The most irritating (and stupid) copy/paste is claiming it is a hardware wallet. Basically just because it runs on hardware (just like every other software too).
A piece of hardware with no hardware security mechanisms is not a hardware wallet.
Further, in
this thread:
As alternative for hardware wallets I found one script called YetCold, that installs bitcoin core and then helps user with steps to create cold storage for holding Bitcoins.
They recommend it for storing BTC worth 50k or more with 3 of 7 HD multisig setup with private keys never exposed to device connected on internet.
You would need to have:
- Two laptops with webcam, Ubuntu OS and Bitcoin Core.
- 8 small USB drives.
- Printer and paper.
Software is still beta but it is working fine and it has several
Advantages:
- Private keys are never on any device exposed to internet
- 3 of 7 multisig addresses is used, and this allows losing up to 4 keys without losing bitcoin, and it requires 3 locations to be compromised for losing bitcoins.
- HD Multisig is used so that you can send funds to 1,000 addresses, but recover all funds using only 3 seed phrases
- Using Generic computing hardware.
- Minimal software used mostly for enabling multisig for Bitcoin core software.
- Open source and easily audited.
- Usable for most non-technical users with following steps.
- Private, uses Tor and never transmits your IP address.
- Bitcoin private keys are stored on paper in multiple geographic locations with professionals that do not know they are storing bitcoin private keys.
- Private keys are written down using the NATO phonetic alphabet where every fifth word is a checksum to reduce the possibility that a private key will be unreadable when needed.
- Instructions for recovering the bitcoin are included with every copy of the private keys to reduce the likelihood of loss.Disadvantages:
- Time. To complete setup you will need to invest 2 hours spread over the course of a couple days. You also need time to buy and setup clean OS on laptops.
- Privacy. Using multisig is not very common and a 3 of 7 multisig is even less common. Someone could look at the blockchain and find out you are using yeti for cold storage. - More expensive than hardware wallets.
My opinion:
If you have some old laptops in your house maybe you can give them a new life with this YetiCold storage, but for most users this is to complicated to set up and it needs lot of time invested.
Maybe it is safer then regular wallets, but for most people this would be extreme and only used by most paranoid bitcoiners Smiley
Source:
https://github.com/JWWeatherman/yeticoldProcedure:
https://github.com/JWWeatherman/how_to_store_bitcoinWebsite:
https://github.com/JWWeatherman/yeticoldThe part marked in red is basically a copy/paste from the
github readme.
In the meantime, it seems he acknowledged the fact that some quotes are appropriate and edited his post to include them.
Also, this never was about plagiarism since he included the reference.
My statements referred to the fact that either 1) the majority of the post is just copied from github or 2) a description like "hardware wallet" is simply copied without even thinking about it whether it indeed is a hardware wallet, misleading newbies.