Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[xhomerx10]

BIP39 passphrase, stored in the brain and with a trusted family member. Exactly what I was thinking.
Already feeling inspired by the idea.

 I think this is awesome.  This invalidates the $5 wrench hack as well; now the bad guys need two $5 wrenches; we've doubled our security!
 
 j/k  You know I'll be following suit.

[1714951500]

1714951500

[1714951500]

1714951500

[xhomerx10]

A farmer in England had his land littered with used tires by someone, he put up a camera and caught the guy on film, his daughter found the man on facebook, a local business, the man was confronted and refused to remove the tires. The farmer, with the help of some friends, collected the tires and dumped them in his front yard.
https://www.facebook.com/100044178352512/videos/vb.100044178352512/189691715846772

https://www.dailymail.co.uk/news/article-8627203/Landowner-uses-tipper-truck-pile-400-tyres-lawn-fly-tipper.html

So, Daily mail spells tires "tyres" is "tires" wrong?

 The author must have been too tyred to bother with proofreading.

[AlcoHoDL]

Or, you could just write it on a piece of paper and give it to someone you trust.

...and then the person you trust misplaces that piece of paper, and it ends up in the hands of someone you DON'T trust. Your coins are gone!

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

Perhaps, you could share the seed with only one or two very special persons in your life, who fulfill all of the requirements below:

1. You fully trust them (obviously),
2. They understand what Bitcoin and the seed are, and are crypto-literate,
3. They take security matters VERY seriously,
4. Loved/family persons (parents, spouses, children) should be excluded if they don't satisfy 1~3, no matter how much you love them!

If persons belonging to (4) get mad at you for not sharing the seed with them, and complain that you don't love/trust them, etc., it means that they don't understand the implications of (2) and (3), and should never be given access to the seed.

IE. Give it to someone you trust.

Nope!

Trust is not enough. When you need heart surgery, you go to a heart surgeon, preferably one you know is very good at his job (trust + knowledge). You don't let your brother or wife do it (you really trust them, and they love you, but they'll kill you if you let them operate).

[Arriemoller]

If you write it on a piece (or several) of paper, laminate it, put it in a box, bury it in the garden or wherever, or otherwise keep them safe. Or if you stamp it on washers and do the same thing doesn't make much difference in my view.
Having said that, I think it's a cool idea, and I'm going to the hardware store on Monday, just for the fun of it.

[Arriemoller]

Or, you could just write it on a piece of paper and give it to someone you trust.

...and then the person you trust misplaces that piece of paper, and it ends up in the hands of someone you DON'T trust. Your coins are gone!

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

Perhaps, you could share the seed with only one or two very special persons in your life, who fulfill all of the requirements below:

1. You fully trust them (obviously),
2. They understand what Bitcoin and the seed are, and are crypto-literate,
3. They take security matters VERY seriously,
4. Loved/family persons (parents, spouses, children) should be excluded if they don't satisfy 1~3, no matter how much you love them!

If persons belonging to (4) get mad at you for not sharing the seed with them, and complain that you don't love/trust them, etc., it means that they don't understand the implications of (2) and (3), and should never be given access to the seed.

IE. Give it to someone you trust.

Nope!

Trust is not enough. When you need heart surgery, you go to a heart surgeon, preferably one you know is very good at his job (trust + knowledge). You don't let your brother or wife do it (you really trust them, and they love you, but they'll kill you if you let them operate).

No, I do not trust my brother to perform heart surgery.

The things you have written as 1. 2. 3. and 4. = trust.

[Icygreen]

BIP39 passphrase, stored in the brain and with a trusted family member. Exactly what I was thinking.
Already feeling inspired by the idea.

 I think this is awesome.  This invalidates the $5 wrench hack as well; now the bad guys need two $5 wrenches; we've doubled our security!
 
 j/k  You know I'll be following suit.

More on security: @ 170 grams, this upgrades your fist to a KO hammer.  

[Arriemoller]

A farmer in England had his land littered with used tires by someone, he put up a camera and caught the guy on film, his daughter found the man on facebook, a local business, the man was confronted and refused to remove the tires. The farmer, with the help of some friends, collected the tires and dumped them in his front yard.
https://www.facebook.com/100044178352512/videos/vb.100044178352512/189691715846772

https://www.dailymail.co.uk/news/article-8627203/Landowner-uses-tipper-truck-pile-400-tyres-lawn-fly-tipper.html

So, Daily mail spells tires "tyres" is "tires" wrong?

 The author must have been too tyred to bother with proofreading.

Good one.

[AlcoHoDL]

Or, you could just write it on a piece of paper and give it to someone you trust.

...and then the person you trust misplaces that piece of paper, and it ends up in the hands of someone you DON'T trust. Your coins are gone!

