blue Snow
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October 20, 2023, 01:04:52 AM |
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Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war. So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?
That stupid thing if it still exists (save his investment on PC), I don't know what he thinks in the middle of the war, he still brings the laptop where all his treasure is inside on the laptop. Does he know if Bitcoin is one of the simple instruments of investment?. we don't even need to bring anything like fiat, gold, safe box or other items when run in the middle of a war. In bitcoin, we only need a 12 word mnemonic seed that we can write on laminate paper or metal plate. If you want to be safe write it on a metal plate, that's not much either, we just need 5x10 cm plate to stamp 4 letter seed. Just simple like that.
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Iranus
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October 20, 2023, 02:38:53 AM |
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Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war. So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?
That stupid thing if it still exists (save his investment on PC), I don't know what he thinks in the middle of the war, he still brings the laptop where all his treasure is inside on the laptop. Does he know if Bitcoin is one of the simple instruments of investment?. we don't even need to bring anything like fiat, gold, safe box or other items when run in the middle of a war. In bitcoin, we only need a 12 word mnemonic seed that we can write on laminate paper or metal plate. If you want to be safe write it on a metal plate, that's not much either, we just need 5x10 cm plate to stamp 4 letter seed. Just simple like that. Even if he wasn't at war, storing the seed phrase on the PC was a bad and stupid idea. There is no need for war to destroy everything he has, daily dangers from the internet or in life are enough to rob him of all his assets if he continues to store them on his PC. Storing seed phrases on internet-connected devices or on computers, phones...is never recommended. I remember we have discussed this issue thousands of times and for many years, but why do some people still make these basic mistakes when investing in bitcoin?
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Strongkored
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October 20, 2023, 05:03:55 AM |
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Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war. So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?
If you've lost everything then there's nothing you can do and in fact, even without war, you still have a chance of losing your seed phrases if you don't consider all the possibilities that could happen, just save them on a computer or other electronic device that can be lost or damaged, so make quite a lot of copies. and also storing it in a different place is very likely to reduce the risk. Unfortunately, most people only take preventative steps when an incident occurs so that they experience a loss first and then consider many ways to save it so that it doesn't happen again.
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bayu7adi
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October 20, 2023, 06:31:21 AM |
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[...] if you don't consider all the possibilities that could happen, just save them on a computer or other electronic device that can be lost or damaged, so make quite a lot of copies.
It sounds quite risky and there's a chance that an uncontrolled copy could be exploited by someone who inadvertently gets hold of our seed phrase. The more places we store our seed phrase, the greater the possibility of it being discovered, especially on a computer that's susceptible to viruses or malware. I personally don't recommend using this method. It's better to keep one copy as a cloud-based file that employs specialized techniques to decipher the phrase. Just use a unique technique like a puzzle code that only you can solve. And one physical copy that can be accessed without an internet connection.
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Shishir99
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October 20, 2023, 03:24:32 PM |
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I always tell people - email is not safe to store seed phrases! People have had their email messages snooped without even breaking inside, and others have lost money by trusting Google, Yahoo and Microsoft to keep their messages private!
I know this is not a safe idea. But they can use encryption like PGP to encrypt the seed and send the encrypted message in an email. No one is likely to know what is this. And they can store their other information with such encryption. As long as you have 2FA enabled, I guess it's kinda safe from 3rd party unless the company staff (Google) check those emails. About Hamas killing thousands, I do not support these things. What I like is, when Israel kills Palestanians civilians, Hamas attack them as a reaction. So, I did not like that they attacked first.
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erep
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October 20, 2023, 04:42:32 PM |
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I know this is not a safe idea. But they can use encryption like PGP to encrypt the seed and send the encrypted message in an email. No one is likely to know what is this. And they can store their other information with such encryption. As long as you have 2FA enabled, I guess it's kinda safe from 3rd party unless the company staff (Google) check those emails.
I suggest an additional option to save encrypted files to a new folder extension. rar which is password protected, this effort is to increase the security features of files that cannot be accessed directly if our email has been hacked or there is interference from company staff, hackers have to crack the .rar password then they have to open the phrase file, you have to set a complex password such as a combination of numbers, letters and characters. Each person is responsible for storing Seed phrases/Mnemonics according to their respective techniques based on online or offline, but the best technique for storing offline is as suggested in the previous post, it is recommended to write the phare on laminated paper or print the phare on metal.
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albert0bsd
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October 20, 2023, 04:53:19 PM |
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mnemonics are easy to memorize. I don't see the problem, you can memorize up to 24 words using only 6 sentences, not to say that you only need 3 sentences to memorize a 12 word seed from electrum.
I have also two kind of backup an electronic backup encrypted with GPG and the 24 words written in a way of poem form just to not be too obvious at first sight
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Davidvictorson
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October 20, 2023, 08:24:13 PM |
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Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war. So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?
This is a very sensitive topic. I wished the OP didn't mention Israel and Palestine. We have people from both sides here. If you live in a region that is prone to war and other natural and man-made disasters, you have the responsibility to consider all the possible scenarios and be prepared for it as much as possible. And also have a backup for the backup.
