BTC030: Bitcoin Security and Self Custody w/ Nick Neuman (Bitcoin Podcast)
We Study Billionaires - The Investor’s Podcast Network
Bitcoin Private Key Security
- A private key is like a house key, but brute-forcing it is computationally infeasible.
- The 24-word mnemonic phrase is a human-readable form of the private key, making it easier to store and back up.
- Use the mnemonic phrase to recover access to your funds if your software or hardware fails.
- Self-custodying Bitcoin usually involves a seed phrase for backup, though its effectiveness can be debated.
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