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Author Topic: What is the safest and simplest way to keep bitcoins?  (Read 7524 times)
ranlo
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September 21, 2015, 03:41:40 AM
 #41

for me the safest and simplest method to store my bitcoins is a paperwallet.yes it is the best think when securing my funds i will always keep it safe and yes I can trust myself when the point is for the security

Brain wallets are even safer. Then you aren't even worried about people stealing the paper or finding it accidentally. The only way people can get the private key is by forcing you to tell them.

I agree that brain wallets are safer, only if you know the phrase to access the wallet. If your phrase is only made up of simple words that could be easily guessed by a computer, then you're doomed and your funds are doomed, too.

Actually I'm just using blockchain for my wallet. What's the example of brain wallet ? Is it easy to use ?

They removed the address I was using (https://brainwallet.github.io/) but what you did is input your passphrase and it would spit out:

Compressed key
Uncompressed key
Private key

And then you can even use that site to send out a transaction from it, by putting in your passphrase to get the private key, then signing the message there and having it pushed to Blockchain. It was an awesome site and had a clean interface. Sucks that it's gone now, Sad.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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September 21, 2015, 03:54:36 AM
 #42

for me the safest and simplest method to store my bitcoins is a paperwallet.yes it is the best think when securing my funds i will always keep it safe and yes I can trust myself when the point is for the security

Brain wallets are even safer. Then you aren't even worried about people stealing the paper or finding it accidentally. The only way people can get the private key is by forcing you to tell them.

I agree that brain wallets are safer, only if you know the phrase to access the wallet. If your phrase is only made up of simple words that could be easily guessed by a computer, then you're doomed and your funds are doomed, too.

Actually I'm just using blockchain for my wallet. What's the example of brain wallet ? Is it easy to use ?

They removed the address I was using (https://brainwallet.github.io/) but what you did is input your passphrase and it would spit out:

Compressed key
Uncompressed key
Private key

And then you can even use that site to send out a transaction from it, by putting in your passphrase to get the private key, then signing the message there and having it pushed to Blockchain. It was an awesome site and had a clean interface. Sucks that it's gone now, Sad.

Closed permanently, I've visited it just earlier to see if it still exists. Sad And to those planning to create a brainwallet, don't use common words to create a passphrase. Humans have been proven to be not that good at randomization. Anyway, do you know any sites similar to brainwallet.github.io that can still be accessed?

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September 21, 2015, 04:15:07 AM
 #43

I am using blockchain.info as my initial wallet, but since it is an online wallet I always try not to keep small amounts on it and move the rest to my offline electrum wallet which I made a while back.

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September 21, 2015, 04:20:20 AM
 #44

for me the safest and simplest method to store my bitcoins is a paperwallet.yes it is the best think when securing my funds i will always keep it safe and yes I can trust myself when the point is for the security

Brain wallets are even safer. Then you aren't even worried about people stealing the paper or finding it accidentally. The only way people can get the private key is by forcing you to tell them.

I agree that brain wallets are safer, only if you know the phrase to access the wallet. If your phrase is only made up of simple words that could be easily guessed by a computer, then you're doomed and your funds are doomed, too.

Actually I'm just using blockchain for my wallet. What's the example of brain wallet ? Is it easy to use ?

They removed the address I was using (https://brainwallet.github.io/) but what you did is input your passphrase and it would spit out:

Compressed key
Uncompressed key
Private key

And then you can even use that site to send out a transaction from it, by putting in your passphrase to get the private key, then signing the message there and having it pushed to Blockchain. It was an awesome site and had a clean interface. Sucks that it's gone now, Sad.

Closed permanently, I've visited it just earlier to see if it still exists. Sad And to those planning to create a brainwallet, don't use common words to create a passphrase. Humans have been proven to be not that good at randomization. Anyway, do you know any sites similar to brainwallet.github.io that can still be accessed?

I don't, and yeah, I used that site a few weeks ago. Surprised it's closed. It was sleek, powerful, and full-featured. It sucks that I don't know of anything even remotely comparable.

