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

July 27, 2020 01:08:08
Episode Cover

Read_421 - Lightning as a Retail Payment System [Nicolas Burtey]

"Privacy is at the root of Lightning which is a requirement for a retail payment network to succeed. It builds on Bitcoin which does...

Listen

Episode

August 12, 2024 01:24:04
Episode Cover

Read_838 - Crypto Rebels

"It would be wrong to think of Cypherpunks as a formal group. It's more a gathering of those who share a predilection for codes,...

Listen

Episode

August 16, 2024 01:33:50
Episode Cover

Chat_109 - Bitcoin, Privacy, Sovereignty and the Future with Daniel Prince [Once Bitten!]

"The government and the corporate environment so desperately want us to centralize so they can they can have total surveillance and they can have...

Listen