Excellent content! I already knew most all of these pros/cons, but going through them all together was very helpful.
@CryptoGuide
Ай бұрын
Glad it was helpful!
@alaaalbkr8491
Ай бұрын
thanks for your efforts🧡
@CryptoGuide
Ай бұрын
No worries :)
@chain_wizard
Ай бұрын
best channel
@CryptoGuide
Ай бұрын
Thanks :)
@asteriskesque
Ай бұрын
Awesome stuff, as always. 3:48 - Which security model is best for which security priority could be a great topic for another video.
@CryptoGuide
26 күн бұрын
Will keep that in mind ;)
@jp62200
Ай бұрын
As usual, great video, every newcommer should watch it once! About compatibility, bip39 only apply to BTC and eth right? Each vendor do their own ''sauce'' to derive priv key for the other type of coins
@CryptoGuide
Ай бұрын
Thanks :) They generally follow standard, but the standards themselves, particularly with Ledger where development of the apps for each coin/chain is often done by the dev community for that coin. That did, standards are often a disaster for less mainstream altcoins. (Cardano is a good example of a standards dumpster fire)
@IMPROVEMENT5
Ай бұрын
Would it be stupid to store the output descriptors on 'samsung bar' USBs (because they are water/ heat resistant) encrypted by exporting from sparrow? What are the best practices for backing up the output descriptor basically?
@CryptoGuide
Ай бұрын
You can store them digitally, but just make sure you have redundancy there. You can often also print out a physical copy with things like sparrow.
@antoniocouto7092
Ай бұрын
Great video, you always say the BIP39 12 words has poor checksun and we must use 24 words, in contrast the Electrum Wallet don´t use BIP39 but 12 words with version using 4 bits and 132 bits of entropy. Is the Electrum Wallet 12 words secure as 24 words BIP29?
@CryptoGuide
Ай бұрын
Electrum seeds aren't BIP39 and have a different (and stronger) checksum approach that is fine for 12 word seeds :) (Not quite as strong as BIP39 @ 24w, but much better than BIP39 @ 12w
@antoniocouto7092
Ай бұрын
@@CryptoGuide thanks!
@CryptoGuide
Ай бұрын
No worries :)
@CaptainCodeman
Ай бұрын
Thoughts on EAL secure JavaCards such as the SatoChip SeedKeeper to store seed-phrases / pass-phrases on, compared to something like metal storage for seed-phrases + password manager for pass-phrase?
@CaptainCodeman
Ай бұрын
Hah, I should have watched all the way through before commenting :) A lot comes down to what you perceive the biggest risk to be - someone taking your keys or you losing them.
@CryptoGuide
Ай бұрын
Yea it really depends. I think that having a physical backup is very worthwhile, but Javacards are also an excellent way to store some redundant copies (you can also just post them anywhere on the world), especially if they are held by other people or you are traveling with them.
@pythone.g.account5355
Ай бұрын
Thank you for the video Stephen. What are your thoughts on using XOR to split up bip39 seeds? - cheers
@CryptoGuide
Ай бұрын
It's really just a seed splitting scheme, so has the same issues relating to fragility unless you make redundant backups. (And is also dependant on your remembering that you used this process) Coinkite are the only ones promoting it, so it would also be a pain to securely restore in the future if you are primarily concerned with long term HODL.
@pythone.g.account5355
Ай бұрын
@@CryptoGuide thank you 👍
@CryptoGuide
Ай бұрын
No worries :)
@Royorg-qf5jq
Ай бұрын
We need taproot multisig asap!!!
@CryptoGuide
Ай бұрын
For sure :)
@chain_wizard
Ай бұрын
a 24 word BIP-39 seed phrase attached with a passphrase isn't enough for any size of portfolio? Messing up and over-complicating things can be also dangerous to lose access.
