You seem to have the assumption that all hackers and kidnappers are evil and sadistic enough to keep beating people for the hell of it... just in case you have more money. My point is that with a hardware wallet, there is no actual evidence anywhere how many wallets a person happens to have. They simply don't exist until a passphrase is entered...
However, if an attacker happens to find 20 items in my email account that are all encrypted... what do you think they're going to do if i stop at #1 and say I have nothing else? Perhaps they'll just ignore items 2 through 19?
I believe the assumption comes from you, as you are the one to mention the $5 wrench attack.
And yes, humans are naturally cruel, so the situation where they beat you until your skull cracks is a possibility.
And you are starting to contradict your own argument. Your argument is bullshit.
How in the world will an attacker find 20 items (or more, or nothing) in my email?
Care to clarify, instead of making things up? I am sincerely interested to know.
They're ALL able to be regenerated from a simple 12/24 word seed... unlike a bunch of randomly generated keys... ie. one of the main reasons for BIP32 existing in the first place. I can create a thousand addresses... and then have my computer explode into a million pieces... and drop my hardware wallet into the toilet and then microwave it... and you know what? I can recover all of them... I don't even need the hardware wallet to do it.
That's not even the point, you silly.
And just because you can generate infinite keys doesn't mean that is the best option. Nor is that a good argument in favor of hardware wallet.
I wonder why are you even bringing this stupid point up, since it is neither relevant nor practical. Your argument is bullshit.
And oh, pray tell how are you going to recover all of them. And what are you going to do after the recovery? Store them in paper wallet? LOL
You will still have to buy a new hardware wallet. Hardware wallet companies are successful thanks to customers like you.
Exactly... I can just triple encrypt them and put them in my email, on USB thumbdrive, written down on a piece of paper in my favourite book between pages 57/58, stored on the cloud, stored in a bank vault...
You are clearly a troublemaker.
I am a person that will say a ball is round.
You will be a scum that will appear out of nowhere and say "No, a ball is circular."
But good for you. At least now you are beginning to see some of my points.
Here's a good advice for you: Don't encrypt the seeds. Encrypt the keys directly instead.
And do whatever you want with the encryption... put them in email, on USB, store on the cloud, in a bank vault...
But NO, you bullshit. Write NOT on a piece of paper or else you are talking paper wallet.
Ummm no... why wouldn't I just have 20 receive addresses? You really don't seem to understand how Hierarchical Deterministic wallets actually work.
That's not even the point, you silly. Duh, I never even say you must not have 20 addresses.
As I just mentioned above, I can just store it digitally encrypted if I so choose. I am then protected from exposure by the use of dummy wallets. The dummy wallet facility DOES give me the security of ensuring that an attacker can only have confidence of 1 wallet, the default wallet generated from the seed and no passphrase. While they may know how dummy wallets work and may suspect I have hidden wallets, there is nothing they can do to actually prove their existence, regardless of how much they hit my loved ones or me. Unlike having a whole bunch of digitally encrypted items laying around in my email and on thumb drives etc. Do you see the difference? I have plausible deniability because there is no proof of anything existing other than my seed.
I suggest you read my article over and over again repeatedly until you understand. Once you understand, you will know the answer.
At which point all your security is also 0. You're going to just import your keys into a desktop wallet? Oh that's right... 2nd computer offline... oh wait... how much did that second computer cost again? You're doing well if you found one for less than the price of a hw wallet...
Prove to me that my security is 0.
I don't want to go down to such lowlife level by saying hardware wallet security is 0 because it is not.
So when you say my method is 0, you are actually spreading disinformation that only a lowlife would do.
Any person care enough to make it secure, can make it extremely secure.
I also never said hardware wallets were compulsory for spending. I said they offer security without compromising convenience.
If I need to move some coins, I can plug the wallet in, sign the transaction, and then broadcast. I don't need to get my encrypted file, decrypt it, transfer an unsigned transaction to offline machine (better make sure that USB stick is clean)... sign transaction... back to online machine and broadcast. And the make sure I've destroyed all evidence of the key on the offline machine... Also, I've found that carrying a 2nd computer with me while travelling is a bit of a nuisance with the limited baggage allowances that airlines give these days
Nonsense. My article is for cold storage. Not for spending. Your argument is invalid.
And of course, a hardware wallet is NOT compulsory for spending. Even desktop wallet can do the job well.
Good for you that you see some light of day.
"Without a single credit"?? I've mentioned on multiple occasions, that your method is a viable alternative to hardware wallets... I just don't think it is as secure as you believe it to be (a point you eventually conceded) nor as useful overall as a hardware wallet for the reasons I've outlined... and I certainly never said it was useless.
