Bitcoin is the first-ever digital bearer asset, and having access to a wallet's private keys signifies ownership of the Bitcoin in the wallet. Storing bitcoin in an exchange or with a custodian may give you the illusion of ownership, but it is only an IOU from the custodian who owns the underlying asset.
Anyone who cares about security and ownership should understand hardware wallets and how they give actual ownership and secure your Bitcoin.
Published a blog post - An Overview of Hardware Wallets!
This blog post introduces hardware wallets, provides an overview of the various types of wallets, and outlines best practices for transacting with hardware wallets.
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106 sats \ 0 replies \ @Fabs 2 May
You left "Anyone who cares about security and ownership should understand hardware wallets and how they give actual ownership and secure your Bitcoin." out.
  • How does it enable true ownership?
  • What makes it secure, how?
  • What are the standards that allow the wallet to be restored by virtually any other big name manufacturer?
  • Why Mnemonic? What's that? Pro's?
  • HD-wallets (the actual wallet), big one: how does it work, how are things generated and why?
  • What part plays entropy and bit-length in the security of the following Mnemonic?
That's off the top of my head...
I don't wanna be rude, really, but it's what makes you move forward; I've been "helped" like this numerous times, too.
Moreover, 20k sats for a shallow write-up? Someone had a good day.
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Nice one, I see that you laundered 20k sats through this post. Seems that you read my guides, about how to launder sats over SN 👍👍👍
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Right again!
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Do all of them have display to see what is being signed?
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0 sats \ 1 reply \ @Jer 2 May
I would really like to normalize the term “signing device” vs. hardware wallet.
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Agreed
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Nice one
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