At this point why don't we start using Steganography https://en.wikipedia.org/wiki/Steganography
Not saying that since this is the way we have done it, it is the way it should be done. But, if there is not an active BIP on this being discussed which means a lot of eyes on it for discussion, there is always the possibility that something was missed by the person who came up with the idea.
It SOUNDS interesting but without more people who are familiar with this kind of thing I would stay away.
It's money, be safe, not creative.
Humor, but why do people still look for buried pirate treasure? Because, instead of using normal maps the pirate captains got creative, and then when something happened to them nobody could figure out what they did to make the maps.
Do you want your grand-kids searching for the lost treasure of Hatchy?
-Dave
Topic: Storing Private Keys with Colors, how safe is this? - page 3. (Read 538 times)
I recently came across an interesting new tool developed by Bitcoin developer Entero Positivo on GitHub This tool claims to offer a different way of storing Bitcoin seed phrases using Bip39colors. According to the developer,
However, I personally have reservations about this idea of storing seed phrases as colors. It raises concerns about the safety of the conversion process and the risk involved in using an online tool to handle sensitive information like seed phrases. Instead, I believe it's safer to stick to the traditional method of storing seed phrases.
Quote
you can convert a 12-word phrase into 8 colors (or a 24-word phrase into 16 colors) and then convert them back to the original seed
However, I personally have reservations about this idea of storing seed phrases as colors. It raises concerns about the safety of the conversion process and the risk involved in using an online tool to handle sensitive information like seed phrases. Instead, I believe it's safer to stick to the traditional method of storing seed phrases.
If the tool is open source and can be operated offline, and has no capability to connect or send any data to and from the internet, then it's a fine solution. If you want to be super cautious, run it offline in an isolated environment (separate user/VM) and/or from flash storage, do what you have to do, then remove the software. That's enough to remove the trust factor.
Do whatever you want with your private keys, just do not store it in a notepad file on a system connected to Internet or in your emails or in any place which is connected to Internet.
Make sure your private key stays offline. Register it down or write it down and store it in a locker. Also, do not ever store your private keys in a phone app which says it will keep it protected.
Anything that is connected to internet can surely giveaway your private key. Making an encryption like this and storing it doesn't save it either. Someone will crack it down.
Make sure your private key stays offline. Register it down or write it down and store it in a locker. Also, do not ever store your private keys in a phone app which says it will keep it protected.
Anything that is connected to internet can surely giveaway your private key. Making an encryption like this and storing it doesn't save it either. Someone will crack it down.
Agreed. Anything connected to the internet poses risk, and storing in an unencrypted file on a PC that is being used daily is a permanent risk.
A locker on the other hand...I wouldn't usually opt for this. Something at home that's obviously not a private key is enough, with a backup elsewhere. The color solution OP doesn't seem like a bad idea.
Your private seed, your problem, you are free to do whatever you want with it, just be cautious, because any single mistake from the user it's gone, I still prefer writing them down or carving on a clean silver steel and keep that in a safe, somewhere far from strangers and families reach, this is money we talking a bout, even your family can betray you and rob you, I know some have good family, you are lucky and blessed, not every homes are made of loyal people.
1. Say no to strangers in your private space.
2. Talk less about crypto investment in front of people.
3. Stay away from cloud storage and written recovery seed in your email account.
1. Say no to strangers in your private space.
2. Talk less about crypto investment in front of people.
3. Stay away from cloud storage and written recovery seed in your email account.
Sounds great, I think. At least while you're keeping it offline and safe. I'm used to regular seed phrase that I'm keeping in my wardrobe on a list of paper.
I recently came across an interesting new tool developed by Bitcoin developer Entero Positivo on GitHub This tool claims to offer a different way of storing Bitcoin seed phrases using Bip39colors. According to the developer,
Using a third party tool to store your seed phrase or private keys is not advisable. I see no difference between Entero's colour seed phrase backup and Ledger Nano X seed phrase backup as both involves using a third party agent. The safety of the tool is highly questionable. An hacker can exploit the application and steal one's seed phrase and I believe the colour backup can also be cracked to reveal the seed phrase as well. Writing your seed phrase down on a piece of paper or on a metallic steel and keeping it somewhere safe is still the best and safest method. Quote
you can convert a 12-word phrase into 8 colors (or a 24-word phrase into 16 colors) and then convert them back to the original seed
It's a terrible idea.
