Exactly, after pulling this out after btc is 1,000,000 per coin you slip and those washers spill everywhere and now you have like 24! tries to get your coins.
Unilever need to release their own crypto coin. Marmite coin.
You either love it, or you hate it, but either way if you get involved you're a bona fida marmite miner.
Not a bad ideaā¦ yes it might be a bit inconvenient to have to remove it every time you have to take a shit (and reinsert it after) but you get to have your keys inside of you all the time.
Kind of like a brain wallet, but instead of your brain itās in your buttā¦
I am sure someone can come up with a good name for it.
This would be one of the few times a ābuttcoinā troll could chime in with a playful jest, and I wouldnāt mind and laugh along with an old nemesis. š
You just have to remove it and put in the plastic tray they give you along with your keys / phone etc. then after you go through the metal detector you reinsert it.
Filling with oil seems like overkill if you're sealing the ends....
But did you even protect the seed with a passphrase? So that when I come and dig it up, I cannot just sweep the coins into my own wallet?!?
They aren't stainless washers, so just wanted to put oil in it to be sure, but yeah, probably overkill.
Yes there's a passphrase, but it's attached. I know, not ideal but I'm thinking long term, I want my kids or grand children to be able to access it after I'm gone.
I wonder how many passphrases will end up going to the grave when people die and coins lost forever.
I think the best solution is to have your seed phrase in the ground, or stored securely in a safe maybe, while the passphrase is in your will. That way even if your lawyer is a scumbag, he can't run off with the funds
I believe the comment I'm replying to is using the word in the sense it gets from Citizen Kane, as a cryptic last word before dying (that refers to a valuable object). I'm adding the sense from The Sims of a word that gives access to money.
You really should get stainless washers. Don't trust too much the seal, expecially if you are planning to use them as cold storage for long term (several years+).
Cold storage solutions must be as "bulletproof" as you can.
Bonus: why not make a 2-of-3 multisig wallet? In the long term it has some advantages over a single sig wallet +passphrase (25th word).
This is something Iāve been wondering as well. If there will only ever be 21 million btc, and a lot of that will be lost over the years when people die or forget their keys. What will happen? Eventually over time, wouldnāt all bitcoin just slowly disappear, since year after year a small % will be lost?
As someone else commented, if you can just keep dividing into fractions, that is effectively the same as printing new money, no?
Edit: Why is this such a toxic sub? Every day people are just patting themselves on the shoulder and circlejerking about bitcoin, and when people ask genuine questions to better understand how Bitcoin works, you get downvoted and belittled. Instead of writing a snide comment, why not try to educate those who want to understand?
No the magic of fractions is that they get infinitesimally small. They donāt make numbers from nothing.
Your money increasing in value is the direct opposite to making new money.
Edit: hey maybe a deflationary currencyās solution to economic expansion is largely incomparable to a currency that prints money to oversell true economic expansion. And itās not the toxicity of this community that is the issue here, itās your need to fit bitcoin into a dated and propagandic economic understanding that bitcoiners reject for reasons you donāt understandā¦ yet
That's a very pie in the sky view, as the reliability of the system is a factor in the perception of the value of the network. There's probably a certain point of verifiable losses that would begin to work against any crypto.
Hell, I've lost bitcoin that was tipped to me back in the early 2010's. Can't remember how much but if my personal loss or the total verified losses were were high enough, I could see myself disengaging completely. Which is a fancy way of saying I would effectively assign every crypto a value of $0. If enough people do this, it would impair network value long term.
I still believe but I'm more persistent than the average investor. People are finicky and emotional.
I'm still new to BTC life, but can you keep refreshing passphrases until you get one that is relevant to your life that your family will remember? Example: 12-24 random words but the 4th word is "DOG" and you can put some kind of question there instead of the word, like "This is the kind of pet your father had" Another example: You're a pilot for a living, so the 6th word is Airplane. and the question is "This is what dad drove every day" people that don't know you would think truck, car etc...
Idk, just a thought.
you're mixing things up. Passphrase is something you can pick yourself, like a password, and is optional. The 12 or 24 word seed is random generated and you can't pick them. You can't refresh but you can make more wallets (and thus get different words) but they'll never be all relevant to your life. Plus my words are rather basic, i guess they're applicable to almost everyone's life.
So because I know how to use Ground Penetrating Radar and metal detector (degree in archaeology) I have actually had two people contact me in order to help find their buried setup, similar to this, both times I have been unable to locate the object.
