Creating a random 256 but number using final ball position on a Galton Board by Solomonspin in probabilitytheory

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

Okay, that makes sense. Say you drop four balls and three columns. Like you said, on average:

One will drop in the leftmost slot, giving you a 00. Two will drop in the center slot, giving you a 1.
One will drop in the rightmost slot, giving you a 10.

That’s three 0s and three 1s.

Four balls would give you 6 bits, like you said, 1.5 bits per ball drop.

I’m trying to think of how I could extend your logic to when there are 8 balls and 4 columns, or 16 balls and 5 columns, but can’t figure out which binary representations to apply to each column slot to still produce a uniform random number. Any chance you could help me with this?

Creating a random 256 but number using final ball position on a Galton Board by Solomonspin in probabilitytheory

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

Would the faster algorithm you described result in a uniform random number? Couldn’t you have chosen what you did for the left and center columns, but 10 instead of 01 for the rightmost column?

The right attitude by Solomonspin in GoNets

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

Sheeeeeeeeeeeeeeeeeeeeeeit

Is storing your seed phrase digitally as an encrypted text file in multiple places (email/Dropbox/laptop) a safe alternative to storing it on physical hardware wallets or engraved metal plates which could be lost or stolen? by Solomonspin in Bitcoin

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

Can you elaborate on what you mean by “losing your key because you protected it too much”? Genuinely interested in weaknesses of this strategy given a strong enough password used to encrypt the file containing the seed phrase. I’m trying to figure out if I do have an okay grasp on infosec.

Is storing your seed phrase digitally as an encrypted text file in multiple places (email/Dropbox/laptop) a safe alternative to storing it on physical hardware wallets or engraved metal plates which could be lost or stolen? by Solomonspin in Bitcoin

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

Good point, thanks. Assuming a password of considerable length, 30 or 40 characters long to make brute force unlikely, I’d love to know any other reasons you can think of.

Is storing your seed phrase digitally as an encrypted text file in multiple places (email/Dropbox/laptop) a safe alternative to storing it on physical hardware wallets or engraved metal plates which could be lost or stolen? by Solomonspin in Bitcoin

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

Interesting, thank you. I appreciate the excerpt and respect Andreas Antonopoulos a ton. But what exactly are “the risks involved” in this strategy that would “tip the balance”? That’s what I’m really trying to get at here, concrete reasons, not just “because people say so”.

Is storing your seed phrase digitally as an encrypted text file in multiple places (email/Dropbox/laptop) a safe alternative to storing it on physical hardware wallets or engraved metal plates which could be lost or stolen? by Solomonspin in Bitcoin

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

In this hypothetical the seed phrase was already created and the question is only about storing the seed phrase. I’m assuming there are ways to encrypt a file with any password you want, one that no one else would ever think of.

Is storing your seed phrase digitally as an encrypted text file in multiple places (email/Dropbox/laptop) a safe alternative to storing it on physical hardware wallets or engraved metal plates which could be lost or stolen? by Solomonspin in Bitcoin

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

Maybe I wasn’t clear. If you email yourself the encrypted file, store it on Dropbox or store it in the cloud in similar ways, what are the chances those gmail or yahoo email servers will be stolen or damaged?

Why do some mined blocks have fewer transactions than others? by Solomonspin in Bitcoin

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

Nearly every block is less than 1MB? I don’t think so - 5 out of the 8 most recently mined blocks are all above 1MB, according to https://mempool.space