Quote from: ondratra on June 04, 2014, 12:26:56 AM

Quote from: pankkake on June 03, 2014, 04:51:55 PM

Hey guys, I tried to show you what was a good backup. https://bitcointalk.org/index.php?topic=631605.msg7031124#msg7031124

usagi's backup did not follow:

offsite. despite claimining it is "offsite", it's managed by the same provider, so I consider it to be the same point of failure
offline: nope, by his own admission. claims "usb keys fail". well, then, keep two. keep your online backup and one offline. omg revolutionary!!!
history: probably not
encrypted: unknown, probably not
tested: lol

Even if we abide by usagi's fail definition of offsite, he failed everywhere else.
Spending $10000 on backup when you can achieve that for $100 tops is adding insult to injury.

What else is there to add?

But don't worry, this happens to the best.

I agree with this completely. Even with last paragraph - as you might read about Slush's stolen BTC some time ago.

On other hand(unrelevant) I don't believe that those USB sticks are more durable to situations like house fire(very high temperatures) or house beign destroyed(like earthquakes, etc.).

Hopefully there will be services in future that will guarantee your BTC won't be stolen/lost by some kind of insurence or something similiar so everyone running service with lot of BTC could use it for everybody's sake(even the owner). Because let's be clear, after BTC will become legal tender there won't be any difference between stolen/lost BTC and default/scam.

For a cheap cold storage solution just buy a raspberry pi, install armory via USB stick (http://coldpi.com/manuals/install.html), and use the offline wallet feature if you need to effectuate transactions (https://bitcoinarmory.com/about/using-our-wallet#offlinewallet). Backup your private keys on 2 5 10 (lets be paranoid) heavily encrypted USB sticks and untrust them to people you know (family, friends, bank safe, collar of your dog, etc...).
Assuming you already have an online computer, the raspberry pi + 10 USB sticks will set u back $100-$150
easy Grin