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Valerian77
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February 01, 2014, 01:17:29 AM |
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Why not just adapt a 'paper wallet'. Encrypt it in a puzzle. I'm thinking of having my key engraved on to some puzzle pieces, mixing it up and then locking it in a safe. I don't have a huge amount of coin at the moment but it's safe all the same. Nobody will know what it means at the moment even if they do decipher it.
Funny idea - but if one gets the puzzle out of the safe he may be able to solve it. Simply create an encrypted paper wallet. Print it out five times. Split the key into ten chunks and write one chunk on every print out. Then fold them and seal them with some kind of stamp. After this the five sealed printouts should be given to reliable persons with the instruction only to unseal them in case of your death or on your request. It is a good idea to have at least someone in the group who is not in good relationship to the others. So then you have a perfect backup of the coins even for your heirs or in case you loose your wallet key or the password. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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First.Bitcoins
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February 05, 2014, 04:51:28 PM |
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Great guide, testing it out today.
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Founding Dev of ArtByte, the crypto supporting the arts, started in NYC - May 1, 2014 ArtByte.me
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Ritual
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February 05, 2014, 05:15:38 PM |
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Newb question - is this still largely relevant? I'd like to link it on my site, but not if it's outdated and/or incorrect. I should mention that I have NOT read through all 126 pages of the thread  Rit. |
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lowjo
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February 19, 2014, 01:52:10 AM |
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This is an awesome thread, thanks to OP! I'm reasonably paranoid and for some reason I had a total brain fart when it came to securing my coins...I went for wide distribution to reduce risk with any one wallet...this makes a lot more sense.
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BitOnyx
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Cryptocurrencies Exchange
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March 13, 2014, 12:47:42 PM |
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This information are always useful. Next step would be some company patenting some of solutions and providing them as service.
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mprep
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In a world of peaches, don't ask for apple sauce
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March 13, 2014, 01:29:07 PM |
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This information are always useful. Next step would be some company patenting some of solutions and providing them as service.
I don't think anyone could patent unplugging your Internet cable and booting up Live OS CDs.  |
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Gab1974
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March 13, 2014, 08:49:11 PM |
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This information are always useful. Next step would be some company patenting some of solutions and providing them as service.
I don't think anyone could patent unplugging your Internet cable and booting up Live OS CDs. Lol! Nice guide, thanks! Nice guide but 100 percent sure there is never |
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Pony789
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March 14, 2014, 11:44:17 PM |
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This is helpful to all newbies, and everyone should really take a look at it. IMO, this thread should be made sticky.  |
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john1975p
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June 09, 2014, 10:42:07 PM |
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Nice guide, will try to make 1 copy.
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griffga
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August 03, 2014, 07:21:04 AM |
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Is there any real safe way to store a wallet online? As in you encrypted it and placed it in some online storage service? I'm just wanting reliable off site backups.
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obocaman
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August 03, 2014, 11:58:48 AM |
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A secure wallet is a 100% offline wallet IMO:
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infested999
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August 03, 2014, 09:30:44 PM |
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Is there any real safe way to store a wallet online? As in you encrypted it and placed it in some online storage service? I'm just wanting reliable off site backups.
Yes, you can store an encrypted wallet on Dropbox/Drive fairly securely. |
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silvestar
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August 04, 2014, 01:41:06 PM |
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Is there any real safe way to store a wallet online? As in you encrypted it and placed it in some online storage service? I'm just wanting reliable off site backups.
I think it is okay if you encrypted it with a good long password with 7-Zip before uploading the file. But you shouldn't keep an decrypted version on an online machine. |
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slush
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August 04, 2014, 01:54:06 PM |
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There're many cook books how to prepare secure wallets, usually with 20+ points about how to install bootable USB with Linux and Armory on USB token. Or you can  |
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Muhammed Zakir
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August 04, 2014, 02:48:42 PM
Last edit: August 06, 2014, 05:58:43 PM by Muhammed Zakir |
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There're many cook books how to prepare secure wallets, usually with 20+ points about how to install bootable USB with Linux and Armory on USB token. Or you can Armory is very secure than other wallets but for newbies I don't think it would be good option as they need to download whole Blockchain data unless they have good internet connection. Electrum would be better if you don't have a good connection, IMO. Kindly, MZ |
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realdope
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August 04, 2014, 04:20:16 PM |
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Put wallet in a bunker.
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bitjay77
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August 08, 2014, 07:13:12 PM |
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Would it be safe to run Linux on a Virtual Machine that is not connected to the internet and have your coins stored there.
1-If I am running Windows on my Pc and the VM is running linux, and is offline, is there a possible threat for my coins?
2- Are there any versions of Linux that are better than others when dealing with Bitcoin?
3- Would I be able to have the wallets that I use on a daily basis stored on several virtual machines as well, for extra security?
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Muhammed Zakir
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August 09, 2014, 04:56:19 AM |
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Would it be safe to run Linux on a Virtual Machine that is not connected to the internet and have your coins stored there.
1-If I am running Windows on my Pc and the VM is running linux, and is offline, is there a possible threat for my coins?
2- Are there any versions of Linux that are better than others when dealing with Bitcoin?
3- Would I be able to have the wallets that I use on a daily basis stored on several virtual machines as well, for extra security?
1- If you planning to run it offline and send a coins from other wallet, then there will be no threat. However, making a copy of your wallet and copy of your private keys would be good as some viruses may damage computer hard disks. 2- Kubuntu and Lubuntu are Ubuntu-based lightweight distros. I recommend Kubuntu if you have min requirements to run it or use Lubuntu to get a lag-free computer. Otherwise install Linux Debian, which is least recommended option. Kubuntu min requirements:
Processor 1 GHz (x86) Better than 1 GHz (x86)
Memory 512 MB 1 GB
Hard drive capacity 4 GB[41] 10 GB[41]
Video card VGA @ 640×480 VGA @ 1024×768
Lubuntu min requirements:
We have done many tests and we've found out that Lubuntu can be installed on a Pentium II or Celeron system with 128 MB of RAM, but such a system would not perform well enough for daily use.
With 256MB - 384MB of RAM, the performance will be better and the system will be more usable.
With 512MB of RAM, you don't need to worry much.
Note: If "Desktop effects" are desired, a supported GPU is required.
3- If you are thinking to run VMs to on same computer, I don't think that would make an extra layer of security but running it on different computers would be good. Running many VMs on a computer decreases the overall performance. If you have USB or CD, I recommend you to use it as a live bootable Linux distro. It is much better. Kindly, MZ |
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albus
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August 19, 2014, 07:18:27 AM |
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Brainwallet is a nice feature to have and unless someone can find a way to crack into people's brains, then it should be secure.
As mentioned a bit earlier in this thread, Brainwallet may have some issue with its random number generator. |
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albus
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August 19, 2014, 07:31:17 AM |
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Brainwallet is a nice feature to have and unless someone can find a way to crack into people's brains, then it should be secure.
As mentioned a bit earlier in this thread, Brainwallet may have some issue with its random number generator. by that I mean the brainwallet website |
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