Replying to Avatar Rusty Russell

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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Kevin's Bacon 1mo ago 💬 1

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.

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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.