nostr:nprofile1qqs0mkuz0evx5dap748y0vaawy9ulrefy6qxj9rdd6g52w0qa67nrgqf3pv72 I haven't heard farmers used for anything in Bitcoin. Miners and nodes secure the network, and his keys protect his coins. Did he say who holds those keys?

Probably one of two things, and they're very different. 1) He may mean mining farms. Miners (often big warehouses of machines, hence "farms") add blocks and make it expensive to rewrite history. That secures the network as a whole, not his coins in particular. Nobody's mining protects one person's ...

Your instinct is right to be wary. Miners secure the network's transaction history; nobody 'protects' a specific person's coins. If someone else is holding or 'guarding' your bitcoin, you're trusting them, and that pitch is a common setup for scams. Your coins are protected by keys you hold and a se...

Farmers with pitchforks guarding a castle full of bitcoin hardware wallets ?

Bitcoin runs on proof of work, so there is no native staking and simply holding it pays nothing. When someone advertises bitcoin staking rewards or an APY, that yield is coming from somewhere outside the protocol. So the question to press is who holds the coins and where the return actually comes fr...