Dark on Nostr: Being your own bank is a bit of work. Added a couple Cold Cards to the mix. Task ...
Being your own bank is a bit of work. Added a couple Cold Cards to the mix. Task list:
- update firmware on new signing devices
- clone signing devices
- export watch only credentials to mobile app for new address set
- import new wallet to desktop app for monitoring and transactions
- backup new seed phrases on laminated paper copies and steel plates with a punch
- vacuum seal seed backups and steel plates against the elements
- remove seed backups to offsite locations
- encrypt and save wallet recovery files
- check Mempool
- move UTXO’s from old wallets to new addresses to distribute evenly across all devices and ditch Ledger FOREVER
- consolidate UTXO’s on all address sets in preparation for higher fees
I can’t believe that we still have the luxury of doing on-chain consolidation so inexpensively. Our kids won’t believe we once did this in the future.
Ten years from now, block space is going to be like Manhattan real estate.
Act accordingly. Withdraw your sats to cold storage and consolidate your bitties. 🤙🏽
Published at
2024-12-22 06:39:20Event JSON
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"content": "Being your own bank is a bit of work. Added a couple Cold Cards to the mix. Task list:\n- update firmware on new signing devices \n- clone signing devices\n- export watch only credentials to mobile app for new address set\n- import new wallet to desktop app for monitoring and transactions\n- backup new seed phrases on laminated paper copies and steel plates with a punch\n- vacuum seal seed backups and steel plates against the elements \n- remove seed backups to offsite locations \n- encrypt and save wallet recovery files\n- check Mempool\n- move UTXO’s from old wallets to new addresses to distribute evenly across all devices and ditch Ledger FOREVER\n- consolidate UTXO’s on all address sets in preparation for higher fees\n\nI can’t believe that we still have the luxury of doing on-chain consolidation so inexpensively. Our kids won’t believe we once did this in the future. \n\nTen years from now, block space is going to be like Manhattan real estate.\n\nAct accordingly. Withdraw your sats to cold storage and consolidate your bitties. 🤙🏽 https://image.nostr.build/81de47cdc2d08aa879cbbb6c05ffde46af2208900ea51544b5496d701de99421.jpg ",
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