We held an impromptu Twitter spaces on Proof of Keys day to discuss Bitcoin self custody. I was joined by guests including Justine Harper, Jameson Lopp, Dee, Craig Raw, Lazy Ninja and Rijndael among others, to discuss all things Bitcoin self custody - from noob to self custody guru!
00:07:46 Most common ways to lose coins00:19:01 Passphrases00:27:30 Leaving coins on exchanges00:34:51 Metal backups00:40:21 Wallet recovery00:44:01 Singe sig roundup00:44:45 Seed XOR00:48:14 Multisig overview00:51:34 Multisig solutions00:57:28 Unchained capital collaborative multisig01:00:56 Casa collaborative multisig01:04:55 Nunchuk multisig01:09:27 Summary of self custody solutions01:17:12 Security01:18:34 Can SHA256 be broken?01:22:53 Entropy and secure key generation01:29:30 Air gapping and secure software/hardware01:36:59 Binaries01:38:24 Hardware random number generators01:46:00 Quantum computer risk01:46:48 Multisig grifting attacks01:49:13 All signing devices are not made equal01:51:34 Rolling dice for entropy01:52:18 Correctly adding entropy to key generation01:54:15 Important features of hardware wallets01:56:06 "Strength in numbers" in Bitcoin security01:59:06 Different approaches to signing device security02:00:34 True versus concatenated random number generators02:04:00 Summary of complexities and theoretical risks in wallet generation02:05:32 USB VS SD02:11:00 Non secure chip attack vectors02:12:40 Firmware attack vectors02:15:38 Multichip approach to hardware security02:16:18 Relevancy of weighting of dice for creating entropyWebsite: https://bitcoin.review/PodcastTwitter: https://twitter.com/bitcoinreviewhqNVK Twitter: https://twitter.com/nvkTelegram: https://t.me/BitcoinReviewPodNostr & LN:⚡[email protected] (not an email!) Full show notes: https://bitcoin.review/podcast/episode-19/