Bitcoin Forum
May 05, 2024, 12:49:05 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Is it safe to hold all of your BTC on one address in cold storage?  (Read 500 times)
lukaexpl (OP)
Full Member
***
Offline Offline

Activity: 148
Merit: 106


View Profile
August 17, 2017, 08:04:52 AM
 #1

The advantage is obvious. You have all your BTC in one address meaning you would be actually able to memorize the private key and have the encrypted metal stamped version of it in some safe in case you die and want to leave to someone else.

But is there a threat posed by this Bitcoin collider that someone stumbles by chances exactly into your address?
1714870145
Hero Member
*
Offline Offline

Posts: 1714870145

View Profile Personal Message (Offline)

Ignore
1714870145
Reply with quote  #2

1714870145
Report to moderator
1714870145
Hero Member
*
Offline Offline

Posts: 1714870145

View Profile Personal Message (Offline)

Ignore
1714870145
Reply with quote  #2

1714870145
Report to moderator
1714870145
Hero Member
*
Offline Offline

Posts: 1714870145

View Profile Personal Message (Offline)

Ignore
1714870145
Reply with quote  #2

1714870145
Report to moderator
Be very wary of relying on JavaScript for security on crypto sites. The site can change the JavaScript at any time unless you take unusual precautions, and browsers are not generally known for their airtight security.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714870145
Hero Member
*
Offline Offline

Posts: 1714870145

View Profile Personal Message (Offline)

Ignore
1714870145
Reply with quote  #2

1714870145
Report to moderator
1714870145
Hero Member
*
Offline Offline

Posts: 1714870145

View Profile Personal Message (Offline)

Ignore
1714870145
Reply with quote  #2

1714870145
Report to moderator
DannyHamilton
Legendary
*
Offline Offline

Activity: 3388
Merit: 4616



View Profile
August 17, 2017, 02:12:57 PM
 #2

- snip -
is there a threat posed by this Bitcoin collider
- snip -

No.

If you used a well written wallet that did a good job of generating random private keys, there is no threat posed by Bitcoin Collider.
Swagtoshi
Full Member
***
Offline Offline

Activity: 261
Merit: 102


View Profile
August 17, 2017, 08:44:25 PM
 #3

It is safe to store all your bitcoin in one address.
It is almost impossible that someone will stumble into your address by chance as there are 2160 possible addresses, which is more than the amount of sand on earth squared.
ruclassic
Member
**
Offline Offline

Activity: 96
Merit: 100

RUcoin - Revolution on Universe


View Profile WWW
August 18, 2017, 05:32:54 AM
 #4

The advantage is obvious. You have all your BTC in one address meaning you would be actually able to memorize the private key and have the encrypted metal stamped version of it in some safe in case you die and want to leave to someone else.

But is there a threat posed by this Bitcoin collider that someone stumbles by chances exactly into your address?
This kind of situation happen that chances so less. Means mostly it will never happen but then  also if you want security, you can transfer your BTC in another address after some months of period means after every 6  months of period you transfer your BTC in another address.

    ● Virtual Reality Industry                                             Get profit from 1st day of ICO.
VR in Psychotherapy | VR in the Military                        ANN Thread|Facebook|Twitter
basinlotus
Newbie
*
Offline Offline

Activity: 14
Merit: 0


View Profile
August 18, 2017, 03:32:38 PM
 #5

I think it's safe, if your private key is strong enough. Cheesy

The advantage is obvious. You have all your BTC in one address meaning you would be actually able to memorize the private key and have the encrypted metal stamped version of it in some safe in case you die and want to leave to someone else.

But is there a threat posed by this Bitcoin collider that someone stumbles by chances exactly into your address?
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!