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/biz/ - Business & Finance

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22296817 No.22296817 [Reply] [Original]

Been storing my holdings on a paper wallet , any of you fags have experience with this and know if it’s any good?

>> No.22296832

>>22296817
ledgers are for reddit. biz uses ngrave

>> No.22296881

Dogtags with simple (as in you can solve it with pen and paper) password based encrypted 12 word seed phrase engraved master race.

>> No.22296944

>>22296817
Basically the safest option besides cold storage. As long as you aren't retarded and get one of those "scratch here for your seed words" scam ones.

>> No.22297227
File: 17 KB, 1010x254, MyCrypto.png [View same] [iqdb] [saucenao] [google]
22297227

>>22296817
one malicious firmware update and it's fully compromised. use MyCrypto with an airgrapped computer and store the wallets on encrypted USB drives instead.

>> No.22297304

>>22296817
I think they are a net positive for absolute brainlets who use Windows 10 and browse tranny porn on the same machine with javascript enabled.

>> No.22297338

>>22296817
How many fucking times
Holy fuck
Its a fucking scam for blockchain literates
Learn how easy it is to make your own hardware wallet with only a usb drive or a micro sd card

>> No.22297749

>>22297338
It would be to hard use in real life. I use ledger for one simple reason - it let's me interact with crypto safely. Yes, you could store your private key in a USB. Yes, you could use a paper wallet. Yes, you could memorise your seed. But all of these would make it impossible to use your crypto safely.

>> No.22297913

>>22296817
no just store it in a smart contract

>discord gg/WtYAWX

>> No.22298015

>>22297338
>Hey, uncle Joe, just make your own hardware wallet! Are you stupid, or something? Lel.

This is adoption.

>>22296817
Ledger is a solid investment. If you have any skin in the game, and want your shit to be hassle-free, this is the way to go.

>> No.22298883

>>22298015
https://wallet.fail/wallets/nanos/firmware-f00dbabe/

>> No.22298892

Where does atomic wallet fall in this?

>> No.22298922

>>22296817
major advantage of a trezor is the built in capability of using shamir secret sharing. basically what this does is if you were to forget your pin, lose your trezor, or have it destroyed, you have minimum threshold of secrets needed to recreate the key. for instance a 3 of 4 scheme. the nice part is unless you have you the required # secrets to complete the scheme, the individual secrets reveal nothing about the other secrets, this is an advantage to say just splitting a 24 word secret into 4 parts. once one part is found the security is reduced.

so now you can store these secrets in otherwise unsecure places like on the cloud or somewhere more public.

Trezor also lets you use a 25th passphrase so even if all these secrets were compromised, a 25th word or phrase which only is in your head can still protect your keys. you can also set up fake wallets with only part of your stash to protect against a $5 hammer attack.

>> No.22298925

>>22298883
Why would anyone with an ounce of brain willingly download and install malicious malware that comes from 3rd party sources?

>> No.22298963

>>22298922
biz does not deserve this btw

>> No.22299124

>>22297338
the point of it is your private keys never get exposed directly to your computer that is connected to the internet. You need custom hardware to do this, not just a storage device

>> No.22299268
File: 320 KB, 2364x1330, kaiji.jpg [View same] [iqdb] [saucenao] [google]
22299268

>>22296817
I made 10 eth recently from uniswap due to the accessibility of my eth funds using a ledger. It's so esay to interact with metamask and uniswap due to having one of these. Any idiot on biz that tells you to use paper wallet when they are literally the same thing is a retard.

>> No.22299756

>>22296817
I own like 7 of them, never had a problem with it.

>> No.22299840

>>22298963
>>22298922
Outdated garbage

>> No.22299880

Personally, and I feel Im admiting too much. I put my .json on a usb and put that in a safe

>> No.22299920

>>22298925
someone in the company could modify an update, it happens

>> No.22299937

>>22296817
nigga some rando could just hop on ur pc metamask to retrieve seed
or just send all funds somewhere if wallet is unlocked,
seed never touches web with hardware wallet

>> No.22299968

>>22299840
>provides no proof.

>> No.22299977

>>22299920
Just to face criminal charges and years in jail? Unlikely.

>> No.22299987

>>22299968
>What is google
Dyor faggot >>22296832

>> No.22300006

>>22299920
Crypto can be hard. You can self pwn yourself by being too secure by thinking youll keep a passowrd in your head and forgeting it etc. Or you could write the seed down in too many places and someone could find it, Risk managment is 50% of this game, most dont seem to know it.

