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

March 23, 2023 00:46:19
Episode Cover

Read_713 - How the Fed "Went Broke" [Lyn Alden]

"The financial system in the United States, and for most of the rest of the world for that matter, can basically be thought of...

Listen

Episode

April 25, 2018 00:22:38
Episode Cover

CryptoQuikRead_056 - Five Myths About Bitcoin’s Energy Use

Bitcoin mining is useless, it unnecessarily pollutes, its worse than credit cards, and its going to boil the oceans!! Are these inspired revelations, or...

Listen

Episode

August 25, 2020 00:47:04
Episode Cover

Read_432 - Discovering Bitcoin #6 - Digital Contracts [Giacomo Zucco]

"In Part 6 of this “Discovering Bitcoin” series, we will build on the idea of using digital puzzles as a way to reproduce scarcity,...

Listen