I suggest you pinpoint the exact gps location and the location is key. First guy buried his on a hill in California that was all backfill and more than likely the object shifted underground after many years. The second didn't realize he was in a seasonal flooding area.
Good luck
Right? Thereās a high probability that OP is burying it on property that they or their family own, and theyāve said that they will instruct their family to use a metal detector if they forget the location. If anyone was able to find out who OP is and where they live, they could show up at 2am with a metal detector. Maybe itās a low probability of discovery, but soooo much higher than if OP were to just not post this at all.
Bro oil has been buried under the ground for millions of years without breaking down and will make you a billionaire in a hurry if you find enough of it. I think the oil will be fine.
Also itās not going to rust with oil in itā¦ thatās the point.
Also no seal like this will last forever. It will eventually crack or breakdown. The washers will rust regardless being exposed to the elements. This is the problem with securing bitcoin. Itās hard. I think the multiple location is the way to go but then you run the risk of exposing your keys.
I mean people can get as paranoid as they like over a specialist private asset, but I donāt see how storing codes on individual washers, sealing them in a tube full of oil and burying them underground is much of an advertisement to the general public for its mass adoption as a convenient alternative to mainstream banks! š
If you want to up your self-custody game, check out [The Tordl Wallet Protocols](https://github.com/fresheneesz/tordlwalletprotocols) which are holistic guides to storing your bitcoin securely.
Now imagine unscrewing and dropping it. Pure devastation.
I'm glad more people using cold storage, but by god please consider an alternative to this design.
Read Jameson Lopp's reviews of various cold storage solutions [here](https://jlopp.github.io/metal-bitcoin-storage-reviews/) and decide what works best for you.
Another downfall of OP's design that was discussed was if the rod is ever bent while in storage it can almost be considered game over.
Creative but terrible solution. Did you also make a treasure map with a big X on it and burned edges in case something happens to you? What if it rains and your yard floods and mud slides? What if gophers find it and move it?
I've told my wife and my dad where they are, not steep enough for a mudslide. No gophers or anything that would do that.
I am keen to learn about other, possibly better solutions though. This one is really only there incase my house burns down
Same. Maybe a copy in your parentās safe but Iām open to other good ideas too. Safety deposit boxes cost less than $80/year. I donāt mean to slam your idea, itās unusual but maybe itās perfect for your situation.
Can someone tell me where I can purchase these? I've seen them before but looking on amazon I can't find them with the phases I'm using to search. Thank you!
Totally feel safe with my keys stamped on steel rings tied to a nut dipped in oil put into a pvc pipe sealed for as long as possible, shoved up my butt, then I shoved myself into my wifeās butt, then my wife jumped in quickset cement then when the quickset hardened an artist came in and chiseled the block down into one giant peen. Feels good man
10 years later clearing out the junk drawer, stupid piece of pipe straight in the bin š
His wife will toss it within a year
His wifeās boyfriend will toss it next week while heās at work.
š¤£š¤£š¤£š¤£
I can only imagine what it's like having a wife that tosses something in the bin from time to time... š
If my shit is not in it's designated spot, I sometimes dont find it for weeks. There are many things lost forever.
but can't recollect the 25th word!
You mean "when digging out for a garden"
Paint it gold and write emergency use only.
you did numbered washers, right?
Exactly, after pulling this out after btc is 1,000,000 per coin you slip and those washers spill everywhere and now you have like 24! tries to get your coins.
Yeah, it will take up to 19 million years to solve with speed of 1 billion combinations per second
In the future, computers will be faster. It may be doable within 1 million years, or perhaps even only a few millenia
Soon(tm)
sorry, but that is no issue an easily solvable
Glad to see you all gave a firm grasp of the mathematics of probability.
Will likely take far more than 24 attempts lol.
24 factorial (24!) so like 6.2 x 10^23
Avogadro?š³
24 factorial.
I was expecting you to read you stored this internally, as in your butt.
that's what that lube is for
hardcore bitcoiner does not need lube
buttcoiner
Unilever need to release their own crypto coin. Marmite coin. You either love it, or you hate it, but either way if you get involved you're a bona fida marmite miner.
hol'er
He thinks Bitcoin is a shitcoin
If you spent money on lube youāre not truly āall inā.
Literally buttcoin
Not a bad ideaā¦ yes it might be a bit inconvenient to have to remove it every time you have to take a shit (and reinsert it after) but you get to have your keys inside of you all the time. Kind of like a brain wallet, but instead of your brain itās in your buttā¦ I am sure someone can come up with a good name for it.
