Read_832 - Protect Your Bitcoin From $5 Wrench Attacks

July 06, 2024 00:44:27
Read_832 - Protect Your Bitcoin From $5 Wrench Attacks
Bitcoin Audible
Read_832 - Protect Your Bitcoin From $5 Wrench Attacks

Jul 06 2024 | 00:44:27

/

Hosted By

Guy Swann

Show Notes

"Whatever your setup is for storing the majority of your bitcoin - be it hot or cold, online or offline, software or hardware - if you can access and spend it in a matter of minutes, so can a robber armed with a $5 wrench. The _price_ for convenience is risk**. This is not merely a theoretical scenario; I have cataloged over 50 physical attacks against bitcoin users, including myself!" ~ Jameson Lopp

How can you protect your Bitcoin from physical attacks and ensure its safety in a world where even a $5 wrench can be a threat? In this episode, we start our way into Jameson Lopp's comprehensive guide on safeguarding your Bitcoin from coercion, exploring practical strategies and multi-layered security measures. Discover why privacy, multi-sig setups, and geographic separation of keys are crucial in the fight against physical threats to your crypto assets.

Check out the original article at:

Links to check out: 


Host Links

Check out our awesome sponsors!

“The supreme art of war is to subdue the enemy without fighting.” ~ Sun Tzu, The Art of War

Other Episodes

Episode

October 28, 2019 00:43:26
Episode Cover

CryptoQuikRead_313 - Who Secures Bitcoin? [John Carvalho]

Is it the miners? The developers? The nodes? Who really defines Bitcoin, who establishes the rules that make it immutable, secures it against unwanted...

Listen

Episode

December 17, 2020 01:56:31
Episode Cover

Read_474 - The Fraying of the Petrodollar System - Part 2 [Lyn Alden]

"As a decentralized and open source project, adopted by many programmers and proponents around the world, many intelligent people have dedicated their careers to...

Listen

Episode

May 30, 2024 00:58:46
Episode Cover

Guy's Take_086 - Fiat Waste

People look around and they see a wasteful world. They see endless, mindless consumption. Increasingly, we see people fearing the future rather than hoping...

Listen