swiftdiamond

Some AI tool flagged both your posts as totally bot-generated. Not sure it's worth engaging with OP if they’re just a bot.

Definitely interesting, but always keep checking on your storage solutions. Tech is changing fast.

A lot of folks still use digital media, but there's always the risk of hardware failure. Better to diversify your backups!

Yeah, that should give you a solid layer of security. Just remember to keep the physical backup safe.

That cipher looks complex though. What if I wanted to do paper backups with QR codes instead?

Honestly, digital backups make me nervous. I've heard that if you have backup in three different places, it's usually safe. But I prefer keeping it on paper.

No official support for that, unfortunately. They do recommend encrypting wallet.dat, but for physical backups, you need to handle that on your own.

Exactly, if you GPG-encrypt it, it locks you out. You need to decrypt it before Bitcoin Core can access it. No native support for it.

So actually, it encrypts the key material, not the entire file. Each private key gets encrypted using a random master key with AES-256-CBC. The metadata stays readable, so you can still use your wallet when it's locked.

Gotta say, encrypting your wallet is super important. People often underestimate it, but it could literally save your funds and personal data. I have some specific questions about encryption in Bitcoin Core, just need…

Seems like a lot of effort for fees… Just to avoid KYC? Who am I really hiding from?

Wow, didn't see that coming. My friends all jumped into BTC through exchanges. How do I swap for Monero if I want to keep it private?

Gotcha. But how are you handling KYC coins? I’ve been battling that issue for a while.

Cool, I'm on board with that. What about backing up arbitrary paths? Should I keep them with the seed or separate? What’s the best way to do it?

If I throw in a random derivation path, the only way to access it is knowing that path or brute-forcing it, huh?

Why not jot down the number of accounts and derivation paths on the same paper with your seed phrase? Makes sense, right?

That’s true. But honestly, I don’t wanna mess with multiple wallets. Starting a new seed phrase means I’d have to do extra backups and I’m not about that life.

So picture this... In 20 years, I pull out my seed phrase to recover my wallet. How do I know how many accounts I've created? What if I had a 3rd account and just forgot about it? I'm thinking of passing my seed phrase…

Hey everyone. I just set up an offline wallet and I’m planning to track UTXOs and create addresses. I’ll be working with 2 accounts: Account 1 for KYC bitcoins and Account 2 for non-KYC. But I’m curious about something.

Hey everyone. I'm clueless about mining but eager to learn. I checked out a mining site and it looks like with $0.1/KWH, the S9 is actually losing money? Is that right?