallet or a trezor in a lake, . I made a you tube video of it. https://www.youtube.com/watch?v=yOiTcHHV0sM&feature=youtu.be
member
Activity: 113
Merit: 29
March 11, 2017, 07:08:38 PM
#8
If you keep your seed somewhere or in mind, no.
sr. member
Activity: 476
Merit: 255
March 11, 2017, 03:53:04 PM
#7
What if you drop your cell phone in some water? Will you have lost everything?
RJX
legendary
Activity: 1078
Merit: 1003
March 11, 2017, 05:07:07 AM
#6
Noooo not with a cellphone! I'd really stay away from your regular smartphones, if you really want to couple it to a mobile device get an encrypted phone, but for that price you can get like 10 trezors...
sr. member
Activity: 462
Merit: 250
March 11, 2017, 04:58:50 AM
#5
That's quite a cool setup, you may want to check out Bither's cold storage app, it's the same sort of setup as yours but it's really easy to use and install. Make sure you completely wiped the phone and don't let it touch any wifi/mobile network!
legendary
Activity: 1764
Merit: 1000
March 11, 2017, 04:43:11 AM
#4
just get a trezor... it safes you a lot of trouble and is kinda user friendly
newbie
Activity: 45
Merit: 0
March 11, 2017, 04:22:13 AM
#3
root is an amazing thing, and the hardware can be data neutered, and actually its not a smart device in any sense, unless a calculator is a smart device
legendary
Activity: 1245
Merit: 1004
March 11, 2017, 04:17:58 AM
#2
I am somewhat opposed to cell phones. They are made for spying onto you, so not a trustworthy platform. According to the Vault 7 revelations anything "smart" is not trustworthy.
newbie
Activity: 45
Merit: 0
March 11, 2017, 03:36:05 AM
#1
Both these are pics of my offline cold wallet setup , the first pic is the QR screen, this is how I add funds to it and take funds off of it using my cell phone. The second pic is the paper wallet offline generator, which can then be copied to sd card and printed.

 https://www.reddit.com/r/Bitcoin/comments/5yrjjh/cold_storage/ . https://www.reddit.com/r/Bitcoin/comments/5yrk17/offline_paper_wallet_generator/

The complete setup runs in tandem with my cell phone.
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