I never conceded. You are talking nonsense. My method is better than both hardware and paper wallets combined for cold storage.
I don't need your belief to make it possible. You are talking nonsense. I never said it is for spending.
Please read my article over and over again repeatedly until you understand.
Okay, so you mean to say my method is useful and viable. Good for you.
Like I have said it clearly, no, it is not the same.
Let me repeat it here for your eyes to see...
Let me say it again. My method is superior to hardware and paper wallets combined for cold storage.
A viable alternative? Not better than hardware wallet? But as good/comparable as a hardware wallet?
Well, I am proud that a Dorky fella like me can think of a cheap way for cold storage comparable to a hardware wallet, but better.
There is big difference, as you keep failing to see.
But I will not point that out for you to see, because if you have to come to this stage of argument it proves you can never see.
How can they? There is no proof. No evidence of how many wallets I have. I could 1 or I could have 10000000. They don't know because there is no tangible evidence of anything past the seed existing, unlike having a series of encrypted items on disk or in email etc. that are visible.
Nonsense. There is also no evidence of how many wallets I have. I could have 20 or 100 or 0. They don't know because there is no tangible evidence that an encrypted folder will contain any key inside. It could even be empty.
Bullshit. Encrypted items on disk or email is not visible. You are making fake stories up. I am going to hold your balls on this.
I never said it wasn't a 3rd party security risk... you claimed your method was better than hw wallet as it didn't rely on a 3rd party... but clearly it does rely on 3rd parties... unless you've gone ahead and written yourself an OS and some encryption software from scratch... I've been trying to point out, since I made the mistake of offending your ego, that NO method is 100% safe. There is always risk.
You are playing it safe by saying no method is 100% safe. Thus you can be a fence-sitter and argue in anyway you like, be it in favor or against it.
I can guarantee if I write an opposite article saying hardware wallet is the best choice, you would take the liberty to argue why I am wrong too.
Pretty sure that there aren't any laws saying that 12/24 word seeds can't be stored in multiple places using multiple methods... but then legal systems around the world can be kinda crazy... so you never know. I'm also fairly sure that the hw wallet manufacturers don't limit purchases to 1 per person... Trezor sells 3 packs if I'm not mistaken.
You are clearly a very very stupid person.
Why would you want to encrypt your seeds when you can encrypt the keys direct?
You are now shooting yourself in the foot.
You are being stupid by encrypting the seeds that unlock the keys...
Instead of being smart and just encrypt the keys direct.
All the "vulnerabilities" that you claim my method has, is exactly as applicable as on your seed-encryption.
But you will say my method is the same as hardware wallet. In which I will continue to say, no, it's not the same.
But then you will be a smart ass and say hackers will see all the keys in the encrypted file. I say bullshit to you.
Trezor sells 3 packs... and there goes your stupid argument of spending $100... as now you need to spend $300 instead.
You are a bullshit.
Feel free to show where I have said that seeds don't need to be securely backed up somewhere...
Whether you are a hypocrite or otherwise, doesn't discredit the fact that you are arguing for a very very stupid point.
Your effort is on encrypting the seeds that generate the keys. My method is on encrypting the keys directly.
You can argue why my method is visible to everyone. And at the same time you may argue your encryption is totally hidden.
For that, I say you are a bullshit.
Obviously people are spending cryptocurrencies every day without using hardware wallets... I never said they were required to spend. I stated they offer a level of convenience without sacrificing security, which I believe your method does not.
Bullshit.
Please go read my article over and over again repeatedly until you understand. The title of my article says it clearly.
Have the courtesy to compare apple to apple. Don't compare apple to orange. My title clearly stated it is for cold storage.
How many times do I have to repeat this to a stupid fella like you? FOR COLD STORAGE, you dumb nut.
No solution for what exactly? How to store bitcoins securely while maintaining convenience? I thought that my solution would be fairly obvious... use a hardware wallet. In my opinion it offers the same level of security in some areas (securing seed), more in others (spending and dummy wallets) and is more convenient (portability, spending)... arguably it could be considered cheaper too, as a hw wallet is cheaper than a 2nd computer for spending or setting it all up offline.
Bullshit.
A hardware wallet does NOT secure the seeds. You are making things up.
You are a hypocrite.
At least I am objective to say that for spending, a hardware wallet is an option.
Unlike you, where you now clearly show your hypocrisy by saying the solution is to use hardware wallet.
Why no desktop wallet? Why no mobile wallet? You are a hypocrite.
