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

November 07, 2018 00:11:24
Episode Cover

GuysTake_004 - The First Long Read & Coming Reading List

Another short update episode releasing the very first long read in full! Visit the website to listen, download, or read Szabo's Shelling Out! Plus...

Listen

Episode

February 02, 2024 01:22:32
Episode Cover

Ai_014 - A Million New Devs with Hope TS

"I think AI can make a lot of things better, and if you put them together, if you are aware of the resources at...

Listen

Episode

October 11, 2023 00:53:15
Episode Cover

Read_770 - The Big Deal with BitVM

"It requires no consensus changes to Bitcoin at all. The trick is lifting all of that logic off-chain and being able to challenge a...

Listen