You open your eyes. A metal plate sits on the table before you. You determine that it has 24 words stamped into by observation and deduction. It is otherwise blank. How long does it take for you to figure out what it is?
Continue reading “i found a piece of metal with 24 words on it”
After spending about fifty hours researching Bitcoin hardware wallets via:
- Product documentation
- Twitter feeds
- YouTube videos
- Reviews and comparisons
- Considerations of desired features
My conclusion is that:
Make it easier to create a wallet by requiring only:
- A good passphrase for it along with a Salt
- A WarpWallet implementation to rebuild it.
Not BIP-39 with a passphrase and yet
“as secure as BIP39 although much more convenient and user friendly.” ―Bitcoin Glossary#WarpWallet
Interesting idea gone into great detail here.
bitkey is a
Bitcoin Swiss Army Knife in a verifiably secure self-contained Live CD/USB. Supports air-gapped Bitcoin transactions. Makes offline cold storage (slightly more) practical.
Very thoughtful explanation provides tips for reflection on how to manage custodial expectations on yourself and others.
Cold-wallets and PSBTs are powerful, intimidating, and valuable.
Whether you use them or not: learn as much about them as you can.
Here is a kind and detailed introduction.
Valuable topics—like this—require time and effort to study and learn.
Learn it before you need it.
On Sep 20, 2018:
If the attacker needs your 24-word seed and your passphrase, that is a good security mechanism. It means that if somebody finds your 24-word seed lying around, you shouldn’t have it lying around, but if they do find it and it’s not sufficiently physically secured, then brute-forcing it, brute forcing the password, will require either a lot of infrastructure or a lot of time. ―Andreas M. Antonopoulos
A relatively complex passphrase will keep you safe for several weeks, a month. A very strong complex passphrase will keep you safe for months; unless the person is willing to spend a million dollars on hardware to break that passphrase. ―Andreas M. Antonopoulos
TODO: Find out how long it takes today.
How much does it take your Bitcoin wallet?
How much does it take your Non-Bitcoin wallet?
Here are the release notes and a few highlights that jumped out at me:
Get your Bitcoin v22 highlights here
BIP stands for Bitcoin Improvement Proposal. A BIP is a design document providing information to the Bitcoin community, or describing a new feature for Bitcoin or its processes or environment. The BIP should provide a concise technical specification of the feature and a rationale for the feature.
We intend BIPs to be the primary mechanisms for proposing new features, for collecting community input on an issue, and for documenting the design decisions that have gone into Bitcoin.
When the 51% vote it so then it is made it so.
Additionally, every I can do it better than Bitcoin! crypto needs to do better those BIPs, and every new one that comes after that.
That might take a while, if ever.
A Bitcoin Wallet’s Seed is not its Passphrase.
From the “all ya gotta do” department