Keys stored offline, typically using a signing device aka hardware wallet.
Discussion
Such as?
Coldcard
Ledger
Trezor
❌Ledger - closed source, support of all shitcoinery and customer data leak
Oh, yep you’re right!!!! Don’t do this one
Coldcard for experienced bitcoiners or if you’re getting help setting up.
Muun for beginners. More than enough security imo
I just did a short video talking about the bitcoin security options! On the YouTube’s fo free
I like Muun! Was very easy to use and setup! 🐶🐾🫡
Mobile wallets are a good starting point if you start accumulating you need to think about getting a signing device or a dedicated machine. Make sure you keep your seed phrase offline, on paper kept safe or punched in steel for long term storage. 🫡
☝️
I am running my own node now, thanks #nostr for bitcoin 🐇🕳️ and 💊 me! 🐶🐾😂🤣😂
Nice what is your node set up?
I have an enterprise grade mini server with 4-cores 2 hyper threads, 64GB ecc ram, Intel enterpriseSSD 1.2TB , UPS, etc. overkill, I know 🐶🐾🤣😂🤣
Now I do have a couple of nostriches here trying to get me onto this…so I will be following!
Get 💊! 🐶🐾🤣😂🤣💗💕
They and you may as well speak in alien language to me…so I’ve no idea!
A node just a computer running the full bitcoin blockchain ledger and interacts with your wallet to confirm transactions/verify.
Okkk now I understand it better. But what’s the purpose, endgame?
Running your own bank! 🐶🐾🫡
Consensus and decentralization. Nodes keep the blockchain honest by all agreeing on the blocks of transactions and prevent things like dbl spends. The more nodes the harder bitcoin is to attack or disrupt
So, like your own vault?
The core idea in BTC is transferring value peer to peer, without intermediaries, and without the need to trust each other. So you can safely send and receive payments from anybody.
But as safe as the block-chain is, you are still going through third parties - the people/computers running the software (the "nodes") and keeping a copy of the blockchain, based on which you are transacting.
You can even mitigate that risk by setting up your own node, so when you transact you verify against your own copy of the blockchain.
Also, the more nodes there are, the more robust the network becomes, so it's for the common good too.
Now, the hot take: don't do it unless you are very invested and relatively tech-savvy.
I like Blockstream Green (hot wallet) and their Jade hardware cold wallet. Plan on graduating to Cold Card and Seedsigner soon tho.
Ledger and Trezor can miss me with their BS and shitcoining these days honestly.
I am currently shopping for a cold wallet myself. I think anyone with more than 7 figure-sats needs one. I do care about the software being open source and publicly auditable.
More important than that is that people learn how to get non-KYC sats, though.
Because what's the point of keeping your sats "safe" if they're not safe from the state mafia sending armed thugs to take them from you?
Anyway, running my own node? Meh. If I had the space and the extra cash to keep a couple of machines permanently online, and the time to get knowledgeable and to maintain the machines...
An article I wrote in BTC Mag about my own experience with practical non KYC that I think is relevant to your point here
https://bitcoinmagazine.com/culture/get-non-kyc-bitcoin-before-you-need-it
Also a blog post I wrote about my experience with definanicalization several year back. It’s easy to believe it’s not possible until it happens to ya…
Oh you wrote that one? It's in my bookmarks!
Yo you wrote this!? Noice!
What #[5] said! Fairly simple once you wrap your head around it. 🐶🐾🫡😂
Trezor is considered cold storage? You literally connect to your pc and wallet goes online, or am I missing something?
Wallet is always online, secured on the blockchain. Keys to unlock wallet however are secured on the trezor which requires pin and manual pressing button on the device itself to activate transactions to and from the wallet.
Thank you General 🫡 I think this is what scars a lot of the general public as it seems way too complicated to understand. Until a more simple transition is implemented then it’s hard to get them over the line! 🙏💜
wallet should be called a key chain
I think as more and more people wake up to the fact that banks are not the safety net they were promised and any custodianship has risk they will come around to it.
People have to want to learn first and foremost.
I stay hopeful they will. 🙌🏻🌎
Ohh I agree, a lot of people I speak to dislike the banks ect and would love to venture over….however the complexity of it at this time scares many and they stick to what they know and understand…for now 🙏
Just keep leading by example 😃
Can’t wait for the next bull run when all those seeds I’ve been planting start blooming again. 😂
We need something like “Bitcoin for dummies “ would buy! 🐶🐾🫡
Nailed it #[6] and on that note I can contribute absolutely zero from here onwards. I am so grateful and thankful to ALL OF YOU for taking the time to help and teach me, love this community 🙏💜
Bitcoin is a paradigm shift, happy to help anyone interested to learn!
That’s called ETH.
Nope, I meant reading material and tools. No ETH for me, ser. 🐶🐾😂🤣
Lol I know. The book, “for dummies”. I kid.
Bitcoin for dummies is called ETH tho. 😂
Well then, I need bitcoin for dumber dummies 🐶🐾🤣😂
Crayons are for drawing, not eating Fishcake. We’ve been through this already.
Lol! Don’t tell me what to do! If I want crayons, I eat them, period! 🐶🐾🤣😂🤣
Do you have a cold storage box for your crayons?
If not, they were never your crayons
I have a very hot node, ser. I hope crayons will not melt! 🐶🐾🤣
Is this how the book should be written? 😂
Unhosted crayons 😱
My own rack, by my side! 🐶🐾🫡
I’m teaching Custody to the kindergarten 🤣
To the dog! 🐶🐾😂
Senile dogs love eating crayons.
😂🐶🐾🤣
And on that note. Good Night! 🫡
Zapathon tomorrow LFG!! WoS going down!!
Nice meme
Yes the public has been conditioned to not trust themselves with their own money.
Best to just dip your toe into bitcoin and get comfortable before you put any real capital in because the security and safekeeping of your funds is on you. And while that is intimidating it is also quite easy these days. Just takes some time and practice making transactions and setting up your signing device (hardware wallet) and securing you keys.
Usb connection is not perfect, but effective.
You only connect when you want to transact.
Trezor T has slot for microsd? What is that one for?
Not 100% sure on trezor t.
But for cold card which I use, you can have an air gap meaning you never plug your CC into the computer. You can sign transactions via the micro sd.
Nm I’ve found it
What she said, no idea. 🐶🐾🫡😂
https://blockstream.com/jade/ here is an example of a signing device to keep your keys offline
Blockstream Jade is a great wallet for price point, Foundations Passport I’ve heard good things or if you like to build shit you can build a Seedsigner
Don’t have the tech intelligence nor the time to build anything, but thank you 🙏
Also, take your time…don’t rush, do your homework
You’re talking to a complete non-tech here and unfortunately I don’t have a lot of time to devote to this. But thank you for your support 💜🙏 appreciate you ALL here!
I feel like I’m going down a rabbit hole here…not that I’m not in one already! But I guess I need to study this as I will need to bring Bitcoin into my business soon!
We are here to help
Thank you friend, is there someone that I can like hire to do the homework and steer my business and myself down the right path?
Considering this,
You should go for a Trezor or Bitbox02
They are the defacto beginner friendly devices that plug directly into your computer.
Coldcard made by @coinkite is a typical fav. Arguably the safest.
Make sure when you buy _any_ hardware wallet you buy it from the manufacturer. NEVER BUY FROM A THIRD PARTY. You don’t want to risk it haveing been tampered with.
Blockstream Jade fully open source #Bitcoin only hardware wallet for cold storage.
Your private key never touches an internet connected device. 👌
#[5] on YouTube ⚡️