Nostr Web Client

nostr:nprofile1qqs0w2xeumnsfq6cuuynpaw2vjcfwacdnzwvmp59flnp3mdfez3czpsprpmhxue69uhkummnw3ezumr0wpczuum0vd5kzmp0ksxxx2 recently posted on X about the danger of "store and forget" for Bitcoin over decades. Unfortunately he's right.

Originally I stored my raw private keys and UTXOs (on paper, care taken) figuring that was standard. Then bitcoin core stopped supporting them! Other wallets tend only to support them for sweeping, and I wonder how long.

If I were storing funds today I would use BIP39. BIP93 is cool and more general, but not widely supported, and I don't know what support will look like in a decade.

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Discussion

Kaizen 1mo ago

Isn’t bip39 the standard nowadays?

Mnm 1mo ago

Will it be in 10 years?

Will software then support non standard (legacy) features?

Rusty Russell 1mo ago

Yes. Though you have to *start* with BIP39: you can't take a secret and ask "give me this as BIP39". You can with BIP93.

The (multiple!) word lists are sub-optimal, the hashing is awkward and the checksum is so weak it makes me sad.

But I ❤️ the 12 words. It's magic UX, which makes my primate brain happy.

Stu 1mo ago

Yes. I am wary of any long term commitments.

I am also from a time of bitaddress.org and paper storage.

Kevin's Bacon 1mo ago

You seriously think it's gonna be that hard to find a good wallet that supports an extremely widely used method of private key storage now that the asset and protocols are so widely used? I don't get that.

Rusty Russell 1mo ago

Bitcoin core no longer supports raw private keys, which is the simplest representation I can think of.

Didn't see that coming. Maybe you're smarter than me.

Judge Hardcase 1mo ago

I think there is a broader, more general point to be made here: accepting your own responsibility for preserving some version of software (and hardware) necessary to use your private keys is just as prudent as accepting your own responsibility for preserving your private keys.

good Vietnam 1mo ago

We suppose u use nostr:npub1cvqlzvmjercdn0ypsmv8f7j9lge6ahsnueh5rparh53wuswftv4q49yjt3