You are completely dependent on this one implementation for it to work. If that implementation disappears, would you remember how to recreate the process and recover your seed phrase from your color palette? Probably not.
You cannot print out your colors, since no printer will print the exact accurate hex color and no scanner will scan in the exact accurate hex color, meaning any printed back up is worthless. This limits you to either storing the hex colors electronically which is a security risk, or writing them down by hand. If you are going to write something down by hand, it is much safer to write down a human readable seed phrase where one or two incorrect characters is still easily recoverable, than it is to write down a string of hex numbers where one or two incorrect characters may lead to permanent loss of your funds.
No one should use this.
You are completely dependent on this one implementation for it to work. If that implementation disappears, would you remember how to recreate the process and recover your seed phrase from your color palette? Probably not.
You cannot print out your colors, since no printer will print the exact accurate hex color and no scanner will scan in the exact accurate hex color, meaning any printed back up is worthless. This limits you to either storing the hex colors electronically which is a security risk, or writing them down by hand. If you are going to write something down by hand, it is much safer to write down a human readable seed phrase where one or two incorrect characters is still easily recoverable, than it is to write down a string of hex numbers where one or two incorrect characters may lead to permanent loss of your funds.
No one should use this.
A tool? No thanks.
I don't want to download anything that shall be touching my seeds or private keys. I'm good with the conventional method of just writing it down on a piece of paper and let me handle how I'll keep the paper intact and away from anyone.
I'll not use any tool or app that's going to involve my private keys, this is the reason why some have been hacked when they think that they'll have a better way of keeping it than the usual one we does.
I don't want to download anything that shall be touching my seeds or private keys. I'm good with the conventional method of just writing it down on a piece of paper and let me handle how I'll keep the paper intact and away from anyone.
I'll not use any tool or app that's going to involve my private keys, this is the reason why some have been hacked when they think that they'll have a better way of keeping it than the usual one we does.
However, I personally have reservations about this idea of storing seed phrases as colors. It raises concerns about the safety of the conversion process and the risk involved in using an online tool to handle sensitive information like seed phrases. Instead, I believe it's safer to stick to the traditional method of storing seed phrases.
I would like to hear your thoughts on this matter. Do you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
For me, this can be a good tool for the developer, but for the fact that it involves we sharing our seed phrase on an online tool, it's kind of risky because only if they could know which wallet belongs to those seed phrases, then we stand the chance of losing all our funds, which is what we all try to avoid & the biggest fear of every crypto holder.I would like to hear your thoughts on this matter. Do you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
But I just gave the tool a try while using a random seed phrase to see if It could generate any colour, and it didn't as the tool was able to detect it's an invalid seed phrase, as I'm scared to share my true seed phrase, as you can see below.
I also saw this method recently, and I still haven't tried it. But honestly, I'm happy with my old method because I've been safe with it for years with no problems. You can use any solution for your seed phrase as long as you feel it's safe for you, you don't have to follow others. We have many methods of storing seed phrases, but I still choose the most traditional way of writing them down on paper and storing them in places, where I feel safe. Sometimes this method will be safe for you but not for others, so choose the best way for you.
I would say this is just being over zealous because no matter how much one should try to keep them keys safe, converting it from one form to another doesn't exactly make it safe.
Unless there are persons who you know have tried doing this and it works perfectly, it is advised against.
You could go ahead and try it, but please leave the wallet empty or with coins you can afford to loose. When it works and upon an observatory period, you can share with us how it performed. This will of course be based on if developers don't make changes to the open source wallet you use.
Unless there are persons who you know have tried doing this and it works perfectly, it is advised against.
You could go ahead and try it, but please leave the wallet empty or with coins you can afford to loose. When it works and upon an observatory period, you can share with us how it performed. This will of course be based on if developers don't make changes to the open source wallet you use.