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goaldigger
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October 20, 2023, 08:56:27 PM |
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Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war. So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?
This is sad but you can’t do anything about this once you’ve lost your private keys or phrase that is written on a paper or saves on your computer, its too sad to hear this kind of news but if you are still on a safe place then you can at least start backing up your details and look for alternative option where you can save your details safely. Well, your security and safety are more important and if you are on this situation, make sure to focus on your safety first. Praying for a world peace and I’d hope that this war will end soon.
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el kaka22
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October 20, 2023, 09:05:16 PM |
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Another approach to this could be just having something in your pocket? Like a ledger wallet or even a simple usb? I mean if it is on your keychain for example that means that you are going everywhere with it, you have it on your keychain after all and that means you are going to end up with a good result. If you are shot and at hospital you still have your keychain unless they stole it, or if you are bombed and have to vacate then you can take your keychain with you, if you are anywhere, even if you go to another nation, all of that means keychain will be with you.
A simple usb that goes into your keychain would solve 99.99% of these problems. Only possibility that could make things go wrong would be just the fact that you may get it stolen if you are way into the war itself, and if you are in the war itself where you are fighting against other people then I am sure that bitcoin is the least of your worries, people firing bullets to your head seems a lot worse than losing your coins.
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Furious 7
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October 20, 2023, 09:36:13 PM |
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Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war. So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?
Actually in this case I think the title doesn't really fit the context because after all this is just a condition where we imagine in a war situation and your context is not Israel with Palestine because in the end this is just when your PC is broken or whatever. Answering that is quite obvious when you lose the phrase and can't remember the seed phrase that you have then it is certain that we will lose the access that we have to enter the wallet. This is not referring to war only but in any condition when your PC crashes and your wallet is embedded in it when you lose the seed everything will be lost and cannot be restored.
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icalical
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October 20, 2023, 10:08:28 PM |
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To be honest if I was in the middle of war like in Israel Palestine conflict, I think wouldn't even think about my investment, I would just run and try to survive. But since OP made this discussion, maybe if there is a warning before the actual war break out, I would write my seed phrase put it in a stainless steel tube and then I run out of the country.
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o48o
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October 20, 2023, 11:09:32 PM |
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Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war. So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?
That's one of the reasons i am keeping mine in exchanges. Better security and better backups than i could ever provide. Yeah, sure they get hacked and cexes are against an ideological ethos in here, but frankly i don't care. I am not doing anything illegal so my coins won't be confiscated by any government, i have an instant liquidity ready and don't have to worry losing my private keys. Funny enough, i already lost one paper sheet with all my old account private keys in it. Maybe that lucky finder will get some airdrops later on.
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johnsaributua
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October 20, 2023, 11:33:42 PM |
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it is a fairly confusing condition where there is no other access other than phrase and privatekey to restart with any amount of stored assets, the device is like just a container of course potentially lost, damaged or unable to be filled due to certain conditions.
phrase and privatekey here are worthy of the contents that we can fill in anytime anywhere and however, depending on the wallet we have, I'm talking about the bitcoin network only.
I still store in paper so far, even though the paper condition is still good I can update maybe once a year for my savings wallet during DCA.
Or you can try storing in the cloud if you protect your email a2f, either in google keep or similar notes.
hard media is quite a lot, either iron, wood, decorative stone, canvas or you can screen print/embroider on a piece of handkerchief fabric.
any device you can find in any condition, the most important thing is to keep the privatkey and phrase to enter the wallet you want and you can see and even use if you have an emergency, I hope you are in good condition, this is just an anticipation.
I've experienced in the mobile browser wallet, it's quite easy with the phrase saved for restoration. Even though I didn't know at first and made a new wallet because I didn't want it to happen twice, I backed up what I thought was enough for me to reach it.
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FinneysTrueVision
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October 21, 2023, 04:11:43 AM |
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I always make sure to memorize my mnemonic phrase whenever I create a new wallet. I will repeat the words everyday until they are stuck in my head. If something catastrophic were to happen and all my possessions were to be destroyed I would not lose access to my Bitcoin as long as I don't forget the backup phrase. That's one of the reasons i am keeping mine in exchanges. Better security and better backups than i could ever provide. Yeah, sure they get hacked and cexes are against an ideological ethos in here, but frankly i don't care. I am not doing anything illegal so my coins won't be confiscated by any government, i have an instant liquidity ready and don't have to worry losing my private keys. Funny enough, i already lost one paper sheet with all my old account private keys in it. Maybe that lucky finder will get some airdrops later on.
My Coinbase account was the first wallet that I used. After a while my PC stopped working and I didn't have access to my account for some time. I felt my coins would be safe when I recovered my account. I did eventually regain access but Coinbase had started implementing mandatory KYC and if I had waited a few more months I wouldn't be able to withdraw my funds because I signed up using an alias and it would be impossible to pass KYC. After that I never trusted centralized services. We have also seen what happened with FTX and Celsius. The only way you can ensure the safety of your money is through self custody.
