Learn Bitcoin Risk Free On The Padawan Testnet Wallet
*This is for informational and educational purposes only.**.
Note: testnet Bitcoin has no monetary value. If someone tries to sell you testnet Bitcoin for paper fiat money, Don't fall for it. It is a scam.
What IS The Padawan Wallet?
Padawan Wallet is a a free and open source bitcoin testnet wallet. It is currenty available on the Android Open Source Project. Sorry App Store Users, it is not yet available on the App store. Check the website for updates It teaches you how to create a 12-word Bitcoin wallet and send Magic Internet Monopoly Money through the InterTubes. They will give you 150,000 testnet sats, valued at $0.00. That's a good thing, because we need sats we can do crazy mad scientist testing on without having to risk our lunch money.
Note:Testnet is a wonderfull tool for developers, but don't tinker with Testnet on a wallet you use with main net real deal Bitcoin unless you absolutely know what you are doing. Padawan wallet is meant for educational purposes. Parents could use it to teach thier kids to retrieve Bitcoin by entering in the 12 words. If they make a mistake, it's not a big deal. it's not even a problem because the data are worthless. There is no advanced mode that will allow you to wreck yourself either. Worried your phone might be hacked? Sucks to be you, but you won't lose any money if your Padawan wallet gets hacked.
We Can Safely Enter Seeds We Use On A TestNet Wallet In A Browser
Since this we are using sats, we can test our wallet making methodology on an Internet computer without taking out the hard drive, Wi-Fi card and all that other fancy gapped computer stuff that isn't full-proof anyway.
TODO: Make Padowan video
The Wallet Ritual
To enter the Commonwealth on The Internet, as Erik Cason desceribes it in CryptoSoveriegnity](https://cryptosovereignty.org/). The [Bitcoin peer-to-peer network](as Erik Cason desceribes it in CryptoSoveriegnity](https://cryptosovereignty.org/)) requires members of this commonwealth to keep a large, random, number a secret. How large? It's easier to show than tell so I made a video tutorial, but here are the basic steps:
- Roll At least 100 dice rolls. I prefer to roll more, but 100 dice rolls is decent. In the tutorial I will show you these mechanics of these dice rolls.
I prefer to write them on index cards in the following fashion . I find this method easier to check, but it's not required . You can also roll 1 single die 100 or more times, but watching someone do that on video is like watching paint dry in the rain. **It's important to Read each single die from left to right. I like using casino dice, but am not sure it's necessary. NVK's on record saying it isn't. Actually I prefer to mix different types of dice. Hardware wallets, also known as signing devices contain one or more secure elements that can add more entropy to your dice rolls which can combat poor entropy rolling skills. Many wallets contain two or three of these secure elements which means three or more parties would need to collude in order to steal your sats.
**Nothing is risk free, but a seed on a device like this is military grade security. Adding a passphrase is a great option for most threat models according to long-time Bitcoin educator Matt Odell💜
When you finally take possession of your own money using your own node, you become part of a community of die-hard nerds on a mission. It's like being on a secret clubhouse where anyone can join as long ass you have 12 or 24 secret words. It doesn't matter wht your race, gender, nationality, nor creed, anyone can become part of this mathematically sound money.
What If There's a 🔥?
I feel terrible for people whenever I hear their home burns down. It must be hard to lose all those memories. Some things cannot be recovered especially our lives and the lives of loved ones. I have a toy that belonged to my grandfather . I doubt it would be exciting to an expert on the Antiques Road Show, but it's priceless to me. My photos are encrypted and backed up in a pretty geeky way, but that toy can't be backed up. Even if I found a similar one on eBay, it wasn't my grandfather's toy.
If you lose your seed word, like your grandfather's toy, you can't get it back. Luckily we can protect our seed words from fire by stamping them into stainless steel.
I like the SEEDPLATE because the punch tool is the easiest method I've used for seed backups. It's a good idea to mark the spots with a dry erase marker and double check what before you punch it. The first four letters of each word are different so you only need the first 4 letters to reconsruct the wallet.
If you make a mistake and have a partial seed, you should destroy the seed. Although a 12 word seed is pretty strong at about 128 bits, This becomes much less secure if an attacker only needs to guess six of your 12 words. So if you make a mistake half way, you should punch all the holes to leave no trace of your partial seed words behind That's why I like the seed plate. I've stamped M2 washers and it works,but erasing mistakes is challenging.
We can also keep multiple copies and protect it with a passphrase. Experts have ways of splitting these seeds using XOR, but this creates more points of failure, so please don't try this at home. If you're interested in learning about this advanced concept , check out SeedXOR.com.
If you're public, Multisignature is a good idea, but it's complex and requires advanced skills. The other issue is that your family will also need these skills if you get hit by the proverbial bus. You also want to make sure that if someone breaks into your house and catches you off guard ,you can honestly say, I cannot spend serious money . There are even Time-Locked MultiSignature wallets with insurance available for high net worth individuals today. It's a fascinating rabbit hole, and they are using cutting edge technology called MiniScript. This is bleeding edge technology that allows experts to do interesting things like set up inherence wallets that deprecate to one key at a certain date or after 30 days of not receiving any transactions or whatever you're imagination can dream of. I think this would be interesting technology to use for Endowmets like Harvard.
Shoutout to Jameson Lopp who tests steel and publishes his research on GitHub . It's fascinating stuff.
"Writing a description for this thing for general audiences is bloody hard. There's nothing to relate it to".
- Satoshi Nakamoto
nostree.me/npub1marcl30nnqruvzz7gv075d8xaqvhlexd02gmh6dw7afxxpt2kcvs44xf53