Nonsense. A 2nd computer can be used for other offline work as well as for other work related to security that requires it to be offline.
And the purchase is just for one time.
You need to buy a new hardware wallet every time it breaks.
Oh, you don't need to buy a new one? You just use some source code and derive the keys?
Oh, pray tell how are you now going to secure the keys and spend the btc in it after the hardware breaks? LOL
I know what you will do. You will either turn the recovery into paper wallet (your dog forbids), or buy a new hardware wallet.
For this, I say you are a bullshit.
While we're talking about solutions... I'm still waiting to hear how you propose to leave no evidence of multiple encrypted addresses in your email or on your thumbdrive etc and/or how you would implement a dummy wallet solution with your method.
Telling me I'm not creative enough to see it or that "my heart will point the way" doesn't really explain it... and is the sort of answer people resort to when they don't actually have a solution either. Despite what you think, I am genuinely interested in possible solutions to these issues...
Being honest is no use to you. You make things up to argue your points.
You accuse my encryption is visible. If my encryption is visible, then so is your encrypted seeds.
My article is clearly written. Please go read my article over and over again until you understand.
You are not genuine in possible solutions. You are genuine in finding argument for the sake of arguing.
My article stated the solution. Go read it over and over again until you understand.
However, if an attacker happens to find 20 items in my email account that are all encrypted... what do you think they're going to do if i stop at #1 and say I have nothing else? Perhaps they'll just ignore items 2 through 19?
I believe the assumption comes from you, as you are the one to mention the $5 wrench attack.
And yes, humans are naturally cruel, so the situation where they beat you until your skull cracks is a possibility.
And you are starting to contradict your own argument. Your argument is bullshit.
How in the world will an attacker find 20 items (or more, or nothing) in my email?
Care to clarify, instead of making things up? I am sincerely interested to know.
They're ALL able to be regenerated from a simple 12/24 word seed... unlike a bunch of randomly generated keys... ie. one of the main reasons for BIP32 existing in the first place. I can create a thousand addresses... and then have my computer explode into a million pieces... and drop my hardware wallet into the toilet and then microwave it... and you know what? I can recover all of them... I don't even need the hardware wallet to do it.
That's not even the point, you silly.
And just because you can generate infinite keys doesn't mean that is the best option. Nor is that a good argument in favor of hardware wallet.
I wonder why are you even bringing this stupid point up, since it is neither relevant nor practical. Your argument is bullshit.
And oh, pray tell how are you going to recover all of them. And what are you going to do after the recovery? Store them in paper wallet? LOL
You will still have to buy a new hardware wallet. Hardware wallet companies are successful thanks to customers like you.
Exactly... I can just triple encrypt them and put them in my email, on USB thumbdrive, written down on a piece of paper in my favourite book between pages 57/58, stored on the cloud, stored in a bank vault...
You are clearly a troublemaker.
I am a person that will say a ball is round.
You will be a scum that will appear out of nowhere and say "No, a ball is circular."
But good for you. At least now you are beginning to see some of my points.
Here's a good advice for you: Don't encrypt the seeds. Encrypt the keys directly instead.
And do whatever you want with the encryption... put them in email, on USB, store on the cloud, in a bank vault...
But NO, you bullshit. Write NOT on a piece of paper or else you are talking paper wallet.
Ummm no... why wouldn't I just have 20 receive addresses? You really don't seem to understand how Hierarchical Deterministic wallets actually work.
That's not even the point, you silly. Duh, I never even say you must not have 20 addresses.
As I just mentioned above, I can just store it digitally encrypted if I so choose. I am then protected from exposure by the use of dummy wallets. The dummy wallet facility DOES give me the security of ensuring that an attacker can only have confidence of 1 wallet, the default wallet generated from the seed and no passphrase. While they may know how dummy wallets work and may suspect I have hidden wallets, there is nothing they can do to actually prove their existence, regardless of how much they hit my loved ones or me. Unlike having a whole bunch of digitally encrypted items laying around in my email and on thumb drives etc. Do you see the difference? I have plausible deniability because there is no proof of anything existing other than my seed.
I suggest you read my article over and over again repeatedly until you understand. Once you understand, you will know the answer.
At which point all your security is also 0. You're going to just import your keys into a desktop wallet? Oh that's right... 2nd computer offline... oh wait... how much did that second computer cost again? You're doing well if you found one for less than the price of a hw wallet...
Prove to me that my security is 0.
I don't want to go down to such lowlife level by saying hardware wallet security is 0 because it is not.