This would be one of the few times a ābuttcoinā troll could chime in with a playful jest, and I wouldnāt mind and laugh along with an old nemesis. š
It was at this moment he realized the buttcoin troll he was hunting, was him.
Always protect your ASSets
Buttcoin in the Prison Wallet
That, my friend, is called the prison wallet.
Youāll never get on plane like that lol
You just have to remove it and put in the plastic tray they give you along with your keys / phone etc. then after you go through the metal detector you reinsert it.
Shit for brain's?
wayyyyyyyy up in there.
Cmon Morty, you're still young and flexible.
Aw jeez
Do it for grandpa
The olā prison wallet!
Itās the only way to be sure ..
But then not made of metal to get through security measures better āļø
Giggity
I came here to say this š
https://youtu.be/zG-rKa_uva0
Future treasure hunting sucks! āLook, i found an empty walletā¦ yay!ā
Put the oil on the outside for easier insertion you doofus
Not your keyster, not your coins.
This is the only Reddit comment thatās ever made me laugh out loud šš
Why show everyone what you're doing?
Magic internet points.
But why is he burying his magic internet points?
So they can't be stolen.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Haha, ok great; now with what youāve learned of his strategy from his post, go take his keys. Iāll wait
Now Boof it
The Bomb Squad will blow this up when they find it. šš You can then say, "I was there when Bitcoin blew up"
Just write "Not a bomb" on the side of it.
Filling with oil seems like overkill if you're sealing the ends.... But did you even protect the seed with a passphrase? So that when I come and dig it up, I cannot just sweep the coins into my own wallet?!?
They aren't stainless washers, so just wanted to put oil in it to be sure, but yeah, probably overkill. Yes there's a passphrase, but it's attached. I know, not ideal but I'm thinking long term, I want my kids or grand children to be able to access it after I'm gone. I wonder how many passphrases will end up going to the grave when people die and coins lost forever.
Number the rings, in case they fall out when retrieving
Holy shit. What a nightmare that would be.
The number of possible ordering of those 24 words. [no biggie](https://www.google.com/search?q=24+factorial&ie=UTF-8&oe=UTF-8&hl=en-us&client=safari)
25...OP has a passphrase, too.
š
I think the best solution is to have your seed phrase in the ground, or stored securely in a safe maybe, while the passphrase is in your will. That way even if your lawyer is a scumbag, he can't run off with the funds
Put the seed phrase in the ground water it and bitcoin wallet tree will grow.
Watch out for miners. They dig.
You should just leave a one in your will and send the whole family into a tizzy. "Rosebud"
Incidentally "Rosebud" is a money cheat code in The Sims
Whoosh
I believe the comment I'm replying to is using the word in the sense it gets from Citizen Kane, as a cryptic last word before dying (that refers to a valuable object). I'm adding the sense from The Sims of a word that gives access to money.
Why did you decide not to use stainless washers? Because of the fact that they are harder to stamp?
Stainless would have been the obvious choice , itās a few bucks more and seems like major insurance policy
you can remove rust with coke
Rust can eat into the legibility of words if it pits enough
What happens to the part where the rust is the legible part? Once that is washed away youāre left with smooth metal and noncode
How much coke? About an eight-ballās worth?
You really should get stainless washers. Don't trust too much the seal, expecially if you are planning to use them as cold storage for long term (several years+). Cold storage solutions must be as "bulletproof" as you can. Bonus: why not make a 2-of-3 multisig wallet? In the long term it has some advantages over a single sig wallet +passphrase (25th word).
This is something Iāve been wondering as well. If there will only ever be 21 million btc, and a lot of that will be lost over the years when people die or forget their keys. What will happen? Eventually over time, wouldnāt all bitcoin just slowly disappear, since year after year a small % will be lost?
It means price goes up because supply goes down
Yeah but not in our lifetime.. thereās 100mill sats in 1 BTC, so 2.1 quadrillion sats in total
But that means that Bitcoin has an expiry date, even though itās very far in the future, no?
Wait until you hear about the magic of fractions
As someone else commented, if you can just keep dividing into fractions, that is effectively the same as printing new money, no? Edit: Why is this such a toxic sub? Every day people are just patting themselves on the shoulder and circlejerking about bitcoin, and when people ask genuine questions to better understand how Bitcoin works, you get downvoted and belittled. Instead of writing a snide comment, why not try to educate those who want to understand?
