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Trezor - Hidden in plain sight

The TREZOR hardware wallet has unique advanced features that allow you to hide the true value stored on your wallet; this is achieved by using pass-phrase technology. As governments world wide expand their reach and become more intrusive each day; its only a matter of time until your asked to declare the value of your crypto currency or forced to unlock your hardware wallet. Traveling domestically in the United States, you may encounter an overzealous TSA Agent and confronted regarding your Trezor. Crossing international borders into the US you may be questioned by US Customs & Border Protection. Any overreaching government entity for that matter could be a threat to your personal privacy. To avoid potentially being detained or denied entry into a foreign country safe guards are in place to avoid such situations. 

To access you wallet using the TREZOR you simply plug the device into a computer using a USB cable. When prompted you would then enter your pin number. By default this now gives you access to your entire wallet. Showing the amount of bitcoins and the USD estimated value. Not the best scenario in the event your forced to reveal your holdings. Adding an extra layer of security with pass-phrases gives you the ability to compartmentalize your wallet and show what you want to be shown. 

Wallet #1 - Pin only = 0.5 BTC
Wallet #2 - Pin + Passphrase 1: {123abc) = 1.0 BTC
Wallet #3 - Pin + Passphrase 2: {xyz123} = 3.0 BTC
Wallet #4 - Pin + Passphrase 3: {reallygoodpassword} = 100 BTC

For example lets say your stopped by the TSA prior to a trip to Mexico departing from The United States. They ask you to "decrypt" your TREZOR so they can see if your traveling with more then $10k USD.  Sure thing, Mr. TSA Agent. Let me enter my pin number and password. As you can see I currently have 3 BTC (as of today 1 BTC = $2,332) which is worth approx $6,996.

Having this flexibility gives you multiple options and allows different pass-phrases to access different wallets. In this instance the "bad guy" sees what you want them to see. By taking advantage and utilizing passphrase support nobody is the the wiser. Since there is no way to prove that there is any wallet beyond the ones' you have admitted to, the "attacker" will have to be satisfied with the revealed ones. For matters of national security you have unlocked and "decrypted" your device and therefore have complied with the security control and satisfied there demands. 

We a currently working on a video tutorial on how to setup this feature, stay tuned!

 

 

 


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