You’re not a Bitcoiner until you…
Buy Bitcoin.
But then you’re like wait, I need to get these coins off the exchange.
So you get a hardware wallet.
But then you’re like wait, this is a ledger.
So you get a cold card.
But then you’re like wait, it isn’t using a passphrase.
So you use a passphrase.
But then you’re like wait this isn’t multisig and multisig would be better.
So you buy 4 more coldcards and set up a multisig.
But then you’re like wait I can’t just do coldcards I have to guard against supply chain attacks.
So you buy a ledger again and probably a bitbox too.
But then you’re like wait, I haven’t geographically distributed these.
So you disperse them throughout the country.
But then you’re like wait, what about jurisdictional risk?
So you disperse them to multiple countries.
But then you’re like wait, what if I was tracked as I was placing the hardware wallets?
So you…
There’s actually no end.
It just keeps going like that forever.
Congrats you’re a Bitcoiner now lol 😂
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Replies (54)
💯💯💯
There should also be some shitcoining episode in the middle of this journey 😎
OMG! Ugh grrrrrrr, wt... How is an average person going to ever become "bitcoiners"?
I just recently aquired my first physical device, a bitkey. Haven't sat down to set it up yet. So before I do... Could someone orient me... Where does this fit in the whole scheme?
And the. Someone mentioned utxo per utxo or something of that sort... How does that apply and can it be accommodated by one physical device?
All the gentle encouraging support, appreciated. 🙏🏻🌹🕊️🧿
I like the Bitkey! I think it’s a great device to get accustomed to self custody.
A utxo is a chunk of bitcoin locked to an address. The bitkey is a user friendly wallet that allows you to manage the keys to your addresses and unlock any utxos you have in order to send them
Thank you. I haven't doven in yet... But do I understand that just like Sparrow or Blue Wallet separates UTXO and holds them as different wallets, this is also accomplished with bitkey instead of commingling them once they are all transfered over?
Ok good. I like that you say "accustomed" to. Seems important to remember to go in steps and get used to things one at a time.
Great choice with bitkey. You’ll be able to sleep knowing your funds are safe!
Bitkey’s set up is super quick and easy. Takes like 5mins. Simpler than opening a bank account.
You can even buy bitcoin through the app. Doesn’t get much more streamlined
Awesome. That's great to hear. Looking forward to diving in. I am guessing buying through the app though is a kyc procedure?
Yes and no. They have partnerships with Coinbase, Cash App, and soon Robinhood. So you would link your account from one of those exchanges and then buy from the Bitkey app
You can’t see your individual UTXOs in the Bitkey app, so probably best to only have KYC bitcoin there
All utxos are separate chunks of bitcoin, it's just a question of whether the wallet you are using shows you that in the interface or hides it for simplicity.
until you (literally) fully decentralize eventually
ahahaha
Hahaha damn
until u fuck up and end up loosing The keys
A passphrased coldcard is sufficient for 99% of bitcoiners
Exactly these people think they are el chapo lol and need all this security they are unknown nobodies all the Avg person needs is cold storage with a paraphrase.
I actually ran a node before I ever owned any Bitcoin. First Bitcoin I purchased was with cash, to my non-custodial wallet, connected to my own node.
I understood the 6102 risk before I ever touched Bitcoin.
this morning I consolidated utxos
Wait until you hear about the brainless clones that you encode prvkeys into their DNA
Spot on. Maybe ad the phase when you get anxious of randomness.
I find it hilarious that 90% of bitcoiners in their brain think they are fuckin James Bond 007 or el chapo and require cia level security when they are mere mortal law abiding citizens cold storage with a pass phrase takes care of 99% of their threat models. The avg bitcoiner does not need keys spread out in multiple countries lol like let’s be fuckin real here. Nothing wrong with protecting your stack but a lot of shit people do is simply not necessary.
These influencers/ Bitcoin celebs biggest threat model is somebody kidnapping their loved ones and demanding bitcoin. No Cold card or multi sig will protect you from that.
If your not a bitcoin celebrity or “influencer” nobody fuckin knows who you are no one knows you have bitcoin. Unless you open your mouth and feel the need to brag about your stack like an idiot. Cold storage is all you need.
Such is life on the road to utopia 😛
I’m on the path described 🤪. Haven’t reached the end yet.
The more complex the setup, the more chance you'll fuck it up. Not to mention making inheritance planning an absolute nightmare for those that you leave behind
Because of this Abraham let the inheritance for the kids when he was still alive
I am at step 7. I hope to be a Bitcoiner some day, still have a few steps to go 😉
Just because you’re paranoid doesn’t mean they’re not out to get you.
Awe man this was golden. I was dying laughing. No seriously I just had a near death experience laughing at this note.
Spot on.
So incredibly accurate!!!!
This should be a flow chart with numbered levels and included with every Bitcoiner starter pack.
This might also be called a paranoid bitcoiner syndrome.
Been there, done that.
View quoted note →
A simple story of learn by doing
Which reflects a core concept to create value: proof-of-work
👏👏👏
Nothing in life is save, especially wealth 🌞
Literally my Bitcoin way, until the multisig
ahah very true 🤣
You nailed it.
Before buying, research digital privacy and security practices #xmr
They'll learn, eventually.
It is and endless research🧡
And in the end you are back to custodian services as has been the case throughout history. For most self custody is the largest risk.
You just identified my husband! lol
And the guy with #PayPal #bitcoin thinks he’s winning 🥇
View quoted note →
The bitcoiner journey in a nutshell 🥜
Wait you guys are not using your ledger like recommended by ledger?



