spazzdla (OP)
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May 27, 2015, 01:16:46 PM |
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Would you trust that encryption to protect your coins? Basically if you had 1000 BTC on the paper wallet and a +20 char passphrase should one be confident that crackin your actual private key is not possible?
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poncho32
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May 27, 2015, 01:32:07 PM |
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Would you trust that encryption to protect your coins? Basically if you had 1000 BTC on the paper wallet and a +20 char passphrase should one be confident that crackin your actual private key is not possible?
I'm slow to change. If it stands the test of time and gets adopted by a large user bae then I might consider using it. Until then I'll wait to find out how well it works for other people.
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findftp
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May 27, 2015, 01:35:42 PM |
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Would you trust that encryption to protect your coins?
Only if you can review the code yourself or someone else you trust. But this is also true for bitcoin core. There is no absolute trust. Basically if you had 1000 BTC on the paper wallet and a +20 char passphrase should one be confident that crackin your actual private key is not possible?
I would not passphrase the paper wallet. It makes it more vulnerable for errors. Saw someone talking about passwords not working anymore for some wallets (think it was safari browser related)
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Slark
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May 27, 2015, 01:41:41 PM |
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Would you trust that encryption to protect your coins? Basically if you had 1000 BTC on the paper wallet and a +20 char passphrase should one be confident that crackin your actual private key is not possible?
To be honest. No. They announce this as open source project and it looks cool, when you can mouse over to add some randomness to your newly generated address but I wouldn't use it. I've seen many good ideas turned into scam or being used in a wrong way. I don't need another wallet.
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SpanishSoldier
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May 27, 2015, 01:41:49 PM |
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Would you trust that encryption to protect your coins? Basically if you had 1000 BTC on the paper wallet and a +20 char passphrase should one be confident that crackin your actual private key is not possible?
1000 BTC !!! That is an enormous amount you have made. Bitaddress code downloaded from Github and used to create private key offline is good. But, I'd prefer multisig to keep this type of enormous amount, if I can ever make. This is because you never know how random is your random seed.
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Moebius327
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May 27, 2015, 01:44:56 PM |
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I would prefer bitcoin core-->safe paper wallet instead. Why risk it if we are talking about 1000BTC here? For smaller amounts and day to day wallet I would recommend trezor.
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LFC_Bitcoin
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May 27, 2015, 06:59:08 PM |
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Bitaddress.org is really secure imo. As long as you disconnect from the internet when you create your randomness & then generate the wallet is should be fine. Use a cheap, shitty printer that doesn't have internet capabilities. I'd split up your stash into smaller amounts on different paper wallets too. Use BIP38 encryption too. Write your passwords on the paper wallet too, laminate it & hide it somewhere safe. Maybe print 2 copies.
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spazzdla (OP)
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May 27, 2015, 07:10:37 PM |
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Bitaddress.org is really secure imo. As long as you disconnect from the internet when you create your randomness & then generate the wallet is should be fine. Use a cheap, shitty printer that doesn't have internet capabilities. I'd split up your stash into smaller amounts on different paper wallets too. Use BIP38 encryption too. Write your passwords on the paper wallet too, laminate it & hide it somewhere safe. Maybe print 2 copies.
I did something like this. Copied the site to a CD, ran it on a harddrive that has never / will never touch the internet. Created a few wallets, encrypted with BIP38. Passwords have been written down. I printed the wallets to a PDF file and burnt it to CDs .. lots of them.. Then copied the wallet from the CD to my actual computer, copied the PDF to many USB's.. I also put the PDF on my work network LOL. Wondering if there is an issue putting the PDF onto my e-mail. It is encrypted soooo.. am I good to do that.
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LFC_Bitcoin
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May 27, 2015, 07:23:21 PM |
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Bitaddress.org is really secure imo. As long as you disconnect from the internet when you create your randomness & then generate the wallet is should be fine. Use a cheap, shitty printer that doesn't have internet capabilities. I'd split up your stash into smaller amounts on different paper wallets too. Use BIP38 encryption too. Write your passwords on the paper wallet too, laminate it & hide it somewhere safe. Maybe print 2 copies.
I did something like this. Copied the site to a CD, ran it on a harddrive that has never / will never touch the internet. Created a few wallets, encrypted with BIP38. Passwords have been written down. I printed the wallets to a PDF file and burnt it to CDs .. lots of them.. Then copied the wallet from the CD to my actual computer, copied the PDF to many USB's.. I also put the PDF on my work network LOL. Wondering if there is an issue putting the PDF onto my e-mail. It is encrypted soooo.. am I good to do that. It's encrypted so you should be absolutely fine. One thing though & it's probably a tiny chance of getting compromised but don't use the same email as you used to sign upto this forum. It's encrypted so I'm 99.999999999% sure it'd be fine but just for peace of mind don't use the email you use here to store the PDF, too many elite scammers/hackers here.
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spazzdla (OP)
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May 27, 2015, 07:33:57 PM |
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Bitaddress.org is really secure imo. As long as you disconnect from the internet when you create your randomness & then generate the wallet is should be fine. Use a cheap, shitty printer that doesn't have internet capabilities. I'd split up your stash into smaller amounts on different paper wallets too. Use BIP38 encryption too. Write your passwords on the paper wallet too, laminate it & hide it somewhere safe. Maybe print 2 copies.
