Clayton
New member
Hi all, newbie here.
Was watching one of Andreas' videos in which he mentions his form of deep cold storage.
He says his funds are:
"held on keys that are not initiated on any device. They exist in such a way that they're encrypted with a memorized passphrase which I have also communicated to people who might become my heirs so that they don't get lost with me and that's cold storage"
Can someone please explain how do you
(a) transfer funds to keys that have not even been initiated? Don't you need a wallet to generate that for you?
(b) How do you encrypt them with a passphrase without a wallet?
Thank you.
Was watching one of Andreas' videos in which he mentions his form of deep cold storage.
He says his funds are:
"held on keys that are not initiated on any device. They exist in such a way that they're encrypted with a memorized passphrase which I have also communicated to people who might become my heirs so that they don't get lost with me and that's cold storage"
Can someone please explain how do you
(a) transfer funds to keys that have not even been initiated? Don't you need a wallet to generate that for you?
(b) How do you encrypt them with a passphrase without a wallet?
Thank you.