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Question: Where do you store most of your coins for long term storage?
On mtgox - 12 (5.7%)
On Btc-e - 4 (1.9%)
On Bitstamp - 2 (1%)
On another exchange - 4 (1.9%)
In my personal wallet on my computer - 43 (20.6%)
On a usb drive in a safety deposit box - 3 (1.4%)
On a usb drive stored safely in my house - 15 (7.2%)
On a usb drive stored somewhere else - 8 (3.8%)
On a paper wallet - 72 (34.4%)
on a brain wallet - 19 (9.1%)
on blockchain.info wallet - 23 (11%)
on another online wallet - 4 (1.9%)
Total Voters: 209

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Author Topic: Where do you store most of your coins for long term storage?  (Read 5961 times)
starsoccer9
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May 20, 2013, 01:53:14 AM
 #1

Where do you store most of your coins for long term storage?

Just trying to get a feeling of where most users store there coins.
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kokojie
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May 20, 2013, 02:24:02 AM
 #2

no blockchain.info?

btc: 15sFnThw58hiGHYXyUAasgfauifTEB1ZF6
Topazan
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May 20, 2013, 02:45:13 AM
 #3

Part of my key is recorded multiple places, another part is memorized.  I use blockchain.info in "watch only" mode to keep track of my offline wallet.

Save the last bitcoin for me!
justusranvier
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May 20, 2013, 07:16:27 AM
 #4

Which option do I choose for an offline Armory wallet with paper backups?
starsoccer9
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May 20, 2013, 10:27:28 AM
 #5

no blockchain.info?
added
Which option do I choose for an offline Armory wallet with paper backups?
id choose either
On a usb drive stored somewhere else
or
On a paper wallet
TaxReturn
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May 20, 2013, 10:36:25 AM
 #6

Brain wallet plus encrypted backup on multiple online services.
Needs no trust, is resistant to fire and doesn't have a singular point of failure.
Rassah
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May 20, 2013, 10:37:24 AM
 #7

Which option do I choose for an offline Armory wallet with paper backups?
id choose either
On a usb drive stored somewhere else
or
On a paper wallet

My Armory offline wallet sits on an offline computer, not a USB drive or paper. I only use the USB drive to carry signed transactions back and forth.

phatsphere
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May 20, 2013, 10:41:08 AM
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I pursue a mixed strategy. Checkboxes would be better.
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May 20, 2013, 10:44:37 AM
 #9

Private keys in a TrueCrypt encrypted file container backed up at several locations with the password to the container stored at several other locations.
Buffer Overflow
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May 20, 2013, 10:51:32 AM
 #10

Private keys encrypted with GPG in a ASCII text file. File stored in multiple locations. GPG password in brain with dead man's switch.

starsoccer9
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May 20, 2013, 10:55:12 AM
 #11

I pursue a mixed strategy. Checkboxes would be better.
Yea, sorry, there are just alot of bases to cover. If you have a suggestion feel free to tell me and I will add it
glitch003
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May 20, 2013, 02:03:11 PM
 #12

On a paper wallet printed by Piper with the keys backed up on a USB stick
Jace
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May 20, 2013, 02:54:43 PM
 #13

Of course NONE of the above.

First of all why the HELL would you store your long term savings with an exchange or online wallet, thus relying on someone else not running with your money (or not getting hacked, or not messing up or getting shut down or whatever).

Second, why would you rely on only ONE option. Bitcoins can be backed up, you know.

I use a dedicated, offline Ubuntu Live on USB. I generated a bunch of private keys with a local copy of bitaddress.org, and stored them in a truecrypt container. I backed up this container on several places (sent to some webmail addresses, on some online storage services, and copied to several USB disks and flash drives). And I imported all the addresses (not the private keys) into a watch-only blockchain.info wallet. So I can check my balance and add funds there, and only need to boot the Ubuntu Live environment if I need to take some money out.

Feel free to send your life savings to 1JhrfA12dBMUhcgh85wYan6HL2uLQdB6z9
Jace
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May 20, 2013, 02:57:45 PM
 #14

Brain wallet plus encrypted backup on multiple online services.
Needs no trust, is resistant to fire and doesn't have a singular point of failure.
Well, the singular point of failure is you being unable to reproduce your password (due to forgetting it, or dying, or some accident causing brain trauma, etc).

I personally used some kinda time lock construction for this scenario - if I show no sign of life for 3+ months, the password for my truecrypt container will be emailed to my family. Or well, part of it, including an explanation how to get the rest that only they will understand.

Feel free to send your life savings to 1JhrfA12dBMUhcgh85wYan6HL2uLQdB6z9
Birdy
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May 20, 2013, 03:01:25 PM
 #15

There is another option missing: Casascius Coins ^^
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May 20, 2013, 03:02:17 PM
 #16

Dont make yourself a target by answering this question...  Roll Eyes
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May 20, 2013, 03:13:37 PM
 #17

Paper wallet for cold storage and 20 btc on a bootable USB stick that I use to buy things that I need/want (like petty cash account).

Jace
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May 20, 2013, 11:10:14 PM
 #18

Paper wallet for cold storage

There is another option missing: Casascius Coins ^^

Both are bad ideas imho: totally vulnerable to theft, burglary, fire or otherwise loss of coins. And in case of Casascius Coins: can't back them up.

Feel free to send your life savings to 1JhrfA12dBMUhcgh85wYan6HL2uLQdB6z9
BeetcoinScummer
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May 21, 2013, 01:38:55 AM
 #19

JPEG photos of a paper wallet, hidden amongst family and pet photo album archives. Even if you were staring the photo it wouldn't be immediately obvious there was a private key on it. I guess this could be regarded as steganography in its most basic form.
starsoccer9
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May 21, 2013, 03:15:48 AM
 #20

JPEG photos of a paper wallet, hidden amongst family and pet photo album archives. Even if you were staring the photo it wouldn't be immediately obvious there was a private key on it. I guess this could be regarded as steganography in its most basic form.
A neat idea would be a wallet privitekey in a picture of colors. for example the types of pictures where you have the green line, then the black line, and so on. Cant think of what its called tho.
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