Topic: Where do you store most of your coins for long term storage? (Read 6064 times)
Enlightening thread, thanks
Where's the option for an offline Armory wallet on a disconnected laptop?
That would be a combination of any of the following:
In my personal wallet on my computer (with offline Armory)
On a usb drive in a safety deposit box (the transaction)
On a usb drive stored safely in my house (the transaction)
On a usb drive stored somewhere else (the transaction)
But the poll makes it hard to decide which one, ... I think the equivalent would be where your offline Armory wallet is located. Some people have those in a safety deposit box or somewhere else. (in the office or another building.)
Where's the option for an offline Armory wallet on a disconnected laptop?
Use it to back up the blockchain then 
The blockchain is already backed up. Everyone with a full node client has the whole thing. That's like a torrent with 10,000 seeders and 100,000 leechers. Just keep one copy for your local use, and if you lose it, just download the whole thing. No need to make multiple copies of the blockchain.
Multiple copies of the wallet is recommended though. Or at least the private keys printed on paper.
Found another solution:
http://www.mdisc.com/
http://en.wikipedia.org/wiki/Millenniata
DVD that has a stone layer. Last 1000 years. You need a special DVD drive to write them, but they can be read by any normal DVD drive.
EDIT: Link to $17 LG burner with m-disk support
http://www.newegg.com/Product/Product.aspx?Item=N82E16827136259
Data engraved in stonehttp://www.mdisc.com/
http://en.wikipedia.org/wiki/Millenniata
DVD that has a stone layer. Last 1000 years. You need a special DVD drive to write them, but they can be read by any normal DVD drive.
EDIT: Link to $17 LG burner with m-disk support
http://www.newegg.com/Product/Product.aspx?Item=N82E16827136259
Although the amount of data we need to back up for Bitcoins is so small that you could chisel it in stone manually.
make take quite a bit tho
Use it to back up the blockchain then
that would be a neat idea. every X blocks back up the newest part ofthe blockchain to a disk 
Use it to back up the blockchain then
Found another solution:
http://www.mdisc.com/
http://en.wikipedia.org/wiki/Millenniata
DVD that has a stone layer. Last 1000 years. You need a special DVD drive to write them, but they can be read by any normal DVD drive.
EDIT: Link to $17 LG burner with m-disk support
http://www.newegg.com/Product/Product.aspx?Item=N82E16827136259
Data engraved in stonehttp://www.mdisc.com/
http://en.wikipedia.org/wiki/Millenniata
DVD that has a stone layer. Last 1000 years. You need a special DVD drive to write them, but they can be read by any normal DVD drive.
EDIT: Link to $17 LG burner with m-disk support
http://www.newegg.com/Product/Product.aspx?Item=N82E16827136259
Although the amount of data we need to back up for Bitcoins is so small that you could chisel it in stone manually.
Found another solution:
http://www.mdisc.com/
http://en.wikipedia.org/wiki/Millenniata
DVD that has a stone layer. Last 1000 years. You need a special DVD drive to write them, but they can be read by any normal DVD drive.
EDIT: Link to $17 LG burner with m-disk support
http://www.newegg.com/Product/Product.aspx?Item=N82E16827136259
http://www.mdisc.com/
http://en.wikipedia.org/wiki/Millenniata
DVD that has a stone layer. Last 1000 years. You need a special DVD drive to write them, but they can be read by any normal DVD drive.
EDIT: Link to $17 LG burner with m-disk support
http://www.newegg.com/Product/Product.aspx?Item=N82E16827136259
First off it is encrypted, which is obvious.
I then have it stored on five usbs, 2 mini SD cards and on 10 Hard Drives spanning multiple rigs.
Also the Bitcoin appdata folder is mapped across and not directly on the hard drive of the client.
I then have it stored on five usbs, 2 mini SD cards and on 10 Hard Drives spanning multiple rigs.
Also the Bitcoin appdata folder is mapped across and not directly on the hard drive of the client.
This really depends on who you are blocking. Hackers? Paper. Government? Multiple encrypted copies.
