My article isn't mainly about using WinRar for cold storage. If you feel WinRar is insecure, or less secure, you have the freedom to go for other encryption software or write your own software.
I know this... but you seem to insist that your method is completely trustless... I'm simply pointing out, that it is not as you are trusting WinRAR or <insert encryption software here>. This directly counters what you consider to be advantages of your methods. Namely:
- maximum security (free of 3rd-party trust) - It isn't... you are trusting a 3rd party, with closed sources at this point in time.
- maximum trustless - Again, you are trusting a 3rd party.
If WinRar is not safe/secure, then tell me which software is. Or at least tell me or point out to me real-life cases of it being hacked, despite using very strong alphanumeric + symbol passwords.
That's my whole point... I (and others) have said several times now... that no method is 100% secure... but you seem to think yours is... who is not being objective again?
You talked about hardware wallet's dummy wallet, as if doing your own encryption will render you incapable of doing the same, as if doing dummy wallet is only a possibility if you rely on a 3rd-party. To me, that is very subjective and not smart at all.
And I also pointed out how having multiple copies of encrypted keys spread about the place in emails and on physical media leaves evidence behind that there is something hidden... whereas dummy wallets from seeds/passphrases do not. There is no evidence of anything existing other than the default wallet from the seed. You keep talking about being able to implementing a similar system using your method... but then just imply that I am unintelligent because I don't know how to do it... so would you care to enlighten us? I'm actually genuinely interested.
Huh Why would your total of 100 BTC be shuffled with every transaction?
Huh? I thought you know something about change addresses? If you are using hardware wallet, you should know what I mean.
I know what change addresses are used for and how they work... but I'm not sure why you think that hardware wallets only contain "a bunch of change addresses that reshuffle your .. btc with every transaction".
If I have 20x 5 BTC inputs in my hardware wallet and I spend 5 BTC like in your example... how are the rest of my 19 inputs being reshuffled?
All that hardware wallet can do for cold storage, my method can do the same. This appears to be beyond your comprehension.
You mean where I said "Is it "better" than a hardware wallet?
A viable alternative sure, but better? I'd say that is somewhat debatable and likely dependent on the use case(s) of a given person"
You seem to be failing to grasp that I am not debating whether or not your system works... I've never once claimed that your system doesn't work... What I'm pointing out is that it is NOT 100% secure as you seem to believe... and that it is NOT 100% trustless (as currently implemented) and... in my opinion it is NOT better than a hardware wallet for the reasons I have explained.
You speak as if hardware wallet cannot be hacked. That's your subjectivity.
You mean where I have repeatedly stated that NO METHOD is 100% safe?? Unlike you and your magical "100% secure" method... subjectivity much?
I would like to send you a file encrypted with my method and see if you can actually hack it to rest the case.
Why? I'm not a hacker... I never claimed to be.
You claimed that a 24 word seed is easier to brute force than your 20+ alphanumeric+symbol password... I'm simply pointing out that you are incorrect and that seeds are in fact a lot stronger than a standard password. The maths already proves the case. But maybe you can just tell me what the seed is to my wallet and rest the case?
Above it all, refer to Matthew 6:19-21. The Bible is right.
Seriously? Now you want to make this a theological debate? According to
those verses... you shouldn't even be using cold storage...