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Where's the fuckin power box, Carol?Comment -
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Eeesh, bad news - hardware wallet, seed phrase and Bitcoin up in smoke.
I just invested in something to prevent that. It is a system of stamping the seed phrase on metal washers. Fireproof. There are a number of tutorials on Youtube, here's a couple:
Costs about $60 to get started. After the initial investment, you just pay for more washers and nuts & bolts if you need them.Comment -
I have a fireproof safe. I hope I don't have to find out if it really works.Eeesh, bad news - hardware wallet, seed phrase and Bitcoin up in smoke.
I just invested in something to prevent that. It is a system of stamping the seed phrase on metal washers. Fireproof. There are a number of tutorials on Youtube, here's a couple:
Costs about $60 to get started. After the initial investment, you just pay for more washers and nuts & bolts if you need them.Comment -
Been reading more about these "fire"-proof safes. I'm hearing that they might be fire-proof up to a certain TIME limit. Krueger claimed that the CA fires ruined some BTC held in safes.
Props, Arky and Raiders. Been reading a lot about Bitcoin security:
1) Arky, I love the Washers. Looks to be very good.
2) The advice I'm hearing more and more is MULTIPLE points of failure. Don't want all your chips in one basket.
3) Paper is just a first-step. Metal is a necessity IMHO. And the backup needs to be in multiple locations to avoid one event wiping it all out.Where's the fuckin power box, Carol?Comment -
Arky, one more tip on the Washers. Look at the BIP39 word list. No words repeat after the first four letters.
So, four letters on each washer should work!Where's the fuckin power box, Carol?Comment -
Opti, see this list:
I'm saying that the 2048 words have no repeat characters after ****. If you have a device crash, I would view the recovery as:
1) Pull out your washers with the Number and corresponding 4-digit word.
2) Reference the BIP39 list.
3) Based on the 4-digit words listed on the Washers, you can reference the full word. You then have your full recovery seed.Where's the fuckin power box, Carol?Comment -
Think I butchered my explanation (above). I'm saying that the FIRST four letters will lead you to a UNIQUE word every time.Opti, see this list:
I'm saying that the 2048 words have no repeat characters after ****. If you have a device crash, I would view the recovery as:
1) Pull out your washers with the Number and corresponding 4-digit word.
2) Reference the BIP39 list.
3) Based on the 4-digit words listed on the Washers, you can reference the full word. You then have your full recovery seed.Where's the fuckin power box, Carol?Comment -
Yeah, something doesn't smell right about his friend's safe. Fire toasted the safe and a metal plate inside the safe? That has to be one hot energy weapon, oops, I mean, fire.
Yes, some guys are getting 3 words on one washer side using the first four letters. Use both sides and it only takes 4 washers to do a 24-word seed phrase.
I've done a Recovery before on Ledger and Trezor. I believe both will give you a small list of words after you type in the first 3 or 4 letters. I wasn't paying attention whether it was 3 or 4. Anyhoo, once you get the list, you then scroll to your word and select it. Really speeds up the entry process - don't have to select every letter in longish words.Comment -
Where's the fuckin power box, Carol?Comment -
Where's the fuckin power box, Carol?Comment -
Good stuff, Arky. I think Bitcoin security is going to generate a lot of talk in 2025.
I think the Stamp Seed product is slightly over-rated (for various reasons). It's about figuring out a plan for different scenarios. If she had a Stamp Seed inside her safe (which burnt to a crisp), doesn't sound like a great contingency plan.Where's the fuckin power box, Carol?Comment -
As soon as quantum computers are available enough to fall into the wrong hands, even stamped washers won't protect anything.
If Google wanted to crack your 12 word phrase I believe they already have the capacity to do it.
And I'm not aware of anyone having a potential answer to that as yet..Comment -
Hi, Opti. Like everything, I'd say Yes and No.
1) I've spent some time walking thru the #s on encryption.
...Yes, 24-word is more secure than 12-word.
...But the prospect of cracking codes is still incredibly small.
...Start thinking about the zeroes to the right. 2048^12 = 5.44 * 10^39.
...2048^24 = 2.96 * 10^79. In my mind it's still a matter of how many centuries it takes to crack it.
2) In the Bitcoin circles you do hear a lot of advising Passphrase use.
...So, to your point, BIP words + a personalized passphrase. OK, Good Luck cracking that.
...I don't know how a computer could combine the cracking algorithm WITH the passphrase. A lot LESS than a needle in a haystack odds.Where's the fuckin power box, Carol?Comment -
You are soon going to hear the term Y2Q a lot.
Be afraid. Every file that has ever been encrypted, and collected by agencies who have known Y2Q was coming for decades have collected, will be broken within the next decade. Maybe within 5 years.
