Nostr Web Client

You don't have your Bitcoin in your home. It's the signing device or key that you control. This is not part of the Bitcoin network.

Your key is a signing device or software that you unlock to sign transactions and your public key is used to provide addresses in order to receive payments on the "block chain".

The public key also is not revealed by providing addresses.

Learning how Bitcoin works will build confidence in self custody. Also learning that software solutions are governed by standards and protocols gives you the confidence to not be dependent on specific solutions.

As a known Bitcoin person you carry hot wallets that have small amounts and not wallets or signing devices with all of your Bitcoin.

You also don't live in fear because already you are being robbed by the state, banks, credit unions, inflation, poison food, medical quackery and other pre-orange pill standards.

Get off of zero. Learn to use Bitcoin and this will build your confidence. Also carry knives and guns and be dangerous or expensive to attack.

SamSnow 1y ago

But the keys are in my mind and someone who knows, can try to force me to reveal them with a gun to my head or to the head of my family.

I know this may sound a bit paranoid (i live in a rather safe country and right now I have a shitty stack) but being ratted to local tax authorities does not seem so paranoid to me, and in any case, my question is if anyone has any tips on how to balance out the urge to discover btc to friends and family (people I care about) and the necesary caution you must have when doing self-custody

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Discussion

🐢 1y ago

They can try to do such things, but if they end your life, they gain nothing. A more realistic paranoia is something plenty of wealthy people deal with, ransom. Guns, and other self defense or security measures are important additions to any bitcoiner’s life.

Also, if you’re afraid of the tax man, it’s because you’re lying to the tax man. Pay your taxes and play by the rules.

🐢 1y ago

Also, a “ransom” stack can be useful. A stack on a seed phrase you’re willing to hand over to save someone you love’s life, but is not your whole stack.