I'm against converting SEED phrase into color palette.
The consensus among forum community is that metal backup which is resistant to corrosion and fire is the most reliable way for storing SEED phrase. Using it to store color HEX codes would necessitate stamping full six characters for every word converted into color, which, sure, is a more harder work compared to simply stamping the initial four characters taken from each BIP 39 words in your SEED phrase.
The consensus among forum community is that metal backup which is resistant to corrosion and fire is the most reliable way for storing SEED phrase. Using it to store color HEX codes would necessitate stamping full six characters for every word converted into color, which, sure, is a more harder work compared to simply stamping the initial four characters taken from each BIP 39 words in your SEED phrase.
I would like to hear your thoughts on this matter. Do you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
Your seed phrases are your personal wallet security information, which is your Bitcoin in this aspect; therefore, making sure the seed phrases are safe is your own duty as a wallet owner. You have the right to use whatever method you find safe to secure your wallet. If you find the use of colors a safe way for yourself, then go ahead. The advice the forum users always give is to avoid saving your seed phrase online or anything that is connected to the internet to avoid having your wallet compromised.
However, I personally have reservations about this idea of storing seed phrases as colors.
A seed phrase is just a piece of random information, you can convert it into different formats like text, pictures, emojis, or mp3 files, but that is not going to make it less random, especially if we assume that a good source of entropy was used to create it in the first place.Quote
It raises concerns about the safety of the conversion process and the risk involved in using an online tool to handle sensitive information like seed phrases.
Obviously, you should never insert your real private keys into any online forms, it is okay, however, to use web applications for testing and demonstration purposes. Fortunately, this tool is fully open source, which means you can verify the code, copy it on your machine and run it locally without risking exposing sensitive information. Quote
Instead, I believe it's safer to stick to the traditional method of storing seed phrases.
I would like to hear your thoughts on this matter. Do you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
When it comes to the security and safety of financial data, it is always better to stick to standard practices that are time-tested, well-reviewed, and widely adopted. For example, two months from now, a malicious developer may decide to slightly change the encoding algorithm to make all existing color backups impossible to decode. Given the low adoption of this encoding scheme, you are risking to lose access to your funds because an old version of code may be unavailable. I would like to hear your thoughts on this matter. Do you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
It's just an another way you convert your private key into something that Average Joe wouldn't know if it's contain your private key. Safe or not, quite similar like how you hide and store your private key in a safe place. I think you're must write down the HEX code if you want to store it offline because if you print out the colors, there's a chance the color you printed isn't same due to int quality, paper quality, etc, using color picker will give your different HEX code.
See, both of the colors are same if we see with our eyes, but the HEX code are different.
█
HEX code: #ff4017
█
HEX code: #ff4219
When you make a colorful backup, you will have to back up the HEX code to know what is that color. You can not print a colorful paper piece and use it for recovery if you don't know the HEX code.See, both of the colors are same if we see with our eyes, but the HEX code are different.
█
HEX code: #ff4017
█
HEX code: #ff4219
I don't see good convenience and safety with this colorful backup style. It is like I have to encrypt my seed phrase to colors which are hidden in HEX codes and later will have to decode it to get seed phrase. It is so complicated and inconvenience.
If something is wrong with one or few HEX codes, the backup will be unusable. LIke if ff4219 becomes blurry, broken like I only can read ff4... and three last numbers are unreadable, I will have to try with so many numbers. With seed phrase, I can simply enter it in a wallet and it will suggest some words for me.
It's just an another way you convert your private key into something that Average Joe wouldn't know if it's contain your private key. Safe or not, quite similar like how you hide and store your private key in a safe place. I think you're must write down the HEX code if you want to store it offline because if you print out the colors, there's a chance the color you printed isn't same due to int quality, paper quality, etc, using color picker will give your different HEX code.
See, both of the colors are same if we see with our eyes, but the HEX code are different.
█
HEX code: #ff4017
█
HEX code: #ff4219
See, both of the colors are same if we see with our eyes, but the HEX code are different.
