Topic: Where have you saved your bitcoin keys? (satoshi saved it in cd rom! allegedly) - page 2. (Read 564 times)

What I thought about this at the start is Mr. Robot. It is how he saves his hacks or something. Does anybody relate? Lol.

I think the alleged part wouldn't be reliable enough to know if it's saved like that or something, but it's a great way to do it as long as you know where you are putting it. Some practical ways are also paper wallets. Just make sure you have a way to recover it or something.

I'm thinking of innovative ways to save seed phrases now. Hmm.

a. satoshi never said anything about saving his keys to a cd-rom

B. the faker thatt wrote on some nutty conspiracy site is just a faker on a conspiracy site, heck its not even the same tone, grammar or communication style of satoshi
heck some idiot saying "heres a fresh new public address, and later i will sign this fresh new address to prove its me".. = no proof of satoshi.


c. cd's can get scratched, prone to heat intolerance and easy to snap/break.. no one is silly to store valuable data on 'cd-rom'

d. most people that liked CD storage used CDWR. they dont waste a whole disk per private key. and satoshi had THOUSANDS of keys for every block he mined

..
my interpretation of satoshi's events is that in the early days bitcoin had no value and 'losing' coins out of circulation meant the remaining coins would gain value so he had no desire to store private keys long term. also with all the bug fixing and updates he probably over-write alot of wallet.dat files

I don't think anyone here is claiming that all CDs will stop working after ten years. But the truth is that recordings on CD media can lose data due to various external forces or a poor media quality. They are not all good for long-term data storage.

https://en.wikipedia.org/wiki/Compact_disc#Recordable_CD

There are way too many easy steps to make sure that you are doing fine. Like for example we do not have disks in most places right now, we don't use them anymore do we? Which means that if you end up getting something that could read a disk, and still connect via USB port for example, then you are going to end up with making a good security layer even though it is not really impossible to figure out.

I am not saying that it is impossible, all I am saying is that it is definitely a layer of security. This is what hackers and whitehats think about when they are securing something, layers upon layers upon layers. Could be simple, but if you have 10 simple layers, then all of them combined makes it hard.

I want to believe you're quite aware of the situation where you does not have access to the keys totally means a denied access to you coins as well, i want to believe in this you're referring to having an hardware wallet or a cold storage whereby the keys are in your possessions, they are actually non custodial and i will drop you with this for more safety: additional protection for your seed and private keys and also, you can go through this
secured air grip storage method they are recommended means to best save your key.

Here is the power of CD. See the second file..
Forgot to save the wallet.dat file
Had first found about btc back in may 2011, downloaded bitcoin core 0.4.0 back on sep 30 2011 and got free btc via bitcoin faucet. Saved the exe file on disc but did not save the wallet.dat file. Mined some in 2012 with geforce 525m and then forgot about it.HDD crashed and threw it away. At that time the blockchain size was 600mb.
The disc still works!

I'm not sure, but CDs and disks are not reliable because they occasionally stop working or reading at all, and the disk is very prone to disc scratches whether you store it or not because simply putting it to read will cause it to have scratches. Now I'm sure it'll be put on a disc in txt format, which is also unreliable and easily corrupted. Why not stick to writing it on paper or putting it in metal or wood and storing it because it is not easily erased. You just need to store it in the most secure location so that no one or only your trusted could see it.

From a disc, you mean compact disk? Cmon now a days no one uses a compact disk.
But yes i know everyone has their own choices.
I have stored my keys by writing it down in a piece of paper, actually i made 3 copies and kept it separately for emergencies.
Alternatively i have another wallet which has low amount of coins, and it’s private keys i have kept in Gmail account.(it’s not safe and not recommended).
So i can advise the OP at last that, do write the keys in a paper and keep it close to yourself, days are growing and soon cds will extinct. So watch your keys before it gets lost.

CD has proven to be a terribly unreliable way to store information. Despite the declared service life of more than 50 years, most of those who caught the time of CD popularity still have them in the closet like useless trash. It is almost impossible to read information from them.

To store bitcon keys, it is better to use metall disk (with seed-text engraved on it) instead of compact disk. At least in this way the data will not disappear after a couple of years.

Does anyone else use CD or DVD? This is already old junk, without any advantages.

I definitely have a hot wallet where my keys (or rather, my seed phrase) are stored digitally and in a way easy for me to access on the go. It's still horribly inconvenient, not to mention the wallet app itself is pretty bad but as far as phone apps go I make the security sacrifice for convenience (as we all do). Worst case scenario, hot wallet lost is not a lot of money.

I've considered a secondary semi-hot wallet (I'm making things up) where I'll only memorise the seed phrase to restore when needed. Terrible idea unless you find a way to help you remember if you forget.

