ButtercupRoberts on Nostr: Self-custody feels like martial arts belts.🥋 You rise the ranks little by little, ...
Self-custody feels like martial arts belts.🥋
You rise the ranks little by little, but you wouldn’t put on a black belt on the first day because there will be HORRIBLE consequences.
Bitcoin mastery belts:
1. Withdraw from exchanges into a wallet you can easily back up.
2. Use cold storage.
3. Advance to multisig.
Any other “belts” you feel important for #bitcoin hodling mastery?
#asknostr
Multisig is the way imo once you are sufficiently advanced, single points of failure are not ideal
It makes it safer to make backups in traditionally "less secure" methods (ie encrypted cloud backups) because even if someone does find one key, you're still safe
Published at
2024-10-21 17:48:01Event JSON
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