Hi. I don't like to store the wallet phrase on a thumb drive, in the cloud..... in my head. The question for the community is as follows. What if the private key is put in the public domain, that is, directly in the text, for example, in an article of 20,000 characters. In this case, each word will be harmonized in the text. Also be sure to follow the sequence, for example, 10 word, 20, 30 ... For reliability, it can be embedded in 2-3 or more texts. The texts themselves can be posted on some reliable blockchain blogging platforms (i.e., ones that will not disappear). After all, there is nothing more secure than hiding something in the open. Attackers are looking for jewelry in a safe, and it could be in plain sight. Meaning the phrase for cold storage, not spending. With this storage option, you can be in another country without fear, without funds, phone, account passwords, but with a firm belief that your funds are safe and guaranteed access to them. Or is this idea silly?
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0 sats \ 1 reply \ @orthwyrm 16 Jul 2023
The issue you now have is that you need to backup the method to decode the seed. For example, if it's encrypted you need to backup a) The password and b) The location(s) of the file. You should not rely on memorisation alone as this is a single point of failure.
Also, when you come around to decrypting the seed you should be careful it is done on an air-gapped device (i.e. not connected to the internet). Otherwise the seed could be temporarily exposed and an attacker could sweep funds.
It is much better to not get too elaborate. Physical seed backups are fine. If you are afraid of the backup being discovered, utilise a passphrase or multisig.
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0 sats \ 0 replies \ @bitcoinMoon OP 16 Jul 2023
thank
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0 sats \ 3 replies \ @PlebeiusG 15 Jul 2023
I’d say try it for real and see what you think about it.
Personally, I like the concept but not this implementation.
Maybe write the words down in different pages of a book. Find some obscure book you own and write a word on page 42 and 59 and …
I’m sure there are webscrapers that look for the 2048 words online. And if not, there could be.
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0 sats \ 2 replies \ @bitcoinMoon OP 15 Jul 2023
This is what I really like more. This option needs to be considered. I suppose that you can find a simple and at the same time reliable solution just "for yourself".
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0 sats \ 0 replies \ @PlebeiusG 15 Jul 2023
There’s got to be ways of hiding it in plain sight that’s low risk of people noticing, and you misplacing the single copy. I’d say at LEAST use a passphrase. Also, what if you also used a child seed (that only you know) with a second key?
So if they find it in the book they’d still need to know passphrase 1, the child seed and the second passphrase… and the fact that you’re using this method.
But seend some sats to the key found in the book as a decoy.
Single key but multisig. 🤔
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0 sats \ 0 replies \ @PlebeiusG 15 Jul 2023
The problem is that if you roll your own crypto, you are your biggest threat in misplacing, forgetting for otherwise losing your money.
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0 sats \ 1 reply \ @DeltaClimbs 15 Jul 2023
This is extremely risky because it is really hard to know what seems obscure and what is actually obscure and humans are pretty bad at evaluating these probabilities with incomprehensibly large numbers. There are tons of famous lines in books that when used as seed phrases are instantly swept and with AI tools, it will become easier to find those sorts of things. There's a website that had examples of this.
Now, one thing that would have less of a risk of catastrophic loss is a one-time-pad. You can take a seed, and then use this memorable scheme to generate your pad, and then your padded key can combine with information you can find anywhere to unpad, but it becomes vastly more improbable that a bot would combine your padded words with arbitrary, obscure data.
From a bot's perspective, trying to unpad your padded words (which it might not find in first place) is strictly lower ROI because only your seed might be found, whereas searching obscure info directly, anyone's seed could be found who uses a scheme like yours.
Check this out to learn about how OTP works for seeds. https://pypi.org/project/seed-otp/
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0 sats \ 0 replies \ @bitcoinMoon OP 15 Jul 2023
Yes, this is an interesting option. But still, it's difficult. Everything is too complicated. Of course, putting a phrase in one text is not a very smart decision. Technology probably allows you to pull it out of the text.
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0 sats \ 1 reply \ @ek 15 Jul 2023
You may want to look into steganography:
-- https://en.m.wikipedia.org/wiki/Steganography
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0 sats \ 0 replies \ @DeltaClimbs 15 Jul 2023
Uncovering steganographic information is something AI might become ridiculously good at.
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0 sats \ 1 reply \ @final 14 Jul 2023
DarthCoin hid a seed phrase in one of his articles/blog posts according to him. Personally I am not for storing my phrase but I know some people do.
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0 sats \ 0 replies \ @bitcoinMoon OP 14 Jul 2023
And I thought I was the first one to come up with that! from naive ))
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