1) If you are not running a Bitcoin node yet, there has never been a better time to get started. @_ke3tan has a walkthrough on YouTube that can help most anyone get going with a setup that is rock solid, dependable, and versatile.
Follow along.
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https://t.co/iAl5qNOgFg
I added notes from @SeedHammer to the article which address my questions, and with instructions on how to complete stamping a phrase in case of power interruption:
https://t.co/qZvYRWasJO
The @SeedHammer creates clean #Bitcoin backups in steel and with a readable QR code of the seed.
Let's take a look at who Seedhammer is for.
https://t.co/qZvYRWasJO
The @SeedHammer creates clean #Bitcoin backups in steel and with a readable QR code of the seed.
Let's take a look at who Seedhammer is for.
https://t.co/qZvYRWasJO
What you are paying for here is to be able to backup your multi sig without anyone else being involved, knowing that you or your loved ones can recover the wallet as long as there are the minimum amount of plates required to sign, and w/o needing any 3rd party to help.
Also, seedhammer will only stamp 12 or 24 word mnemonics. If you just need to backup a single sig this machine is giant overkill. It will not stamp a passphrase.
There are a few very specific use cases for this machine. You can stamp single sig wallets, 12 or 24 words. Or multi sig wallets, 2 of 3 or 3 of 5, with either 12 or 24 words. The Seedhammer will not do a multisig outside of what I note above.
Everything scanned fine with a little bit of adjusting the camera. The plates reflect light, which is not great for scanning a QR code, and you also need enough light to be able to scan… That means it takes a little bit of work to get that dialed in just right.
Seedhammer works as expected. I was able to setup a multisig and recover the wallet using the minimum amount of plates required to sign a transaction, and I was able to do that recovery multiple times using different key combinations of the plates. In this case of a 3 of 5 setup.
This makes it so that you can recover your multisig wallet with the minimum number of plates required by the quorum. If this works as advertised, it would make for better solution then the requirement that all xpubs be backed, along with all of the keys, in order to recover.
The Seedhammer is a machine that is designed to stamp your Bitcoin seedphrase into steel for you.
Specifically, the value prop is being able to stamp a multisig 2 of 3 or 3 of 5 into the appropriate amount of plates, along with the descriptors.
The tl;dr on this:
Your Umbrel node is pinging their server over clearnet.
Your IP COULD be harvested if they want to do that.
They say they don’t.
Either way, it’s another trade-off that we should all be aware of when it comes to running these pre-built node stacks.
I've got two Dell Micro 7050's for sale that would make great standalone Bitcoin node's for anyone interested in upgrading their hardware or getting your first node setup. No SSD's in these, but if you need help with that, DM me.
https://t.co/aSVxkBAvNj