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

Perhaps, you could share the seed with only one or two very special persons in your life, who fulfill all of the requirements below:

1. You fully trust them (obviously),
2. They understand what Bitcoin and the seed are, and are crypto-literate,
3. They take security matters VERY seriously,
4. Loved/family persons (parents, spouses, children) should be excluded if they don't satisfy 1~3, no matter how much you love them!

If persons belonging to (4) get mad at you for not sharing the seed with them, and complain that you don't love/trust them, etc., it means that they don't understand the implications of (2) and (3), and should never be given access to the seed.

IE. Give it to someone you trust.

Nope!

Trust is not enough. When you need heart surgery, you go to a heart surgeon, preferably one you know is very good at his job (trust + knowledge). You don't let your brother or wife do it (you really trust them, and they love you, but they'll kill you if you let them operate).

No, I do not trust my brother to perform heart surgery.

The things you have written as 1. 2. 3. and 4. = trust.

If you put it that way, yes. I just wanted to stress that you should not give anyone access to your seed, unless they know how to handle it. Trust, in the traditional sense, may not be interpreted that way... Better safe than sorry!

Also, we are only humans, so even someone who fulfills 1~4 in my post above, could make a mistake. That's why I said, "never share with anyone". The less people know, the safer it is.

[Arriemoller]

^

How you interpret trust might be a cultural thing, I don't see that we disagree really.

[Arriemoller]

Now, if bitcoin could just climb over 12000 and a low pressure could come in from the British isles, that would be just fine.

30 degrees in the shadow, no wind.

[AlcoHoDL]

^

How you interpret trust might be a cultural thing, I don't see that we disagree really.

Yes, we agree in essence. Often people mix love with trust. I've heard cases where spouses demand to know such details as proof of love/trust etc. They should know that a seed needs special handling. And we should know who to share it with (or if we even should disclose ownership of coins to certain people).

The small, insignificant value of Bitcoin a few years ago, has now turned into a very serious thing that forces owners to reconsider and re-evaluate their security practices.

[Torque]

Brb, gonna trade all my BTC for that new Chainlink thingy that's looks so undervalued.

....

[Torque]

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed.

[Toxic2040]

New poll!

Old poll:

+1 WOsMerit

---



mostly full disclosure 




early an late an the same once.. posted for posterity anyhow


----
the morning wall report
all hands..man battle stations..turn her into the wind and roll out the starboard cannon..we will see how they like the taste of a broadside

bear sniffs cats ass and is pleasantly surprised
4h


#dyor
D

#stronghands

[LFC_Bitcoin]

Brb, gonna trade all my BTC for that new Chainlink thingy that's looks so undervalued.

....

I had 1000 LINK.

Converted 900 into bitcoin about 4 weeks ago at £4 something. It’s been pretty annoying for me seeing it pump.

[Last of the V8s]

'tyres' is the British spelling
btw a couple of you have complained of heat 'in the shadow', but it's correctly 'in the shade'
enough grammar grumbles
pump it up https://www.youtube.com/watch?v=0HtyF0jux2Q

[Last of the V8s]

yuh that LINK is a frightful old scam. I did warn you 

[Torque]

Brb, gonna trade all my BTC for that new Chainlink thingy that's looks so undervalued.

....

I had 1000 LINK.

Converted 900 into bitcoin about 4 weeks ago at £4 something. It’s been pretty annoying for me seeing it pump.

After watching shitcoin PnD charts for years now, I can tell you that for every new shitcoin that comes online, there's always one final ludicrous pump to da moon...if you have the cahonas to hold on that long. Then it crashes and fades into oblivion.

If you made any profit on a shitcoin pump, consider yourself lucky.

[AlcoHoDL]

My advice to anyone reading this: DON'T share PINs, passphrases, seeds, anything of that nature, with ANYONE, not even your parents, children, spouse, etc. They may be the most trustworthy people in the world, but they may carelessly compromise the security of your coins.

But...if you want your loved ones to inherit your stash after you are gone, you have to figure out a way to leave it to them. Otherwise your stash access dies with you. And keep in mind that you could die any second (e.g., sudden heart attack, getting hit by a bus, etc.) so you may not have time or opportunity to give them access to it on your death bed.

Yes, that's exactly the problem. Not easy to solve. We must find at least one person in our lives, who can handle this thing. Banks, wills, etc. is how it's currently done. With Bitcoin we're on our own. Even teaching someone to transact in Bitcoin can be a challenge. Just imagine explaining about wallets, seeds, passphrases, keys, addresses, etc. Not (yet) easy for most...

[cAPSLOCK]

BIP39 passphrase, stored in the brain and with a trusted family member. Exactly what I was thinking.
Already feeling inspired by the idea.

Nice!  You know what else I love about this design?  Drill a hole in the top of a wooden door and drop this sucker in... top off with a little putty.  Even paint if you are feeling frisky.  Survives the house fire.  Is EXTREMELY hard to find.

Course if the thief is reading this thread...  *sigh*...

By the way... anyone wants to borrow these... feel free: