btcschellingpt on Nostr: Storing #bitcoin and thinking about duration "Optical media rots, magnetic media rots ...
Storing #bitcoin and thinking about duration
"Optical media rots, magnetic media rots and loses magnetic charge, bearings seize, flash storage loses charge, etc .. ..
Entropy wins, sometimes much faster than you’d expect." Ars Technica
Storing your #bitcoin keys on electronic media necessitates that you periodically test/validate that it is still usable. Collaborative security platforms make this part of their operational protocol; if you're holding your own keys, so should you.
Think more about which parts of your stack you are expecting to keep, and for how long.
The longer the time horizon is, the less complexity you want in that storage setup. Or alternatively, if you are using electronic mechanisms (hardware devices, usb keys etc), then you want to test those periodically (quarterly-annually), and move to new mechanisms as old ones become dubious.
https://arstechnica.com/gadgets/2024/09/music-industrys-1990s-hard-drives-like-all-hdds-are-dying/ 
Published at
2024-09-15 20:58:14Event JSON
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"id": "ccb2022ba881bc8bb7c624da5feb58e1303a49694e61ac4ab60de2b28f61e894",
"pubkey": "9b12847f3d28bf8850ebc03f8d495a1ae8f9a2c86dbda295c90556619a3ee831",
"created_at": 1726433894,
"kind": 1,
"tags": [
[
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"content": "Storing #bitcoin and thinking about duration\n\n\"Optical media rots, magnetic media rots and loses magnetic charge, bearings seize, flash storage loses charge, etc .. .. \n\nEntropy wins, sometimes much faster than you’d expect.\" Ars Technica\n\nStoring your #bitcoin keys on electronic media necessitates that you periodically test/validate that it is still usable. Collaborative security platforms make this part of their operational protocol; if you're holding your own keys, so should you.\n\nThink more about which parts of your stack you are expecting to keep, and for how long. \n\nThe longer the time horizon is, the less complexity you want in that storage setup. Or alternatively, if you are using electronic mechanisms (hardware devices, usb keys etc), then you want to test those periodically (quarterly-annually), and move to new mechanisms as old ones become dubious.\n\nhttps://arstechnica.com/gadgets/2024/09/music-industrys-1990s-hard-drives-like-all-hdds-are-dying/\nhttps://m.primal.net/KrFE.jpg",
"sig": "daa0aa51552109f10fa21090d5150e5d09baab711cd16c1a7adbfe5cbf535b5fb3b9e9f20023e34be6772d3f82af5d9101a74d6978941b12e81d322584260f1b"
}
