Bitcoin Q&A: Secure, tiered storage system

If you don't have money for a hardware wallet how do you have any money to even buy a coin of anything for that matter.

Great info. Thank you

It’s clear to me that Andreas has an amazing technical brain combined with great common sense solid advice. I love his videos and I’m about to read his book which I’m looking forward to, even though I’ll need google and a scientific dictionary to interpret all of his writings.

Love you bro. You're amazing.

buy and read a mnemonic book. it will improve your safety and mental strength.

you can use dice and math to work out your publie and private keys. then stamp it in gold/silver. avoids all this

Does the actual phone need do be locked by passcode? I never have a lock screen cause they kinda suck, and if someone breaks into my banking i dont really care because they refund what's stolen. Obviously with bitcoin its a different case, is it really that important to have multiple redundancies/ passcodes for everyday device functions? And not just have them to access the applications where you use and manipulate coin?

How likely is it that some one randomly guesses the seed of a wallet? There are countless possibilities, but crypto adoption spreads and billions of wallets are created in the mean time.

Could you share your thoughts on Open Platform?

Hey Anton. I remember seeing in one of your video's, you mentioned that you have a paper wallet which was made on a computer that had never touched the internet. Does that mean that you aren't using this paper wallet anymore?

people say not to store BTC on the exchange.. but if i want to trade let say 20 BTC i have no choice then(((

What about Bitcoin Core Wallet ? from Bitcoin.org

just dig da paper with passcode underground so ewhere safe like pirate!!! safes are not safe

Andreas… your fore hair is restored fully.. how did you achieve that?

i have created a tutorial on creating wallet offline:

https://www.youtube.com/watch?v=UisXqkN3-bg

You trust hardware wallets too much… One can't determine if some of them were tampered with, or made using a "custom" random number generator…

can anyone tell which hardware wallet is available in 30 bucks and where i can buy it ?

Sound advice! You're the man! ?

I feel like I'm nitpicking here, but you should use a different background. A roll of seamless photo paper – the stuff professional photographers use – will run about $60. I'll even buy it for you if you are simply feeling cheap.

btw for paper wallets, the easiest if you dont have a safe is leave a copy by your parents house.

Lucky you guys, to us in South Africa a hardware wallet at a reputable seller is around 280$. If it was 30$ I would have owned 10 by now lol

Good storing suggestions but what are the chances of Bitcoin becoming mainstream if the average person has to do all these steps to secure his/her wallet?

Ledger HW.1 will run you around $20.

Summary of this video. No one is fucking stealing Andreas Bitcoin.

Andreas = Satoshi Nakamoto
shh dont tell a soul.

I wouldn't recommend listening or watching anyone else other than Andreas. This man is truly the heart of cryptocurrency explaining it from his heart. I truly appreciate all of the hard time that you have put into this and then what impact you have made. You're the only one who makes sense nor have I ever question anything you have said. Thank you!

Andreas is great.

Very! Very!! Very!!! good advice..? I'm just now getting back to #Bitcoin since the early days with Satoshi et al. Though I have run a full node off and on when I could from the beginning, as I do now. 

I spent the past few years on the sidewalks of skid-row, sleeping under cardboard. So I wasn't able to keep up with things for a while. But it's all good now.

I've really been enjoying #Bitcoin again, and enjoy updating my computer science and cryptography. The tools and science have advanced significantly.

If your threat level is extremely high, there are some additional things that might be fun knowing about and looking into. Without question a hardware wallet is a great way to go.

But I can't resist the Red! pill. So here we go. I like bip39 and feel it's the safest way to go. But I also love the Idea of #Electrum on an offline clean boot live CD/USB (tails). Then using Gnome on-screen keyboard to enter your Electrum extended passphrase.

Then copy your seed + all your keys to #keepassx on USB. Lock the vault with a password and keyfile. Then copy your keepassx database to a #veracrypt hidden container. Lock the container with a password and keyfile.

Then uuencode/old school (base64 etc) the multi-layer vaults and there keyfiles separately. Next we add the secret sauce. Shamir's Secret Sharing to be specific (k, n). Then we scatter the pieces to the wind (the darknet, email, embedding in audio, pictures, printed on paper, safes, lockbox, buried in the ground, you name it)..?

This is multiple layers of security, and multiple layers of plausible deniability. This way you can safely, plausibly deny custody and control, including physical possession. All while maintaining security and access.

This is just a rough draft. But you get the idea. #TheRedPill..?

$5 hardware wallet. 2gb USB drive and tails OS. Best cold storage system I've found, but a little harder to access and spend than ledger or trezor. I consider this a good thing and operate in tiers as aantonop suggests.

The thing that confuses me is that even though I have my crypto on a trezor, I rely on the trezor website to access the device. If trezor website gets hacked, could my holdings not be hacked?

Use both paper wallet and hardware… Split your holdings to different secure devices to get optimal security. No one method is flawless

The time is now buy Etherium Litecoin Bitcoin God bless

Andreas, on your last point on Cold Cold Storage- do you restore a seed of your choice on both hardware wallets after wiping them? Thank you for all your work.