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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 😂

Replies (72)

The problem, in my opinion, is that most people stop at or before ‘So you use a passphrase’ which leaves them vulnerable to the most likely SPOF scenarios. That’s why we do it the other way around, start with collaborative multisig. If they want to learn more and be fully self sovereign later then go for it! But at least your bitcoin is more likely to be secure in the phase prefacing that then when you start all the way at the top of your list.
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Lol. Yeah, my next step would he the "how do I put keys in other countries" stage. Really related to the Ledger bit. My first was a Ledger, then Trezor, CCmk3, CCmk4, Seedsigner, Passport... Multi-vendor distributed multisig is the way.
The thing you are forgetting is the lindy effect of your hardware device. The longer you have a hardware device, the less likely it could be compromised and you could lost your funds. If you decide to change wallets, you have a risk that your new device is compromised or a technical risk that you fuck something up. Also,never send all your funds at once on a new wallet. You need to send the funds gradually over multiple months or even years. And OBVISOULY UTXO PER UTXO. NEVer mix your utxos
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This is the best Bitcoiner evolution description. Re supply chain and Coldcard… if you buy them as separate batches the supply chain risk goes away, however, it is known where all your devices came from. I think Coldcard deletes user purchase data after 90 or so.
And before, when using fiat, you where like: ”I trust the banks and governments to keep my wealth safe.” And behind your back they took that money, lent to others, keeping only a minimal to be paid back while investing in risky, dirty business and war.
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 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.