And as mentioned Google has already developed a quantum computer that could potentially crack your 12 word phrase within hours. Or days at most. Eventually it will be instant.
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As this is a video thread. Here is a nice, entertaining and easy to digest video about the implications and situation
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OK, Opti. Thank You.
Can't say you didn't warn me. It does boggle my mind.Where's the fuckin power box, Carol?Comment -
I think it boggles a lot of minds how to handle it.
Hopefully it ends up like Y2K, we do get prepared in time and not much happens really. But personally, I think that is a 10000/1 shot right now.
Can imagine millennial IT heads who were not old enough to have gone through Y2K in the industry thinking, well they got suckered in to prepare for Y2K so not going to rush to repeat that for this. And ruining it for the rest of us..Comment -
Opti, I've read a lot about the Quantum computing. Have discussed it with Madison in the stock thread.
Two basic ideas:
1) Just how much ground has Google made up with the Willow project?
2) What time horizon are we now looking at?
Answers might be:
1) A lot. The videos showed how Willow cut down the processing time significantly (on complicated math problems).
2) I've watched experts talk about the time horizon. It's about incorporating multiple computers to create Cubit power. The experts I've seen still think it's a ways off.
Many videos present this comparison of possible code combinations versus the grains of sand on earth. How could one identify each grain?
In the #s game:
*A Million is 1 with six zeroes to the right.
*A Billion is 1 with nine zeroes to the right.
*A Trillion is 1 with twelve zeroes to the right.
Numbers with 39 zeroes to the right seem un-crackable. But that's my human mind talking.Where's the fuckin power box, Carol?Comment -
I think any expert claiming it is a long way off is not an expert in the area they need to be to be commenting personally..Comment -
Honestly, scoffing at the threat either means he is a fool, or lying to try and protect his own financial interests. Don't think there is any other possibility. And I don't think he is a fool.
Terrible response from him if it's true.
We don't need anyone with credibility scoffing or doing anything to slow down the needed response right now.
People saying Y2K proves that nothing should be done will be a big enough problem for the effort as it is, without credible people gaslighting about it..Comment -
Solana has done a lot of work and claims to be quantum-resistant.
https://github.com/deanmlittle/solana-winternitz-vaultThe Solana Winternitz Vault is a quantum-resistant lamports vault that leverages Winternitz One-Time Signatures (WOTS) for security. The vault implements a truncated Keccak256 hash, offering 224-bits of preimage resistance, which remains robust against quantum threats, including Grover's algorithm.Comment -
He shows some smugness in this clip. Go to 9:00
Where's the fuckin power box, Carol?Comment -
Where's the fuckin power box, Carol?Comment -
Well that sure lowered my opinion of him.
he sure was scoffing a lot that QC is all fear mongering and just being used to sell alt coins.
And after about 3 mins of that finally said a truthful thing. Computers will become better and devlopers will find better ways to secure them.
I think the one thing he is missing is that we very likely do not have much time to develop the needed defense and get it implemented.
And that's just to cover future data security. We have no idea of the implications of any actor being able to decrypt old data..Comment -
That's what I think, Opti. He said that during a podcast.
Guy has had a ton of recent success. Ego going to the moon? That's not my image of him, but you never know.
MSTR has generated a ton of discussion. I won't claim to understand all his moves. So, I question the fair value of his company.Where's the fuckin power box, Carol?Comment -
Yeah, I think I'll just wait and see what happens. One can't rule out some other tech becoming available to counter quantum computing being used for nefarious purposes - like hacking into your crypto wallets. Ya know? Why bother with hardware wallets, back up phrases, stamping systems, etc. if quantum computing is going to come along and defeat it all? That's kind of a no-win, demoralized outlook, IMO.
But it hasn't happened yet. When they crack Monero....that would get my attention - but they haven't done that, yet either. So, in the meantime, I'll continue to use the best tools available to protect what I have invested in crypto....
AI/Quantum Computing - like a lot of things can be used for good or bad - depends on who's using it and for what purpose.
One thing about gold/silver - they are unhackable.
Last edited by Arky; 01-24-25, 06:11 AM.Comment -
This guy (Jeff Park) is super-bright. (8:00) He talks about Bitcoin having high kurtosis and fat-tails.
...Not too many people will understand what he's saying.
...He's saying that the extreme events don't follow a Normal Distribution. He says that the tails are hard to model.Where's the fuckin power box, Carol?Comment -
Park is considered to be a guru in the Bitcoin sharp community. He seems to imply that the Bitcoin price is reflexive.
...If I interpret his comments correctly, he's saying that parabolic moves tend to continue.
We shall see. Park's IQ is way over my head.Where's the fuckin power box, Carol?Comment
