Post
Topic
Board Wallet software
Merits 1 from 1 user
Re: Securing Your Seed Phrase with Washers
by
fillippone
on 15/03/2022, 19:09:46 UTC
⭐ Merited by n0nce (1)
Honestly, the raw material cost is nothing. 4€ for washers and a few euros for the stamp
Are you sure it's still 4€ in all places?
I heard $5 wrench attacked is now renamed to $10 wrench attack because of inflation and price increase Wink

Lol, we all follow the same twitter accounts!



Maybe it's good idea to stock up on steel washers as I am expecting price of metal to go up more in future, and you can always use them in real life.
I didn’t explicitly mention derivation path as I didn’t want to mess up things. Maybe it’s better to state the obvious? “Don’t use any fancy wallet to generate the seed? I should include a derivation washers”? Might be unintelligible  by the person who should get the Satoshi?

I talked many times before and importance of derivation path especially if you are using hardware wallets with BIP39, some of them are totally different by default.
If you only use Bitcoin there is less chance of having issues in future, but add any other shitcoin and you could be having a lot of issues.
Best thing would be to add name of the wallet (also important if you used Electrum for seed generation) on one of the top washer.

Please, I talking about bitcoin only. I don't store shitcoins.
Also, even if I do all correctly, they are going to be worth zero anyway by the time I want to move them out of cold storage.

My third post in the forum:
preface:
I think ALL altcoins are basically worthless.
The point where they differentiate from Bitcoin (protocol choices/hashing algorithm etc..) is actually an inferior one, having been discarded by bitcoin due to security risk/protocol efficiency/ecosystem robustness.
Bitcoin is a huge bet but while I don’ know if in 10 years bitcoin would be worth 1 million or zero (or course I have an idea), I am absolutely sure that in 10 years every present shitcoin (all of them, but bitcoin) will be worth ZERO.
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