Note, though, that passphrases are easier to keep than most people realize. For example:

I ran the other way
I ran the other way!
I ran the other way?
I ran the other waY
I Ran the other way

All the above are different. Just by changing capitalization or adding a special character, you add a whole new level of security. The best idea is to pick 10 words that aren't necessarily related and use that. I.e., "dog couch door tomato rain pills bucket blanket wonderful whatever" -- add specific capitalization to make it even harder.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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September 21, 2015, 04:57:36 AM
 #45

Closed permanently, I've visited it just earlier to see if it still exists. Sad And to those planning to create a brainwallet, don't use common words to create a passphrase. Humans have been proven to be not that good at randomization. Anyway, do you know any sites similar to brainwallet.github.io that can still be accessed?
is brainwallet.org different or same with brainwallet.io??
for website brainwallet.org is closed permanently, but for brainwallet.io is still open and can be accessed.
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September 21, 2015, 04:58:51 AM
 #46

Closed permanently, I've visited it just earlier to see if it still exists. Sad And to those planning to create a brainwallet, don't use common words to create a passphrase. Humans have been proven to be not that good at randomization. Anyway, do you know any sites similar to brainwallet.github.io that can still be accessed?
is brainwallet.org different or same with brainwallet.io??
for website brainwallet.org is closed permanently, but for brainwallet.io is still open and can be accessed.

They're different. Brainwallet.org was a much better site than any others I've found. That said, it looks like you can use Brainwallet.io to do generation as well if that's what you're after.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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September 21, 2015, 05:17:44 AM
 #47

for me the safest and simplest method to store my bitcoins is a paperwallet.yes it is the best think when securing my funds i will always keep it safe and yes I can trust myself when the point is for the security

Brain wallets are even safer. Then you aren't even worried about people stealing the paper or finding it accidentally. The only way people can get the private key is by forcing you to tell them.

I agree that brain wallets are safer, only if you know the phrase to access the wallet. If your phrase is only made up of simple words that could be easily guessed by a computer, then you're doomed and your funds are doomed, too.

Actually I'm just using blockchain for my wallet. What's the example of brain wallet ? Is it easy to use ?

They removed the address I was using (https://brainwallet.github.io/) but what you did is input your passphrase and it would spit out:

Compressed key
Uncompressed key
Private key

And then you can even use that site to send out a transaction from it, by putting in your passphrase to get the private key, then signing the message there and having it pushed to Blockchain. It was an awesome site and had a clean interface. Sucks that it's gone now, Sad.

Closed permanently, I've visited it just earlier to see if it still exists. Sad And to those planning to create a brainwallet, don't use common words to create a passphrase. Humans have been proven to be not that good at randomization. Anyway, do you know any sites similar to brainwallet.github.io that can still be accessed?

I don't, and yeah, I used that site a few weeks ago. Surprised it's closed. It was sleek, powerful, and full-featured. It sucks that I don't know of anything even remotely comparable.

Note, though, that passphrases are easier to keep than most people realize. For example:

I ran the other way
I ran the other way!
I ran the other way?
I ran the other waY
I Ran the other way

All the above are different. Just by changing capitalization or adding a special character, you add a whole new level of security. The best idea is to pick 10 words that aren't necessarily related and use that. I.e., "dog couch door tomato rain pills bucket blanket wonderful whatever" -- add specific capitalization to make it even harder.

Been searching for a similar service, but cannot find one too. On the passphrases part, I see how altering even a single character/symbol on the phrase gives it a more complex security.

P.S., I like your example of a mnemonic. For a more complex security, you can also do this one (though it may be difficult to remember, oh well) dOg cOuCh doOr tOmatO rAIn pIlLs buckET blaNket wOnderFuL WHATEveR

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September 21, 2015, 05:33:26 AM
 #48

Closed permanently, I've visited it just earlier to see if it still exists. Sad And to those planning to create a brainwallet, don't use common words to create a passphrase. Humans have been proven to be not that good at randomization. Anyway, do you know any sites similar to brainwallet.github.io that can still be accessed?
is brainwallet.org different or same with brainwallet.io??
for website brainwallet.org is closed permanently, but for brainwallet.io is still open and can be accessed.

brainwallet.org closed down after someone at defcon announced the release of a 'brainwallet cracker'. To me it's closing was symbolic though, such wallets are as seemingly as secure as they were before the release.














