BITKEY IS STRICTLY BETTER THAN CUSTODIAL WALLETS FOR LONG TERM STORAGE.
IT IS JUST AS EASY TO USE IF NOT EASIER.
THERE ARE PROBABLY LESS THAN 2 MILLION SELF CUSTODY BITCOIN USERS WITH MORE THAN 10M SATS. NEED TO GET THIS NUMBER UP ASAP.
BITKEY IS IDEAL FOR THOSE TOO OVERWHELMED TO LEAVE EXCHANGES.
REALLY A GAME CHANGER OF A PRODUCT.
HIGHLY RECOMMEND.
Just got mine two weeks ago.
Have a Ledger (yuck) & Jade as well.
Also would recommend Bitkey to a friend or family member
I believe the same: it’s very good for people to self-custody in a pretty minimized and safe fashion
Yes Bit Key is over hated.
TUTORIALS ON YOUTUBE I WOULD SAY?
I just onboarded my uncle and cousin to both Strike and BitKey. We are winning.
My 2 month old granddaughter now has her first hardware wallet. Waiting for the UTXO address to send to in-laws.
That's beautiful.
Bitkey is a great way to onboard people. Just bought one each for my brother and sister
👏🏻👏🏻👏🏻
Most excellent. I feel I might be compelled to try #bitkey as an inheritance model for simplicity’s sake.
Best combo for onboarding newbies 💜
Wait. On purpose?
KYC is a shitcoin dude
nostr:npub1y4agzkpc58xvqzwtjtjgd35a8c3wa92ty89u09h4g38hm6fvykksa9cg7c how does it compare to the Jade?
nostr:npub1qny3tkh0acurzla8x3zy4nhrjz5zd8l9sy9jys09umwng00manysew95gx
BITKEY IS MUCH EASIER TO USE AND BETTER BUILD QUALITY.
Jade has a screen tho!
JADE IS LESS SECURE THAN COLDCARD AND HARDER TO USE THAN BITKEY.
WOULD NEVER USE IT PERSONALLY.
Jade is only "less secure" to a Coldcard if the Coldcard is part of a multi-sig setup made up of other geographically diverse hardware wallets. Otherwise if it's a single sig Coldcard it's more secure assuming the use of the 2of2 or 2of3 account types in Blockstream Wallet. It's cool if you dig Coldcards, but don't spread misinformation.
If you're storing the seed in the device, sure. But simply using it as a temporary airgapped signer, how is it less secure?
Think the Jade has to dial home when you get it's initial keys or something. It sends something to blockstream from memory.
Bitkey relies on a 3rd party server.
I don't like the idea of dickheads dns-spoofing with MITM type crap... or having to rely on a online server.
having said that... Dad has one. He likes it.
Anything that assists in making self custody of Bitcoin easier is a positive. Get them off the exchanges is a good mantra.
Seeing nostr:npub1yn4mddvdpwvy49jmwmuze600lpu4ej2sskjdp80dc455nm2edtdqaztec0 here is gonna be cool
I toy with the idea of getting one. It really does boil down to the trust in Block Inc and its longevity for the third key.
THEY COULD IMPLODE AND YOU CAN STILL MOVE YOUR BITCOIN.
I TESTED THIS PROCESS. WORKS GREAT.
Yes and that’s the key - excuse the pun. And in comparison to others in the field, you basically have nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m who is seems to be very vested in the whole bitcoin thing vs some unknowns selling some similar product.
Well to be fair there are some people very vested in the whole bitcoin thing.
There is for instance nostr:nprofile1qqspjp7f92tdat9gsv94x0lqja8q3lagu6ww28vd2vngl7wd9dkz0tcpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9u9pqxgc the original author of the RaspiBolt guide, enabeling plebs to easily run a node at home. He is with nostr:nprofile1qqs9500z3l7sn46sdnls5fnjm0d3lqmrq7707qshes2y7j8pnm4rllcpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9uzuurf6.
Or there is nostr:nprofile1qqsw3znfr6vdnxrujezjrhlkqqjlvpcqx79ys7gcph9mkjjsy7zsgygpr9mhxue69uhhqatjv9mxjerp9ehx7um5wghxcctwvsq3samnwvaz7tmjv4kxz7fwdehhxarjd93kztnrdaksz9thwden5te0wfjkccte9ekk7um5wgh8qatz7tvu4p - coldcard. And lots others.
IMHO one value of the whole bitcoin thing is that there are actually people I could trust although I don't have to.
True. I like Bitbox too. I think it might make sense to diversify. A bit in Bitbox, a bit in Bitkey and perhaps a bit in Coldcard. I also personally know quite a few who shun them all and opt for the old school keys on paper.
I appreciate the recommendation OG! 🫡 ⚡️ 🔥
Excellent suggestion.🤩
nostr:nprofile1qqsvn0dkjt80raqrxd470c98n7zrdehmcvj6p5hgw3kyku6zyd8z0fqpz4mhxue69uhhyetvv9ujuerpd46hxtnfduhs3tqahp + Bitkey is the Bitcoin operating system for today's masses
Do they have lightning supported in their phone app?
NOPE.
IT IS A SAVINGS WALLET WITH FOCUS ON SIMPLICITY. NO NEED FOR LIGHTNING.
But they are working on it.
Isn't there a worry that one of the 3 multisig keys is stored on Square's servers?
that’s the security model
IT IS USED TO MAKE BACKUPS EASIER.
THE COIN CANNOT BE STOLEN EVEN IF THAT KEY IS COMPROMISED.
