/biz/ - Business & Finance

>>16167378
based and paperpilled

>>15972035
paper wallets are the best.
cheap, highly redundant, secure, immune to all forms of hacking (so long you are just storing).

in a few years you can scan these directly into your coinbase/whatever exchange account if you are pondering on how to move them. but it's not especially hard to set up a clean computer and create a signed transaction offline either if you are uber paranoid.

>>15830983

>>14938184
if you can't post your wallet to 4chan it's not secure

>>14620754
better yet, make it unhackable and so greatly redundant that losing it will never be an issue for free.

>>14592286
this cost me nothing and is more secure more redundant than any gadget can be.

>>14477963
pic related if you can't post your private key on 4chan it's not secure.
and no nobody swiped it i sent it to coinbase then bitmex and now shorting btc with it

I'll start

>>14050699
i post my private keys on 4chan

>>14020943
i have had this wallet up for months here with 0.1 btc.
eventually i got bored and returned the btc to the exchange.

if you can't post your private key on 4chan it's not safe.

>>13873625
Here is a bip38 wallet with bitcoin in
Try crack it

- bip38 wallets with 20+ char passphrase takes over 900 quintillion years for the entire nicehash pool to make a dent on it (secure)
- generate a bunch of wallets from a mint booted live linux on an offline computer restart before going online (private)
- 0.1 btc per wallet for better exposure management when swiping also limits the entirely unlikely singular key collision fallout (divisible)
- multiple locations even if a car sized meteor hits one you are still okay (disaster proof)
- can use a professional trezor service (trustless)
- upload the private keys to a cloud service and one or more online service they are encrypted and nobody can even tall what the addresses are (unconfiscateable)
- it's practically costless unless you count paper and ink as cost and you can be anywhere on the world even on the run, you can access your funds. (free)

>>13820699
>it is not an issue at all if it's locked in a good safe.
please tell me you don't actually think a safe can't be broken into by burglars!
>again mentionning digitally managed paper wallet, you think a physicall safe is less secured than a password protecting software?
definitely. think in terms of time! safe opens within hours with basic power tools maybe a lot less if the guy knows his job and the type of safe. my paper wallet is 900 quintillion years secure. here let me show you (yes i sent the btc back to the exchange, but it sued to be up here for months)
>progress will nullify your digital encryption way before it can nullify the security of a physical safe.
absolutely horrendously wrong. your only chance is if they miss the safe or don't have enough time because they are disturbed. you are placing your trust in things you don't control.

>writing down your seeds and putting it in a safe, is secured.
bad security very fucking bad! i mean sure put it in a safe as opposed to your drawer, but make sure it's 3 safes at 3 locations and you need 2 group to get the whole seed at the very least!

Coinbase Earn is now open for users outside the US. Use

https://coinbase.com
/earn/xlm/invite/zpt2knc7

to earn your free $50 USD frens

and this is my final argument
this wallet is all yours if you have 900 quintillion years with the total hashing power of nicehash
the cost of the attack is more than all the wealth ever in existence past and future included. even with a quantum computer of sufficient size (fuck expensive even in the far future) it would take longer than how long the universe exists.

as opposed to hardware wallets where depending on the security model and sepcifics the cost of an attack could be as low as $100 the security model is unclear and full of questions. but we can still put a few thousand dollars cap on the cost of an attack on the secure element chip worst case.

please for fucks sake, do not use hardware wallets as cold storage! use them as your monthly budget hot wallet sure why not?

>>13668806
you just compromised my wallet now what?
>>13668810
>You're not tied into the hardware at all.
then why pay for it?

>>13608212
this! try to confiscate pic related assholes!

>>13550035
>What does Bitcoin actually do?
it's the only trustless permissionless publicly auditable ledger that is secure. it's also a unit of account a medium of exchange and a store of value that is easily transacted and can be securely stored at virtually no cost.

>>13466108
pills are for faggots
do not put more money into crypto you are willing to lose but cashing out is stupid as fuck. at least keep 1 btc in highly redundant and encrypted cold storage!

bip38 paper wallets are absolutely the best option keep copies at 3 different locations use passwords at least 20 characters long this results in the entire nicehash pool having to take more than 866 quintillion years to even try to put a dent on it. you can fucking post your wallet on 4chan or keep them in a cloud or your google mail aside from having physical copies.
(you don't actually have to publish your address tho that's not actually good practice)

>>13449208
oh never

>>13415903
daily reminder that this picture gonna be worth $1 million within 10 years
do not fucking sell until you are ready to retire!

>>13386055
technically correct. but also anyone can steal unencrypted pks so it's just moving the goalpost.

>>13372074
i use btc to troll (and hopefully educate) people every day