Coin Stories
NVK on Stolen Bitcoin Keys, Privacy, Coin Mixers and Seed Phrase Tips
Nov 18, 2023
NVK, co-founder of Coinkite and builder of Bitcoin security hardware, talks about stolen Bitcoin keys, privacy, coin mixers, and seed phrase tips. They discuss the risks of compromised seed phrases using password managers, the importance of self-custody and secure storage methods for seed phrases. They explore privacy tools and coin mixers, and discuss the features of the Cold Card queue, a new version of a hardware wallet. They also touch on Satslink, a device for Bitcoin coordination and the importance of privacy and self-custody in Bitcoin.
14:45
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Quick takeaways
- Secure seed storage is crucial for Bitcoin; hardware wallets like ColdCard offer more protection than computers or password managers.
- Privacy in Bitcoin transactions is important, but regulatory challenges exist around the use of coin mixers.
Deep dives
Importance of Self Custody and Secure Seed Storage
The podcast emphasized the importance of self custody and secure seed storage for Bitcoin. It highlighted the risks associated with storing seed phrases on computers or password managers, as they are susceptible to hacking and data loss. Hardware wallets, such as the ColdCard, were recommended for secure storage. Storing seed phrases on metal plates and keeping them in a safe was also suggested as a secure option.
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