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Author Topic: How's this for a security strategy?  (Read 546 times)
tymothy (OP)
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September 07, 2013, 06:17:35 PM
 #1

Rate this security setup for a wallet I rarely plan to withdraw from:

Encrypted multibit wallets with ample unused additional addresses running on my laptop. (very strong password ~15 characters, mix of upper/lower characters, numbers, no words)
Backed up to Dropbox to protect against a local failure.
Saved to several USB drives, micro SD cards, paper wallets, CDs, all encrypted as AES256 compressed files in addition to wallet encryption so people don't know media even contains bitcoins.
Several micro SD cards, CDs and paper wallets sent to friends and family members across the US for safe-keeping. They don't know the passwords.

Protection against:
[X] local hard drive failure, accidental deletion
[X] dropbox failure
[X] EMP attack
[X] destruction/search & seizure of my residence
[X] localized mayhem
[X] jealous friends spending Bitcoin
[X] laptop thief, jealous friends, Feds transferring bitcoins, dropbox hacker getting wallet access
[X] basically all dictionary attacks and even a botnet brute forcing my password
[  ] rusty pipe attack (being beaten with a pipe until I disclose the password/location of wallet)
[  ] memory loss
[  ] destruction of dropbox, my computer and each and every backup

Is this decent security for a wallet I'll be holding ~$20-100k+ in?
Everlight
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September 07, 2013, 06:18:55 PM
 #2

If you store it on a USB stick, are USB sticks unaffected by an EMP blast?
tacoman71
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September 07, 2013, 07:02:15 PM
 #3

You can store them in a faraday cage to protect them from an EMP

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tymothy (OP)
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September 07, 2013, 09:19:52 PM
 #4

If you store it on a USB stick, are USB sticks unaffected by an EMP blast?

No I don't think so. That's why I have paper wallets and CDs too. Not sure about MicroSDs resistance under those conditions. Also my backups are geographically spread out, so I'd be able to recover the wallet even if all media were susceptible.
pedrog
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September 08, 2013, 04:05:19 AM
 #5

You need this:

http://www.instructables.com/id/A-Stainless-Steel-Bitcoin-Wallet/

b!z
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September 08, 2013, 06:37:12 AM
 #6

64char password with foreign language and unicode symbols :-)
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