NVK: What is a Bitcoin Cold Storage Wallet?
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- Опубліковано 23 чер 2023
- NVK and Natalie Brunell speak about the importance of having your Bitcoin in "cold storage," and discuss tips on getting started on maximizing your privacy.
Source: @nataliebrunell
• Bitcoin Self-Custody a...
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7:12 Everybody makes the "gold is heavy" argument. $100K in gold, at the current spot price, is under 4 pounds. $1 million in gold is about 35 pounds. Doesn't really require a forklift or an army to manage, and most people don't have anywhere near that much money.
9:57 It would seem that if it's your life savings, you might want to use a multi-sig wallet. Get 3 wallets from 3 different manufacturers, and then require that 2 wallets are needed to sign transactions.
shit takes
Exactly. A very weak, and not thought-out, perspective.
NVK,12 words in order are certainly far easier to memorize than 24. Other than the key length being 128 bits vs 256, are there any functional reasons 12 is less desirable than 24? Where can I learn the details?
24 words are not more secure than 12 words because the amount of time to calculate the private key of a public key takes the same amount of years like bruteforcing the correct 12 words in the same order.
so lets say you have 24 words. of course it will take more years to bruteforce 24 words than 12 words, but it is actually not necessary since an attacker would instead try to calculate the private key of a public key, which takes the same amount of years like bruteforcing 12 words
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love that Brazuka