What's your solution smart ass
As I said before doing the smartest thing would be using passgurdian on a private key or multiple private keys. Then distributing them to multiple people. So for example you can set it so that you have 10 keys and 6 are needed to decrypt the whole thing. so you could give out 8 of them or even just 5 of them. then keep 2 hidden somewhere and then put one or 2 on your will or something. and then one on a deadmans switch.
Oh come on, can you imagine Mr. Average Joe Dumbass doing that? Everyone wants a large corporation to accept Bitcoin so what they're holding is worth more. The problem is that large corporations deal with Joe and he needs protections to even be able to use his credit card and not get screwed constantly. US federal law limits the liability of credit card holders to $50 because Joe is so stupid he needs to be protected from himself. Joe could never (or is too lazy) do what your asking and will get raped constantly because of it. Honestly, a paper wallet printed automatically by some future client version may be too complicated for poor Joe.
What's your solution smart ass
As I said before doing the smartest thing would be using passgurdian on a private key or multiple private keys. Then distributing them to multiple people. So for example you can set it so that you have 10 keys and 6 are needed to decrypt the whole thing. so you could give out 8 of them or even just 5 of them. then keep 2 hidden somewhere and then put one or 2 on your will or something. and then one on a deadmans switch.
What's your solution smart ass
with this results: looks like hackers and scammers will have a great future...
I would hide a hundred usb copies around the city.
I do not consider magnetic media to be resistant enough to bit-rot.
Paper and ink has demonstrated that it can last for a very long time, if protected from fire and water. But that is a big if.
Chiseled in stone appears to be the best long-term storage media.
And even simple format changes can help obfuscate.
Not this:
1Jktvue4dJMhfeX6v6rydJdrcSbGuHXbr5
But this:
1Jk
tvue
4dJM
hfeX6v6
ryd
JdrcSbG
uHXb
r5
Paper and ink has demonstrated that it can last for a very long time, if protected from fire and water. But that is a big if.
Chiseled in stone appears to be the best long-term storage media.
And even simple format changes can help obfuscate.
Not this:
1Jktvue4dJMhfeX6v6rydJdrcSbGuHXbr5
But this:
1Jk
tvue
4dJM
hfeX6v6
ryd
JdrcSbG
uHXb
r5
Most answers have revolved around hidden files, USB keys, scraps of paper, passwords etc. But what happens when you die?
Let's assume that you have some significant wealth in BTC, and that you would like your spouse or children to inherit it. How do you create a wallet that is both secure against theft but can still actually be spent by authorised individuals after your death?
My current thinking is a brain wallet saved on a USB key, deposited with an attorney. Give the password to next of kin, make sure they remember it but don't explain what it's for.
Let's assume that you have some significant wealth in BTC, and that you would like your spouse or children to inherit it. How do you create a wallet that is both secure against theft but can still actually be spent by authorised individuals after your death?
My current thinking is a brain wallet saved on a USB key, deposited with an attorney. Give the password to next of kin, make sure they remember it but don't explain what it's for.
You can create a bicoin transaction that will only be spent some time in the future. So what you do is:
1) Create a transaction that will send all your coins to a spouse or children two years from now.
2) Two years later, before the time runs out, move all the coins to another address, and if needed, create yet another delayed transaction.
3) Since the coins no longer exist in the address used by the original delayed transaction, that transaction will fail and be rejected by the system.
Rinse/Repeat.
This is a really nice elegant solution! I like it a lot. But it sounds quite error-prone to manually create these transactions, so now I'm thinking about writing a utility that can handle it for me...
Naturally it requires one's next-of-kin to actually have a Bitcoin address already and know how to use it.
Good luck after the server recompiles the file
What about using steganography tool to hide your private keys inside an image and then post it on Facebook ? 
Currently on my main computer but if I ever got enough to worry about I'd store them both on a laptop and maybe a USB as well, I think USBs are too easy to lose though.
Then you should assume you got 0, future transaction or not.
But not if you're meeting in a public place without access.
It's not a secret, they can see the future transaction. And anyone taking a private key better sweep it instantly.
But not if you're meeting in a public place without access.
I can't wait for wide spread adoption. They'll be so many virgin sheep to fleece. lol
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