SOLIDHODL Instruction video (English tutorial)

This is a step by step tutorial for setting up your SOLIDHODL.
Please go to the following page if you want the tutorial in text with images: solidhodl.com/pages/start

[@paulhockin5264]

How is this better or more secure than just writting it down?

[@Lassaro]

Its water and fire proof.

[@2Pro4uhoes]

@@Lassaro so is my safe.

[@BTC-Direct]

The most important thing is to think about your setup and are aware of the present risks. If you have a fireproof safe and know 100% certain a piece of paper inside there will survive a fire: go ahead. But most people don't have a fireproof safe.

[@ruvenf1811]

What about the d for the 1st word? Only 4 letters per word?

[@BTC-Direct]

Yes only the first 4 letters per word. Why? Well of each possible word (search for 'BIP39 wordlist') the first 4 letters are unique. When you will execute the recovery process on for example a Ledger or Trezor hardware wallet it will already show you the possible words when you've filled in 2 or 3 letters. You can then choose your word. Knowing the first 4 letters of each word is enough.

[@suniphoenix9706]

I don't think this is a good system at all. You need the full word.

[@BTC-Direct]

@@suniphoenix9706 For the use of a hardware wallet, which is recommended, you don't need the full word. Software wallets (which are not recommended to use) often require to fill in 12 full words. With a BIP39 word list you can still find the full words knowing the first 4 letters of each word as the first 4 letters are always unique. That's why almost all Seed backup products go for the '4 letters per word' system.

[@ap3x212]

@@BTC-Direct so for a ledger x wit 24 phrase words, this would then work perfectly?

[@maximilianomaroli]

​@@suniphoenix9706I agree with you