I did something like this. Copied the site to a CD, ran it on a harddrive that has never / will never touch the internet. Created a few wallets, encrypted with BIP38. Passwords have been written down. I printed the wallets to a PDF file and burnt it to CDs .. lots of them.. Then copied the wallet from the CD to my actual computer, copied the PDF to many USB's.. I also put the PDF on my work network LOL. Wondering if there is an issue putting the PDF onto my e-mail. It is encrypted soooo.. am I good to do that. It's encrypted so you should be absolutely fine. One thing though & it's probably a tiny chance of getting compromised but don't use the same email as you used to sign upto this forum. It's encrypted so I'm 99.999999999% sure it'd be fine but just for peace of mind don't use the email you use here to store the PDF, too many elite scammers/hackers here. Sounds like a plan, I haven't moved it to an e-mail yet. I'll move it to one not tied to this one in any way.
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Welsh
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May 27, 2015, 08:41:28 PM |
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Using Bitaddress.org to generate a paper wallet, does have some risks and issues. For example, one of the minor issues is the private keys that begin with 5 are uncompressed private keys. These are an older type of private key. Meaning with these the transactions they make are bigger, as a result you'll likely need to pay slightly higher transaction fees. Although, it's not a huge inconvenience.
Gmaxwell and a few other members have urged users not to use ANY browser based private key generator as you expose yourself to many different kind of attacks. I would have to agree.
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moriartybitcoin
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May 27, 2015, 08:47:54 PM |
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I wouldn't trust it .. use bitcoin core or electrum
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PolarPoint
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May 27, 2015, 09:15:01 PM |
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Copied the site to a CD, ran it on a harddrive that has never / will never touch the internet. Created a few wallets, encrypted with BIP38. Passwords have been written down.
How do you decrypt the private key when you need to import it? Use the offline copy of the site? This looks to be a safe method of generating a paper wallet. I am using electrum and the seed is 12 English words. I think it is more user friendly that way.
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Kazimir
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May 27, 2015, 09:20:18 PM |
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I would use a local copy, in an offline environment, and instead of trusting a random generator, I would create brainwallets. But not brainwallets from actual passphrases that I remember, but brainwallets from gibberish passphrases of 100+ random keystrokes and noise and even parts of intermediary addresses that are generated half way, and crap.
I'd consider the private keys generated this way (i.e. as sha256 hashes of very long, random gibberish input) to be safe.
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odolvlobo
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May 27, 2015, 09:45:29 PM |
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Would you trust that encryption to protect your coins? Basically if you had 1000 BTC on the paper wallet and a +20 char passphrase should one be confident that crackin your actual private key is not possible?
BIP-38 is very secure as long as your passphrase is strong. A passphrase with 20 random characters is fairly strong and not likely to be cracked, but a passphrase with 4 5-letter words is not.
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Join an anti-signature campaign: Click ignore on the members of signature campaigns. PGP Fingerprint: 6B6BC26599EC24EF7E29A405EAF050539D0B2925 Signing address: 13GAVJo8YaAuenj6keiEykwxWUZ7jMoSLt
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cryptworld
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May 27, 2015, 10:28:11 PM |
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Yes, I always make the paperwallets in that site, I love the designs
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bitllionaire
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May 27, 2015, 11:05:16 PM |
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I have already created bunch of paper wallets with his tool, It's nicem I will keep using it
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anderson00673
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May 27, 2015, 11:16:52 PM |
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To be honest I don't like the look of the site. There is no explanation section for newbies and the whole thing looks sort of tossed together. I like the idea a lot. However for now I am skeptical of ANY online storage method or generation thereof. I prefer to use paper wallets and maybe I will eventually break down and buy a Trezor. I might wait for the next generation of hardware wallets though. I really want something that can store altcoins and bitcoins.
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coinableS
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May 28, 2015, 01:32:58 AM |
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Bitaddress.org is really secure imo. As long as you disconnect from the internet when you create your randomness & then generate the wallet is should be fine. Use a cheap, shitty printer that doesn't have internet capabilities. I'd split up your stash into smaller amounts on different paper wallets too. Use BIP38 encryption too. Write your passwords on the paper wallet too, laminate it & hide it somewhere safe. Maybe print 2 copies.
Agreed, running it offline seems secure. I stored a decent amount on a paper wallet from bitaddress.org for a year before moving the coins to another address. The only possible issue was RNG, and that was solved when they added the cursor movement for entropy, even a tiny 600x400 screen would have plenty of entropy to be random enough to avoid any collisions.
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coinableS
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May 28, 2015, 01:41:51 AM |
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Using Bitaddress.org to generate a paper wallet, does have some risks and issues. For example, one of the minor issues is the private keys that begin with 5 are uncompressed private keys. These are an older type of private key. Meaning with these the transactions they make are bigger, as a result you'll likely need to pay slightly higher transaction fees. Although, it's not a huge inconvenience.
Gmaxwell and a few other members have urged users not to use ANY browser based private key generator as you expose yourself to many different kind of attacks. I would have to agree.
You don't have to use the uncompressed keys, click on over to the wallet details tab and paste in the private key. Viola, you now have different options, compressed, uncompressed, Private Key Hexadecimal Format, Private Key Base64, heck you can even make an address using dice by inserting your own Base6 key 99 digits(0-5). Create one with dice and do it offline and you'll have a very secure key. 6^99 different possible outcomes.
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