Bibop
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August 31, 2014, 09:32:26 PM |
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Only a cold wallet in my house. cant imagine anywhere safer.
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redsn0w
Legendary
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Activity: 1778
Merit: 1043
#Free market
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August 31, 2014, 10:23:02 PM |
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The ideo of the grain of rice is fantastic xD , but if are you hungry what do you do ? Eat the rice ? Or what .... .
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gonnafly
Jr. Member
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Activity: 53
Merit: 12
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September 05, 2014, 12:42:11 PM |
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
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bitnoteblock
Newbie
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Activity: 25
Merit: 0
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September 05, 2014, 12:50:38 PM |
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I would not store 100 btc, I'm not sure about their future so I would sell them all and buy gold with the money.
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CokeCoin
Member
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Activity: 235
Merit: 10
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September 05, 2014, 01:18:38 PM |
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
Not a huge number since most of the people giving "good" advice in this thread aren't holding more than a couple coins.
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GTA
Member
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Activity: 90
Merit: 10
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September 05, 2014, 01:49:03 PM |
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
Not a huge number since most of the people giving "good" advice in this thread aren't holding more than a couple coins. Not a single person saying "Well, I printed my thingy onto a metal wallet and then I bought a safe." I think we're just securing a bit of money, not trying to trick Danny Ocean and his band of misfits.
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ChuckBuck
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September 05, 2014, 01:54:33 PM |
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5 x 20 BTC paper wallets, into a bank safety deposit box that only me and my significant other have access to. 5 x 20 BTC wallet.dats on 5 USB sticks in my home safe that only me and my significant other know the combination. Done.
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Summer,69
Newbie
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Activity: 50
Merit: 0
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September 05, 2014, 02:17:49 PM |
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
Not a huge number since most of the people giving "good" advice in this thread aren't holding more than a couple coins. Not a single person saying "Well, I printed my thingy onto a metal wallet and then I bought a safe." I think we're just securing a bit of money, not trying to trick Danny Ocean and his band of misfits. I printed mine out on multiple paper wallets. I didn't want to have the entire block of coins all on one address. The reason for this, in my mind, was that when I want to spend some, I wouldn't have to sweep the entire sum, then re-distribute once again. I have 3BTC here, 2BTC there, 1BTC there, there, there...you get the idea. It's a little more work, but if you're storing one somewhere, then why not store 5, or 6, or 12 paper wallets? I have multiple copies of each wallet, paper and digital, and I have the passphrase in my head, (plus encrypted on USB that my wife can figure out if need be). I've also left detailed directions for her on how to de-crypt the private key once she has the passphrase (including the link to my post where I freaked out when first trying to access the private key).
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QuestionAuthority
Legendary
Offline
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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September 05, 2014, 04:01:30 PM |
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
Not a huge number since most of the people giving "good" advice in this thread aren't holding more than a couple coins. Not a single person saying "Well, I printed my thingy onto a metal wallet and then I bought a safe." I think we're just securing a bit of money, not trying to trick Danny Ocean and his band of misfits. I printed mine out on multiple paper wallets. I didn't want to have the entire block of coins all on one address. The reason for this, in my mind, was that when I want to spend some, I wouldn't have to sweep the entire sum, then re-distribute once again. I have 3BTC here, 2BTC there, 1BTC there, there, there...you get the idea. It's a little more work, but if you're storing one somewhere, then why not store 5, or 6, or 12 paper wallets? I have multiple copies of each wallet, paper and digital, and I have the passphrase in my head, (plus encrypted on USB that my wife can figure out if need be). I've also left detailed directions for her on how to de-crypt the private key once she has the passphrase (including the link to my post where I freaked out when first trying to access the private key). That's a good plan and almost exactly what I did.
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MoonTime
Member
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Activity: 96
Merit: 10
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September 05, 2014, 04:10:08 PM |
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I will store more than 100 bitcoins only on an offline wallet or cold wallet. I wouldn't keep that much amount on a online wallet.
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Fearless
Member
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Activity: 89
Merit: 10
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September 05, 2014, 06:40:45 PM |
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I wouldn't keep such a high amount of bitcoins in only one wallet, possibly distribute it into 20+ wallets, all of which will be cold.
