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 13, 2024 00:50:54
Episode Cover

Read_853 - Bitcoin Appeals to the Old System's Deepest Flaw

"How could any financial system avoid being captured by those who already hold the most power and wealth? Won’t it just lead to the...

Listen

Episode

September 12, 2019 00:38:09
Episode Cover

CryptoQuikRead_293 - A Most Peaceful Revolution [Nic Carter]

Today we read a veritable Bitcoin Manifesto on a fundamental truth of Bitcoin's nature, the challenge it proposes to the state, the atrocities it...

Listen

Episode

January 13, 2023 01:15:09
Episode Cover

Read_691 - A Native Protocol for Social Media [Jack Dorsey]

The problem today is that we have companies who own both the protocol and discovery of content. Which ultimately puts one person in charge...

Listen