█
HEX code: #ff4017
█
HEX code: #ff4219
Do whatever you think is comfortable, safe and easy, there are many ways you can do to store private keys before Entero Positivo developed a method of storing private keys using Bip39colors. I'm still thinking about doing this new method, because so far I've been very comfortable with the old method of storing seed phrase. The old, more traditional methods can sometimes be relied upon rather than the new methods which are still complicated, you also need to prioritize saving seed phrases so that the people closest to you can access your wallet when you are in an emergency.
At least this one is more innovative than others that suggested storing private key by composing songs and children poems.
I have tried the tool with a randomly generated secret phrases, and I got my secret phrases in hex color code and was able to revert it as well, But you have to realise that secret phrase storage is not something that we shoud take lightly, just because a method seems fun does not mean we should use it. Anything that has the possibilty of compromising the security of your coins should never be put to use. Afterall the tool is still very new, Uploaded two weeks ago, no one has been to use and analyse it properly to see if there are any cons in using it.
If anyone is looking for a fun and secure way to store their private key/secret phrases then, they should try that of fillippone: Securing Your Seed Phrase with Washers.
I have tried the tool with a randomly generated secret phrases, and I got my secret phrases in hex color code and was able to revert it as well, But you have to realise that secret phrase storage is not something that we shoud take lightly, just because a method seems fun does not mean we should use it. Anything that has the possibilty of compromising the security of your coins should never be put to use. Afterall the tool is still very new, Uploaded two weeks ago, no one has been to use and analyse it properly to see if there are any cons in using it.
If anyone is looking for a fun and secure way to store their private key/secret phrases then, they should try that of fillippone: Securing Your Seed Phrase with Washers.
I recently came across an interesting new tool developed by Bitcoin developer Entero Positivo on GitHub This tool claims to offer a different way of storing Bitcoin seed phrases using Bip39colors. According to the developer,
you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
I want something simple to store my wallet private keys, mnemonic seeds. If you complicate the backup method, what will happen if at the end, you can not use the backup for wallet recovery?Quote
you can convert a 12-word phrase into 8 colors (or a 24-word phrase into 16 colors) and then convert them back to the original seed
you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
It is not only about you but for your loved ones if they need to recover your wallet if you suddenly pass away. It will be nightmare if you pass away and your wife, kids can not recover your wallet. If they need to find helps from other people, they will have more risk to lose your bitcoins. It is hard to trust anyone to recover a wallet from backup. If they have your keys, they can steal your coins and your wife or kids don't have anything to prevent it.
However, I personally have reservations about this idea of storing seed phrases as colors. It raises concerns about the safety of the conversion process and the risk involved in using an online tool to handle sensitive information like seed phrases. Instead, I believe it's safer to stick to the traditional method of storing seed phrases.
I would like to hear your thoughts on this matter. Do you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
you can do that If you feel it's safe. but for me, I don't want to do it if it's not up to standard. The mnemonic seed and the private key is very sensitive case and word. You can be lost your Bitcoin if just put a little bit wrong word. In this case, if you use color, may can't be read correctly if the media like your phone storing that mnemonic is old or have the newest version. or maybe have the biased colors I would like to hear your thoughts on this matter. Do you trust this new approach, or do you prefer the old method of storing seed phrases? Let's share our opinions on this
Do whatever you want with your private keys, just do not store it in a notepad file on a system connected to Internet or in your emails or in any place which is connected to Internet.
Make sure your private key stays offline. Register it down or write it down and store it in a locker. Also, do not ever store your private keys in a phone app which says it will keep it protected.
Anything that is connected to internet can surely giveaway your private key. Making an encryption like this and storing it doesn't save it either. Someone will crack it down.
Make sure your private key stays offline. Register it down or write it down and store it in a locker. Also, do not ever store your private keys in a phone app which says it will keep it protected.
Anything that is connected to internet can surely giveaway your private key. Making an encryption like this and storing it doesn't save it either. Someone will crack it down.
agree, do whatever you want, do not forget how to recover, keep it offline.
Jump to: