You would presumably place this paper in a physically secure location (eg.
Bitsafe price series#
So you would be able to do a wallet backup by writing a series of letters/numbers on a piece of paper. What happens to my keys & bitcoins if I loose the device or it stops working because my dog chewed on it?Ĭurrently, the firmware implements a deterministic wallet based on the proposed BIP 0032 standard. Maybe you could even use this keyboard to enter a brainwallet passphrase the Deluxe BitSafe generates, uses, and erases the brainwallet independently of the host computer. You could then enter passphrases without fear of (software) keyloggers. "Deluxe" versions of the BitSafe might include a USB port which will allow you plug in a USB keyboard. You could encrypt your wallet so that if you accidentally lose the BitSafe, any finders will have a harder time accessing your wallet. Malware does not even have the opportunity to redirect funds to another address using a proposed payment protocol (see ), addresses and amounts are signed by the merchant (in this case authenticated by the BitSafe and displayed on its OLED display. Private key storage and transaction signing is done entirely on the BitSafe.
You press the "approve" button on the BitSafe and the relevant Bitcoin transaction propagates to the rest of the Bitcoin network.ĭuring this story, there is no opportunity for malware to intercept your private keys.After approving multibit's payment prompt, a light flashes on the BitSafe and " Send 1.815 BTC to appears on the OLED display.Multibit handles the Bitcoin URI and gives you a payment prompt. You navigate to, and purchase something for 1.815 BTC.One of your greyed-out wallets becomes highlighted. You open multibit and plug the BitSafe into your computer.Here is an entirely fictitious depiction of what is possible: Great explanation from Someone42 where this project is likely to go:Ĭan you explain how it works? How do you use it?Īdvantages over a mass market encrypted USB stick? Thanks!Ĭheck back every once and a while as I post more information and pictures Please get involved today.ĭonations to cover previous and future hardware expenses:Īny extra will go towards bounties. There is a serious commitment by those involved with Bitsafe to make a cheap open source hardware security Merrier! All this activity will surely make many hardware security solutions for Bitcoin a reality.
This is great news! The more developers the Serious commitment was made to get involved in hardware security. To our amazement, the hardware wallet start ups and advancements from other sources came fast and hard after a It was just my way of getting others to ignoreĪ listing that would get them a cheaper Bitsafe. Ignore the price, Bitmit works fine with small partial payments. Supporting development hardware as well if you think you may need it: If you are a serious about improving the Bitsafe project, but would like a discount for yourĮfforts then please purchase the following listing at Bitmit and I'll gladly work with you! Don't forget to purchase They actually turned out really nice and your support would be appreciated. It can be done! However, if you would like a hardware wallet now then please consider ordering one of these firstīitsafes. Our next goal is to create a more perfect, more versatile, and mass-producible hardware wallet for under $25.00.
Bitsafe price software#
The initial goal with Bitsafe was not to produce the "perfect" hardware, but rather prove the concept with severalĭozen prototypes that would inspire hopeful software developers to get involved. Important as it will allow buyers to purchase from the source they trust most. There are multiple Bitsafes assembled and ready to ship.īitsafe is a 100% Open Source Hardware Wallet including all manufacturing files this will guarantee priceĬompetitiveness with the opportunity for anyone to become a distributor or even mass-producer. Huge milestone reached with the Open Source Bitsafe Hardware Wallet.
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