Tutorial: How To Create Super-Secure and Easily Memorable Passphrases

admin Banking, Bit Resources, Bitcoin For Beginners, Custom Bitcoin Address, How To Get A Custom Bitcoin Address, Technology, Things To Know, Wallets 0 Comments

So I’m sure once you start accumulating your precious coins you’re going to want to keep them  safe & secure.   In this tutorial, I will show you how to create a super- secure and easily memorable passphrase of between 10 – 20 random words. Let’s get started: Get 5 dice (standard six-sided) Take the 5 dice, put them in a shoe box or cup, shake them up and let them drop on a table. Record the 5 numbers from left to right. Example: 25361 Repeat steps 2 thru 3 for a minimum of 10 times and write them down in a column. Open this dictionary list of 7,774 words and find the corresponding words then write them in a second column next to the numbers. Discard the numbers, connect the words and create your passphrase. I like to use all upper case letters with no spaces in between. You can choose your own formula. The rolls of the dice are what generate randomness and the word list gives you a large enough data set to pull from. Using this method a 20-word passphrase has256 bits of entropy but a 10-word passphrase at 128 bits is more than enough. How to memorize …

The Naturalness of Bitcoin: Genetic Code Analogy

admin Bitcoin, Bitcoin For Beginners, Blockchain, Cryptocurrency 0 Comments

A friend of mine asked me some time ago, “Why do you need to understand it [the blockchain] so badly?” He is a software developer, and I have a background in humanities; so it’s always been interesting to me to understand the ‘technician’s way of reasoning’. This time, I was bugging him with some blockchain-related aspects, such as the genesis block and the coinbase transaction (the first transaction in a new block). I was trying to understand where the input in the block’s original transaction was — I believed the principle should be ‘nothing comes from nowhere or goes nowhere’. My friend said that there was no universal meaning, and that the technology behind Bitcoin is the way it is just because its creator wanted it like this. Coinbase transaction is really a transaction with no input — just because it’s a part of design. The models That friend of mine thought I was some kind of a fanatic who believes in a greater purpose of something without even understanding it properly. The last part is true — I’m just learning — it’s also true that I don’t see the Bitcoin as a universal solution, or blockchain as a universal …

50 Bitcoin Resources & Tools

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Unless you’ve had your head under a pillow for the last couple of years you’ve likely run across the term Bitcoin—a lot. In case you are unsure Bitcoin is all about, let me provide you with a definition from Investopedia which calls it, “A digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is a type of alternative currency known as a cryptocurrency, which uses cryptography for security, making it difficult to counterfeit.” Whether you are just learning about Bitcoin for the first time or are Satoshi Nakamoto himself, you’ll find plenty of interesting resources to explore here. From explanations to mining tools to wallets to exchanges—it’s all here. Let me know what I missed and what your favorites are! Bitcoin For Beginners Bitcoins.com – A simple, concise and well-designed guide to the world of Bitcoin. Bitcoin: What Is It? – Khan Academy course. Cryptocoins – Cryptocurrency and Bitcoin news and analysis (with a nice design). Coindesk – Bitcoin news, prices, charts, guides and analysis. We Use Coins – Your portal to the world of Bitcoin (great for starters). The Bitcoin Wiki – For all your Bitcoin needs. r/bitcoin – The Bitcoin subreddit. How Do You …