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 29, 2024 01:34:46
Episode Cover

Guy's Take_089 - Trump Speaks at Bitcoin2024

Is Trump's speech at Bitcoin 2024 a sign of genuine support or just typical political pandering? Today we explore the implications of politicians courting...

Listen

Episode

October 06, 2020 00:43:55
Episode Cover

Read_447 - Bitcoin Isn't Slow, Its Highly Secure [Vlad Costea]

"So the next time somebody says that “shitcoin X” is faster than Bitcoin or claims that Bitcoin is slow, show them the criteria that...

Listen

Episode

July 13, 2018 00:26:13
Episode Cover

CryptoQuikRead_111 - Genesis Files - With Bit Gold, Nick Szabo Was Inches From BTC [Aaron Van Wirdum]

The 4th in the excellent Genesis Files Series from Aaron Van Wirdum (@AaronvanW) and Bitcoin Magazine (@BitcoinMagazine). Today we read about BitGold and How...

Listen