So when you say my method is 0, you are actually spreading disinformation that only a lowlife would do.
Any person care enough to make it secure, can make it extremely secure.
I also never said hardware wallets were compulsory for spending. I said they offer security without compromising convenience.
If I need to move some coins, I can plug the wallet in, sign the transaction, and then broadcast. I don't need to get my encrypted file, decrypt it, transfer an unsigned transaction to offline machine (better make sure that USB stick is clean)... sign transaction... back to online machine and broadcast. And the make sure I've destroyed all evidence of the key on the offline machine... Also, I've found that carrying a 2nd computer with me while travelling is a bit of a nuisance with the limited baggage allowances that airlines give these days
Nonsense. My article is for cold storage. Not for spending. Your argument is invalid.
And of course, a hardware wallet is NOT compulsory for spending. Even desktop wallet can do the job well.
Good for you that you see some light of day.
"Without a single credit"?? I've mentioned on multiple occasions, that your method is a viable alternative to hardware wallets... I just don't think it is as secure as you believe it to be (a point you eventually conceded) nor as useful overall as a hardware wallet for the reasons I've outlined... and I certainly never said it was useless.
I never conceded. You are talking nonsense. My method is better than both hardware and paper wallets combined for cold storage.
I don't need your belief to make it possible. You are talking nonsense. I never said it is for spending.
Please read my article over and over again repeatedly until you understand.
Okay, so you mean to say my method is useful and viable. Good for you.
Like I've been saying all along... your system is pretty much the same as using a hardware wallet
I've taken the liberty of bolding it for your eyes to see Like I have said it clearly, no, it is not the same.
Let me repeat it here for your eyes to see...
Quote
Nope, you are wrong. My method is not the same as using a hardware wallet.
A hardware wallet:
1. Doesn't give you 100% control of your keys. Using some source code to derive the keys from the seeds is bullshit as that's not the company's intention.
2. Doesn't protect you from a $5 wrench. Using dummy wallet as excuse is bullshit as we all know what you have is more than just dummy wallet.
3. Is a 3rd-party security risk. Denying this is bullshit. Saying/implying it is compulsory to use WinRar for my method is also bullshit.
4. Doesn't allow unlimited backups, vs my method that allows so.
5. Requires the same/similar need for encryption/security/backup (of seeds/mnemonics/passphrases). Implying they do not need so is bullshit.
A hardware wallet:
1. Doesn't give you 100% control of your keys. Using some source code to derive the keys from the seeds is bullshit as that's not the company's intention.
2. Doesn't protect you from a $5 wrench. Using dummy wallet as excuse is bullshit as we all know what you have is more than just dummy wallet.
3. Is a 3rd-party security risk. Denying this is bullshit. Saying/implying it is compulsory to use WinRar for my method is also bullshit.
4. Doesn't allow unlimited backups, vs my method that allows so.
5. Requires the same/similar need for encryption/security/backup (of seeds/mnemonics/passphrases). Implying they do not need so is bullshit.
You mean where I said "Is it "better" than a hardware wallet? A viable alternative sure, but better? I'd say that is somewhat debatable and likely dependent on the use case(s) of a given person"
I'd already bolded that one before... so I've underlined it as well this time...Let me say it again. My method is superior to hardware and paper wallets combined for cold storage.
A viable alternative? Not better than hardware wallet? But as good/comparable as a hardware wallet?
Well, I am proud that a Dorky fella like me can think of a cheap way for cold storage comparable to a hardware wallet, but better.
Quote
A hardware wallet:
1. Doesn't give you 100% control of your keys. Using some source code to derive the keys from the seeds is bullshit as that's not the company's intention.
It's no different to using encryption software to decrypt your keys now is it? Or are you going to do the decryption by hand? 1. Doesn't give you 100% control of your keys. Using some source code to derive the keys from the seeds is bullshit as that's not the company's intention.
There is big difference, as you keep failing to see.
But I will not point that out for you to see, because if you have to come to this stage of argument it proves you can never see.
How can they? There is no proof. No evidence of how many wallets I have. I could 1 or I could have 10000000. They don't know because there is no tangible evidence of anything past the seed existing, unlike having a series of encrypted items on disk or in email etc. that are visible.
Nonsense. There is also no evidence of how many wallets I have. I could have 20 or 100 or 0. They don't know because there is no tangible evidence that an encrypted folder will contain any key inside. It could even be empty.
Bullshit. Encrypted items on disk or email is not visible. You are making fake stories up. I am going to hold your balls on this.