I also wouldn't mind having a paid antivirus program.
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25hashcoin
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September 05, 2014, 10:29:33 PM |
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I also wouldn't mind having a paid antivirus program.
Lol...
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Bitcoin - Peer to Peer Electronic CASH
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master-P
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September 06, 2014, 04:51:02 AM |
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
Not a huge number since most of the people giving "good" advice in this thread aren't holding more than a couple coins. Not a single person saying "Well, I printed my thingy onto a metal wallet and then I bought a safe." I think we're just securing a bit of money, not trying to trick Danny Ocean and his band of misfits. I printed mine out on multiple paper wallets. I didn't want to have the entire block of coins all on one address. The reason for this, in my mind, was that when I want to spend some, I wouldn't have to sweep the entire sum, then re-distribute once again. I have 3BTC here, 2BTC there, 1BTC there, there, there...you get the idea. It's a little more work, but if you're storing one somewhere, then why not store 5, or 6, or 12 paper wallets? I have multiple copies of each wallet, paper and digital, and I have the passphrase in my head, (plus encrypted on USB that my wife can figure out if need be). I've also left detailed directions for her on how to de-crypt the private key once she has the passphrase (including the link to my post where I freaked out when first trying to access the private key). If you used some kind of wallet service (either a web wallet or a software wallet) then the wallet would simply send the amount you do not spend to your change address, so you would still have access to the rest of your money.
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dankkk
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September 06, 2014, 08:08:47 AM |
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
Not a huge number since most of the people giving "good" advice in this thread aren't holding more than a couple coins. Not a single person saying "Well, I printed my thingy onto a metal wallet and then I bought a safe." I think we're just securing a bit of money, not trying to trick Danny Ocean and his band of misfits. I printed mine out on multiple paper wallets. I didn't want to have the entire block of coins all on one address. The reason for this, in my mind, was that when I want to spend some, I wouldn't have to sweep the entire sum, then re-distribute once again. I have 3BTC here, 2BTC there, 1BTC there, there, there...you get the idea. It's a little more work, but if you're storing one somewhere, then why not store 5, or 6, or 12 paper wallets? I have multiple copies of each wallet, paper and digital, and I have the passphrase in my head, (plus encrypted on USB that my wife can figure out if need be). I've also left detailed directions for her on how to de-crypt the private key once she has the passphrase (including the link to my post where I freaked out when first trying to access the private key). This sounds like a complicated process to me. More so then it should be for storing (and using) your money. I like the idea of having multiple backups of your wallet, but not so much keeping various wallets with different amounts on each one.
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Tyrkul
Newbie
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Activity: 5
Merit: 0
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September 06, 2014, 09:09:59 AM |
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How about storing your private key on the blockchain? Encrypted of coarse.
If you want to store bitcoin for someone 9 generations down.
How else would you store your bitcoins for 10k years?
Companies, clouds, hardrives can disintegrate but the blockchain will always be there.
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hhanh00
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September 06, 2014, 09:20:48 AM |
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How about storing your private key on the blockchain? Encrypted of coarse.
If you want to store bitcoin for someone 9 generations down.
How else would you store your bitcoins for 10k years?
Companies, clouds, hardrives can disintegrate but the blockchain will always be there.
Where would you store the decryption key?
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Sheldor333
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September 06, 2014, 10:03:41 AM |
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Well if I had that many I would definitely store them offline. Probably but a Raspberry pie and get them on there. Also I would put them on a few of those, just in case.
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polunna
Newbie
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Activity: 57
Merit: 0
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September 06, 2014, 10:47:39 AM |
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
Think of it is a service to you. They are making your coins more valuable.
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bambino
Member
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Activity: 111
Merit: 10
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September 06, 2014, 11:12:19 AM |
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TIL a huge number of cold storage coins held by bitcoiners will be lost forever on their death.
My whole family knows vaguely how to get them. I'm sure upon my death they'll do the necessary googling.
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BeeTeeSea
Member
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Activity: 70
Merit: 10
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September 06, 2014, 03:53:51 PM |
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In a encrypted HD, with tons of backups.
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