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
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199 sats \ 0 replies \ @DarthCoin 18 Sep 2023
I will repeat this 1 gazzilion times: use the 3 levels stash, with multiple wallets:
https://imgprxy.stacker.news/KKtwTDmOJcATNKH4A53B50BNNc6l7BHcx0oQp40C3i0/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvTVRMMmt2VDAvM2xldmVsLXN0YXNoLmpwZw
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
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0 sats \ 0 replies \ @Zepasta 19 Sep 2023
A few hundred $/€
More than that i don't feel confortable.
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0 sats \ 0 replies \ @aoeu 19 Sep 2023
I have over 1 BTC for a Lightning routing node, which is technically a hot wallet, so that's what I picked.
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0 sats \ 0 replies \ @Atreus 19 Sep 2023
The exact equivalent of whatever amount of fiat dollars I'm comfortable keeping in a wallet in my pocket.
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0 sats \ 0 replies \ @CoSatoshi 18 Sep 2023
$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 🎵
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0 sats \ 11 replies \ @m00ninite 18 Sep 2023
I feel more comfortable with holding more on Nunchuk thanks to the ridiculously easy multisig with tapsigners
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46 sats \ 10 replies \ @DarthCoin 18 Sep 2023
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.
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0 sats \ 6 replies \ @bzzzt 18 Sep 2023
What do you think of shamir like on the trezor T ? I know its not the same as multi sig. 🤙
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30 sats \ 5 replies \ @DarthCoin 18 Sep 2023
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
https://imgprxy.stacker.news/IQX99BN2LIpLmVN1qbP8FeUbiB7Wcxx75QjtHEAwzF8/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvSHN5Q25zbUMvY2F0cy1zdGVnby5qcGc
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0 sats \ 0 replies \ @bzzzt 19 Sep 2023
Pro shamir, got it 😅
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0 sats \ 3 replies \ @john_doe 19 Sep 2023
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).
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41 sats \ 2 replies \ @DarthCoin 19 Sep 2023
hahaha I put even signs, just for fun, to see if people pay attention. They didn't...
https://imgprxy.stacker.news/Gwtz1V_O9wYW9F-ZJ6uThQmisbtX7k4YuNqcEhrpU9E/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvME56SGdubkQvYnRjLWdlbzIuanBn
https://imgprxy.stacker.news/jy8bGYVoDwWzWXqDUHUsDAzVv4vM7RkS_SsaJz7MEPU/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvTDhDMDB3dG0vYnRjLWdlbzEuanBn
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/
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0 sats \ 2 replies \ @john_doe 18 Sep 2023
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).
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10 sats \ 1 reply \ @DarthCoin 18 Sep 2023
only the weak will give up their keys...
https://imgprxy.stacker.news/sWb_e8zRo-whzATP9aoP6yngtDk_C-zH7n44QVFnzl0/rs:fit:600:500:0/g:no/aHR0cHM6Ly9pLnBvc3RpbWcuY2MvdkhGY2tSMWYvYml0Y29pbi1vci1ub3RoaW5nLmpwZw
Bitcoin is a natural selection:
- not for the weak
- only the brave
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0 sats \ 0 replies \ @john_doe 18 Sep 2023
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.
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