In this episode, we compare common hardware wallets with SeedSigner, a DIY bitcoin hardware wallet. We explore the reasons behind building SeedSigner, the process of securely generating seeds, and the considerations for holding a private key on hot devices like an iPhone or cold devices like a Trezor, Ledger, or Coldcard. We also discuss the evolution of bitcoin custody over the last decade, the risks associated with using common hardware like Raspberry Pi, and the advantages of multisig versus singlesig setups.

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TIMESTAMPS:

00:00:00 Intro

00:01:25 What is SeedSigner?

00:02:05 Why build SeedSigner?

00:05:44 Holding a private key on an iPhone?

00:06:33 Building a SeedSigner device

00:08:16 Why call it a “signing device?”

00:10:45 Generating seeds securely

00:12:33 Good security vs extreme paranoia

00:17:05 How has bitcoin custody evolved over the last 10 years?

00:25:42 How to securely buy hardware?

00:30:45 Are there risks to using a raspberry pi for bitcoin private keys?

00:32:58 Multisig vs singlesig

00:39:10 DIY multisig vs collaborative custody multisig

00:40:53 Using different hardware devices for different seeds

00:44:54 Future of bitcoin custody in 10-20 years

00:50:00 New SeedSigner features?

00:52:41 New to multisig and using SeedSigner?

00:56:30 Closing thoughts

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