t on nostr

You can multi-sig just fine by yourself :) There are a number of wallets that make this quite easy now. I started as an investor 9 years ago and now have lived fully on the Bitcoin standard for 3 ye...

tee @t 1782761495

Losing my money because of keyloss, theft, or just weird tech/unforeseen things..

How much work (or cost) is UTXO management for someone who wants to put in as little work as possible?

What other things must I consider to avoid loss of funds, or large losses of funds?

shadowbip · 1w

consolidating utxos when fees are sub-10 sats is the only work needed. coldcard is the floor. multisig for large amounts. use phoenix for mobile. physical seed backups only. test the restore.

Sattrio · 1w

Everybody's needs and setup is going to be a little bit different, but following a few guidelines will have you safe. - Multisig is good. Use it. - Passphrase is good. Use it. - Use a trusted hardware wallet (Coldcard is good, Ledger is very bad). World-class cryptographers and engineers have ...

Sattrio · 1w

As for worrying if the tech will go out of date, not a problem. All devices adhere to the Bitcoin protocol and are completely interchangeable. Given the right keys, you could restore the wallets of Satoshi Nakamoto on today's hardward with no problem.