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Showing 9 of 9 results by tinova79
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Board Speculation
Merits 1 from 1 user
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
tinova79
on 23/02/2019, 18:11:43 UTC
⭐ Merited by Toxic2040 (1)
Carolina?
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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
tinova79
on 12/01/2019, 11:18:18 UTC

How do you secure your security seed? Honest question

Writing/engraving it down in multiple places of trust. No photos are allowed.
Also switching around a couple of words, would "secure" the seed in the event of an intruder finding it.
Need to remember which words of course.

Thanks for the reply!

So isn't the same securing a paper and HW wallet?
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Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
tinova79
on 12/01/2019, 10:16:24 UTC
This is what I use:
https://imgflip.com/i/2qxztc

Yeah, cost me $3718.

In fact nearly $20k at one point...

Here is what I use:

https://i.ibb.co/Ht291qc/IMG-7568.jpg

Cost me a few satoshis and I've been saving my bitcoins on it since last year. I don't see the point of hardware wallets if you are in bitcoin to hodl them.

To spend them actively i would still use my iphone for the job insead of hw wallets since I would carry my wealth in a paper wallet and my play money on my phone. But most importantly, it is just easier with a phone.

To me money spent on hw wallets is a waste. I would buy more crypto instead.

It's really all about the value of the amount you are storing, and therefore the risk.

Paper wallet is fine for smaller amounts, but...
- Where do you store the paper wallet safely
- What happens if you are burgled and the thief steals the wallet (wether or not they know what to do with it)
- Where do you store a backup, (and increase the risk of compromise)?
- What happens if your house burns down?
- Something gets split on the wallet and obscures the ink.
- 3 Years later, and you've simply lost the wallet, or thrown it out accidentally.
- When you spend the wallet and enter the address into a computer, are you 100% sure that computer is totally free from trojans/viruses, an attacker could   steal the funds on the happy day when you cash-out.

These risks are small (ish) but if you had $100k or $100m, they would be much more important.

A paper wallet requires multiple diverse location copies, but each copy increases the risk of theft, and you need to trust someone else to look after other copies (family?)
So you can securely split the secret (Shamir's secret splitting https://iancoleman.io/shamir/) , you can then choose how many parts of the total eg. 2 of 3 are needed to reconstruct the private key,
Then split it - 1 copy with a good friend or your lawyer, 1 with a family member, and 1 in your safe.
As its 2 of 3, 1 person can lose their key and its not a problem, and both the family member and friend need to collude to steal you coins.
You could of course increase this from 2 of 3 to any value such as 4 of 7, whatever makes sense to you.

When you come to spend the paper wallet, you should use a clean machine, install a new version of the OS ,and then only the wallet software.
I wouldn't use brand new software releases and I would check the authenticity of the code using release signing keys or hashes.

If you really want to do it properly, you should probably read Glacier protocol https://glacierprotocol.org/, it discusses all the risks and possible solutions, you can then cherry pick the things you think are important to you.

You want to also factor in your own death to the scheme. Making sure 'your' people know about, and can actually  get possession of the coins without you.



How do you secure your security seed? Honest question
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Topic
Board Announcements (Altcoins)
Re: [ANN] [MN/PoS] Midas.Investments - Investment platform
by
tinova79
on 16/11/2018, 00:24:58 UTC
Another old time user of the platform, excited about the coin. Solid team behind this one! Cheesy
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Topic
Board Speculation (Altcoins)
Re: Wall Observer/Research ETH/BTC - Ethereum price movement tracking & discussion
by
tinova79
on 05/05/2017, 15:07:25 UTC
$100 is around the corner
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Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.8 Required Update
by
tinova79
on 27/10/2014, 14:28:07 UTC
DogeKing hacked:

https://dogeking.com/

http://i57.tinypic.com/k2i6fn.jpg

Guess that leaves dogedice.me and prcDice.eu as the only sites where you can invest DOGE (don't know of any others)


Blah, that's a bummer to read.

Any investor heard from Jason?
Post
Topic
Board Gambling
Re: DiceBitco.in - New Thread to Discuss
by
tinova79
on 08/09/2014, 19:01:10 UTC
This is the transaction from DB:

https://blockchain.info/tx/895089f71ce05b9b5d673779592494b5a0dac74a350c67b3612e9958fe04ff8e

I wasn't able to withdraw before due to a bug (i left 1 satoshi in the site).

Having said this, I've never ever going to deposit anything in that site, just in case ...
Post
Topic
Board Gambling
Re: DiceBitco.in - New Thread to Discuss
by
tinova79
on 08/09/2014, 17:54:22 UTC
Support ticket answered, and I got my bitcoin back. Still cannot believe it, but wanted to share, not all hope is lost.
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Topic
Board Gambling
Re: DiceBitco.in - New Thread to Discuss
by
tinova79
on 08/09/2014, 17:09:03 UTC
Martijnvdc, I sympathise with you. I have 0.1 BTC sitting in DB, been trying to withdraw for hours. Seeing their hot and cold wallet is dry, and that I don't get any feedback from the support ticketing system, it is starting to look very bad.

Should I wait? Anyone in the same situation? Anyone with more information?