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Showing 20 of 64 results by rohanagarwal7
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
After careful scrutiny, Cypherock X1 has been listed on the official Bitcoin.org website - https://bitcoin.org/en/wallets/hardware/?platform=hardware&step=5
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
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Thank you for the above explanations, but I still need clarification about how the executor can help a nominee in the estate recovery process.
Think of the executor as someone who has technical know hows but does not have have financial skin in the same. This is could be your family friend. Again it is optional and you can completely choose against nominating someone here.
Re: [ANN] Cypherock X1 - Hardware based Wallet Aggregator for your Crypto
After careful scrutiny, Cypherock X1 got listed on the official Bitcoin.org website - https://bitcoin.org/en/wallets/hardware/?platform=hardware&step=5
Re: [ANN] Cypherock X1 - Hardware based Wallet Aggregator for your Crypto
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Did you make any changes for Cypherock license?
It is the same as before. Frankly speaking, most normies don't get the difference between verifiable source and open source.
Re: [ANN] Cypherock X1 - 1st Made in India Hardware Wallet
⭐ Merited by Bitcoin Smith (1)
Cypherock X1 just got listed on the official Bitcoin.org website - https://bitcoin.org/en/wallets/hardware/?platform=hardware&step=5
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
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Besides it is more cost effective. In my estimation it requires 3 flash drives/SDcards ( two of them as a backup just for the case) ~ $8-10 to keep SSS blob and two pgp HW key (again one for backup, ~$60) and of this for all period, let's take 25 years. Your solution for the same period will cost $25 x 25 + cost of hardware (silver plan) or $100 x 25 + cost of hardware (gold plan) 
You should add the legal costs to this.
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
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Would you mind sharing the rough estimates of the costs for both of the plans?
We are going with $25/wallet/year for silver plan which includes just PIN recovery and $100/wallet/year for gold plan which includes estate recovery also.
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Am I correct in assuming that there aren't any inactivity checks for nominee #1?
Yes
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- Not sure if I'm just being pessimistic, but I do have mixed feelings about the second nominee option.
You can choose not to have nominee #2. Its optional.
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Does the executor have a similar set of requirements to the nominees?
Its a little different. Unlike the nominee, the helper won't know upfront that he is a helper. It is again optional.
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
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Cypherock Cover, the scheme that makes the simple stuff unfeasibly large and bulky.
Speaking of inheritance itself. Split SEED phrase into SSS blobs using 2 of 3 scheme. Encrypt each blob with your hardware based pgp key (How the setup such keys is described here). Give one of the encrypted blobs and HW security key to your nominee. Include one of the remaining encrypted blobs into you legal will with assigned nominee as the lawful beneficiary under will. Instruct lawyer to hand over this will to nominee after your passing.As simple as that. A simple and reliable inheritance plan that doesn't require Cypherock Cover.
Speaking of inheritance itself. Split SEED phrase into SSS blobs using 2 of 3 scheme. Encrypt each blob with your hardware based pgp key (How the setup such keys is described here). Give one of the encrypted blobs and HW security key to your nominee. Include one of the remaining encrypted blobs into you legal will with assigned nominee as the lawful beneficiary under will. Instruct lawyer to hand over this will to nominee after your passing.As simple as that. A simple and reliable inheritance plan that doesn't require Cypherock Cover.
You don't know how difficult that is for 99% of the people to do what you just described. So many ways you can screw things up and prevent the assets from being inheritable. Not to forget how expensive it can be to update this setup over time relative to our solution.
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
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Do people really use hardware wallets for long term? Most of the people I know use them for more security in their hot storage and use other methods for long term cold storage.
Yes, you would be surprised at how many actually.
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Admittedly Dave and the people he discusses crypto with is a very small sample size. Has there been any real research done into what / how people are using hardware wallets for.
Long term? Short term? Both?
Long term? Short term? Both?
Very hard data to gather to be honest. But if you manage to find it, please do share it here.
Re: [ANN] Cypherock X1 - 1st Made in India Hardware Wallet
We just announced Cypherock Cover, a non-custodial & non-KYC inheritance-style recovery service for all your Crypto - https://twitter.com/rohanagarwal94/status/1782504675620655176
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
We just announced Cypherock Cover, a non-custodial & non-KYC inheritance-style recovery service for all your Crypto - https://twitter.com/rohanagarwal94/status/1782504675620655176
Re: [ANN] Cypherock X1 - Hardware based Wallet Aggregator for your Crypto
⭐ Merited by dkbit98 (1)
We just announced Cypherock Cover, a non-custodial & non-KYC inheritance-style recovery service for all your Crypto - https://twitter.com/rohanagarwal94/status/1782504675620655176
Re: [ANN] Cypherock X1 - Hardware based Wallet Aggregator for your Crypto
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I am not saying Cypherock X1 wallet is bad, but it really needs to make some improvements to be highest rated hardware wallet on any website.
What is the status of coin control, support for third party wallets, signing message, and other updates?
What is the status of coin control, support for third party wallets, signing message, and other updates?
I understand your concern. Support for third party wallets are incoming for Eth with wallets like Frame.sh and Zerion. For Electrum, it will take some more time since we have to port our SDK from JS to Python and support PSBT with HWI. Message signing is also only available for Eth right now.
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
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No offence to you or your product since I have never had the chance to try one or read much about it, but I wouldn't trust CoinBureu to be a neutral source of information. I have seen many of his videos and have no complaints regarding the quality, but many of his content is sponsored and even paid-for-promotion.
I completely understand your concern and we know a lot of wallets that paid them for a review. However as written in the review itself, we did not pay them anything upfront at all. All we gave them are a couple of devices and an affiliate commission for every sale which is standard for every reviewer.
Re: Shamir's Secret Sharing based Wallet - Cypherock X1
Cypherock became the highest rated hardware wallet by Coinbureau - https://www.coinbureau.com/review/cypherock-review
Re: [ANN] Cypherock X1 - Hardware based Wallet Aggregator for your Crypto
⭐ Merited by dkbit98 (1)
Cypherock became the highest rated hardware wallet by Coinbureau - https://www.business-standard.com/content/specials/made-in-india-blockchain-cold-wallet-becomes-the-highest-rated-hardware-wallet-in-the-world-124010400749_1.html
Re: [ANN] Cypherock X1 - 1st Made in India Hardware Wallet
Cypherock became the highest rated hardware wallet by Coinbureau - https://www.business-standard.com/content/specials/made-in-india-blockchain-cold-wallet-becomes-the-highest-rated-hardware-wallet-in-the-world-124010400749_1.html
[$51] Free in BTC w/o KYC when you buy Cypherock X1 in the next 48 hrs
Cypherock just launched a new promo campaign on the occasion of Diwali offering $51 in BTC cashback into the wallet after setup without KYC. This offer is only available for the next 48 hours.
You need to order from the special link to access the promo - https://www.cypherock.com/product/cypherock-x1-btc
You need to order from the special link to access the promo - https://www.cypherock.com/product/cypherock-x1-btc
Re: [ANN] Cypherock X1 - Hardware based Wallet Aggregator for your Crypto
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but some hardware wallets are also waterproof (Ngrave, Ellipal, Coolwallet, Tangem, etc).
I highly doubt they are waterproof. They would be water resistant at best.