@CryptoGuide
Ай бұрын
Depends on what you are trying to achieve, I think that passphrase+seed is fine for most people unless you are storing more than $1,000,000 USD. (Below that I think the risk added by extra complexity simply isn't worth it)
@TheSpringbok747
Ай бұрын
As always, great content - thanks! Can you share your thoughts on Sharded Secret Key Reconstruction (SSKR)? If I understand it correctly, SSKR would allow you to spit an existing BIP39 Mnemonic into multi-share Mnemonics (like SLIP39).
@CryptoGuide
26 күн бұрын
The main challenge is lack of hardware and software support... The Lethekit is now unsupported, the CLI tool is in beta and who knows how long the iPhone app will last...
@TheSpringbok747
24 күн бұрын
@@CryptoGuide Thanks for looking into this, much appreciated. I think that the method itself is excellent since it adds multi-share functionality to a BIP39 mnemonic seed phrase. I also struggle finding a proper implementation and agree with you that risk of no support in due time limits implementation. I don't like the iPhone implementation as I don't want to type a seed phrase on an online device, even though it's supposed to work when the phone is not connected to the internet. It would be nice to have an implementation like Ian Coleman's BIP39 tool, which can be used offline and kept on a memory disk for future use.
@CryptoGuide
24 күн бұрын
Yea it's a shame, as it was certainly helpful for existing seeds
@lisaellis4679
15 күн бұрын
Bro.. I had coinbase wallet extension on Chrome and my PC crashed but I retrieve the appdata file ..I copied it to new pc now it's telling me my password is wrong.. there must be some error. I know password is correct. Do you have a way for me to get my seeds
@CryptoGuide
15 күн бұрын
Have you tried BTCRecover?
@noviceTrader90
Ай бұрын
I came across your KZitem channel when I was researching for a contest I'm trying to win, I wanted to know If it is possible to get the key phrases of a metamask wallet using the softwares on your channel. The sponser of this competition will provide us with a single key phrase each day in correct order and whoever that is in competition manages to connect to wallet can withdraw all the money plus the sponser of this competition allowed use of bots and scripts. What videos in your playlist should I watch to achieve this. And do you have recommendation for me as to with how many key phrases I should start the recovery procedjures? Thanks in advance for your time.
@CryptoGuide
Ай бұрын
Yep, though you will need to wait until you see only missing the last 3 words.
@noviceTrader90
Ай бұрын
@@CryptoGuide Thank you, Can you please recommend a Video or a playlist from your channel? forgive me, I'm a bit lost finding the correct tutorial that would help me achieve this task.
@CryptoGuide
Ай бұрын
Just the video on recovery with missing words
@noviceTrader90
Ай бұрын
@@CryptoGuide thank you so much
@CryptoGuide
Ай бұрын
@@noviceTrader90 No worries
@AllInOne-vz7fg
29 күн бұрын
Sir I use Bip39 but I loss my all big funds please help me My all fund auto withdraw
@CryptoGuide
29 күн бұрын
Sounds like you gave your seed to a scammer. This is unrecoverable, I'm sorry for your loss.
@AllInOne-vz7fg
29 күн бұрын
@@CryptoGuide I loss total 900usdt
@CryptoGuide
29 күн бұрын
I'm sorry for your loss
@AllInOne-vz7fg
29 күн бұрын
@@CryptoGuide I send TRX to Wrong address how can recover
@CryptoGuide
29 күн бұрын
You can't, the only option is to work out where to got the address, contact the owner and ask them to send it back.
@mmdjn
26 күн бұрын
Thank you for your efforts Why does running 'btcrecover.test.test_seeds -v OpenCL_Tests' return ok, but running the seedrecovery command throws this error? I tried on multiple instances and with different combinations. Context failed: OUT_OF_HOST_MEMORY File "/usr/lib/python3.8/multiprocessing/util.py", line 452, in spawnv_passfds BlockingIOError: [Errno 11] Resource temporarily
@CryptoGuide
26 күн бұрын
You probably just have too many threads, try reducing it down to something more sensible like 2 per GPU...
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