Storing your bitcoin in a hot wallet on your computer is a valid use case in some circumstances, though. I have a wallet on my computer which stores a small amount of bitcoin which I need to be stored in a hot wallet for things like coinjoining and Lightning, which cannot be stored in a cold wallet while being actively used for these purposes. There are obvious caveats, in that your wallet should be encrypted, ideally the whole disk should be encrypted, the computer should be running a clean and open source OS, you shouldn't use it for installing a bunch of other programs or downloading junk, you should only store a small amount of coins at any one time, etc., but there are still plenty of reasons to have your coins in a hot wallet.

On the other hand, there is no good reason to back up your keys to your email account, ever.

Hope you have gone through the 14 pages! I believe him

Where did Satoshi claimed that he saved the private keys in a CD rom, this is the first time i am hearing this claim. Majority of the early coiners were thinking that he left for good and may be he lost his keys so that he wont be able to access the millions of coins he is holding so that he wont be able to move the coins and give a panic heart attack to the rest of the investors  .

Edit: so it is another conspiracy wanna be claim 

Yeah, that method sounds even less secure than mine (which I agree is completely insecure, by the way) of storing it unencrypted on my computer.

@Odusko, I assume you have heard of cases of leaked emails in the past. How do you think hackers get access to those messages? Suffice it to say that they are seldom the result of actual hacking. You might be surprised to learn that most server adminis have full access to all private mailboxes on most systems.

It sounds extremely vulnerable.

2FA or "second layer security", as you put it, only offers additional protection to someone trying to hack your email username and password directly. And even then it's not infallible, and depends very much on how you have set up the 2FA. Anything less than a hardware key can be broken. SMS or email 2FA is completely insecure and adds next to nothing. A 2FA app on the same device you use to log in to said email is also very insecure.

But more importantly, you have to consider all the other ways someone could access this data stored in your email drafts. Your keys are now duplicated across an unknown number of servers across an unknown number of countries. These servers can be accessed by an unknown number of people, both physically and electronically. These servers have unknown security, both physically and electronically. You have no idea how securely your email provider is storing or transferring your data. Your email provider almost certainly shares your data with an unknown number of third parties. Your email provider may store your password insecurely, or have 2FA set up insecurely so it can be bypassed. There may be malicious employees. There may be bugs in their software. Their servers may be hacked. There are so many ways that your keys could be stolen in this set up I can't even count them all.

Keep in mind that anything stored online, in emails, in cloud storage, etc., is simply being stored on someone else's computer. Would you message a random person on this forum with all your private keys? No? Then you shouldn't be storing them online.

As vulnerable as it may sound I save all my private keys on my email draft I know it sounds weird and stupid but I prefer it that way since my email is highly protected with second layer security. But am thinking lately to get them written on a paper not that sound riskier to me as anyone with access to the paper can easily access the wallets.

The question has been discussed before, and I don't think this thread is for this board. That is not withstanding, different answers will still appear. There are divers ways one can store or keep his or her phrase seed or wallet key. You can store your key in the way that is safe for you. There have been different suggestions that have been made by different users in the forum. You can store your phrase seed in a flash drive, memory card, CD plate, your brain or tell your spouse, children or very close relative. Any way that is suitable  for you. Do it. But all of them have Merit and demerit. That is advantages and disadvantages.

If I will suggest for you, I will suggest papper wallet storing. Write out the phrase seed in a paper mostly in a jotter, and keep the jotter in your walldrop or you can catalogue the jotter.

I agree and even when this is highly advisable amongst other means we will also consider why most will use or write down on paper preferable in multiple places because of the amount of Bitcoin those investors HODL. I believe this is one of the determinants of how most people save their Bitcoin keys, how much they hodl will influence how far or what they are willing to spend in storing their keys, either way, just keep it safe.

Well, that is why you should laminate the paper wallets and you should store them in a dark place...away from direct sunlight. Not all people have access to the technology to engrave a Private key on Stainless Steel. 

It is simple to print several copies of your Private key or Seed phases onto a piece of paper and then to get it laminated. I have books that are over 100 years and it is still in a very good condition and it is not even laminated. The secret is simply in how you are storing it.... 

Whoever that is on the conspiracy forum, it's surely not satoshi. Satoshi didn't write nonsense like that. He is/was most probably a native English speaker. That post was written by someone who isn't. CDs are unreliable storage mediums, and they are digital. I have music CDs who have stopped working for no reason at all.

No digital or online copies of your seed and private keys are recommended. All physical ways to do backups work. Some are better than others. A piece of paper is OK. A laminated piece of paper is better. Engraving your words on stainless steal is even better. Engraving and hiding your steal backups in places people would never look is a whole new level. You could also secure your seed with washers.