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Replying to Avatar FiddleHodlHomestead

#asknostr

Hi friends! Question: I have orange-pilled an elderly friend. He has a small business and is interested in creating a btc reserve. Sounds great but I'm a bit concerned about safety: since the business is in his name and has his home address, and since he would probably do it through one of the exchanges, hacks could potentially put him at personal risk.

I could eventually look into multisig for him but I'm not sure that helps keep him safe even if it would protect the btc, and he doesn't have the bandwidth for a complex security set-up.

Any thoughts or recommendations?

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Terminator ₿ 丰 ⚡️⛏️ 5mo ago

Better to use gold for his age , he understanding better than btc 😂

BTC is not for everyone this is the hard truth.

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FiddleHodlHomestead 5mo ago

Ha! yes, you have a point. Thank you!

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