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RE: How to Cold Store Your Bitcoin/Ethereum/Altcoins -- NOT in a Hardware/Paper Wallet!
Wow. This post is very well done, and perhaps really took a lot of effort to make.
The thing is, unless we have more than 1 bitcoin this may be an overkill. Especially for non techie people. It really is rare nowadays for a regular household to have an "air gapped computer". So if i've got a quarter of a bitcoin right now it would be impractical for me ( cost-security ratio) to do this. Please don't get me wrong. This is a wonderful Idea, and I could be kicking myself in 10 years when I have 0.25 Bitcoin and I did not took extra efforts to secure it and it will be $50,000 by that time. :)
Thank you! Yes, it is some effort, but actually, an "air-gapped computer" can be the same one you're using right now. Air-gapped just means disconnected from the internet. Using a verified version of Tails and then disconnecting the computer from the internet when actually doing the sensitive generation steps should do the job! Of course, ideally you'd do it on a truly separate air-gapped computer, but that's really not necessary, especially for something like 0.25 bitcoin.
Hope you find it useful, now or in the future haha :)
Wow, I wasn't aware of that too. It's a bit long but this looks really interesting. I hold a small amount of Ethereum and I'll see if I can follow these steps. Thank you @grayolson
I did another post that goes into a little more detail on how to do this specifically with Ethereum here :) https://steemit.com/cryptocurrency/@grayolson/store-ethereum-as-securely-and-reliably-as-possible-how-to-make-and-properly-use-an-ethereum-cold-wallet-not-in-a-hardware
Cool! Let me take a look. :)
Great :) You're welcome!
Oh I see, as you can tell I'm one of those non techie guys. Thanks for that, I'll really look into this now since it's possible. Appreciate the response. I'm an avid follower now. Please continue to post more topics like this.
Awesome! Glad to have helped :)