All In Bitcoin

018 Bitcoin HORROR Stories With BTCsessions: Mistakes That Cost Everything - All In Bitcoin With CK

14 snips
Oct 15, 2025
Guest
Ben Perrin (BTCsessions)
In this conversation, Ben Perrin, known as BTCsessions, shares cautionary tales from the Bitcoin space, touching on catastrophic mistakes like lost life savings, cold storage fails, and the emotional impact of burnout. He emphasizes the importance of strong OPSEC, revealing common pitfalls in multisig setups and privacy strategies. Ben also discusses the dangers of procrastination when it comes to self-custody and shares practical tips for personal safety and avoiding scams. His insights serve as a wake-up call for anyone serious about Bitcoin security.
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ADVICE

Build A Bitcoin-Centric Local Economy

  • Live on Bitcoin as much as possible to reduce reliance on fragile on/off ramps.
  • Build local community relationships so you can trade goods and services without centralized permission.
ADVICE

Use Password Managers And Multi-Sig

  • Use a password manager and avoid password reuse; consider self-hosting solutions like Bitwarden.
  • Prefer a distributed multi-sig for life savings to avoid single-key failures and coercion risk.
ADVICE

Choose Custody For Physical Threat Models

  • Consider threat models like physical coercion when choosing custody solutions and geographic distribution.
  • Use multi-sig to buy time against coercion because adversaries must access multiple geographically separated keys.
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