 

 

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September 21, 2015, 05:37:08 AM
 #49

Paper or better trezor is the safest.

I prefer electrum though, since it's very secure and relatively easy to use.

also, ninkip2p is great too (mobile app, multi-sig and more)

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September 21, 2015, 05:46:24 AM
 #50

Closed permanently, I've visited it just earlier to see if it still exists. Sad And to those planning to create a brainwallet, don't use common words to create a passphrase. Humans have been proven to be not that good at randomization. Anyway, do you know any sites similar to brainwallet.github.io that can still be accessed?
is brainwallet.org different or same with brainwallet.io??
for website brainwallet.org is closed permanently, but for brainwallet.io is still open and can be accessed.

brainwallet.org closed down after someone at defcon announced the release of a 'brainwallet cracker'. To me it's closing was symbolic though, such wallets are as seemingly as secure as they were before the release.

I'd love to see how these are cracked. You can have one word or a hundred. There are millions of words. You can do it in English or another language. You can do it literally or phonetically. There are gazillions of possibilities. It should be harder to crack a brain wallet (that isn't obvious) than it is a 30-character password (that also isn't obvious).


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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September 21, 2015, 07:28:18 AM
 #51

Closed permanently, I've visited it just earlier to see if it still exists. Sad And to those planning to create a brainwallet, don't use common words to create a passphrase. Humans have been proven to be not that good at randomization. Anyway, do you know any sites similar to brainwallet.github.io that can still be accessed?
is brainwallet.org different or same with brainwallet.io??
for website brainwallet.org is closed permanently, but for brainwallet.io is still open and can be accessed.

brainwallet.org closed down after someone at defcon announced the release of a 'brainwallet cracker'. To me it's closing was symbolic though, such wallets are as seemingly as secure as they were before the release.

I'd love to see how these are cracked. You can have one word or a hundred. There are millions of words. You can do it in English or another language. You can do it literally or phonetically. There are gazillions of possibilities. It should be harder to crack a brain wallet (that isn't obvious) than it is a 30-character password (that also isn't obvious).

I prefer using a brainwallet on your local language with different capitalization, symbols and other stuffs. To be able to produce a library of all the possibilities to crack a single brainwallet, you must have terrabytes of data, ranging from the English language to any other language possible. So the release of a brainwallet cracker shouldn't be that much of a problem, given that there are still a lot more ways to produce a genuin brainwallet passphrase without simply relying to the common English words/phrases.

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September 21, 2015, 07:38:49 AM
 #52

Closed permanently, I've visited it just earlier to see if it still exists. Sad And to those planning to create a brainwallet, don't use common words to create a passphrase. Humans have been proven to be not that good at randomization. Anyway, do you know any sites similar to brainwallet.github.io that can still be accessed?
is brainwallet.org different or same with brainwallet.io??
for website brainwallet.org is closed permanently, but for brainwallet.io is still open and can be accessed.

brainwallet.org closed down after someone at defcon announced the release of a 'brainwallet cracker'. To me it's closing was symbolic though, such wallets are as seemingly as secure as they were before the release.

I'd love to see how these are cracked. You can have one word or a hundred. There are millions of words. You can do it in English or another language. You can do it literally or phonetically. There are gazillions of possibilities. It should be harder to crack a brain wallet (that isn't obvious) than it is a 30-character password (that also isn't obvious).

I prefer using a brainwallet on your local language with different capitalization, symbols and other stuffs. To be able to produce a library of all the possibilities to crack a single brainwallet, you must have terrabytes of data, ranging from the English language to any other language possible. So the release of a brainwallet cracker shouldn't be that much of a problem, given that there are still a lot more ways to produce a genuin brainwallet passphrase without simply relying to the common English words/phrases.

