This is your Self-Custody Wake-Up call | AARON CHEN

A Self-Custody Maximalist recommends: Don't keep anything on Exchange, you will lose it eventually! Subscribe to get the Daily Bitcoin Podcast show updates: youtube.com/robinseyr?sub_confirmation=1 Where to store your Bitcoin? I personally use a BitBox! - Get a 5% Discount with code "ROBIN" - & visit: https://robinbtc.link/bitbox Ever visited the best Bitcoin-only conference? Come join me at BTC Prague! - Get a 10% discount with code "ROBIN" - & visit: ⁠https://robinbtc.link/Prague Where to buy Bitcoin? I personally use 21bitcoin! - Save fees with my code "ROBIN" - & visit: ⁠https://robinbtc.link/21bitcoin Best place to back-up your seed-phrase: - Get a 10% discount with code "Robin" - & visit: https://robinbtc.link/xellox Guest's contact: https://twitter.com/aaron1sme Summary Aaron Chen, the CTO of Keystone Wallet, shares the motivation behind starting the company and the importance of self-custody. He believes that self-custody is crucial because it allows individuals to truly own their Bitcoin and have control over their funds. He recommends using a hardware wallet for self-custody, especially for those with a significant amount of Bitcoin. Aaron explains that a hardware wallet securely stores private keys and allows users to securely sign transactions. He also highlights the importance of secure elements in hardware wallets to prevent physical attacks and reduce the attack surface for private keys. The Keystone hardware wallet is designed to provide a secure and user-friendly self-custody solution for cryptocurrencies. It uses a touch screen display and QR code data transmission to enhance user experience and reduce vulnerabilities. The Keystone 3 is built from scratch, with a focus on security and simplicity. The trade-off made was to remove the Android system and use a general-purpose microcontroller to run the firmware. The Lightning Network and the intersection of AI and blockchain are areas of interest for the guest. While Bitcoin is the primary focus, the guest acknowledges the value and innovation in other cryptocurrencies. Takeaways Self-custody is important because it allows individuals to truly own and have control over their Bitcoin. Using a hardware wallet is recommended for self-custody, especially for those with a significant amount of Bitcoin. Hardware wallets securely store private keys and allow users to securely sign transactions. Secure elements in hardware wallets prevent physical attacks and reduce the attack surface for private keys. The Keystone hardware wallet offers a secure and user-friendly self-custody solution. The Keystone 3 is designed with a touch screen display and QR code data transmission. The trade-off made was to remove the Android system and use a general-purpose microcontroller. The guest is interested in the Lightning Network and the intersection of AI and blockchain. While Bitcoin is the primary focus, the guest acknowledges the value and innovation in other cryptocurrencies. Chapters 00:00 The Motivation Behind Keystone Wallet and Self-Custody 08:53 Why Self-Custody is Important: Not Your Keys, Not Your Coins 12:59 Choosing the Right Hardware Wallet for Your Bitcoin Holdings 30:23 Introduction to Keystone and Hardware Wallet Design 31:32 The Use of QR Codes in Data Transmission 32:01 Trade-Offs in Hardware Wallet Design 33:27 Balancing Convenience and Security 36:25 The Challenges of Using the Android System 43:36 The Importance of Educating People about Bitcoin