Read_459 - Call me Ishmael [BitMex]

November 06, 2020 00:23:09
Read_459 - Call me Ishmael [BitMex]
Bitcoin Audible
Read_459 - Call me Ishmael [BitMex]

Nov 06 2020 | 00:23:09

/

Hosted By

Guy Swann

Show Notes

"One can use a “brainwallet”. Refugees need to carry nothing with them, all they would need to do is remember a Bitcoin wallet passphrase. Funds, potentially millions of US dollars, can therefore be effectively stored inside of one’s mind." - Bitmex research

What is a bran wallet and what exactly are the risks and benefits of trying to store Bitcoin in your mind? Is it so simple as generating a key from your favorite quote? Or could this just be a recipe for disaster?  In a time where it is more important than ever to hold your own keys and prepare yourself for the raging bull, Bitmex Research brings us a timely article about the security and concerns of storing Bitcoin in your brain?

Check out the phenomenal amount of research at the Bitmex blog:
https://blog.bitmex.com/call-me-ishmael/

Don't forget to check out the awesome wallet by our sponsor Hexa Wallet! So many great features available to hold your own keys and protect yourself from loss in the case of disaster. Find them at Hexawallet.io

--- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message

Other Episodes

Episode

October 27, 2020 00:53:02
Episode Cover

Read_453 - Lies, Deception, & Unnatural Money [Nik Hoffman]

"money printing only “works” if the majority of people don’t even realize that it is steadily devaluing their earnings and savings. People must be...

Listen

Episode

July 31, 2025 02:21:46
Episode Cover

Guy's Roundtable_011 - Treasuries, Politics, Quantum & Why This Cycle is Different

Why does this Bitcoin cycle feel… different? In this Roundtable, I sat down with Simple Steve, Bitcoin Mechanic, and my brother Jeff Swann for...

Listen

Episode

November 18, 2022 00:51:22
Episode Cover

Read_675 - Stop Drinking the Elite's Kool-aid [Nayib Bukele]

"They used to own everything, and in a way they still do; the media, the banks, the NGOs, the international organizations, and almost all...

Listen