YOU MAKE A GOOD POINT. IT GIVES THE MASSES MULTISIG SECURITY WITHOUT WORRYING ABOUT THE COMPLEXITY OF IT
so is this similar to the multisig model of Casa but tied to this hardware?
how fucking rare it still is to actually hold bitcoin
BRO IT IS INCREDIBLY RARE.
PROBABLY LESS THAN HALF A MILLION SELF CUSTODY WHOLECOINERS.
what’s a good webpage with utxo size stats?
Just bought one for my daughter to get her off an exchange.
WONDERFUL.
GREAT CHRISTMAS GIFT.
Yea my friend was holding over 30 mill sats on Swan and he finally moved it to a Bitkey as the price point and ease of use was attracting.
Not everyone will have the time or energy for a cold cold or foundation passport but Bitkey makes it super easy.
My 2 year old has a Bitkey.
An excellent product. It's now my go to recommendation. In a lot of ways more secure than a single sig hardware wallet. Wherever you're hiding your seed phrase, if someone finds it you're boned. With bitkey if someone finds your phone or key, nbd. If someone compromises your email, nbd, they have to fuck you multiple ways to take your money.
Everyone will be getting one from me this Christmas. I like how the “buy” button is built into the app and abstracts away the whole transfer process.
As someone who has two other cold wallets, what would be a use case for me? Multisig?
💯 10k hours is great, but bitcoin wins when 10k hours is not necessary. Bitkey does that. Love mine, but I can't seem to run the battery completely dead 😅
Couldn’t agree more! I recommend a Bitkey all the time.
bought one for my wife...great experience
need a locksmith
exactly. the path usually leads to bitkey.
otherwise just use strike until you care more nostr:npub1p7g986pc56qmvryplgzka0fsrpuwlk6mxk3h686w4e46n74e56qqhz88vk
https://bitcoincharlotte.org/learn/how-to-save-your-bitcoin
Need a little more nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m confidence boosting here too.
I've been moving bitkeys like crazy. I think I bought 10 for different people so far.
Isn't #ecash / #cashu the right way to onboard people and later come to #lightning and then to #bitcoin based on the amount of #sats they stack? 🤔
lol no. God no. Don’t ever do this
I'M GOING TO GET ONE FOR CHRISTMAS. GOT ODELL'S BLESSING. WORTH A LOOK. BEEN USING SQUARE FOR YEARS AT FARMERS MARKETS AND I LIKE nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m. 👍
I bought one just to check it out, but I don't I'll use it. I'll probably gift it to someone else.
I don't like that you can't get a seed phrase so you're dependent on the company for at least two of the three keys & the emergency access kit is probably too complicated for most people.
FEEL THAT. I TESTED THE EMERGENCY KIT PROCESS. PRETTY STRAIGHT FORWARD. MOST WILL NEVER NEED TO USE IT.
My biggest question about Bitkey (bought 2 when it was on flash sale for $25 dollars but haven’t used it yet)…The materials suggest that your keys can be recovered in a catastrophic event where you lose your phone and your HW device via trusted contacts. I take that to mean, assuming to set up trusted social contacts, that the trust social contact will have a copy your mobile key (which I understand will only have certain permissions) on their iCloud. And so then in hard loss event your trusted contact helps your recover your mobile key and then you initiate the HW replacement flow and use your mobile key and the Bitkey server key to transfer your funds to the new HW wallet key. Is this the correct understanding?
That's roughly right but the trusted contact has a key to decrypt the mobile key. They don't have direct access to the mobile key. See more details here https://bitkey.build/sharing-our-recovery-design/
This is great, thanks for sharing the link.
Ok, now that I’ve read that I’m revising my opinion. I’m just putting some thoughts here for a sanity check.
Cloud backup - I missed that before. I don’t like the platform lock-in, but that’s not a deal-breaker for me.
Trusted contact - At first, I thought this was an alternative cloud backup, which would enable a multi-platform workaround. But, after fully reading it seems to be an extra security layer on top of the normal cloud backup, which is nice.
Break glass - It seems that as long as you have your hardware key this sort of overcomes the platform lock-in since it includes an encrypted copy of your mobile key & you can theoretically make multiple copies. It doesn’t really overcome the inability to migrate between platforms though. Only to sweep your funds & migrate away from the Bitkey.
All that said, I do now think that I’ll set it up & use it to replace my hot wallet as it seems to offer a bit more security.
It’s a beautiful product & I’m definitely recommending it to beginners. Will probably give this one to my kid who turns 18 & heads off to college next year so they can start stacking on their own.
💯
It’s definitely better than having your private key written on a piece of paper and shoved into a random
LP sleeve for 5 years. Bitcoiners these days are spoiled with options.
Actually just got 2 newbies on Cold cards directly. Described different wallets and both just said want air gap and best security, happy to take the time to learn. Was quite shocked but a little explanation just worked.
Have you ever shared your opinions on a collaborative custody setup like unchained? Would love your feedback on this.
Sound advice.
And yet the Bitcoin Puritans whine about no seed phrase
Meanwhile they will lose their bitcoins either by having only one key or by fucking up multisig
Sorry, but UX is everything and it’s obvious Jack knows UX but other wallet makers do NOT
need to get that number up as these massive players are coming in
Just bought one for my sister in law and her husband.
Minor detail question - do they need to set a daily limit on the mobile key? Seems like it would be unsafe without it, as it’s a hot wallet without needing to use the hardware.
I want to make it as simple as possible for them but don’t know if I’m introducing complexity by telling them to set a limit.
i see numbers, i have feelings.
I got one and it's amazing. They should do a Proof of Keys promo complete with material for people like me to share with friends & family. Not much needed. just a small bit of text + a few minutes of video or something.
