Not your keys, not your coin.
Protecting private keys is the bedrock of Bitcoin security - without holding a private key, BTC isn’t truly owned. 🧵
A private key is a massive 256-bit number (up to 77 digits) that grants control over Bitcoin.
Generating a private key on a device like Blockstream Jade involves multiple sources of randomness. This process ensures a unique, secure private key, created offline to avoid online exposure. The strength of the private key lies in this randomness.
A private key, when paired with a Bitcoin wallet, generates all Bitcoin addresses for receiving funds and signs transactions for sending BTC. It can be used across multiple wallets if needed, but it’s the ultimate access point to funds and must be kept secure.
Since securely storing a 256-bit number is impractical, Bitcoin wallets simplify it with a “seed phrase”—a list of 12-24 words representing the key.
The seed phrase is critical: it’s the human-readable backup for the private key. When setting up a Bitcoin wallet, the device generates this phrase. Write it down carefully and in the exact order given. It is the sole recovery method if the device is lost or fails.
Best practice? Record the seed phrase on something durable, like a metal plate. Physical storage on materials like Blockstream Metal protects against the failure of digital devices and guards against physical degradation.
https://store.blockstream.com/products/blockstream-metal-offline-backup
If significant funds are involved, avoid generating and storing private keys on internet-connected devices. Using a computer or smartphone risks exposure to malware or keyloggers. An open-source hardware wallet like Blockstream Jade Plus is the safest way to generate and handle private keys offline.
https://blockstream.com/jade/jade-plus/
Bitcoin’s rising value makes it a target for attackers and a more valuable asset to safeguard.
Understanding, protecting, and backing up the private key is essential.
EXCELLENT EDUCATION 👌👌👌
Got a 5hr flight tomorrow, need to dowload 6 hrs of podcasts to account for delays.
any recommendations?
thinking 1 from nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak 1 from nostr:npub1gu47n7fxfm4py48jktmu6tdqcvva4e87fntynuzzf62zxnw2e7tsc6907g1 from nostr:npub1s5yq6wadwrxde4lhfs56gn64hwzuhnfa6r9mj476r5s4hkunzgzqrs6q7z and 1 from nostr:npub1gfxgylgst4lcemkjth6xdvcvq7le8rtlrym7wayml63qrjggngaqkqescl
good choices?
nostr:npub1j8y6tcdfw3q3f3h794s6un0gyc5742s0k5h5s2yqj0r70cpklqeqjavrvg WOKE UP AND CHOSE TO SHARE MEMES
about to go live on zap.stream and youtube. come hang, we are winning
https://www.youtube.com/live/Lfe5bFwcDNQ?si=aZwQ3I_56nb7pmta
WATCHING JACK HAMMER IT 🔨
definitely buying at least one 🫂
"The practical consequence of solving this problem is that Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user"
I love this quote so I'm adding this...
"The practical consequence of solving this problem is that Nostr gives us, for the first time, a way for one Internet user to transfer a unique piece of digital information and property to another Internet user, without using a centralized entity"
(not to dismiss the forefathers, a nod to mix network, LAN, napster, gnutella)