Topic: Safest place to store bitcoins? (Read 4093 times)

For me, memorising the private key was the only way to go.

The safest place for you will depend on your circumstances.

Another milestone towards CIYAM Open's 2013 mission has been achieved with the publication of the CIYAM Safe LiveOS on SUSE Studio: http://susestudio.com/a/kp8B3G/ciyam-safe

Using the distro as the LiveOS and after installing ZBar on your online computer you can create addresses and sign transactions in a manner that does not require USB (other than the live distro itself) as long as both your online and offline computers have webcams.

All source code is included - several various scripts and utilities are included from https://github.com/ciyam/safe and a slightly modified (just command line args not algo) version of "scrypt" from https://github.com/ciyam/scrypt.

If anyone would like to help test this it would be greatly appreciated (please consider it to be a "beta" at this stage and only test with very small amounts of BTC).

It should be noted that this is *not* trying to be an offline "wallet" in the same vein as Armory (although I guess it could be used for that purpose) and is not suitable for the technically non-savvy (you need to construct raw tx's) or for performing large numbers of tx's quickly. It's a bit more of a "nuts and bolts" type solution that was put together for the purpose of being able to create "paranoid" levels of security (as CIYAM Open intends to make sure its donations do not go anywhere apart from where they are meant to).

It has been tested with real transactions and testing also included re-installing the LiveOS (i.e. as if you'd lost it). The documentation is serviceable but far from "great" and the whole package could certainly be improved with some polish (if others are interested in using this and would be prepared to donate some funds towards adding more functionality then I will consider opening a project for it on CIYAM Open for it).

Of course others are welcome to copy this (or add QR comms to their own offline wallet projects).

You can get hacked by Alzheimer's. Make sure to save paper backups still.

You can get hacked by Alzheimer's. Make sure to save paper backups still.

Use a Brain Wallet.

https://bitaddress.org

I still say that encrypted software wallet like Multibit is better than paper wallet.  Of course back it up...on the cloud, on multiple USB sticks or microSD cards, etc.  As long as it is encrypted with something like PGP or True Crypt, you can name the container anythign you want and no one would know it's bitcoin and even if they found out, they couldn't do much because PGP has not been cracked.

Paper wallet can be found and seized and if it's not encrypted, then there go your BTC.

This is what I did, too. But it is a bit more technical than the original steps 1. to 4. Like the OP I am not a computer wiz. The additional step took me a couple of hours to sort out. You have to find out what Ubuntu is and what version to get,  download it, get the computer to boot off it, work out how to run bitaddress.org via Ubuntu, and finally get the printer to work with Ubuntu. The last step was particularly frustrating (!!!). Definitely safer though if the OP has time and is not computer-phobic.

thats the best idea i heard so far. very safe!

+1, That's what I do.. plus on the usb stick I put a live version of Ubuntu

this is a good idea ^^

Deep inside your rectum