Quote from: ranochigo on November 06, 2015, 02:03:40 AM

Quote from: Parazyd on November 06, 2015, 01:35:32 AM

Quote from: ranochigo on November 06, 2015, 01:23:22 AM

Quote from: Parazyd on November 05, 2015, 10:10:31 PM

Do you guys BIP38 your paper wallets?

I do. BIP38 is a important feature in paper wallets. It protects against theft of your Bitcoin and is relatively hard to crack if you use a strong one. However, you do have to remember the password. The best practice is to write it down and keep it somewhere safe.

It's not safe to write down your passphrase. Then it's like you don't even have it. I rather make and remember my passphrases as a sentence, and I add a few symbol characters. So with a password of 30+ chars it gets uncrackable in my lifetime. Which is OK Cheesy

There are various illness which can cause the loss of memory, you would not be able to remember the passphrase if you do lose your memory. Sad

The attack the paper wallets are most susceptible to is physical theft. The person would have to first get your encrypted private key first before even try to crack it.

Ah, I like to think I'm still young enough not to forget my passphrases Cheesy

And your paper wallet is still not usable to someone who steals it if the key is BIP38-d. So, make a few encrypted backups and you're good to go.