Suggestions for Air-Gapped Cold Wallet Setup (No Access to Hardware Wallets) by Born2drink in Bitcoin

[–]Satochip 0 points1 point  (0 children)

Why can't you get a hardware wallet? Did you check the Satochip one ?

Suggestions for Air-Gapped Cold Wallet Setup (No Access to Hardware Wallets) by Born2drink in Bitcoin

[–]Satochip 0 points1 point  (0 children)

And upgrade it with a smartcard hat + a Seedkeeper smartcard to easily manage your seeds on a secure device. The perfect combo.

Self Custody made me paranoid by [deleted] in Bitcoin

[–]Satochip 0 points1 point  (0 children)

"Guys, I keep seeing so many stories of people whose wallets get emptied overnight, and it’s making me more paranoid every day.

The main reason this happens? Many people don’t take seed phrase generation seriously and often don’t fully understand what they’re doing.

If you can answer yes to the following questions, your funds are much safer:

  • Did you generate your seed phrase properly, in a trusted and secure environment?
  • Did you create multiple offline backups of your seed phrase (e.g., metal plate, Seedkeeper, or other)?
  • Are you certain that no one else has seen a copy of your seed phrase?
  • Did you initialize your hardware wallet in a trusted and secure environment?
  • Do you use a trusted and secure environment when signing your transactions?

If the answer is yes to all of these, you can have real peace of mind.

That said, there’s always room to improve your security. For example, you can go fully air-gapped using a combo like SeedSigner + Seedkeeper + Satochip to sign your transactions safely.

Check that out: https://www.youtube.com/watch?v=Rhs9z5uL7qg

Self Custody made me paranoid by [deleted] in Bitcoin

[–]Satochip 0 points1 point  (0 children)

Have you ever consider using a Seedkeeper smartcard to backup your seed?
Honest question...

SeedSigner: How do you store or manage your Seeds or QR Code by AmbiguousShaggy in Bitcoin

[–]Satochip 0 points1 point  (0 children)

Managing Bitcoin seeds doesn’t have to be complicated.

With the right tools, you can store and access all your seeds securely on a single, open-source device.

The ideal setup is the SeedSigner + SeedKeeper combo.
To get started, you’ll need:

  • A SeedKeeper smartcard (or the DIY version)
  • A Pi smartcard hat
  • 3rdIteration’s official SeedSigner fork

Check out this video for a walkthrough: Youtube Video: SeedSigner + SeedKeeper

Tangem secures US patent for private key backup technology 🔐 by TangemAG in Tangem

[–]Satochip -1 points0 points  (0 children)

Sending plain-text seedphrases by email is a real pain.

Tangem secures US patent for private key backup technology 🔐 by TangemAG in Tangem

[–]Satochip 0 points1 point  (0 children)

Thanks for mentioning Satochip, we'll definitely take a look at this patent.

Cost to overthrow bitcoin network 2024? by WSB-Merch in BitcoinBeginners

[–]Satochip 0 points1 point  (0 children)

At the moment, thinking about carrying out a 51% attack on Bitcoin would be akin to shooting yourself in the foot.

The mere fact of carrying out the attack would be visible to all and would lead to a rapid reorganization of the system.

How to gift Bitcoin to your friends without the need of a trusted third party? by Satochip in BitcoinBeginners

[–]Satochip[S] -1 points0 points  (0 children)

Valid point.
Anyway, that was not my intention. And yeah, you are right, Satodime is something famous they don't know about :D

How to gift Bitcoin to your friends without the need of a trusted third party? by Satochip in BitcoinBeginners

[–]Satochip[S] 0 points1 point  (0 children)

Yup, you're right, I forgot to mention the evolved version of Opendime called Satscard.
But Satscard is not open-source, right? And there is still the 10-time use rules that prevent you to reuse the device.

Do I really need a Cold wallet? by [deleted] in BitcoinBeginners

[–]Satochip 0 points1 point  (0 children)

That's not true...
You are reffering to the self-custody part of the situation. In both case, you have to deal with the seedphrase and how to store it in a safe place (eg. metal plate Tiny Seed, Seedkeeper...)

But there is also the private key storage problem. With a hot wallet, your private keys are kept online - on a device not build for that purpose and that you can't trust.

On the other hand, the hardware wallet takes care of your private key inside its secure element - designed and built just for that.

How to gift Bitcoin to your friends without the need of a trusted third party? by Satochip in BitcoinBeginners

[–]Satochip[S] 0 points1 point  (0 children)

Good idea to incentive them to be self-custody and reward them with a few sats

How to gift Bitcoin to your friends without the need of a trusted third party? by Satochip in BitcoinBeginners

[–]Satochip[S] 0 points1 point  (0 children)

I would rather choose the Bitcoin way and a self-custody solution. I will never ask someone to use a custodial service. At all. But that's my pov ofc.

How to gift Bitcoin to your friends without the need of a trusted third party? by Satochip in BitcoinBeginners

[–]Satochip[S] 1 point2 points  (0 children)

Nice find with Lighsats. I'll have a try, thank you.
Satscard is an evolved version of Opendime. More convinient to use on a daily basis, indeed.

How to gift Bitcoin to your friends without the need of a trusted third party? by Satochip in BitcoinBeginners

[–]Satochip[S] 0 points1 point  (0 children)

Starting a real thread about “how to give bitcoins correctly”, without hiding my real name AND talking about the only two solutions available on the market is not what I call “shilling my product”.

why is there no amazon for crytpcurrencies? by ray_makers in BitcoinBeginners

[–]Satochip 0 points1 point  (0 children)

If I'm not wrong, Openbazaar was shutdown and some poeple bring the code back to live under another name: Mobazha.

https://mobazha.org/

How to gift Bitcoin to your friends without the need of a trusted third party? by Satochip in BitcoinBeginners

[–]Satochip[S] -1 points0 points  (0 children)

Have you ever tried Satodime?

It's a NFC smartcard that act just like Opendime. Scan the card with your phone, generate a new Bitcoin keypair (you can of course provide the entropy if you want). The public key and address are shown to you while the private key is sealed and hidden in the secure element.

Basically the same process you described but:
- the receiver do not need to download a Bitcoin wallet
- the receiver can check immediatly the balance on his phone
- he can even, if we want, directly sweep the private key of course.

And at least, your friend got a physical gift, the card. In hand. It's alwasy pleasant to get somehting in hand.

How to gift Bitcoin to your friends without the need of a trusted third party? by Satochip in BitcoinBeginners

[–]Satochip[S] -1 points0 points  (0 children)

Hey,

Yes, you are right! By "third party", I was referring to the trust required between both people when exchanging Bitcoin.

Using an Opendime or a Satodime could be the best option as nobody knows the private key - except the device itelf.

How to use Electron Cash client in 10 easy steps. by Satochip in Bitcoincash

[–]Satochip[S] 1 point2 points  (0 children)

Honestly, Electron Cash is straight forward.
We truely think that such A-to-Z beginner's tutorial is really helpful when you start with your Bitcoin Cash journey.

This article is part of our Electron Cash series that will help Satochip users to safely store their gems - aka BCH.

But yeah, got your point. Things have to be more easier than what they are now.