And I also pointed out how having multiple copies of encrypted keys spread about the place in emails and on physical media leaves evidence behind that there is something hidden... whereas dummy wallets from seeds/passphrases do not. There is no evidence of anything existing other than the default wallet from the seed. You keep talking about being able to implementing a similar system using your method... but then just imply that I am unintelligent because I don't know how to do it... so would you care to enlighten us? I'm actually genuinely interested.
You will know the answer from within if you ask yourself what you should do if there is no other way other than to digitally-encrypt the keys.
To leave evidence behind is a choice, in which nobody has to make. Just ask yourself, since you have 100% control, what are the steps you should do to cover the evidence, your heart will point the way.
And you are assuming hackers and kidnappers will be ignorant of dummy wallets.
I know what change addresses are used for and how they work... but I'm not sure why you think that hardware wallets only contain "a bunch of change addresses that reshuffle your .. btc with every transaction".
If I have 20x 5 BTC inputs in my hardware wallet and I spend 5 BTC like in your example... how are the rest of my 19 inputs being reshuffled?
A fraction of the 5 btc not fully spent will be sent to some of the 19 addresses, in which I will know they are associated with you. Shouldn't this be obvious? Shouldn't you know this already?
You seem to be failing to grasp that I am not debating whether or not your system works... I've never once claimed that your system doesn't work... What I'm pointing out is that it is NOT 100% secure as you seem to believe... and that it is NOT 100% trustless (as currently implemented) and... in my opinion it is NOT better than a hardware wallet for the reasons I have explained.
Only because you need to trust WinRar. Now, tell me. How do you go about securing your hardware wallet seeds/mnemonics/passphrases? Don't tell me you leave them in the open, visually available for all to see. Surely you may not have a dog that may eat the stuff up. Or a fire-proof/flood-proof house. The moment you try securing them, the issue that you start to face is the EXACT same issue when trying to digitally-secure the private keys directly. Hardware wallets are offering you "Step 1-Step 2-Step 3" for cold storage. I am offering you "Step 1-Step 2" for the same cold storage with added advantages.
You mean where I have repeatedly stated that NO METHOD is 100% safe?? Unlike you and your magical "100% secure" method... subjectivity much?
Well, on 2nd thought, I guess nothing is safe. Or else there would be no Matthew 6:19-21.
You claimed that a 24 word seed is easier to brute force than your 20+ alphanumeric+symbol password... I'm simply pointing out that you are incorrect and that seeds are in fact a lot stronger than a standard password. The maths already proves the case. But maybe you can just tell me what the seed is to my wallet and rest the case?
I guess that seed is much harder to brute force than my 20+ alphanumeric + symbol. But so what? I suppose you have a 100% fail-safe brain with super memory. Without such brain, how will you secure the seeds, that is the question I have for you.
Seriously? Now you want to make this a theological debate? According to those verses... you shouldn't even be using cold storage...
I am using cold storage to delay any attempt of thievery. It's like making myself a much harder target than the next guy beside me. The cold storage will not help because someday bitcoin and the rest will all die. I rather have my cryptos die on that same day/moment than way much earlier, thus the cold storage.
You will know the answer from within if you ask yourself what you should do if there is no other way other than to digitally-encrypt the keys.
To leave evidence behind is a choice, in which nobody has to make. Just ask yourself, since you have 100% control, what are the steps you should do to cover the evidence, your heart will point the way.
And you are assuming hackers and kidnappers will be ignorant of dummy wallets.
I know what change addresses are used for and how they work... but I'm not sure why you think that hardware wallets only contain "a bunch of change addresses that reshuffle your .. btc with every transaction".
If I have 20x 5 BTC inputs in my hardware wallet and I spend 5 BTC like in your example... how are the rest of my 19 inputs being reshuffled?
A fraction of the 5 btc not fully spent will be sent to some of the 19 addresses, in which I will know they are associated with you. Shouldn't this be obvious? Shouldn't you know this already?
You seem to be failing to grasp that I am not debating whether or not your system works... I've never once claimed that your system doesn't work... What I'm pointing out is that it is NOT 100% secure as you seem to believe... and that it is NOT 100% trustless (as currently implemented) and... in my opinion it is NOT better than a hardware wallet for the reasons I have explained.
Only because you need to trust WinRar. Now, tell me. How do you go about securing your hardware wallet seeds/mnemonics/passphrases? Don't tell me you leave them in the open, visually available for all to see. Surely you may not have a dog that may eat the stuff up. Or a fire-proof/flood-proof house. The moment you try securing them, the issue that you start to face is the EXACT same issue when trying to digitally-secure the private keys directly. Hardware wallets are offering you "Step 1-Step 2-Step 3" for cold storage. I am offering you "Step 1-Step 2" for the same cold storage with added advantages.
You mean where I have repeatedly stated that NO METHOD is 100% safe?? Unlike you and your magical "100% secure" method... subjectivity much?
Well, on 2nd thought, I guess nothing is safe. Or else there would be no Matthew 6:19-21.
I would like to send you a file encrypted with my method and see if you can actually hack it to rest the case.
Why? I'm not a hacker... I never claimed to be. You claimed that a 24 word seed is easier to brute force than your 20+ alphanumeric+symbol password... I'm simply pointing out that you are incorrect and that seeds are in fact a lot stronger than a standard password. The maths already proves the case. But maybe you can just tell me what the seed is to my wallet and rest the case?
I guess that seed is much harder to brute force than my 20+ alphanumeric + symbol. But so what? I suppose you have a 100% fail-safe brain with super memory. Without such brain, how will you secure the seeds, that is the question I have for you.
Seriously? Now you want to make this a theological debate? According to those verses... you shouldn't even be using cold storage...
I am using cold storage to delay any attempt of thievery. It's like making myself a much harder target than the next guy beside me. The cold storage will not help because someday bitcoin and the rest will all die. I rather have my cryptos die on that same day/moment than way much earlier, thus the cold storage.