Just lost all my crypto in a house fire.

Did put your stick in a fire proof bag?

>>60495931
Didn't*

>>60495902 (OP)
Post photo of your burnt house or you larp

>>60495902 (OP)
Did you store an encrypted backup in your car?

the full 20$?

>>60495902 (OP)
You should have thought before setting it on fire after seeing Link's price action.

>>60495942
>>60495931
Fireproof bags aren't fire proof. They're vaguely fire resistant but that's not helping much if you have real ass fire right next to your bag. They're more like "insulated bags" that might help paper from getting so hot so quickly. Really you want a fireproof safe rated to 1-2 hours (depending on your fire response time and the time to get to the safe from a smoldering wreck) and then put your keys in a fire proof bag inside the safe. And your keys should be on stamped stainless steel like a cryptosteel.

My Trezor goes in an emp-proof godark case into a thermos (probably one of the most cost-effective insulators) into a fireproof bag into a fireproof safe. That's in addition to cryptosteel backups located around the world.

>>60495947
Quite insensitive to ask someone of this when they just lost everything they owned. I had 2.5 BTC saved on a hard drive that I'll probably never find in the ashes, let alone recover anything from it even if I find it.

>>60495902 (OP)
the future of finance

>>60496245
You fucking retard, you had 250k in crypto and it never occurred to you to do even the most basic of fire prevention and get a fire proof box or safe?

I have like a tenth of that but my keys stay in a fire proof mini safe.

I’m sorry for your loss, but custody of your money means you also have to take some basic precautions. Oh well, it’s only money. At least you have your health. And a phat insurance payment

why would u lose it
you can just login to coinbase

Future of finance

>>60496321
Personally I'd trade my health for cash anyday lol. Health is worthless if you're poor as fuck and born to lose. I'd rather live 5 good years and die instead living another 50 years in pure misery. That's just me tho, in general you're right.

Sorry to hear that, okayeg?

>>60495902 (OP)
Same here

Did you hear that IRS? I will be filing a loss carryback this year on the BULLSHIT capital gains you made me pay last year.

>>60496560
You’re just an idiot.
What about 50 years of feeling like shit, in pain, can barely stay awake, and can’t get an erection? Would you trade your health for that?

You don’t know what suffering and misery is you weak little bitch

>>60496595
1) It seems you can't read because i clearly said I'd rather trade my health for 5 GOOD years instead living on for 50 more dogshit years. It's not that hard to understand, really...

2) Unfortunately i do, and unfortunately i'm a "survivor". People like you who think death is the worst thing that can happen to you are the ones that don't know jackshit about pain. Your worst day in life was probably my best one lol.

>>60496688
What the fuck are you talking about? Are you literally retarded? I just said that death is not the worst thing. I said. You were the one that implied health = being alive. I was implying rather explicitly that dying is preferable to living in actual poor health for 50 years.

>>60495902 (OP)
Gold would remain gold in a house fire. It would just be deformed.

>>60496889
I jokingly said that you can't read, but it seems that you really can't kek! But it's ok billy, it's ok, you're still a good boy.

>lying on the internet

>>60495902 (OP)
damn dude I hate when that happens

I lost mine when my mom shook the box i kept my private key neatly arranged in using little tiles (I wouldn't stop playing aoe2)

>>60495902 (OP)
You are supposed to store your keys and your crapto in a physical Tezor wallet you dig in your backyard or keep in a personal bank locker of sorts. Fire won't reach neither of those. I'd store my btc, npc, ltc, xmr everything in one if it wasn't such a hassle (and I don't care).

>>60495963
who still hold links when you could have bought supra.

>>60495902 (OP)
I'd probably just sit in the fire at that point. gg no rere

>>60499144
Unfathomably based.

>>60496342
That's Vaulta. Web3 banking.

I’ve never really understood the logic behind cold wallets. It all relies on the assumption that the risk of your house being burned down, or of being the victim of a good old fashioned $5 wrench attack, or whatever other shitty thing may happen in the real world is lower than the risk of a hot wallet or exchange being compromised. Most people keep investments in banks or brokerages which are no less vulnerable to attack without much issue, but for some reason crypto enthusiasts think that the only way to keep their money safe is to basically keep it under their mattress.

>>60501783
There is no logic to it, there is no such thing as a "wallet".

Either remember your key - it's not that hard - or write it down somewhere. There is no such thing as wallet other than a wallet that holds your key as if you had written it down.

>>60501783
>>60501838
Then there’s just good old fashioned idiocy, there are a huge number of people who have lost their bags because they accidentally threw away, forgot, or lost their keys, or made some other clumsy mistake. If a bank worker sneaks a photograph of your stamped steel seed phrase they can drain your wallet. I know some exchanges have been hacked or gone belly up, but securing your coins behind a couple of layers of passwords and biometrics feels like a safer option than trusting yourself to run a flawless security setup. Frankly, in a year or two you’ll be able to keep crypto in a normal bank anyway, complete with government-mandated deposit protection. Goes against the ‘spirit of crypto’ perhaps, but I’m not in this to fight the system.

>>60501783
Why not just memorize the 12 words in addition to having a cold wallet?

Can keeping a copy or your seed phrase in the fridge stop this from happening?

Or will shit inside a fridge still melt?

>>60501783
>>60501783
>House fire
Really not that likely, plus a steel wallet or a regular paper in a fire proof safe will resist that
>$5 wrench attack
Extraordinarily unlikely, and also having your files on a cold wallet remote from you then makes it much, much harder to be extricated from you. Whereas your coinbase password or whatever is easy to get by beating you until you log the attacker in

>is lower than the risk of a hot wallet or exchange being compromised

Yes, because there's all kinds of spyware and vulnerabilities where people could get access to your files or an exchange. Plenty of people use mediocre passwords so it's super tempting to hack exchanges and then try and brute force passwords. Exchanges have been hacked and compromised or crashed so often it's super common.

>Most people keep investments in banks or brokerages which are no less vulnerable to attack without much issue, but for some reason crypto enthusiasts think that the only way to keep their money safe is to basically keep it under their mattress.

Well yes, the whole basis of Bitcoin is that banks really can't be trusted. But relatedly, banks are insured. Stealing from a bank or brokerage creates all sorts of trails that can usually be shut down, reversed or just not allowed. Up until a hot second ago crypto exchanges were all pretty sketchy too.

>>60502426
Things inside a fridge can survive a nuclear bomb anon. OP should have kept his cold wallet cold.

>>60495902 (OP)
Only retards are unable to memorize a 24 word seed phrase.

>>60497124
Nah it would be gone taken by the Firefighters lol.

>not writing keys on paper, putting in a bottle, then burying in backyard atleast six feet deep.

>>60502554
This +25th word stored on a password manager that means anyone finding your 24 word backup is unable to actually access your funds

>>60495902 (OP)
Anon, my stuff is written down and not in any fire proof case. I will take this as a warning.

I do have some stuff memorized at least.

>>60503000
Must be an elaborate troll or just retarded

>>60495902 (OP)
>not putting keys in a safety deposit box in a script only you can decode

>one chance at life
>frogposter
The poor bastard never had a chance.

>>60496245
>he doesn’t keep a backup seed phrase in his bank’s safety deposit box