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142 sats \ 6 replies \ @MorgenRochard OP 28 Apr \ parent \ on: Hi! I'm Morgen Rochard, I am a bitcoin financial planner, AMA AMA
Storing bitcoin securely is a significant challenge for most people. One of the worst-case scenarios is buying bitcoin, watching its value grow, and then losing it due to user error. Many aspects of the traditional financial system—such as wiring funds, choosing a bank, writing checks, or using services like Zelle—are already intimidating for the average person. The concept of self-custody feels even more foreign, leading many to avoid it altogether. I believe this is an area that will see major improvements over time, ultimately becoming far more accessible and user-friendly.
I agree with you that the learning curve for bitcoin self custody can be intimidating.
Two weeks ago I published a book that aims to make the process of learning and practicing how to do self custody easier, and less anxiety-provoking:
Bitcoin, Hands On! 28 “learn-by-doing” exercises to master the basics of managing your own Bitcoin, including wallets, transactions, and self custody
https://www.amazon.com/dp/B0F4SZSCH8
I wrote the book because self custody with bitcoin can be very challenging. The combination of unfamiliar software and technology--along with the knowledge that a mistake could cause you to lose your nest egg--often leads to either analysis paralysis, or the decision to keep bitcoin on an exchange or an ETF.
I'd be happy to send a free copy - contact me at feedback@BitcoinHandsOn.com
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marking "verify the software" as extra credit is not cool
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Thanks for the feedback, and thanks for actually looking at the book!
I thought about making it an actual exercise instead of "extra credit", but doing all these exercises is a big ask for almost everybody that's not already deep into bitcoin/tech. I want to make this accessible. People struggle and get confused even on far simpler steps.
I should probably consider mentioning the "verify the software" step in the last section, when I talk about making a more permanent wallet (the one they work on in the book is meant as a temporary practice wallet, with small amounts).
Please let me know if you have more comments!
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Is this why so many are willing to pay large premiums to own stock in companies that buy bitcoin?
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Partly. I think people mostly buy these companies so they can try to outperform bitcoin. I do think it is why a lot of folks have gravitated to the bitcoin ETFs.
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are you as befuddled as Matt Levine about the price/valuation difference between real bitcoin and financialized Saylor/Mallers bitcoin? #957321
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