WastedLTC
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August 14, 2020, 10:59:46 PM |
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a 24 word seed. on two bolts.
Splitting it only doubles your chance of losing it all by losing just one of them.
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P_Shep
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Activity: 1795
Merit: 1208
This is not OK.
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August 14, 2020, 11:19:50 PM |
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a 24 word seed. on two bolts.
Splitting it only doubles your chance of losing it all by losing just one of them. Indeed, people seem to no be quite getting it.
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AlcoHoDL
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Activity: 2534
Merit: 4691
Addicted to HoDLing!
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August 14, 2020, 11:43:28 PM |
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Not just yet... Batman will give the slapping, but only after May 12th, 2021 can it be decided who will receive it. GTCTTWW. HoDL.
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philipma1957
Legendary
Online
Activity: 4284
Merit: 8728
'The right to privacy matters'
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August 14, 2020, 11:55:19 PM |
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a 24 word seed. on two bolts.
Splitting it only doubles your chance of losing it all by losing just one of them. Indeed, people seem to no be quite getting it. actually I get it just fine. If I went this route I would have the two bolts sorted in two different bank safety deposit boxes. The bolts are more of a back up for physical destruction safety of the wallet. For me at my age hodl for more then 10 years may happen but I would be 73 in ten years. With no kids so I would most likely want to spend the money so having it stashed in 1 safety box is not what I want. If I have the two bolts spilt in two boxes it will take me more time to get to it. So it forces me to hodl I would like to hodl till I am 73.
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yefi
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Activity: 2842
Merit: 1511
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August 15, 2020, 12:35:56 AM |
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C'mon BTC, show us what ya got!
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jojo69
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Activity: 3318
Merit: 4606
diamond-handed zealot
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August 15, 2020, 12:36:02 AM |
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^
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xhomerx10
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Activity: 4004
Merit: 8789
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August 15, 2020, 12:38:23 AM |
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^^
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Hueristic
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Activity: 3976
Merit: 5411
Doomed to see the future and unable to prevent it
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August 15, 2020, 12:40:50 AM |
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After this I also thought it might be cool to stamp them in something other than the actual order and store a key to that in a second place.
Nifty - but i seem to tend to the over complex...
If yu want to get fancy grab a book and page thoruogh it until you find the first word of a paragraph that matches the seed word and stamp that page number on with the seed. there are all kinds of simple things you can do to add entropy. Shit use seed words that are a random number that only you know on the list from the actual word. Combine that with the book method and then Let someone have fun with that. Fun battle going on. http://dave.freeinforadar.ch/btcwars/
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BobLawblaw
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Activity: 1865
Merit: 5684
Neighborhood Shenanigans Dispenser
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August 15, 2020, 12:50:42 AM |
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Toxic2040
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Activity: 1806
Merit: 4170
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August 15, 2020, 02:16:31 AM |
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d_eddie
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Activity: 2660
Merit: 3567
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August 15, 2020, 02:28:00 AM |
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What does it means when even Warren Buffet shots legacy fiat financials and get long Gold(sir something really close to)? Berkshire reduces Wells Fargo, JPMorgan, Goldman stakes; adds Barrick Gold Aug 14 (Reuters) - Warren Buffett's Berkshire Hathaway Inc BRKa.N said on Friday it has reduced its investments in some of the largest U.S. banks, lowering its stakes in Wells Fargo & Co WFC.N and JPMorgan Chase & Co JPM.N and eliminating a stake in Goldman Sachs Group Inc GS.N
In a regulatory filing detailing its U.S.-listed investments as of March 31, Berkshire also disclosed a new 20.9 million share investment in Toronto-based Barrick Gold Corp ABX.TO, one of the world's largest mining companies
If warren Buffet want to buy Gold, it’s time to get your seatbelt fastened. [insert “it’s happening.gif” here] My body is ready. But he's still got plenty of Bank of America, and says it's a "fantastic business". Perhaps just sorting his bank holdings?
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nutildah
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Activity: 3150
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Happy 10th Birthday to Dogeparty!
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August 15, 2020, 02:28:34 AM |
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Neat! They are using CoinbasePro data for the "battle."
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bitebits
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Activity: 2251
Merit: 3592
Flippin' burgers since 1163.
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August 15, 2020, 05:35:22 AM |
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a 24 word seed. on two bolts.
Splitting it only doubles your chance of losing it all by losing just one of them. Indeed, people seem to no be quite getting it. The problem you try to solve is already fixed: multisig. Can recommend Shamir Backup as well natively supported by the Trezor model T. You can split the seed in as many ‘shares’ as you like, while each share on its own is useless. https://bitcoinelectrum.com/creating-a-multisig-wallet/https://wiki.trezor.io/Shamir_backup
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JayJuanGee
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Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
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a 24 word seed. on two bolts.
Splitting it only doubles your chance of losing it all by losing just one of them. Indeed, people seem to no be quite getting it. actually I get it just fine. If I went this route I would have the two bolts sorted in two different bank safety deposit boxes. The bolts are more of a back up for physical destruction safety of the wallet. For me at my age hodl for more then 10 years may happen but I would be 73 in ten years. With no kids so I would most likely want to spend the money so having it stashed in 1 safety box is not what I want. If I have the two bolts spilt in two boxes it will take me more time to get to it. So it forces me to hodl I would like to hodl till I am 73. Hopefully, you are starting to spend before 73 and even before 10 years from now. You seem to have been in BTC for at least for a couple exponential growth cycles, and sure maybe you screwed up a few times, but there is also ideas that you would rather spend your money before you die rather than having a bunch of money that you cannot spend or enjoy. Have you ever thought about starting a 1% per quarter liquidation schedule, which should largely, allow your stash to hold its value, and if you are not ready to start a 1% per quarter liquidation now, then 10 years seem so long from now.. I would suggest starting something less than 10 years from now, but of course you are the best person to really know where you are at in terms of your BTC and your lifestyle and your other investment cashflow potentialities. And, then once you start withdrawing.. are you just going to withdraw a lump sum or can't you just engage in incremental withdraws ... and gosh? Spending over 10 years? You expect to live to what? 83 years? you have way more energy as a 63 year old than you are going to have in your post 73 years, no? if you make it that long without any major issues, that is.
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Phil_S
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We choose to go to the moon
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August 15, 2020, 07:44:24 AM |
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if anyone has physical access to your bolt and nut...
...they would probably not realize its importance.
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600watt
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Activity: 2338
Merit: 2106
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Wtf; this is BIG on reuters... woah... he speaks about guys that hated bitcoin in the past and now starting to considering it as „convertits“. The journalists is baffled to hear „it is bitcoin!“ The next run up some deeeeeeep pockets will get the fomo. No matter how solid and traditional and potent a finance investor is: if they see bitcoin doing its 10% daily gains the WILL start to get the fomo. They are not immune. When some of those behemoths think „ fuck it we need 1% exposure to this shit“ - we are talking about billions already. 2017 was a historic run up. Wait and see the next one. We all have no clue and we will get overwhelmed.
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nutildah
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Activity: 3150
Merit: 8523
Happy 10th Birthday to Dogeparty!
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if anyone has physical access to your bolt and nut...
antifa protesters severing the bolt, and scattering my nuts
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AlcoHoDL
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Activity: 2534
Merit: 4691
Addicted to HoDLing!
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August 15, 2020, 08:02:24 AM |
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Fixing the FT ad title: "Now is always the time to invest in bitcoin."
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heslo
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Activity: 1202
Merit: 1181
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August 15, 2020, 08:06:32 AM |
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I sense my 12k toes tingling
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