I never said it wasn't a 3rd party security risk... you claimed your method was better than hw wallet as it didn't rely on a 3rd party... but clearly it does rely on 3rd parties... unless you've gone ahead and written yourself an OS and some encryption software from scratch... I've been trying to point out, since I made the mistake of offending your ego, that NO method is 100% safe. There is always risk.
You are playing it safe by saying no method is 100% safe. Thus you can be a fence-sitter and argue in anyway you like, be it in favor or against it.
I can guarantee if I write an opposite article saying hardware wallet is the best choice, you would take the liberty to argue why I am wrong too.
Pretty sure that there aren't any laws saying that 12/24 word seeds can't be stored in multiple places using multiple methods... but then legal systems around the world can be kinda crazy... so you never know. I'm also fairly sure that the hw wallet manufacturers don't limit purchases to 1 per person... Trezor sells 3 packs if I'm not mistaken.
You are clearly a very very stupid person.
Why would you want to encrypt your seeds when you can encrypt the keys direct?
You are now shooting yourself in the foot.
You are being stupid by encrypting the seeds that unlock the keys...
Instead of being smart and just encrypt the keys direct.
All the "vulnerabilities" that you claim my method has, is exactly as applicable as on your seed-encryption.
But you will say my method is the same as hardware wallet. In which I will continue to say, no, it's not the same.
But then you will be a smart ass and say hackers will see all the keys in the encrypted file. I say bullshit to you.
Trezor sells 3 packs... and there goes your stupid argument of spending $100... as now you need to spend $300 instead.
You are a bullshit.
Feel free to show where I have said that seeds don't need to be securely backed up somewhere...
Whether you are a hypocrite or otherwise, doesn't discredit the fact that you are arguing for a very very stupid point.
Your effort is on encrypting the seeds that generate the keys. My method is on encrypting the keys directly.
You can argue why my method is visible to everyone. And at the same time you may argue your encryption is totally hidden.
For that, I say you are a bullshit.
Obviously people are spending cryptocurrencies every day without using hardware wallets... I never said they were required to spend. I stated they offer a level of convenience without sacrificing security, which I believe your method does not.
Bullshit.
Please go read my article over and over again repeatedly until you understand. The title of my article says it clearly.
Have the courtesy to compare apple to apple. Don't compare apple to orange. My title clearly stated it is for cold storage.
How many times do I have to repeat this to a stupid fella like you? FOR COLD STORAGE, you dumb nut.
No solution for what exactly? How to store bitcoins securely while maintaining convenience? I thought that my solution would be fairly obvious... use a hardware wallet. In my opinion it offers the same level of security in some areas (securing seed), more in others (spending and dummy wallets) and is more convenient (portability, spending)... arguably it could be considered cheaper too, as a hw wallet is cheaper than a 2nd computer for spending or setting it all up offline.
Bullshit.
A hardware wallet does NOT secure the seeds. You are making things up.
You are a hypocrite.
At least I am objective to say that for spending, a hardware wallet is an option.
Unlike you, where you now clearly show your hypocrisy by saying the solution is to use hardware wallet.
Why no desktop wallet? Why no mobile wallet? You are a hypocrite.
Nonsense. A 2nd computer can be used for other offline work as well as for other work related to security that requires it to be offline.
And the purchase is just for one time.
You need to buy a new hardware wallet every time it breaks.
Oh, you don't need to buy a new one? You just use some source code and derive the keys?
Oh, pray tell how are you now going to secure the keys and spend the btc in it after the hardware breaks? LOL
I know what you will do. You will either turn the recovery into paper wallet (your dog forbids), or buy a new hardware wallet.
For this, I say you are a bullshit.
While we're talking about solutions... I'm still waiting to hear how you propose to leave no evidence of multiple encrypted addresses in your email or on your thumbdrive etc and/or how you would implement a dummy wallet solution with your method.
Telling me I'm not creative enough to see it or that "my heart will point the way" doesn't really explain it... and is the sort of answer people resort to when they don't actually have a solution either. Despite what you think, I am genuinely interested in possible solutions to these issues...
Being honest is no use to you. You make things up to argue your points.
You accuse my encryption is visible. If my encryption is visible, then so is your encrypted seeds.
My article is clearly written. Please go read my article over and over again until you understand.
You are not genuine in possible solutions. You are genuine in finding argument for the sake of arguing.
My article stated the solution. Go read it over and over again until you understand.
I don't mind if you are a smart person. In fact, I would be very happy if you are smarter than I am. At least I can learn from you.
But if you are a stupid jackass pretending to be some smart ass, then I don't wish to be troubled by a lowlife such as you.