Ragnarok on Netflix tremendous! I cannot believe I slept on this.

Stuck between obsessively learning more about #Bitcoin and wanting to just stack and chill.

In related news:

There is no good reason to own as many hardware wallets as I do.

Whatever you are going through, it too will pass. Such is the way of things.

Part of my #Bitcoin security architecture is to have solid fiat finances.

The number one risk to your stack is you. Whether it’s getting too smart with your security, or too dumb with your fiat finances.

Like it or not, you need to play on the fiat system for the foreseeable future.

Should be a solid Midwestern Saturday. About to go to the archery range, then breakfast, and then it’s off to the firing range to give the pistols a workout. 🤙🏼

I keep going back to simple.

Like just 2 copies of a seed one at home and one in a safe deposit box.

Passphrase that’s easy to remember, but also backed up in a password manager.

Like that’s it.

Oh, want a hot wallet? Just use Wallet of Satoshi.

Like seriously. That would probably be more than enough for 99% of Individuals in reality.

Seed storage / security is a total mind fuck.

LOOKING FOR FEEDBACK:

Please punch holes in this #bitcoin custody architecture:

1. Make a fresh, proper 24 word seed phrase. Use dice. (ColdCard MK4)

2. Seed XOR (https://seedxor.com) into 2 parts. (Done on ColdCard)

3. Backup XOR {Seed 1} - 2 Copies

4. Backup XOR {Seed 2} - 3 Copies

5. Distribution Example:

1. Home - {Seed 1}

2. Business Safe (or other personal safe at different location) - {Seed 1}

3. Safe Deposit Box (Bank A) - {Seed 2}

4. Safe Deposit Box (Bank B) - {Seed 2}

5. Family Member Safe (>500 Miles Away) - {Seed 2}

6. Use the base seed phrase as a dummy wallet.

7. Cold storage on passphrase

8. BIP85 derived seeds for anything else.

1. Hot Wallets

2. Hardware Wallets

3. Multisigs

4. Etc

I’m envisioning the master seed as the nucleus of everything you do in Bitcoin.

Help me make this better. I’m trying to reduce complexity as much as possible while hardening the security of the master seed from which everything will be derived.

🤯

nostr:note1g278xg92zrqm2rn20s8lf7gx4g4ycc4dtlydesnm25rc5606kdfq97hje4

Captain Planet was a 5-of-5 multisig

🎯

nostr:note12e3gxa4fpcs9ek36j964x8a5xahn4eenkt4p23xz4af6muakhnds0uukrh

You should avoid buying more #Bitcoin than you are willing to protect.

They will use every single tool at their disposal to delay. They know they are against a wall, so the best they can do is kick the can.

Setting up a robust multi-sig wallet is not a task that you should seek to accomplish quickly.

Take. Your. Time.

Better security and redundancy are only the tip of the ice berg.

#Bitcoin

Lyn’s just out here, doin' the lord's work.

🙏🏼🫡

nostr:note1x2pgscef8crsv3m7274jaka55uh2t6l0ks220yx8ax7crllp8s7sgwkwck

I genuinely appreciate the insight. I am thinking through a new multi-sig setup. So I’ve been spending a lot of time (and money) testing hardware, backup methods, etc….For whatever reason I couldn’t see the value, but your post really clicked with me. This now feels somewhat obvious, but could a person just make as many seeds as they want, backup the data be it with words or a SeedQR, and use just a single signing device (talking just straight hardware like a single SeedSigner) for all signatures?

Love this framing. Good note! 🤙🏼

lol, I certainly didn't mean any offense. Honestly, this is exactly the response I was looking for to help me better understand when and where this would be used.

Thank you!

This is my feeling as well. I just cannot find a good reason to go down this road.

It’s that time of the year again where I review my #Bitcoin security, and take the time to look at anything new that I may want to add.

This year I’ve been exploring stateless hardware wallets and SeedQR…I might be missing the point, but it feels like technical masturbation to me.

So instead of pulling out a hardware device that stores the seed on a secure element, I need to get my actual seed phrase out. Which means taking it out of a tamper bag, closing the blinds, covering any cameras, and loading it onto a device.

I get being paranoid, but if you are, wouldn’t you be a touch worried that someone put a hidden camera somewhere, and the moment you take out your seed QR, it gets scanned and swept?

Been spending a lot of time studying various #Bitcoin entrepreneurs, and the companies they are building. Overlaying my opinions of these people & projects through the last 3-4 years and its wild how my opinions have changed.

Not long ago, I viewed people like nostr:npub1sg6plzptd64u62a878hep2kev88swjh3tw00gjsfl8f237lmu63q0uf63m and nostr:npub1cn4t4cd78nm900qc2hhqte5aa8c9njm6qkfzw95tszufwcwtcnsq7g3vle as the ones who were building the best of the best businesses in #Bitcoin...To be fair, I still to a large degree feel this way.

The bothersome part is that people like nostr:npub139nl9yxvwayl60fr97m3zrq9md6x5v0uup344mkyuyg6mzlusyxs4zkwf4 eluded my interest. Quietly building. No flash. Just principled execution of a plan. I knew of nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en but paid it no mind.

Now that the dust has settled, and some of the biggest players/fraudsters have been purged from the system. One of the only companies that has gone through this bear market without controversy, close calls, or lost funds is Alex's. He walks the walk and it shows. Bigtime.

🤙🏼

This bear market has exposed a lot of bad practices such as using custodians like Prime Trust. Even some of the most trusted brands in the space nearly got caught. Strike and Swan just to name a couple.

It also elevated the #Bitcoin businesses that are taking a slower and more network native approach, such as nostr:npub1xkere5pd94672h8w8r77uf4ustcazhfujkqgqzcykrdzakm4zl4qeud0en.

Huh, anywhere that I can find more info? Curious if it was actually nefarious or if they were just trying to test out some spam filtering.

No clue, but there seems to be a bit of salt towards them that I have not seen before.

I feel as though I missed some sort of drama related to nostr:npub12vkcxr0luzwp8e673v29eqjhrr7p9vqq8asav85swaepclllj09sylpugg and I am not 100% clear on what that was. Something to do with shadowbans or content filtering?

Genuinely curious if anyone is able to fill me in.

What are they walking back?

I love this.

🤣😂