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So a thief just picks up one of the hundreds of files, points his gun at you and says "What's the passphrase?" I think vaults probably handle that scenario bet

• vinceguidry 11y ago
  He'd have to know it's a Bitcoin wallet first, then he'd have to know it's yours. With a vault, he could just point his gun at you and demand you get your people on the line to withdraw it and give it to him. Your comment has me doing a threat model in my head, and you're right it's not perfect, but I still can't imagine a better scheme. Essentially, if an adversary can break through your personal security and is capable and willing to threaten your life, then you have much bigger problems than losing your stash.
• brianpgordon 11y ago
  Why do you think that you can't lock bitcoins in a vault? You just put your private key on a disk or flash drive or print it as a QR code and then lock that in a vault. It's called a cold wallet. That's what huge holders of bitcoin do to mitigate the risk of a security breach. They keep a small working amount of bitcoin in a hot wallet and keep the rest safe offline.
• deleted 11y ago
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• droffel 11y ago
  Actually, the Trezor now supports passphrase-based wallets! https://doc.satoshilabs.com/trezor-user/advanced_settings.html https://doc.satoshilabs.com/trezor-user/advanced_settings.ht... Basically, you can memorize multiple passphrases, each of which leads to a valid set of addresses. If you're under duress, you can provide the passphrase to a dummy wallet that doesn't contain your full balance. As far as the attacker is concerned, they have no idea that a second account even exists.