>> No.22300013

>>22297338
brainlet

>> No.22300032

>>22296817
imagine dropping ur phong
imagine not having a password on trust wallet
imagine nigga stealing all ur funds

>> No.22300158

>>22299987
>ngrave
there is nothing special about ngrave unless you want to split hairs.

>> No.22300214

>>22296817
not worth it if you compare it to a paper wallet for cold store no.

>> No.22300253

How is ledger with android? I only have an aged ThinkPad with linux that I rarely use and do most stuff from a phone these days. I looked at reviews of the associated wallet app thing for a nano and it seemed negative for non windows versions.

>> No.22300337

anyone store their paper wallet in a safe outside their home?

>> No.22300338

>>22300253
wtf a phone?! no dude, you take it somewhere and lose it, someone takes it, just no.

>> No.22300340

For the vast majority of people, Ledgers are king. So easy to manage, very secure and streamlined with Metamask to make it easy to transfer your tokens.

I get the concern about hacks but Metamask won't even let a transaction go through without the hardware plugged in.

I looked into the encrypted USB thing but it seemed like a whole load of hoops to jump through to basically do the same thing a Ledger does.

Every storage method has a risk to it - store your seed in a few places, minimise risk

>> No.22300370

>>22296817

Use a fucking paper you monkey retard

>> No.22300394

>>22299124
Yep. This. Mine works fine. Worried about malicious exploits? Don't update your firmware till you are sure.

>> No.22300426

>>22300394
if it aint broke dont fix it

>> No.22300442
File: 85 KB, 1280x720, 1599503342833.jpg [View same] [iqdb] [saucenao] [google]
22300442

>>22300394
Also there are people in this thread right now who are worried about exploits but use windows 10 on a daily basis

>> No.22300580

>>22296817
I'm scared that if I get one of these it will fail just like any USB and I'll lose all of my coins.

>> No.22300610

>>22300580
That's why you should get a Trezor and lock in your Bitcoin price. I locked mine in at $19,500.

>> No.22300621

>>22300580
You write down your seed phrase.

>> No.22300657

>>22300338
As I understand it, the phone isn't going to be a threat unless someone also gets the nano, and if they get the pin wrong 3 it gets wiped, and I'll just have to restore from the seed phrase. I suppose phones get stolen more, but it's not like laptops are never stolen either.

>> No.22300737

>>22300657
well as long as your seed phrase is secure and not just in a book or something

>> No.22300821

>>22300610
What does locking in your price do exactly?
Prices change all the time

>> No.22300858

>>22300657
I lost 1 bitcoin that I had on my phone back in 2014

>> No.22300970

>>22300737
I had it tattooed on my penis. Painful, but worth it.

>> No.22300990

>>22300158
I want to split hairs. That's the fucking point, if you don't want to then you're better off with electrum on an airgapped computer.

>> No.22301353

Guys i'm still quite a newfag and got a question: i got my seed phrase from electrum wallet. But i don't quite get that. This isn't the private key of btc? So i'm still dependant to have electrum in the end when i only got the seed? Or is the seed also universal for btc like the private key? What if there is no more electrum in 20years?

>> No.22301412

>>22296817
just helps me hodl because it sits in a closet with my BTC ETH LINK trinity and I never even think about selling. I trade more actively with newer coins on metamask/coinbase/binance/misc hot wallets etc..

>> No.22301426

>>22300970
so your tattooist has your corn now?

>> No.22301724

No, its a piece of shit anon.

The input is flimsy as hell and if that doesn't work you cant access your funds. It'll also completely brick itself if you try troubleshoot (enter USB in and out too many times).

Fuck ledger and fuck jannies.

>> No.22302188
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22302188

I can't take my LINK out of my Trezor, keep getting "Error Transaction not found". Am I fucked?

>> No.22302267

>>22301724
>>22302188
Ordinary Usb stick and electrum is looking tempting again.

>> No.22302312

>>22300821
Let's you sell at the rate you locked at

>> No.22302373
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22302373

I inscribe my cryptos onto stone tablets which I keep in a fire-proof gun safe at the bottom of my septic tank.

>> No.22302506

>>22296817
I've heard a story someone bought one of these on ebay and all his coins were stolen because previous owner modified it in some way.

>> No.22302750

>>22302312
That sounds like horseshit

>> No.22303011

>>22301724
Does anyone else also have an issue with the right button of the nano x being a gummy piece of shit too? It's unresponsive and jams pretty frequently

>> No.22303090

>>22297338
lmao you are really retarded if thats what you think a hardware wallet does