Replying to Avatar MiCrypt

I love hardware wallets.

They are especially important for active people who make transactions often.

But for storing the most important thing ā€” the Bitcoin keys ā€” I choose MiCrypt as my backup shield šŸ›”ļø

Custom encrypted ā€¢ No visible words ā€¢ Fire, water & prying eyes resistant

micrypt.shop

It's a new solution, so check it out and tell me what you think. What's your biggest concern with backups?

#selfcustody #privacy #coldstorage
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Learn About Bit 2w ago

Sounds like a cool option!

Iā€™m not an expert on cold wallets but the 2 concerns I see right now are:

Reliance on centralized software, if the wallet can only be used through one centralized software and that software is compromised then it could be a problem.

Seed phrases being cracked by computing, as computing gets better I feel like it may be able to crack these shorter seed phrases (12 words) and get into wallets.

Iā€™m sure there are some other concerns that I should be aware of but those are the 2 that come to mind.

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MiCrypt 2w ago

In theory, there's logic to the quantum threat that everyone's worried about lately.

But keep in mind ā€“ if 128/256-bit entropy ever becomes vulnerable in the future, there will be a ton of problems and questions. Probably, as technology advances, the same progress will be used for protection in parallel.

On the software side, short version:

always stay vigilant about what you use, where you click and what you install. Open-source clients are preferable,

and that fear of potential leaks is actually super useful ā€“ it keeps you safe.