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k3tan
npub1txwy...yt4x
Bitcoin | Self hosting | FOSS | Aviation | Freedom
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k3tan 2 years ago
Remember kids: Not your keys, not your coins. image
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k3tan 2 years ago
Let's see what happens to this account. Probably nothing, because he supports the current thing. image
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k3tan 2 years ago
Fresh communism delivered direct to my inbox. image
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k3tan 2 years ago
Feeling cute. Might open some lightning channels at 1sat/vbyte.
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k3tan 2 years ago
You may not like it, but this is what peak performance looks like. image
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k3tan 2 years ago
Bitcoin has lived in my mind rent free everyday for over a decade. Wild.
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k3tan 2 years ago
I can't believe how good the game theory of Bitcoin is. Amazes me everyday. The block size The supply cap The difficulty adjustment (absolute genius) The ~10min block intervals The fee market The private/public keys The UTXO set The p2p network The adversarial and anti-fragile nature of it all Just incredible foresight. Never seen anything like it before.
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k3tan 2 years ago
When you realise computers and the internet are tools for freedom, not just entertainment... image
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k3tan 2 years ago
10 things I like about Bitcoin    - Open source - Finite supply - Fair distribution - Decentralised - Sticks to the rules - Seizure resistant - Censorship resistant - No downtime - No leader or central authority - It's global
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k3tan 2 years ago
The road to hell is paved with good intentions. image
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k3tan 2 years ago
DIY MULTISIGNATURE WALLETS FOR SELF CUSTODY There's been a bit of chatter around DIY multisignature wallets using hardware wallets from different vendors. As you dip your toes into it, here are some questions you might want to ask yourself.👇 1. What do I need to back up? What exactly am I backing up here? 2. What do I do if I lose one of the hardware devices? 3. What do I do if one hardware device is compromised? 4. What do I do if a hardware device updates to a new firmware that is no longer compatible with the multisignature software tool I'm using? 5. What do I do if the multisignature software tool I'm using is no longer compatible with a hardware device I'm using? 6. How often do I check my hardware devices to see if they're still functioning? 7. How often do I update the firmware to my hardware devices? Will this break anything? Have I tested post firmware update? 8. Where do I physically store my hardware devices? 9. Where do I store the seeds to the hardware devices? 10. Have I tested recovering my multisignature wallet? 11. Have I tested recovering my multisignature wallet in an alternative software to the multisignature tool I'm currently using? Do I get the same result? 12. Have I tested creating and signing a transaction from my multisignature wallet using all possible combinations? 13. If I need to restore my multisignature wallet, does the order of the devices matter in the software tool I'm using? Have I tested this? 14. Device specific considerations - Would you be comfortable with keeping (for eg) a Trezor One in a location that others have access to? 15. Have I thought about this setup from an inheritance perspective in the event something unforeseen were to happen to me? Side note: some examples of multisignature wallet software tools include electrum, caravan, specter, sparrow and lily. Whilst multisignature wallets add considerable security to your Bitcoin, DIY options right now present opportunities to shoot yourself in the foot if you're not careful. Some of the questions are deeply personal. It takes time and effort to understand the complexities involved. Freedom doesn't come for free.