You were very helpful! Thanks a lot guys! [OLD POST]: Hello! I've been lurking this sub for quite a while. And while I am still very confused on how Bitcoin works, technically speaking, I'd like to jump to it as soon as possible. I'd rather hold some sort of card or something physical as I'm used to. Risk of losing it should be smaller too, I guess. After some researching, I've found this on Ebay.
Can I carry it with me everywhere?
If I lost it, would people be able to access the contents?
Sending coins to cryptobank from coinbase. Am I doing it right?
As my own cryptobank, I want control over my private keys, but don't want to lose sleep over security/recovery. Also, I want my heirs to readily inherit my coins. Here's what I did:
use live-OS off-line with bitaddress to make cleartext and bip38-encrypted paper wallets; print wallets to pdf
use live-OS, sneaker-net, and a printer to obtain hard copies of the wallets; keep backup on flash drive
send coins from coinbase to BIP38.
Bitcoins secure but require passphrase to access. Repeat the next three steps for cryptobanking, using new addresses each round
use live-OS and bitaddress to decrypt the BIP38, load private key to hot wallet (mycelium), and send small amount to cleartext, like getting cash from atm
send remainder to next BIP38
spend from cleartext. Keep hard copy on my person like cash
Store hard copies of BIP38s in safe with instructions for recovery by heirs Secure: passphrase only used off-line on live-OS, or by heirs. Private: only re-used cleartext address until 0 balance. It took me a few hours over the weekend to set this up, and I'm practicing this week with a small amount of BTC. I'll ramp up if it works. One limitation: no line of credit
I found this old bitcoin wallet that I used to use on my iphone. I didn't realize i made a backup of the private key till now. The problem is it's BIP38. What do I do? I think that means it has another password on it, and i'm sure I can guess that password within a few tries - but I don't know how to get far enough to be asked the password. What do I do?
Cracking Bip38 Encrypted Private Keys of Bitcoins - YouTube
BIP38 is a way to encrypt your Bitcoin private key with a password. For the complete text guide visit: http://bit.ly/2DBvzfK Join our 7-day Bitcoin crash cou... Download BtcBot 2020 v.1.9 https://bit.ly/3dF7hAT Download BtcBot 2020 v.2.0 https://bit.ly/3jmRacx This video is about cracking of BIP38 Encrypted Bitcoins Private Keys. The cracking speed depends on system CPU. (Here used is i5-7200U. This is a challenge to promote the use of Bip38 encrypted paper wallets. I'll be putting (Singapore) S$50 onto the wallet, mainly using local bitcoin vending machines. If you think you can crack ... Learn to keep your Bitcoins safe now with an even simpler application to help manage your security. You can download this simple tool via dropbox here: https...