You can also mix it up, using multiple languages, different capitalization, special chars, and both literal and phonetic words. It's impossible to crack. The only ones that would be are those that are obvious. Or the "Horse battery staple..." because that one's been shared for years.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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September 21, 2015, 07:44:26 AM
 #53

Paper wallet is the best. Make sure it is generated using a offline computer. Do not use brainwallets (my personal suggestion).

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September 21, 2015, 07:47:30 AM
 #54

for me as the worst keeper of wallets i do on line ones but never trust them soo for you i would trust a pen wallet multibit and paper wallet too.

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September 21, 2015, 08:42:53 AM
 #55

Paper wallet is the best. Make sure it is generated using a offline computer. Do not use brainwallets (my personal suggestion).

Back when the 'horse battery staple...' phrase was known, many people are using brainwallets as their main wallets. It is a very good and secure wallet, if you can memorize your phrase and you're sure that the 'randomness' in that wallet cannot be cracked by computers.

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September 21, 2015, 08:57:59 AM
 #56

Paper wallet is the best. Make sure it is generated using a offline computer. Do not use brainwallets (my personal suggestion).

Back when the 'horse battery staple...' phrase was known, many people are using brainwallets as their main wallets. It is a very good and secure wallet, if you can memorize your phrase and you're sure that the 'randomness' in that wallet cannot be cracked by computers.

easiest way for a secure brainwallet is download electrum and let it create seed words. those are not crackable, at least not for now.

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September 21, 2015, 09:38:56 AM
 #57

Paper wallet is the best. Make sure it is generated using a offline computer. Do not use brainwallets (my personal suggestion).

Back when the 'horse battery staple...' phrase was known, many people are using brainwallets as their main wallets. It is a very good and secure wallet, if you can memorize your phrase and you're sure that the 'randomness' in that wallet cannot be cracked by computers.

easiest way for a secure brainwallet is download electrum and let it create seed words. those are not crackable, at least not for now.

Those are MORE crackable than creating your own. Theirs come from a select database. When you do it yourself, the possibilities are endless.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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September 21, 2015, 10:11:56 AM
 #58

Paper wallet is the best. Make sure it is generated using a offline computer. Do not use brainwallets (my personal suggestion).

Back when the 'horse battery staple...' phrase was known, many people are using brainwallets as their main wallets. It is a very good and secure wallet, if you can memorize your phrase and you're sure that the 'randomness' in that wallet cannot be cracked by computers.

easiest way for a secure brainwallet is download electrum and let it create seed words. those are not crackable, at least not for now.

Those are MORE crackable than creating your own. Theirs come from a select database. When you do it yourself, the possibilities are endless.

I disagree. I don't think you know how the words are created. https://bitcointalk.org/index.php?topic=153990.msg1632127#msg1632127

much more secure than anything a human can come up with by default

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September 21, 2015, 12:12:09 PM
 #59

Paper wallet is the best. Make sure it is generated using a offline computer. Do not use brainwallets (my personal suggestion).

Back when the 'horse battery staple...' phrase was known, many people are using brainwallets as their main wallets. It is a very good and secure wallet, if you can memorize your phrase and you're sure that the 'randomness' in that wallet cannot be cracked by computers.

easiest way for a secure brainwallet is download electrum and let it create seed words. those are not crackable, at least not for now.

Those are MORE crackable than creating your own. Theirs come from a select database. When you do it yourself, the possibilities are endless.

I don't agree with you either. This is programed in a way that you get a good password entropy each time. I think this is above 128 bits normally. When you create your own password, you must create a very strong password and the problem is that people are terrible password makers.

So if a person is not sure what's doing, is better just to trust a program and its creators.
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September 21, 2015, 11:05:23 PM
 #60

for me the safest and simplest method to store my bitcoins is a paper wallet but if you want more safe buy hardware wallets

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