I also use single sig with pp. our back up method is different with pros and cons. I trade convenience for security.
That’s not SeedXOR. That’s deterministic entropy via BIP-85. Different.
No but I used to at work before they moved to mobile authentication app. I miss the yubikey tbh
How can you use one plate to back up of 3 deterministically split seeds when there are a near infinite amount of possible combinations?
SeedXOR doesn’t mean less hammering but more. I recommend checking out SeedXOR.com
Don’t shitcoin. It’s not worth it.
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True. Giving a key to a lawyer, one to a husband/wife, and keeping one for yourself is 100x easier to inherit than giving someone a worksheet and saying “do math”
My keys will most likely go to the grave with me, but I’m pestering #[4] and #[5] to add SeedXOR every once in a while. Will be amazing. Like super amazing.
Also, SeedXOR is to use multiple private keys to “add” together to reveal another private wallet. I don’t think you should use it the other way where you keep one wallet and try to “subtract” out the other wallets.
It’s a way to protect one and not for backing up multiples from one wallet.
The idea is you want to secure a single sig wallet, we will simplify it as the number of 200. Then we can form 2-4 other wallets that “add” together to form 200. There’s many, many, many possible combinations of numbers that add up to form 200.
1+199
2+198
1+2+197
And so on
Pick any three to create your SeedXOR backup.
If you only backup 200 expecting to restore wallets from it reversing the SeedXOR process, you most likely won’t get the same sets you did the first time.
This is assuming there’s only 200 private keys, and in reality I’m pretty sure you will never recreate the same set.
Prior to taproot, single sig fees were cheaper, and one could distinguish single sig addresses from multisig which kind of defeated plausible deniability.
I’ll keep hitting you with a wrench until we find all m-of-n.
After smashing 24 seed words x 6 sets… I’m going to need some incentive or incident to change. That’s probably the biggest downside. 6 backups is a lot to hammer into washers.
at the time, I told my girl, “this is why they call it proof of work”
Also, the wallet that all 3 keys combine to reveal, that can also be a dummy wallet that you can preload with a honey pot, and then add a 25th word passphrase for your REAL wallet.
Now we got SeedXOR + 25th word with 4 alarms at 3 locations for 2 “levels” of wallets.
I did use multisig beforehand, but i geeked when I found out about SeedXOR. Again, taproot probably changes things a bit, but I haven’t looked at that yet.
make extra copies of each key to solve for redundancy.
Location 1: keys A and B
Location 2: keys B and C
Location 3: keys A and C
Any single location can be compromised and I can still recover funds with remaining two. Also I can load each individual private key with a small honey pot and set them up as watch wallets to give me notification that someone has found one of my parts and accessed the funds.
East Coasters has badass artists. I stare at my Curated Flame Ned just about every time I smoke.
Thanks for pointing this out. Another reason i appreciate different walks of life, especially in #Bitcoin.
Quick tour of this new carrying case design, almost finished with it: https://nostr.build/p/nb3392.mov
Faraday box dreams
Funny story: I bought two because I didn’t know the potential of having just one.
They wouldn’t let me quit the 401k scam until I quit my job.