Educate the reddit community in the comments!
(Originally posted on reddit I plan to comment and advise original poster of benefits of posting content on SN v Reddit )
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Educate the reddit community in the comments!
(Originally posted on reddit I plan to comment and advise original poster of benefits of posting content on SN v Reddit )
Well, we don't have vaults onchain yet, so... I'm gonna go with Timelocks.
Any other scheme (multisig, etc) is essentially just a different approach to the key management problem.
Timelocks might be the only way to add security (i.e. some assurance that your holdings will not be spent in an unauthorized way) irrespective of how you manage they key(s).
Could you elaborate a little bit more about using time locks?
What wallet do you use?, what kind of tine locks do you use?, does the time locks allow you to broadcast the transaction?, could you use the UTXO on another txt?
Thanks
LockTime in Electrum wallet is referring to the
nLockTimefield of the transaction. The base protocol dictates that the transaction cannot be included in a block untilnLockTime. So this sets a timelock on the TRANSACTION not on the UTXO. To set a timelock on a UTXO, you need use either CLTV (BIP65) or CSV (BIP112).I'm excited for MiniScript adoption as it can make it easier to create and share advanced timelock scripts.
A) read darth
B) use SN search
Correct. @DarthCoin guides
https://darth-coin.github.io//beginner/be-your-own-bank-en.html
Very good
Great suggestions
For the average normie, I would say a joint custody arrangement is probably the best with a service like Nunchuk, Casa, Swan, or Unchained.
For me, it’s nothing but seed phrase stamped into stainless steel and oftentimes I use a passphrase
What determines whether or not you use a passphrase?
So you have your seed phrase stamped in stainless steel...and the passphrase?
I almost always use a passphrase for my own personal wallets that hold any meaningful balance.
If a wallet is important enough to stamp into steel, then I will use a passphrase or multiple passphrases with that seed phrase and I will stamp them into steel as well.
If it’s not that important, or won’t ever hold that much of a balance, then I won’t bother with a passphrase.
I am also looking into other methods with parent/child seeds that are all controlled by the parent seed. I think that would prove to be a really valuable method for mitigating risk of a seed becoming compromised.
So if you stamp the passphrase into steel - along with the seed phrase - does it still provide additional security? It would seem like it doesn't...unless you're separating them out, onto 2 different steels, in 2 different locations.
But then that would make it more like a 2 of 2 multisig, and if you lost one your bitcoin is gone. Unless you've memorized your passphrase.
I don’t keep them in the same spot and you can have basically limitless passphrases with the same seed phrase.
Multisig is much more secure in some ways and also much more risky in others.
reddit is dead, don't bother
We can save them … maybe some of them… maybe one of them
fuck reddit
Any other reddit memes from the dark side keen to see more
The best meme is reddit itself...
Lol
The ol network security
did you ever see that on SN?
I doubt it.
If you see that message on reddit, it means you are using the wrong browser and/or IP. It means YOU are their product.
Here's the problem with pulling people from reddit (as a reddit refugee myself). Reddit is a toxic shit hole full of morons and bots. The type of interactions it promotes is to attack first, because it doesn't matter if you're right, it only matters if you can prove the other person wrong.
Luckily for me, the only person I talked shit to before I changed my attitude was Darth, and it seems like he mostly gave me a pass (sorry bro). But I absolutely cringe at the idea of having reddit tier interactions again.
It's just a very unhealthy platform that makes your mind more unhealthy the longer you use it.
We can always taunt them a second time!
view on www.youtube.comI told them we already got one!
And around the rim Satoshis seed phrase might be engraved hehehe...
All I know is that I wanted to tattoo a seed phrase on our dog, but my wife stopped me...
Then some mind reading Yeti robbed me blind when I was in Nepal, he is moving the last bit I had around now that the mempool is cleared!
Oh well, I will go live with the street dogs instead then...
because she wanted that tattoo on her... 😂😂😂
🤣
You should of that poor dog would of taken one for the team
Hehe, maybe... But his fur is really shallow, maybe better have him memorize it?
Dog says bark instead of organize and u get locked out
Street dogs are good value
I could seriously see myself living among them, already got lots of dog friends in Kathmandu!
We shall see...
For me, I use a blockstream Jade for cold storage. I also use Sparrow wallet for management. I'm running my own Start9 node as well, and I have a couple of lightning channels opened with friends. I may purchase bitcoin on Strike, but I then send it over to cold storage when it reaches a maximum for me
best content
I wake up everyday and I tape node, bitaxe and hardware wallet to my body at all times
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