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fix monerowealth
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1 changed files with 6 additions and 7 deletions
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@ -112,21 +112,20 @@ When flying within the United States, there is no legal limit on the amount of c
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<div class="col-lg-8 col-lg-offset-2">
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<h2><b>Where to store the seed phrases? </b></h2> </br> </br>
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<p>Your monero seed phrase is what you need to be able to access your wallet, it is a string of 25 words. <b>If you loose it, you loose access to your monero wallet.</b> If someone else gets access to it, they can drain your wallet, that's why you should never keep your monero on centralised exchanges, because the exchange admins hold the keys to your crypto, so they can drain it. <b>ALWAYS SELF-CUSTODY YOUR OWN CRYPTO! if it's not your keys, then it's not your crypto!</b></p>
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<p>Your monero seed phrase is what you need to be able to access your wallet, it is a string of 25 words. <b>If you lose it, you lose access to your monero wallet.</b> If someone else gets access to it, they can drain your wallet, that's why you should never keep your monero on centralised exchanges, because the exchange admins hold the keys to your crypto, so they can drain it. <b>ALWAYS SELF-CUSTODY YOUR OWN CRYPTO! if it's not your keys, then it's not your crypto!</b></p>
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<pre><code class="nim">
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yellow exhibit skill bracket venture tail snack deny push direct kitten canyon pulse fiscal ladder release door guitar mix addict crucial aspect wreck salmon velvet
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</pre></code>
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<p>If this is the seed node to your wallet, you absolutely need to keep access to it if you want to be able to keep accessing it, while at the same time make it impossible for others to seize it. Now you can try to remember it by heart, but good luck at that, because i certainly can't.</p>
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<p>Realisticly, to securely store our monero seed node, we're going to store it inside of a Keepass KDBX file, <b>which makes it accessible to us by simply remembering the master password of that passwords KDBX file.</b></p>
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<p>If this is the seed phrase to your wallet, you absolutely need to keep access to it if you want to be able to keep accessing it, while at the same time make it impossible for others to seize it. Now you can try to remember it by heart, but good luck at that, because i certainly can't.</p>
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<p>Realisticly, to securely store our monero seed phrase, we're going to store it inside of a Keepass KDBX file, <b>which makes it accessible to us by simply remembering the master password of that passwords KDBX file.</b></p>
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<img src="4.png" class="imgRz">
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<p>Now the question is, where do we store that keepass Passwords.kdbx file ? And how many monero wallets do we need ?</p>
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</div>
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</div><!-- /row -->
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</div> <!-- /container -->
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</div><!-- /white -->
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<div id="anon1">
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phrase<div id="anon1">
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<div class="container">
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<div class="row">
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<div class="col-lg-8 col-lg-offset-2">
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@ -146,7 +145,7 @@ yellow exhibit skill bracket venture tail snack deny push direct kitten canyon p
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<img src="5.png" class="imgRz">
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<p>But the other factor to consider here is that you may not be able to deny that the <a href="../haveno-sepa/index.html">Haveno Fiat -> XMR transaction</a> took place in case if you just transacted with a malicious peer (that just snitched that you just traded with them):</p>
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<img src="6.png" class="imgRz">
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<p>If you conduct a trade with a malicious peer that intends to tell big daddy government that you just bought monero, who knows, maybe the government would want to steal that monero from you. I don't think this is a likely scenario, but let's suppose that it actually happens:</p>
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<p>If you conduct a trade with a malicious peer that intends to tell big daddy government that you just bought monero, who knows, maybe the government would want to steal that monero from you. Since this is actually a possible scenario, let's suppose that it actually happens:</p>
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<p>You recieve a knock on the door, and the statist law enforcement just seizes your devices and they ask you how much monero you own. You may pretend that you lost it in a boating accident, <b>but if your anonymous VM monero wallet contains more than 10000 Euros-worth of monero, the thieves, upon forcing you to unlock your computer, and your keepass Passwords.kdbx file, are going to simply legally steal it from you.</b></p>
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<img src="8.png" class="imgRz">
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<p>Therefore, <b>That's why we need to cap the total amount of monero stored in wallets that we carry to the maximum legal amount of cash we are allowed to carry wherever we cannot deny it's existance</b>. We have the sum of the private and anonymous monero wallets that cannot go beyond 10000 euros (legally) because we cannot deny their existance, and meanwhile we can store an indefinite amount of monero on the sensitive monero wallet, that is stored inside the Sensitive use VM.</p>
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@ -196,7 +195,7 @@ The official amount of Monero you officially have is: 5 XMR, totaling at around
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(while in reality you secretely have an extra 10006 XMR, totaling at around 1.8M euros)
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</code></pre>
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<p>Now if the adversary were to seize and destroy your devices, you'd loose access to your monero seed phrase, <b>so don't forget to make backups of your critical sensitive data</b> as shown <a href="../plausiblydeniabledataprotection/index.html">in this tutorial</a>. That way you can keep the access to your money even if your data were to be destroyed.</p>
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<p>Now if the adversary were to seize and destroy your devices, you'd lose access to your monero seed phrase, <b>so don't forget to make backups of your critical sensitive data</b> as shown <a href="../plausiblydeniabledataprotection/index.html">in this tutorial</a>. That way you can keep the access to your money even if your data were to be destroyed.</p>
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<p>And that's it! You now know where to store your Monero wealth safely.</p>
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</div>
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