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Author Topic: First Bitcoin vault?  (Read 8098 times)
joesmoe2012
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May 15, 2013, 04:24:57 AM
 #41

Why not just print off a paper wallet and deposit in safe deposit box or two (with geodiversification if you so desire).

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Stunna
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May 15, 2013, 05:26:11 AM
 #42

Very nice, seems a bit too much though.

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joesmoe2012
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May 15, 2013, 05:40:17 AM
 #43

Very nice, seems a bit too much though.

Well if you have 23847455092384 bit coins....

Otherwise just do what I do - use blockchain.info :p

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keatonatron
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May 15, 2013, 09:07:35 AM
 #44

Well if you have 23847455092384 bit coins....

...your coins are worth $0 because you have every single one! (even the ones that technically don't exist)

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joesmoe2012
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May 15, 2013, 10:22:31 PM
 #45

Well if you have 23847455092384 bit coins....

...your coins are worth $0 because you have every single one! (even the ones that technically don't exist)

 hahaha valid point - Subtract about 10 digits from the origional number :p


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May 15, 2013, 10:58:33 PM
 #46

mmm green apples Smiley 

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May 15, 2013, 11:33:00 PM
 #47

I pondered what a true hardwallet would be like.

Paperwallets are good and have a good use as a means to give Bitcoin as a gift card or form of payment to your local sect.

But they are not really that good for long term storage. Paper degrades and gets brittle over time, and paper is susceptible to fire and water damage. One spilled Coke could put a quick end to your fortune Shocked

I envisioned an engraved metal version to eliminate those problems. They can still be about the same size as a paper wallet, just a bit thicker and heavier, and more importantly everlasting for a long term savings account.


Even a step further, I thought about a Bitcoin Vault as a piece of hardware. This hardware would take care of automatically backing up your encrypted wallets as well as secured cloud backup, fully encrypted itself as a wallet storage device. I think the fact that your wealth could be wiped out by a computer virus or other PC problems is something that limits adoption as a general consumer would fear such a scenario. People are used to seeing their money physically, without a clear understanding of what a wallet is and how to protect it there is a danger. We could use technology to help that. Maybe this is something BlockBurner can work on someday Smiley

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May 16, 2013, 01:02:35 AM
 #48

I want this on a budget. Bitcoin safe to be displayed prominently in the center of town where normally 100% surveillance would occur. You could strap the safe to the big oak tree if you have to, it's all about the location. You can personally set levels of security by requiring biometric access, witnessed as you wish.
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