Nostr Web Client

Brain wallet.

You need to memorize your seed phrase.

If you are preparing for worst case scenario that means you may not be able to go get a physical back up. If you memorize the seed you can restore when you get to safety wherever or whenever that occurs.

Oouf, not sure I would trust my brain.

On the other side, not sure i would trust to bring a steel plate across border.

Should not be your only back up

Keep both steel and memorized.

It’s only 24 words not that difficult actors can remember entire scripts.

12words I've heard is enough with 24 not making itbany more secure. But I honestly don't know enough about why

Yea 12 with a strong passphrase is probably enough

Its something about 128 bits of randomness from 12 words and how ecc is/128 bits too. Something like that

A script can easily be remembered because sentences makes sense. You could technically remember the 24 words if you try to make up a song or story but I believe it’s slightly different.

Repetition repetition repetition

Yes turning it into a story or poem can be helpful.

Pana - The Refuge Network State 3d ago

This is why it's good to be able to have both Monero and Bitcoin on the same Cake Wallet seed phrase, so you have to remember only one 😅

2Pac 3d ago

Each wallet has its own seed phrase can’t have one for both. We were talking about memorizing seeds for end of days scenarios.

wh0mi 3d ago

On cake there's a wallet group feature. You can have multiple currencies under one seed phrase

2Pac 3d ago

Didn’t know that was a thing

wh0mi 3d ago

I actually just learned about it yesterday when exploring cake. I tried restoring it for testing too

Pana - The Refuge Network State 2d ago

I tried the consolidated wallet thing coz Cake recommended it to me, but when you choose Bitcoin and Monero together, it didn't give that option, so I had to whip up a new seed + wallet.

Purrhaps with other coins.

wh0mi 2d ago

Yeah I just tried with monero and it said it wasn't supported. I tested it with BTC and DOGE (please give me grace lol)

2Pac 2d ago

😂

Pana - The Refuge Network State 2d ago

😆

So I'm assuming you mean you want to be able to move bitcoin (not going to respond to monero) a cross borders in an emergency

If you want to carry a physical wallet across borders that's probably a higher risk than just having a multisig setup with keys distributed to both locations. Though physically securing it in your second location when you aren't there has its own risks.

I'm not sure which wallets you're looking at that are getting obsoleted but since even the earliest wallet types still work on the bitcoin network maybe you're buying it from closed source companies that you aren't actually managing the hardware for?

If you really don't want to rely on a finalized product seed signer is open source and uses commodity hardware but I think best practice is to not store your seed phrase on it since its not designed to have a secure element and general computing hardware might be a larger attack surface for key extraction. I'm sure there is a case to be made the other way.

The other option is a brain wallet

Exactly, I was refering to Ledger.

What’s a brain walllet? One that you memorize the seed phrase?

I understand the argument of passing the hardware wallet through security checkpoint.

Would Tangem then be a good alternative?

Brain wallet just means memorize the phrase but its more a last choice emergency situation where you have to get out and can get to safety fast enough that you won't forget your phrase

As for tangem I have only seen it in passing before.

I can't figure out if the firmware is open or not. Its interesting for your use case cause Ican see how you might be able to hide it as a credit card.

I would be worried about it not having a screen to verify addresses when you sign.

cadayton 5d ago

Here is my opinion. If you are technically capable, then you don't have to buy shit to have a rock solid implementation.

When someone is trying to selling you stuff to buy it should raise a BIG red flag.

1. Always self-host everything as much as possible.

2. Spin up a VM instance dedicated to #bitcoin stuff only.

3. What to run Bitcoin Core/Knots spin up a second VM instance.

As for #bitcoin vrs #monero, I would gain rock solid understanding of #bitcoin before consider anything else if you want to avoid the school of hard knocks.

I would start with the Sparrow wallet.

If you need deeper guidance check out my blog post on how to implement stuff. cadayton.onrender.com/blog

Nice blog site! Will give it up a red for sure.

Self hosting is my moto, however, it’s hard to use a node when I’m moving.

The node is good if you are static at your own place, if I am more nomads, what would be better?

cadayton 5d ago

When u say node do you mean Lightning or Bitcoin Node. I've have a Lightning node running (BTCPay server) in OCI with zero hosting costs for the last three years. One of my blogs covers how to do this.

If you are moving around a lot, then you'd have to shutdown your VM(s) for a short period. No getting around that.

1984 5d ago

Monero without any hesitation! You can always swap to BTC if that will ever make sense for you when you need FIAT.

- You don't want a target on your back or sleep bad at night because you are unsure about who can trace your BTC to you. Way to many people has been social engineered, robbed, kidnapped and killed on that account.

- You don't want someone as the US gov (any government) to come up with a huge tax claim on your perceived balance.

- You want to be the sole decision maker on where and when you decide to pay you tax.

- In this quantum age we move into, you want to hold your asset in what is possible most resistant to that. Monero when FCMP++ is implemented.

- Simply based on market cap. Don't expect BTC to make a 10x within the next 15 years (maybe ever). Monero have the potential to do that within a reasonably time horizon. ROI

I'm not sure about the best wallet option. But, I would probably spread it out on multiple different wallets. And make sure your family can somehow access your funds if you disappear.

ede3d957... 5d ago

Look into AnonNero, Cupcake, Sidekick or XMRsigner.

Else you could have Feather on Tails and write down or remember the seed.