How Multi-Sig Makes All Bitcoiners Safer
Автор: Bitcoin University
Загружено: 2023-05-20
Просмотров: 32900
Learn how to build your own Bitcoin vault:
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In this video, I discuss how Bitcoiners moving their Bitcoin holdings into multi-sig makes all Bitcoiners safer. Once thieves learn that most Bitcoiners do not store all of their keys at home, future home invasions and break-ins should become less frequent.
At bare minimum, Bitcoiners should withdraw their Bitcoin from the exchanges and hold it on a hardware wallet (single sig cold storage).
The next step is to move that Bitcoin into multi-sig, where multiple keys are required to move the Bitcoin. The gold standard of multi-sig involves using hardware wallets from different vendors, as well as distributing those hardware wallets geographically.
"Not your keys, not your coins." If you need to ask someone's permission to move your Bitcoin, then the Bitcoin doesn't really belong to you.
Multi-sig also helps to mitigate against supply chain attacks, especially if you use hardware wallets from multiple vendors.
At the end of the video, I discuss collaborative custody solutions like Casa and Unchained, as well as the possibility of building your own multi-sig vault for maximum security and privacy.
Not investment advice! Consult a financial advisor.
‘The money is gone’: people who lost out in FTX’s collapse:
https://www.theguardian.com/technolog...
BlockFi Crypto Customers Lose Fight Over Disputed Coin Transfers:
https://www.bloomberg.com/news/articl...
Blockstream Jade hardware wallet:
https://blockstream.com/jade/
ColdCard hardware wallet:
https://coldcard.com/
Don't Use Trezor Coinjoin (Or Trezor):
• Don't Use Trezor Coinjoin (Or Trezor)
Fake Trezor Wallets Designed to Steal Bitcoin:
https://www.nobsbitcoin.com/fake-trez...
Casa Adds Support For Morons (Ethereum):
• Casa Adds Support For Morons (Ethereum)
Crypto's Dirty Little Secret:
• Crypto's Dirty Little Secret
Is Your Crypto Collaborating With Government Spy Coins?
• Is Your Crypto Collaborating With Governme...
Unchained multi-sig vaults:
https://unchained.com/vaults
I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.
My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.
#Bitcoin
#multisig
#hardwarewallet
Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video or at www.Trader.University (henceforth, “the Site”) should be construed as such by you. This video and the Site should be used as educational tools only and are not replacements for professional investment advice. There is a high risk in trading.
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