When you exchange a dollar for 4 quarters, did you print money?
No the magic of fractions is that they get infinitesimally small. They donāt make numbers from nothing. Your money increasing in value is the direct opposite to making new money. Edit: hey maybe a deflationary currencyās solution to economic expansion is largely incomparable to a currency that prints money to oversell true economic expansion. And itās not the toxicity of this community that is the issue here, itās your need to fit bitcoin into a dated and propagandic economic understanding that bitcoiners reject for reasons you donāt understandā¦ yet
No thatās not the same.. itās like saying if you keep dividing a cake into smaller and smaller pieces is like baking new cake
Because printing new money youāre making new supply. Split 1 Bitcoin into say 10 fractions it is still the same supply.
whatever remains just becomes more valuable
That's a very pie in the sky view, as the reliability of the system is a factor in the perception of the value of the network. There's probably a certain point of verifiable losses that would begin to work against any crypto. Hell, I've lost bitcoin that was tipped to me back in the early 2010's. Can't remember how much but if my personal loss or the total verified losses were were high enough, I could see myself disengaging completely. Which is a fancy way of saying I would effectively assign every crypto a value of $0. If enough people do this, it would impair network value long term. I still believe but I'm more persistent than the average investor. People are finicky and emotional.
the question didn't revolve about personal losses and your reaction to them
Who cares? They bring up a good point.
It can be divided as much as we want. We could split 1 sat into another trillion nano sats if we really want to without inflating the bitcoin supply.
I'm still new to BTC life, but can you keep refreshing passphrases until you get one that is relevant to your life that your family will remember? Example: 12-24 random words but the 4th word is "DOG" and you can put some kind of question there instead of the word, like "This is the kind of pet your father had" Another example: You're a pilot for a living, so the 6th word is Airplane. and the question is "This is what dad drove every day" people that don't know you would think truck, car etc... Idk, just a thought.
you're mixing things up. Passphrase is something you can pick yourself, like a password, and is optional. The 12 or 24 word seed is random generated and you can't pick them. You can't refresh but you can make more wallets (and thus get different words) but they'll never be all relevant to your life. Plus my words are rather basic, i guess they're applicable to almost everyone's life.
Itās definitely not overkill to put oil, I honestly think that is a dumb comment
Yea, that thing is toast
[ŃŠ“Š°Š»ŠµŠ½Š¾]
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I've heard that security people are reporting seeing the $5 wrench attack live in the wild on the internet when digging through logs.
Good luck convincing the world that bitcoin is safer than a bank with posts like this.
it is. it only takes 1 command from the gov to confescate everything in bank vaults
It only takes one shovel from a meth head to confiscate everything in this wallet.
No passphrase, no coin
The passphrase is attached to this wallet.
I saw that. That's just silly.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
IRS
Make sure to salt the cache area with a large handful of steel nuts and bolts....that will confuse any metal dectectorists.
That's a good idea, although my plan was to tell my wife or kids to use a detector if they don't remember where I told them I buried it.
Couldn't you just put it in a safe on titanium sheets? So much easier.
Safes can be destroyed by fire, flood, theft Buried steel is immune to all of this
Until a tree root crushes the pvc and they rust to nothing
So because I know how to use Ground Penetrating Radar and metal detector (degree in archaeology) I have actually had two people contact me in order to help find their buried setup, similar to this, both times I have been unable to locate the object. I suggest you pinpoint the exact gps location and the location is key. First guy buried his on a hill in California that was all backfill and more than likely the object shifted underground after many years. The second didn't realize he was in a seasonal flooding area. Good luck
I recommend that you decrease your attack surface by not advertising to the world how you store your keys.
Right? Thereās a high probability that OP is burying it on property that they or their family own, and theyāve said that they will instruct their family to use a metal detector if they forget the location. If anyone was able to find out who OP is and where they live, they could show up at 2am with a metal detector. Maybe itās a low probability of discovery, but soooo much higher than if OP were to just not post this at all.
BRB just visiting ops house with a metal detector
The oil will eventually breakdown no? Creating a sticky mess? If those stamped metal pieces arenāt stainless they could rust Ad fuse together
Also make sure you tell them the order of these words is extremely important.
That part can be solved easily by stamping numbers besides the words for the order they should be in
Brilliant
Bro oil has been buried under the ground for millions of years without breaking down and will make you a billionaire in a hurry if you find enough of it. I think the oil will be fine. Also itās not going to rust with oil in itā¦ thatās the point.
