How much are you willing to put in a hot wallet? \ stacker news ~bitcoin

How much are you willing to put in a hot wallet?

2014 sats \ 17 comments \ @scottathan 18 Sep bitcoin

What is the highest amount of sats that you are willing to keep in a hot wallet before you choose to put it in cold storage?

100K sats19.6%

500K sats13.0%

1M sats23.9%

5M sats15.2%

10M sats19.6%

1 BTC4.3%

> 1 BTC4.3%

46 votes \ poll ended

199 sats \ 0 replies \ @DarthCoin 18 Sep

I will repeat this 1 gazzilion times: use the 3 levels stash, with multiple wallets:

HODL level: most of your stash, your vault, your central bank, that you move it only in emergency cases. CACHE level: the medium amount, coin control, commercial bank, IN/OUT SPEND: level: small amounts to cover your daily/weekly spending, LN wallets.

Explained in details here and in many of my guides: Bitcoin = be your own bank, THINK like a bank

0 sats \ 11 replies \ @m00ninite 18 Sep

I feel more comfortable with holding more on Nunchuk thanks to the ridiculously easy multisig with tapsigners

46 sats \ 10 replies \ @DarthCoin 18 Sep

multisig should be used ONLY for corporations and/or cases when are involved more than 1 people into managing funds. For single users is really dumb and unnecessary. Keep it simple, don't complicate it when it could be simple.

0 sats \ 6 replies \ @Brian_A 18 Sep

What do you think of shamir like on the trezor T ? I know its not the same as multi sig. 🤙

30 sats \ 5 replies \ @DarthCoin 18 Sep

I hide 12 words on 12 mountain peaks (for real, this is not a joke), over 3000m altitude, hard to reach them, only for the brave, not for the weak. It is only me that knows the order, even if somebody will find the capsule I left in those peaks.

So tell me how is this compared with a HW? How many intents would be possible to "break" this security? Good luck finding my peaks...

Also... good luck breaking my stego file

0 sats \ 3 replies \ @john_doe 19 Sep

Interesting setup. I have thought about steganography too. If it is OK for you to reveal that (don't hesitate to say you don't want to) I am curious to know in what kind of place (under a rock, etc) you put your words on the peaks, and if when you come back it was still there at the same place (because of rain and wind slowly moving it for example).

41 sats \ 2 replies \ @DarthCoin 19 Sep

hahaha I put even signs, just for fun, to see if people pay attention. They didn't...

People are too busy with tiktoks nowdays. Bitcoin is not for them.

Like I said min this guide about making a Tails USB https://darthcoin.substack.com/p/build-your-hodl-btc-cold-wallet you could use a recipient like this https://www.amazon.de/gp/product/B07D5DVXCD/

0 sats \ 1 reply \ @john_doe 19 Sep

Interesting, so you use a USB key with Tails, huh. I was wondering how you could recover a physical picture and its exact pixel value to get the password recovered but you do it with Tails so this explains that. Thank you for sharing! By the way I don't know what kind of people are hiking where you are but it could be that they are honest so they don't steal you (for example even if I went there I wouldn't like to steal your property)

20 sats \ 0 replies \ @DarthCoin 19 Sep

openstego.com

0 sats \ 0 replies \ @Brian_A 19 Sep

Pro shamir, got it 😅

0 sats \ 2 replies \ @john_doe 18 Sep

I think it depends on your situation and location (or threat model). Without travelling I agree, and thanks to my location singlesig was enough. Now what happens in a more adverserial environment? Multisig makes sense to manage keys with trusted people against loss of property. In this situation multisig can be like encrypting a disk: prevent the worst case scenario in case of loss, even if this loss may never happen. I don't drink alcohol so I don't care but I have heard people drinking and losing their work computer. I had a friend recently coerced with a gun to give his phone, it could happen with a hardware wallet as well (even though it is unlikely).

10 sats \ 1 reply \ @DarthCoin 18 Sep

only the weak will give up their keys...

Bitcoin is a natural selection:

not for the weak
only the brave

0 sats \ 0 replies \ @john_doe 18 Sep

I see. To be fair the decoy with Trezor is good AFAIK and there is also a self-destruction after entering a wrong pin too much times with the coldcard.

0 sats \ 0 replies \ @Onions 19 Sep

A few hundred $/€ More than that i don't feel confortable.

0 sats \ 0 replies \ @aoeu 19 Sep

I have over 1 BTC for a Lightning routing node, which is technically a hot wallet, so that's what I picked.

0 sats \ 0 replies \ @BitcoinSanity 19 Sep

The exact equivalent of whatever amount of fiat dollars I'm comfortable keeping in a wallet in my pocket.

0 sats \ 0 replies \ @CoSatoshi 18 Sep

$500 max. Depends on floating value in fiat terms. This is not a long-term deal, but a short-term one. Once I hit ~$500 USD, it's going into musig 🎵