Bitcoin Forum

Other => Beginners & Help => Topic started by: bstone108 on January 08, 2014, 03:22:41 AM



Title: Cold wallet storage ideas
Post by: bstone108 on January 08, 2014, 03:22:41 AM
Getting into bitcoins for first time,  totally new concept to me.  I've been researching ways to keep my coins secure and found a lot of nice idea's.  Probably the best idea I found so far was paper wallets.  After a bit of reading on how they worked I was trying to figure out a way to keep the private key hidden.  Well, this is what I came up with.  I'm not into card games,  but the protective sleeves people often use seemed to fit the need perfectly.  I folded the paper wallet so the private key is in back,  put it in a sleeve that is black on one side transparrent on other.

This is solution I came up with for keeping my private key hidden from casual camera snapping.  Does anyone else have any alternative idea's?  I welcome them.  And while I'm not asking I won't complain if someone throws a coin at my wallet lol.  I am serious about alternative storage idea's however.

and sorry about image not loading all the way sometimes.  it appears the webserver on my nas is acting up.
http://fantasyhaven.me/images/paperwallet.jpg


Title: Re: Cold wallet storage ideas
Post by: R0yalAir on January 08, 2014, 05:18:55 AM
Yes it's quietly good to use a paper wallet however that won't avoid you to be robbed in one way or another  ;D


Title: Re: Cold wallet storage ideas
Post by: bstone108 on January 08, 2014, 05:53:06 AM
Yes it's quietly good to use a paper wallet however that won't avoid you to be robbed in one way or another  ;D


what makes you say that?


Title: Re: Cold wallet storage ideas
Post by: hilariousandco on January 08, 2014, 01:45:06 PM
Yes it's quietly good to use a paper wallet however that won't avoid you to be robbed in one way or another  ;D


what makes you say that?

Well if someone steals it. As long as it's hidden or secure you should be ok.


Title: Re: Cold wallet storage ideas
Post by: guybrushthreepwood on January 08, 2014, 01:45:44 PM
Is it password protected?


Title: Re: Cold wallet storage ideas
Post by: bstone108 on January 08, 2014, 03:42:37 PM
Is it password protected?

yes, I encrypted the private key on back for even more security.  Putting it in the sleeve was combination to protect the paper wallet from damage and to keep random folks from snapping a picture of private key for added paranoia.

I'm still open to alternative suggestions as well.  Plus good idea's posted here could help others new to bitcoin.  I still haven't made any coin yet but I'm working on it.   Gave up on faucetts as the payout is so low you'd be visiting site everyday for a month to get enough to be paid.  Haven't mined enough in slushes pool to get a withdraw yet but I'm getting close.  And when my new mining equipment gets here in a few days I should be making pretty decent....  granted slow,  but decent coin.  I'm getting there.  Hope I can get enough to send a few transactions around to test my wallets soon.

Anyway,  keep those alternative wallet storage idea's coming.  Another I just did personally last night was to create a bootable linux usb key and install electrum on it since it doesn't need to store large blockchains and is pretty fast.  Entire drive is encrypted using aes/twofish combo requiring a boot time password before it'll go beyond the bootloader. Can boot almost any computer to a secure linux os so even if machine in question is infected, you can still have a virus free environment to keep your coins, and an encrypted wallet file.   Only things left is to setup an automatic backup rutine for the wallet.  I'm thinking script gpg to copy/encrypt the wallet file, then move it into a new folder that stays in sync with my nas and chumby [hacked to run btsync] on a daily basis [or when key is shut down]

More idea's?


Title: Re: Cold wallet storage ideas
Post by: BlockChainLottery on January 08, 2014, 03:58:12 PM
I like the idea of http://brainwallet.org/ (http://brainwallet.org/).
You only have to remember a good and long pass-phrase in your head. Nothing on paper you have to keep secure, can't be lost physically, and can't be stolen without torturing. ;)


Title: Re: Cold wallet storage ideas
Post by: bstone108 on January 08, 2014, 03:59:46 PM
I like the idea of http://brainwallet.org/ (http://brainwallet.org/).
You only have to remember a good and long pass-phrase in your head. Nothing on paper you have to keep secure, can't be lost physically, and can't be stolen without torturing. ;)

Feels like that would be very vulnerable to a dictionary based attack


Title: Re: Cold wallet storage ideas
Post by: BlockChainLottery on January 08, 2014, 04:21:46 PM
I like the idea of http://brainwallet.org/ (http://brainwallet.org/).
You only have to remember a good and long pass-phrase in your head. Nothing on paper you have to keep secure, can't be lost physically, and can't be stolen without torturing. ;)

Feels like that would be very vulnerable to a dictionary based attack
Not necessarily, you can make little mistakes in spelling on purpose. You can use odd characters in a sentence. As long as you can remember it.