Author: Isaac Piano
This page is subject to change at any time. It is not signed by its author or by Edgecase Datafeed.
2 minute read (2 pages)
Title: Some Basic Principles For Storing Codes
1. It is impossible to access something offline remotely.
- Storing something online is convenient, harder to misplace... and more easily accessible.
- This easy access is a two-way street; it's easy to access for both you and someone interested in doing so.
- Paper cannot be accessed from a distance; codes written on paper cannot be hacked.
2. It is wise to disguise something as another, more mundane, object.
- The less flashy something is the less likely it is to catch the eye of a thief.
- A thief is less likely to search a bookshelf looking for a code that could allow access to a lot of money than he is to look for laptops and phones.
- Disguise is more effective than iron bars and safes.
3. Always keep two copies of a code/key minimum.
- Regardless of any precautions taken accidents happen (fire, etc).
- Destruction of the only copy WILL result in the loss of everything associated with the code.
4. It is wise to keep money / valuable items divided into several portions rather than one.
- The theft of one wallet/account will not result in the loss of everything.
- Re: Point 3: A minimum of two copies of the key/code will need to be kept for each portion.
5. It is wise to keep a theft wallet; one that it would not hurt to lose.
- The dedicated thief who breaks in specifically to steal the target's code will be more attentive and knowledgeable than the average thief.
- A theft wallet may be enough to satisfy the thief; in order for this to be the case the wallet must contain a sizeable amount of money that one is willing to lose.
6. Re: Point 5: If a thief has broken into your house in order to steal your bitcoin you've been talking about it too much.
- Keep your mouth shut.