Let’s say you travel abroad, you can carry your private key everywhere you go, or remember your seedphrase.
But, you still need to trust the software wallets you’d use kinda? I mean, opensource software is good, everyone can check the code. But if you’re not a developer, you still gotta trust the software. No?
Just some sunday evening thinking 🤔 or maybe I just can’t handle these temperatures today 🤷🏼♂️
#bitcoin #asknostr
*No matter what anyone says,* there is definitely an aspect of trust to all of this. Regardless of open-/closed-source or anything else. A person built these things, no matter how you look at it.
💯 same thing goes for the bitcoin source code. It’s not ‘trust less’. I can write or read a lick of code so I’m relying on the expertise of other dev. Preying they don’t miss something. I guess it’s a case of the more eyes on it the better
Facts. I think it’s cool that people are able to verify open source software. I wouldn’t know the slightest bit about it.
This is why I store keys on steel plates. I don't own a single "hardware wallet".
And how do you generate these keys? I’ve heard you can do it with a dice. There are other ways too I thought
There are many ways, but always remember a #bitcoin private key is just a very large number
I linked the #butcoin private key you create completely offline in a separate response but here it is again…version 2 in stainless steel is prototyping now and I hope to have it ready for sale for around $129 within a few months
* #bitcoin
#butcoin is an #excusecoin 🤣
I create them offline with a wallet I've used for over a decade and BIP-38 the keys.
seeing BitcoinLoveLife's link I just point out that I don't roll dice for seeds. I just encrypt keys with BIP38 for laser edging onto steel plates.
And why BIP38? And how do you generate them?
I never evolved past private keys. I don't need a seed phrase to recover an entire wallet if I only use two addresses from said seed. I also still have some legacy addresses. There is several ways to go about this.
One way is to run https://segwitadress.org/ locally, create an address then BIP38 it with a local copy of https://www.bitaddress.org/
Kind of, but if the code is indeed open source, it wouldn't take long for someone to point out if there's something shady in seedsigner's code for example, so the amount of trust is still very limited, especially over time. Then again, if you don't verify the source when you download firmware, you are blindly trusting a potential danger. So that part's on you.
That’s very true I think. I just think it’s insane that some people know how to write and read code like that. I don’t know the slightest bit about programming 😂 I wish I would tho
It's as simple or as complex as you wanna make it yourself.
I found python to be a particularly comprehensible language.
I'm nowhere near "good" either but reading for the sake of checking for malicious intent is doable for anyone imo.
I used to suck at many things such as maths, but I was just uninspired until I found bitcoin and learned how to verify the given formulas myself haha.
I shared the same concerns, so check out https://modulo.network and their private keys