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HONDACD125
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October 21, 2023, 08:13:59 AM |
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To be honest if I was in the middle of war like in Israel Palestine conflict, I think wouldn't even think about my investment, I would just run and try to survive. But since OP made this discussion, maybe if there is a warning before the actual war break out, I would write my seed phrase put it in a stainless steel tube and then I run out of the country.
Of course, whenever a war starts somewhere, the first priority is to save one's life, but it is human nature that he can never leave his investment easily. In war, houses and shops are destroyed, but people try hard to take what they can take with them. If someone has gold, he will try to take as much as he can or keep it somewhere safe,because he has to financially survive himself and his family in the new country or anywhere. So that if the opportunity arose again after the war, he could recover his capital. Your suggestion is also great to write down your seed of phrase and save them to the stainless steel tube, but you have to protect this tube in a better way, because even if the tube is lost, you can lose everything, because moving to a new country and then keeping it safe there will not be easy.
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ultrloa
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October 21, 2023, 08:24:52 AM |
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Have you consider that you lose all your coins because the wallet phrase to your coins and PC burn in a war. So what will you do if you survive after the war to start back your financial struggling and your crypto investment journey. Or can you get the coins back?
This is sad but you can’t do anything about this once you’ve lost your private keys or phrase that is written on a paper or saves on your computer, its too sad to hear this kind of news but if you are still on a safe place then you can at least start backing up your details and look for alternative option where you can save your details safely. Well, your security and safety are more important and if you are on this situation, make sure to focus on your safety first. Praying for a world peace and I’d hope that this war will end soon. We can actually do something to avoid such unfortunate incident to us like storing our keys somewhere else like on offline storage which we can easily carry out once there's a emergency situation happens. But many didn't expect that war will happen since everyone is partying but suddenly this unfortunate things happen as quick as they though. But for me if I am in the middle of the war I will just leave all my belonging since my first priority is my safety and also my family. Will just came back there once situation will be fine and if I can't recover my bitcoin then its fine since as long as we are alive then all is good. Bitcoins can be earn but human life is more important, although its really a huge loss for us but once everything will be fine and war ends we can still earn another volume to hold.
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yhiaali3
Legendary
Online
Activity: 1806
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Fully Regulated Crypto Casino
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October 21, 2023, 08:47:32 AM |
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The first case in which you think about war is if your house is bombed. You and your family will leave immediately without being able to take anything with you. Even if you wrote the seed on a piece of paper or on a piece of stainless steel or something similar, you may not be able to reach it at that terrifying moment. . Because your only concern at that time is to save your life.
So perhaps it is best to keep the piece of paper or steel containing the seed in your pocket at all times, so that it stays with you in case you are suddenly bombed and have to run away without being able to take anything with you.
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KiaKia
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October 21, 2023, 10:39:29 AM |
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Wars don't just break out, there must have been some signs and if you are living in such country you need to get the hell out before it gets worse, I knew some people living in Ukraine before the war began, they evade the country and after the real war on Ukraine started.
This is one of the reasons why emergency money is good, always have this in mind, as your home might become that of a stranger some day, I trust myself in this category as I am not always that lose when it comes to unexpected events, I am the type that always expect the unexpected.
Since you aren't in Israel or other countries that are at war still doesn't mean you should be prepared, as I read someone saying why worry when you are not in such countries, no where is ever safe and there is nothing different between you are people living in such countries, same thing can happen in any country, big or small.
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DrBeer
Legendary
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October 21, 2023, 11:59:17 AM |
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Wars don't just break out, there must have been some signs and if you are living in such country you need to get the hell out before it gets worse, I knew some people living in Ukraine before the war began, they evade the country and after the real war on Ukraine started.
This is one of the reasons why emergency money is good, always have this in mind, as your home might become that of a stranger some day, I trust myself in this category as I am not always that lose when it comes to unexpected events, I am the type that always expect the unexpected.
Since you aren't in Israel or other countries that are at war still doesn't mean you should be prepared, as I read someone saying why worry when you are not in such countries, no where is ever safe and there is nothing different between you are people living in such countries, same thing can happen in any country, big or small.
I don't agree with you. I myself am a citizen of Ukraine, a resident of Kyiv. On February 24, I suggested that my wife leave the city, since there were very high risks of both shelling and the arrival of the country’s troops, an international terrorist, in Kiev (by the way, they even partially entered Kiev in several areas, but were destroyed). My son and I went and signed up for the Kyiv Territorial Defense. Why ? The answer is simple: this is MY country, this is MY city, and if we all “ran away from the war”, both in Kiev and in Ukraine there would already be the so-called “Russian world”, but in fact - a mixture of Nazism and terrorism, i.e. .e. RASHISM. There would have been many millions of civilians killed at the hands of Kremlin Nazism, even more cities and destinies destroyed. Therefore, we MUST defend our land, our country, our family! My wife did not go anywhere, saying that we must go through all this only together. In Ukraine, women also behave courageously and responsibly... Regarding the storage of access data to wallets, I forwarded them to two of my friends whom I trust and who live in other countries (immigrants from Ukraine, but in the 1990s-2000s they moved to live in other countries), leaving the contacts of all family members (phone, various instant messengers, mail , social networks....), in case of unforeseen situations, and loss of contact with me
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