0 sats \ 7 replies \ @expatriotic 19 Mar \ on: How do the wealthiest bitcoin holders secure their bitcoin? bitcoin_beginners
Use:
  1. Phoenix (least funds)
  2. Zeus (more funds)
  3. Sparrow hot wallet for mixing with whirlpool (more funds)
  4. Passport (most funds)
plus Steel plates (Disperse secrets over geographically divergent places.) For passphrases I keep all of them in my password manager. Each password let's me have a different wallet for a different purpose. I keep ZERO funds on wallets with no passphrase.
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0 sats \ 5 replies \ @pajdo 19 Mar
For passphrases I keep all of them in my password manager. Each password let's me have a different wallet for a different purpose. I keep ZERO funds on wallets with no passphrase.
Better to keep some funds on no-passphrase wallet, so you get notified immediately in case of breach, and have enough time to securely transfer your passphrase funds.
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0 sats \ 1 reply \ @BitcoinIsTheFuture OP 20 Mar
Um password manager on-line? If so that is a big no no and easy way to lose all you sats!
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0 sats \ 0 replies \ @expatriotic 20 Mar
If someone get's access to my password manager, there are no seed words. So how am I losing the sats?
Do you not understand that the attacker has to physically compromise my safe AND virtually compromise my password manager? The password manager only has passphrases in it.
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0 sats \ 2 replies \ @expatriotic 19 Mar
Better to have money unprotected so you know someone is trying to steal from you.... Okay
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0 sats \ 1 reply \ @pajdo 19 Mar
Better to have money unprotected so you know someone is trying to steal from you.... Okay
Unprotected? Do you publicly display your 24 words? 24 words etched on steel is extremely secure.
Some small amount like 100 bucks could potentially save your stack. Standard practice. Also could serve as a decoy wallet, in case of $5 wrench attack. Although I’d put a bit more, to make it believable.
Otherwise somebody theoretically could already have your seed, and has been working on brute forcing your passphrase.
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0 sats \ 0 replies \ @expatriotic 20 Mar
Ridiculous... You can't have it both ways. You're contradicting yourself.
  1. Unprotected!! Your seed words are extremely secure
  2. Someone could have your seed already
You want to use a wallet with no passphrase to use as a "decoy" in case of $5 wrench attack? Feel free. If someone is actively targeting me, I doubt they're gonna believe I only have $100 worth of bitcoin. If they're NOT actively targeting me, why are they $5 wrench attacking me?? Sorry, I just don't buy it. You do you, I'm gonna use a passphrase. Good day
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0 sats \ 0 replies \ @BitcoinIsTheFuture OP 19 Mar
Nice set up. I need steel plates as well my old paper is showing age!
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