Okay #plebchain I need some ideas
I just learned recently that a friend of mine has a not-insignificant amount of Bitcoin on Coinbase, but we haven’t had time to have the self custody talk (other than a brief exchange of texts this week).
I want him to get those sats somewhere safer. Perhaps in less time than it would take for a beginner-friendly hardware wallet to arrive. I also won’t be available to sit down with him and walk him through setup for at least a couple of weeks.
Options:
- Desktop wallet. Hot, so some risk, and still requires a beginner to dive in and take on a very new responsibility of key management, without time to do it thoughtfully
- Transfer to a different custody service. Obvious counterparty risk, but with customer support and onboarding. And if it’s someone like Casa or Unchained, then there’s the added bonus of early exposure to multi-sig
- Other ideas?
You never know when a centralized exchange will implode and I’d like to spare him from the experience either way…
bostonwine / boston wine
npub14q…e2q26
2023-06-08 17:36:58
Author Public Key
npub14qz92uedt0a8jte8jqg63jr3s5cc99cej36jh883z6tprlu354uqqe2q26Published at
2023-06-08 17:36:58Event JSON
{
"id": "b4e3cd71636df64dd7d877e3165b5133684cf01748b150ba819ddd27e91d7a81",
"pubkey": "a80455732d5bfa792f279011a8c871853182971994752b9cf1169611ff91a578",
"created_at": 1686245818,
"kind": 1,
"tags": [
[
"t",
"plebchain"
]
],
"content": "Okay #plebchain I need some ideas\n\nI just learned recently that a friend of mine has a not-insignificant amount of Bitcoin on Coinbase, but we haven’t had time to have the self custody talk (other than a brief exchange of texts this week).\n\nI want him to get those sats somewhere safer. Perhaps in less time than it would take for a beginner-friendly hardware wallet to arrive. I also won’t be available to sit down with him and walk him through setup for at least a couple of weeks.\n\nOptions:\n\n- Desktop wallet. Hot, so some risk, and still requires a beginner to dive in and take on a very new responsibility of key management, without time to do it thoughtfully\n\n- Transfer to a different custody service. Obvious counterparty risk, but with customer support and onboarding. And if it’s someone like Casa or Unchained, then there’s the added bonus of early exposure to multi-sig\n\n- Other ideas?\n\nYou never know when a centralized exchange will implode and I’d like to spare him from the experience either way…",
"sig": "287c5fac842c52a787a9f4f238fb4d51f22bf0eb11f97b7cf6c6ea0cbda969d86a1e7195a7ed058776562e9f55da7dac947a15542d37084d9747a5653c7f4f43"
}