fedimint VS paperback

Maybe Fediment could be a promising way to store your Bitcoin. I've been keeping an eye on how this is progressing.

You might be interested in what is going on with Fedimint

Something like planetary fedimints or similar https://fedimint.org/

I hate to say it, but I believe most people aren't responsible. I think new options to on-board people which bring more comfort will be needed for mass adoption. Maybe a community custody platform such as Fediment or whatever the folks over at Ego Death Capital are up to that seems to have Jeff Booth and others just ecstatic. However I fear massive on-boarding comes with a lot of people still trusting an investment firm.

You might find https://fedimint.org/ interesting if you're not familiar - i could see bitcoin custody becoming a community centric thing but time will tell :D

when i start the scripts this error keeps popping up . I am running the scripts referring to this github repo https://github.com/fedimint/fedimint/blob/master/docs/dev-running.md

Fedminit: https://fedimint.org

In Cashu, a mint is a single custodian, while Fedimint is designed around a multiple federated mints in a multisig. Both issue e-tokens signed with blind signatures. Both of them also integrate with the Lightning network, so users of the minted cash can make use of the rest of Bitcoin ecosystem for payments.

The Bitcoin base chain can handle about 7 transactions per second, lighting theoretical upper limit is up to 1,000,000 transactions per second. You can use lighting without managing a node yourself. There are even projects[0] in development that allows for community custody, so it stays trustless even when using a custodian.

0: https://fedimint.org/

Yes. QR codes are meant to store only a few kilobytes at most. They are not suitable for encoding gigabytes of data.

At perhaps 2KB per page, you'd need 524288 pages to store a 1GB. That's 1048 reams. Please just use an archival optical disk instead.

Even if the scheme using multiple QR codes in sequence rather than a single large code block. The paper backup implementations that use QR codes https://github.com/intra2net/paperbackup https://github.com/cyphar/paperback are only meant to be used for private key backup.

There's a cool paper-based backup tool that also uses Shamir Secret Sharing to let you distribute a bunch of paper copies to your friends to restore a file optically:

https://github.com/cyphar/paperback

Paperback will do it automatically for you, open source and free. Thier README also has recommendations for long term storage of paper.

That exists: https://github.com/cyphar/paperback (or the paper-store script suggested by /u/nurupoga/ below).

there are ready-made solutions for that, like https://github.com/cyphar/paperback

You could encrypt your key info using paperback. This then requires at least X amount of people holding parts of the decrypt key to come together to decrypt your last will.

I know you're joking but there's actually software that was made just for that