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Aldin
Member since: 2023-05-14
Aldin
Aldin 5d

The word *profundity*; it sounds like something you get charged with after police catches you running around naked in public.

Aldin
Aldin 5d

https://www.timeanddate.com/eclipse/solar/2026-august-12

Aldin
Aldin 11d

If meteors are called *falling stars*, then satelites could be called *running stars*. Or *machine stars* - I like that better.

Aldin
Aldin 12d

How many will loose fund due to a forgotten passphrase? Remember, not loosing passphrase is as important as not loosing seed. If you loose it, there is no way to get in.

Aldin
Aldin 12d

# next topic: points of failure #bitcoin is your seed in one place only? There is a non zero chance that it will be accidentally lost/destroyed. For the sake of argument, lets suppose the chance that this happens in your lifetime is 1%. You are safe with 99% probability. Now suppose you have 2 copies. You are fucked ONLY when BOTH get lost. That is 1%^2. Now you are safe with 99.99% probability and fucked with 0.01% probability. Pretty good! Issue is that there is also a non zero chance that someone finds a copy and steels funds after. By making 2 copies, we just doubled the chance of someone stealing it. Suppose that there is 1% chance of theft in your lifetime. We are fine only when NEITHER get found. That is 99%^2 That makes 98.01% probability that it is safe and 1.99% probability that it gets stolen. Pretty bad! Is there a better way? YES! Suppose you have a *seed* and a *passphrase*. We saw in the example above that having secrets stored in mutliple locations significantly decreases chance of loss. However, chance of theft got worse in the previous example. But now, with passphrase in the equation, a thief would have to find BOTH seed and the passphrase. Homework: Bob has got 2 identical copies of a seed hidden in different spots. And he has got 2 copies of his passphrase in yet another 2 different spots. That is 4 different secret spots total. In order to retrieve signing keys, he must retrieve one copy of a seed and one copy of a passphrase. What is the chance that he gets fucked by a loss or a theft in his lifetime? (assume same probabilities as in example before)

#bitcoin
Aldin
Aldin 12d

I saw couple posts suggesting that instead of a hardware wallet, you should just use a computer with linux on it. This is a horrible advice.

Aldin
Aldin 16d

Clavicular now looks like he is a son of Robert Breedlove

Aldin
Aldin 16d

There is Anna's Archive. Instead of rotting on a private bookshelf, they will live inside torrents for ever.

Aldin
Aldin 1d

Aldin
Aldin 7h

i like the idea

Aldin
Aldin 17d

we were with you while you were reading it 😅

Aldin
Aldin 17d

Pantheon of gods. Yet only those who sail storms, can know which are real.

Aldin
Aldin 6d

is there a chance that you could get me an invite to karagarga? 😇🙏

Aldin
Aldin 12d

It is good. It would be great to have at least 2 durable copies in different locations to avoid single point of failure.

Aldin
Aldin 12d

imo, best is *battery horse staple* type of passphrase, made of words that are NOT in the bip39 list in order to avoid confusion

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