Avatar
Dani
1f698bd4b5dda804316f09773f903ca699cf5b2a0fcd5b3fe6e0709668d58e60
Marido, Papá, Seguidor de Jesús

106 🙌

nostr:note1fjyj6c3e08z650gr0j3n8ckdju3kul69v6q5m5tu4mk4hl3h5adsdljl3w

What a great day! GN

Articles on biblical spirituality, Christian living, Christian womanhood, and more.

Subscribe today: bit.ly/3DFta43

Now we are all running bitcoin

nostr:note1339ljhkw8jjqq50655u5ufmdq6f6gw535j2yxfrgkhgtprh24zksthllmz

Future of jobs according wef

Happy Friday! It’s one of my favorite days

Demystifying why we all need Bitcoin. You need to watch this! https://youtu.be/YtFOxNbmD38

#satsvsfiat

Replying to Avatar TonySly

Trying to get nostr:npub1ex7mdykw786qxvmtuls208uyxmn0hse95rfwsarvfde5yg6wy7jq6qvyt9 bill pay set up. Waiting on account verification deposits.

Anybody else using the bill pay service yet?

Yes! No issue. Excellent service

Replying to Avatar Blockstream

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 explanation