Would still prefer the peace of mind of a complete air-gap between my funds and the rest of the world.
storage is an issue that needs to be addressed thoroughly.
Without getting too pedantic your funds are never offline as they are always just a "score" on the blockchain. Once you send funds to the public key it's out there and can be brute forced (though most likely so hard no one bothers trying).
A better strategy would be to have your funds spread between a half dozen or so wallets each with a different passphrase and uploading them to DropBox, OneDrive, GoogleDrive, and whatever you have for usb storage, printing private keys, etc.
Cracking one of your private keys wouldn't gain them anything on the others and with TITAN it'd be very hard for a hacker to pick targets.
Also, it's highly unlikely that a hacker is going to spend significant resources on a wallet they can't get the balance of. TITAN takes care of that too.
Good points!
Perhaps it is a psychological thing.
The client feels like a hot wallet, and already most crypto investors feel hot /= secure.
Also, my last attempt at multiple wallets did not end well.
Currently it seems to be one wallet/password per machine which is obviously not conducive to this approach.
Best of all worlds would be a watch-only mechanism where BTSX and bitAssets could be transferred to a paper wallet or other media and physically secured.
The trick, of course, is avoiding the inactivity fee when in storage.
Perhaps the only way to do this is to pay a small cold storage fee to the network, like a safety deposit box fee.
Not really unreasonable at all!
The owner just burns a small amount of BTSX as proof that the funds in storage are being stored rather than lost.
Would still prefer the peace of mind of a complete air-gap between my funds and the rest of the world.
storage is an issue that needs to be addressed thoroughly.
Without getting too pedantic your funds are never offline as they are always just a "score" on the blockchain. Once you send funds to the public key it's out there and can be brute forced (though most likely so hard no one bothers trying).
A better strategy would be to have your funds spread between a half dozen or so wallets each with a different passphrase and uploading them to DropBox, OneDrive, GoogleDrive, and whatever you have for usb storage, printing private keys, etc.
Cracking one of your private keys wouldn't gain them anything on the others and with TITAN it'd be very hard for a hacker to pick targets.
Also, it's highly unlikely that a hacker is going to spend significant resources on a wallet they can't get the balance of. TITAN takes care of that too.
http://www.reddit.com/r/Bitcoin/comments/1rurll/on_the_subject_of_listing_all_possible_private/
cracking TITAN keys is much more resource intensive as you still have to rescan the WHOLE blockchain on every single guess .. that is WAY .. WAY ... WAY .. to expensive!
We really need this sort of thing to be very visible to newcomers.
I've been here a while and did not know this.
This would give the typical BTSX/bitAsset owner a large measure of comfort.
Show Posts
