One of the many paradigm shifts that comes with Bitcoin is accepting the risk of being your own bank. In rather a nonchalant fashion I took this responsibility on - coldcard, sparrow referencing my node. Thought that was pretty good. However… another epoch : another assessment of your security and risk model.
I have just recently felt the weight of this more fully. This is the first epoch I will have been fully apart of, as such a dawning realisation that net worth is going to change ( potentially drastically for some )
Thoughts such as:
- if I died tomorrow , no one could access my btc. (What a wonderful feature of this technology! … but what if I want it to be accessible to family etc. )
- How do I remove single point of failures
- If a earthquake/tsunami type event was to happen, what redundancies for your private keys are in place
- Severe injury helping you forget your setup/process
I reckon keys will come under attack more as we go along and falling into complacency over how easy it is to look after your private keys will cost.
By under attack beyond the classic (and not to be scoffed at) Government , natural disasters destroying signing devices , opportunistic individuals. I am meaning mishandling of your keys due to negligence- not practicing using your hww, not knowing how to restore your wallets.
Every first quarter of the following epoch will be a perfect time to reassess your security/redundancy/futureproof/ planning - before even the bull run. A separate multi-sig partner that could be deemed expensive may just become pretty cheap.
Not your keys , not your coins.
Much love plebs.
Answer to first question.
Answer to second question.
Answer to third question.
Answer to fourth question.