Alright, has HCP lost the debate?
No, I just got tired of trying to explain things that you didn't seem to be comprehending.
You keep inventing more and more convoluted scenarios to try and do "end-runs" around logic and reason... like how a supposed attacker has full access to my entire Bitcoin transaction history and knowledge of every single one of my addresses... so they'd be able to determine whether or not passphrases being provided are "real". Which, of course, is defeated simply by running any cold-storage funding transactions through a mixer etc. and using my "decoy" wallet for day to day transactions.
In the same scenario using your system... exactly the same thing would happen... except, if they've found a bunch of encrypted files and ask for the password, you have no defense. They can see the files, they know they exist, they know there are passwords that decrypt them and will know instantly whether the password you give is correct. With a hardware wallet using a passphrase, there is NO evidence that the wallet exists... because it doesn't until you enter the passphrase.
And this is what you don't seem to want to admit... there is NO 100% secure method of securing your stuff. I admit that hardware wallets are not perfect... there are still attack vectors... just like with your system... but a hardware wallet helps minimise these and provides, in my opinion, a number of benefits that your system doesn't.
You even claimed at one point that your method is "unhackable"
Hard to hack? My approach is not even hackable.
Then conceded that nothing is safe:
Well, on 2nd thought, I guess nothing is safe. Or else there would be no Matthew 6:19-21.
And then denied that you conceded that point...
I just don't think it is as secure as you believe it to be (a point you eventually conceded)
I never conceded. You are talking nonsense. My method is better than both hardware and paper wallets combined for cold storage.You then descended into just calling every one of my points "Bullshit"... calling me an idiot, dumb nut, silly and a low life and accused me of just being a trouble maker
That's not even the point, you silly.
Your argument is bullshit.
You are clearly a troublemaker.
You will be a scum that will appear out of nowhere and say "No, a ball is circular."
That's not even the point, you silly.
You are clearly a very very stupid person.
You are a bullshit.
For that, I say you are a bullshit.
Bullshit.
...you dumb nut.
Bullshit.
For this, I say you are a bullshit.
I don't mind if you are a smart person. In fact, I would be very happy if you are smarter than I am. At least I can learn from you.
But if you are a stupid jackass pretending to be some smart ass, then I don't wish to be troubled by a lowlife such as you.
Personal attacks aside, that's not how you "win" a debate...
Then you started down the whole "hardware wallets are more inconvenient because you have to remember a passphrase AND a PIN" path... I guess I should have just pointed out at the time that with your setup you potentially need to remember a whole bunch of extra stuff as well, like your email account+password where you stored your backup... or your online storage account+password where you stored your backup... or where you put that CD with the backup data on it... because that is just as "difficult" and "inconvenient" as remembering a 4-8 digit PIN
And now you also seem to think that for some reason hardware wallet users are forever tied to hardware wallets:
With a hardware wallet, the owner will have to keep buying a new one if the previous one is lost. HCP argued that's not the case, but of course if the owner wishes to continue using BTC for cold storage plus spending, he has no choice but to spend for a new hardware wallet.
Which is just plain wrong...
If I lose my hardware wallet... I can simply take my seed backup and generate a paper wallet or import it into a software wallet or import it into a web wallet should the need arise... or simply do nothing and continue using those addresses as cold storage knowing that I still have access to all my coins should I so require in the future.
TL;DR:
I prefer hardware wallets as they offer all the benefits of cold storage and provide added security for hot wallet/day to day spending in a handy, convenient, portable package that still provides me complete control of my private keys, at a relatively reasonable price for anyone with modest/substantial amounts invested in cryptocurrency.
Dorky prefers his digital version of paper wallets as he believes it provides the benefits of cold storage with the best security at near to zero cost, without some of the issues associated with paper wallets (like susceptibility to loss/damage/theft) while still maintaining control of private keys.
Neither method is 100% secure.