Podcast Notes Key Takeaways

• Bitcoin is a sovereign way to store wealth and the most scarce asset available 
• Most important thing about owning Bitcoin: Secure your private keys
  • Good starting points: mobile-phone wallets (like Blockstream Green or Dropbit)
  • Upgrade: HW wallets to securely store your private keys even if your computer is hacked (Ledger, Trezor, and Coldcard are popular choices)
• Every wallet gives you a 12-word seed phrase as a backup, keep them safe and always store them offline
• Bitcoin payments are irreversible, always double-check receiver address
• Buying and Spending Bitcoin depend on where you are
  • For Buying:Kraken and CashApp are popular choices, Bull Bitcoin is popular in Canada, Bisq and hodlhodl are geared towards privacy
  • For Spending: Websites like Bitrefill and Fold allow you to buy gift cards and use them at various stores. Additionally, Fold and Lolli offer Satsback reward program
• If you are a merchant, BTCPayServer and Open Node let you accept bitcoin payments from anywhere in the world
• Bitcoin is NOT anonymous, it’s pseudonymous; If your receiving addresses can be tied to your name, your payments can be tracked
  • Using CoinJoin services (like Wasabi) makes it harder to track your transactions
• Running a Full node is essential to using bitcoin privately and with zero trust

Read the full notes @ podcastnotes.org



Subscribe to the What Bitcoin Did Podcast

Location: New York
Date: Monday, 23rd December
Project: Tales from the Crypt & Rabbit Hole Recap
Role: Co-host

The Bitcoin space moves fast, and 2019 has been no different. Starting the year at the bottom of a harsh bear market after hitting a low of $3,100, Bitcoin began 2019 trading close to $3600. While the price spiked at around $14,000, it has settled in the $7-8k range, representing an approximate 100% rise in price. Also, despite the volatility, the hashrate has reached an all-time high.

Bitcoin has been featured widely in the media, and everyone from NFL player Russell Okung to Donald Trump and even President Xi have spoken about it. The Lightning Network has grown from strength to strength with Bitfinex now accepting Lightning deposits and the Tor Project accepting Lightning donations.

The SEC is still yet to approve a Bitcoin ETF with Bitwise' proposal the latest to be rejected. Jack Dorsey launched Square Crypto, and Facebook made plans to launch a 'cryptocurrency' called Libra.

With exchanges, Cryptopia was hacked and subsequently shut down, and QuadrigaCX suffered the same fate following the suspicious and shock death of its CEO Gerald Cotten.

So 2019 has been a busy year in Bitcoin and my final interview of the year is with Matt Odell, co-host of the Tales from the Crypt and Rabbit Hole Recap. We take a look back at 2019, discussing Bitcoin only businesses, the most important projects and our predictions for 2020.

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