Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1186. (Read 4670643 times)

There is now a monero tipbot in #monero, tippero, kindly hosted by fluffypony.

It is coded from scratch, but works in the same way as typical IRC tipbots. See !help and !commands for more info, how to use it, etc.

If you spot any bug, feel free to ping me.

Due to the nature of the key you can write it as part of something else - eg. write a fake love letter to your wife so that the 24 words on the left hand side are your key or whatever. Then write a bunch of extra love letters. That way, if your deposit box is ever discovered, it'll be disregarded as unimportant love letters.

Due to the nature of the key you can write it as part of something else - eg. write a fake love letter to your wife so that the 24 words on the left hand side are your key or whatever. Then write a bunch of extra love letters. That way, if your deposit box is ever discovered, it'll be disregarded as unimportant love letters.

Due to the nature of the key you can write it as part of something else - eg. write a fake love letter to your wife so that the 24 words on the left hand side are your key or whatever. Then write a bunch of extra love letters. That way, if your deposit box is ever discovered, it'll be disregarded as unimportant love letters.

It is pretty much the same on all OS.

Mac/Linux: simplewallet --generate-new-wallet wallet-name

Windows: simplewallet.exe --generate-new-wallet wallet-name

(When asked for a password, give a really long random one -- don't worry about remembering it.)

Write down the address and seed words. Double check that you got them right.

Delete the wallet files.

You can do this with an offline computer, and you don't need to be running the daemon (in fact you don't even need the daemon binary installed).

My suggestion is as follows:

1. Take any machine you have lying around, even your normal workstation. You may find it easier to use an older computer that has no wifi or bluetooth if you're particularly paranoid.
2. Create a Linux or Windows bootable disk, and make sure you have the Monero binaries on the same disk or on a second disk (for Linux make sure you have also downloaded copies of the dependencies you will need, libboost1.55 and miniupnpc for instance).
3. Disconnect the network and/or Internet cables from your machine, physically remove the wifi card or switch the wifi/bluetooth off on a laptop if possible.
4. Boot into your bootable OS, install the dependencies if necessary.
5. Copy the Monero binaries to to a RAM disk (/dev/shm in Linux, Windows bootable ISOs normally have a Z: drive or something)
6. Don't run the Monero daemon. Instead, using the command line, use simplewallet to create a new wallet.
7. When prompted for a name, give it any name, it doesn't really matter.
8. When prompted for a password, type in like 50 - 100 random characters. Don't worry that you don't know the password, just make it LONG.
9. Write down (on paper) your 24 word mnemonic seed.
10. Write down (on your phone, on paper, on another computer, wherever you want) your address and view key.
11. Switch off the computer, remove the battery if there is one, and leave it physically off for a few hours.

There you go - the wallet you've created was created in RAM, and the digital files are now lost forever. If some magical hacker manages to somehow get the data, they will lack the long password to open it. If you need to receive payments, you have the address, and you have the view key if needed. If you need access to it, you have your 24 word seed, and you can now write out several copies of it so that you have an offsite copy (eg. a bank deposit box). Due to the nature of the key you can write it as part of something else - eg. write a fake love letter to your wife so that the 24 words on the left hand side are your key or whatever. Then write a bunch of extra love letters. That way, if your deposit box is ever discovered, it'll be disregarded as unimportant love letters.

Can someone create a to a step by step guide to creating a cold storage wallet for Monero?

I think it would be helpful for new investors who are uncomfortable keeping XMR on an exchange.

Perhaps separate guides for Windows and Linux with screenshots would be best

Hey everyone,

What security measures do you recommend for your cold storage keys. I was thinking more about measures to prevent hacking/theft of the keys. Should i be paranoid to the point of creating the wallet in an air gap and never look into it until I need it? (Lets not go into the "Ruiu says badBIOS leaps air gaps" territory).

Regarding backup I'm doing the _strongly encrypt your files and stored them in offline and online sources and don't forget the deterministic seed_ routine. If anyone as further thoughts on backup that would be appreciated also.


Remember, rockets are old school. We are going to the moon in a space elevator. Keep calm and get some moar.

Peace!

right, but from what I gather, the monero -> fiat requires uber legal work. So right now there's one point of failure - not being able to buy things with monero. Until this effort is taken up with the proper resources, I think piggybacking would be useful / popular in the interim.

I mean, once shapeshift gets monero integrated, we really don't have to make anything - people wanting to use monero to pay for something at a website that uses bitpay would just go to shapeshift and put in the proper addresses.

the point of making the piggyback application would just be to make it easier to use for everyone involved.