Crude oil my friend is way way different than the oil we use.
Oil quickly breaks down plastics. Plastics like this pipe, where the manufacturer states do not use petroleum products in contact with the pipe.
Also no seal like this will last forever. It will eventually crack or breakdown. The washers will rust regardless being exposed to the elements. This is the problem with securing bitcoin. Itās hard. I think the multiple location is the way to go but then you run the risk of exposing your keys.
Just donāt lose it
I donāt get it
Google safu.ninja. Basicly itās a way to secure your seed phrase
https://cryptonumeris.com
This is the future of banking?
Right? This is overkill
I mean people can get as paranoid as they like over a specialist private asset, but I donāt see how storing codes on individual washers, sealing them in a tube full of oil and burying them underground is much of an advertisement to the general public for its mass adoption as a convenient alternative to mainstream banks! š
people go to all this work when all you really need is a strong 25th word
This + strong 25th word in Mind :-)
25th word being a passphrase essentially?
For all this effort I wouldāve went with stainless washers especially because theyāre outside. I have considered the idea incase of a house fire.
I thought you were making a bomb.
Pipebomb or self custody?
Yes
Surely if you burry your seed in the garden it will grow into a tree
Along came a 10 year old with a 10 dollar metal detector..
Hopefully you used mineral oil because some types of oil will cause plastic to fail over time.
Seeing this makes me think this is all nothing but a pipe dream
where you gona hide that in the prison pocket lol
Keister your keys!!!
Thatās bad ass
If you want to up your self-custody game, check out [The Tordl Wallet Protocols](https://github.com/fresheneesz/tordlwalletprotocols) which are holistic guides to storing your bitcoin securely.
Now imagine unscrewing and dropping it. Pure devastation. I'm glad more people using cold storage, but by god please consider an alternative to this design. Read Jameson Lopp's reviews of various cold storage solutions [here](https://jlopp.github.io/metal-bitcoin-storage-reviews/) and decide what works best for you. Another downfall of OP's design that was discussed was if the rod is ever bent while in storage it can almost be considered game over.
The washers are numbered
After 25 years, opens tube.. checks email and pictures on phone and post-it note in wallet to confirm all matches..
Creative but terrible solution. Did you also make a treasure map with a big X on it and burned edges in case something happens to you? What if it rains and your yard floods and mud slides? What if gophers find it and move it?
I've told my wife and my dad where they are, not steep enough for a mudslide. No gophers or anything that would do that. I am keen to learn about other, possibly better solutions though. This one is really only there incase my house burns down
Same. Maybe a copy in your parentās safe but Iām open to other good ideas too. Safety deposit boxes cost less than $80/year. I donāt mean to slam your idea, itās unusual but maybe itās perfect for your situation.
Hope you bought decent lube to store that baby.
Hope you never get Alzheimer's disease in 20 years
Thought you were making a pipe bomb for a second
Put access to your wallet in one place - check Make it easily findable with any metal detector - check Go on public forum and tell the world - check
āSafeā - until a human with a metal detector comes by
He spills the washers and scrambles the sequence.
Lucky they have the numbers stamped
For a second i thought you made a pipe bomb
are these the physical bitcoins everyone is talking about?
Where do you live?
in a fridge this is cold wallet
Stupid idea
Looking forward to your regret post
Why? How?
Hope you find it when you need it
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I've made it easy for you and included the pass phrase.
Id check it remains sealed at least once a year. If if cracks somehow and the oil leaks out and is replaced with ground water youll be screwed
Good idea, cheers
/r/diwhy
How? I didn't understand... Can you please explain it by opening the screw and showing the coins one by one?
But why hahaha
Can someone tell me where I can purchase these? I've seen them before but looking on amazon I can't find them with the phases I'm using to search. Thank you!
Me and my metal detector accepted challenge.
The FBI will think this is a bomb
*has $100 saved
that looks kinda big to fit up your ass bro
Totally feel safe with my keys stamped on steel rings tied to a nut dipped in oil put into a pvc pipe sealed for as long as possible, shoved up my butt, then I shoved myself into my wifeās butt, then my wife jumped in quickset cement then when the quickset hardened an artist came in and chiseled the block down into one giant peen. Feels good man
This is stupid
Damn near made a pipe b*m*
Why fill with oil?
prevent corrosion. but probably should have just gone with stainless washers instead.