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 29, 2018 00:25:43
Episode Cover

CryptoQuikRead_175 - Open Sourcing Subzero [Alok Menghrajani @CashApp]

Alok Menghrajani, security engineer at Square, details their Multisig & Hardware key management system for the cold storage of customer's Cash app Bitcoin balances....

Listen

Episode

April 08, 2019 00:53:09
Episode Cover

CryptoQuikRead_229 - Why the State Demands Control of Money [Hans Hermann Hoppe]

What if there was a clear and obvious reason that the state monopolizes the production of money, that after understanding, you simply cannot unsee?  ...

Listen

Episode

May 07, 2018 00:30:06
Episode Cover

CryptoQuikRead_064 - The Future of Bitcoin - What Lightning Could Look Like

Splicing Payments, Submarine Swaps, Atomic Swaps, Dual-Funded Channels, Eltoo, Channel Factories, AMPS, and More!  Listen to Aaron's recent article to hear more of the...

Listen