Are hardware wallets really secure enough? Is the complexity of the setup and execution part of the risk model? What are the most likely ways that you will lose your bitcoin? What is the best way to store your mnemonic seed and passphrase?
If you want to see more about key management practices, check out this playlist: https://www.youtube.com/playlist?list=PLPQwGV1aLnTtAmzmz6uVE0kTKXtaGX1zY
More on Trace Mayer's monetary sovereignty initiative: https://www.proofofkeys.com/
CORRECTION: At 9:13, I referred to paper as "Stone Age technology." While I was trying to convey the simplicity of the tool with such a phrase, this is not historically accurate as paper-making is not generally thought to have begun until thousands of years after the Stone Age.
Chapters
0:00 What is the gold standard for storing crypto, for non-technical people? Is a hardware wallet good enough? If my crypto has been on my hardware wallet for a year, is it more or less likely to be hacked over time?
1:50 There is no gold standard that applies for everyone
5:00 What can you do that is practical?
9:35 Pushing people to overextend their technical skill
10:42 We have an intermediate level that people can use
This question is from the January monthly subscriber session, which took place on January 26th 2019. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
RELATED:
How do I choose a wallet? - https://youtu.be/tN6b62sEpsY
Secure, tiered storage system - https://youtu.be/uYIVuZgN95M
Hardware wallets and attack surface - https://youtu.be/8mpDcBfNA7g
Setting up secure storage devices - https://youtu.be/wZ9LxLLvfXc
What is a private key? - https://youtu.be/xxfUpIV9wRI
How do mneomonic seeds work? - https://youtu.be/wWCIQFNf_8g
Using paper wallets - https://youtu.be/cKehFazo8Pw
Wallet design and mass adoption - https://youtu.be/WbZX6BDZJHc
Cryptographic primitives - https://youtu.be/RIckQ6RBt5E
Public keys vs. addresses - https://youtu.be/8es3qQWkEiU
Re-using addresses - https://youtu.be/4A3urPFkx8g
Passphrases and seed storage - https://youtu.be/jP7pEgBpaO0
Coin selection and privacy - https://youtu.be/3Ck683CQGAQ
Multi-signature and distributed storage - https://youtu.be/cAP2u6w_1-k
Nonces, mining, and quantum computing - https://youtu.be/d4xXJh677J0
Is quantum computing a threat? - https://youtu.be/wlzJyp3Qm7s
Spam transactions and Child Pays For Parent - https://youtu.be/t3c0E4fkSNs
Orphan blocks and stuck transactions - https://youtu.be/MsdW0CTYwyY
Miners, pools, and consensus - https://youtu.be/JHz7LM4ncLw
Software distribution security - https://youtu.be/_V0vqy046YM
Protocol development security - https://youtu.be/4fsL5XWsTJ4
Geopolitics and state-sponsored attacks - https://youtu.be/htxPRTJLK-k
Sanctions and censorship resistance - https://youtu.be/DeXe5eGRl7E
How to get people to care about security - https://youtu.be/Ji1lS9NMz1E
Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg
Why running a node is important - https://youtu.be/oX0Yrv-6jVs
Wallets, nodes, and monetary sovereignty - https://youtu.be/8Hb3tUn8s4E
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!
Would you like to help me translate these videos into other languages? Follow this link for instructions on subtitling: https://antonopoulos.com/video-translation-subtitle-initiative/
MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9
Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/
THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ
Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang
MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK
Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Join the aantonop Channel: https://aantonop.io/joinaantonopyt
If you want to see more about key management practices, check out this playlist: https://www.youtube.com/playlist?list=PLPQwGV1aLnTtAmzmz6uVE0kTKXtaGX1zY
More on Trace Mayer's monetary sovereignty initiative: https://www.proofofkeys.com/
CORRECTION: At 9:13, I referred to paper as "Stone Age technology." While I was trying to convey the simplicity of the tool with such a phrase, this is not historically accurate as paper-making is not generally thought to have begun until thousands of years after the Stone Age.
Chapters
0:00 What is the gold standard for storing crypto, for non-technical people? Is a hardware wallet good enough? If my crypto has been on my hardware wallet for a year, is it more or less likely to be hacked over time?
1:50 There is no gold standard that applies for everyone
5:00 What can you do that is practical?
9:35 Pushing people to overextend their technical skill
10:42 We have an intermediate level that people can use
This question is from the January monthly subscriber session, which took place on January 26th 2019. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
RELATED:
How do I choose a wallet? - https://youtu.be/tN6b62sEpsY
Secure, tiered storage system - https://youtu.be/uYIVuZgN95M
Hardware wallets and attack surface - https://youtu.be/8mpDcBfNA7g
Setting up secure storage devices - https://youtu.be/wZ9LxLLvfXc
What is a private key? - https://youtu.be/xxfUpIV9wRI
How do mneomonic seeds work? - https://youtu.be/wWCIQFNf_8g
Using paper wallets - https://youtu.be/cKehFazo8Pw
Wallet design and mass adoption - https://youtu.be/WbZX6BDZJHc
Cryptographic primitives - https://youtu.be/RIckQ6RBt5E
Public keys vs. addresses - https://youtu.be/8es3qQWkEiU
Re-using addresses - https://youtu.be/4A3urPFkx8g
Passphrases and seed storage - https://youtu.be/jP7pEgBpaO0
Coin selection and privacy - https://youtu.be/3Ck683CQGAQ
Multi-signature and distributed storage - https://youtu.be/cAP2u6w_1-k
Nonces, mining, and quantum computing - https://youtu.be/d4xXJh677J0
Is quantum computing a threat? - https://youtu.be/wlzJyp3Qm7s
Spam transactions and Child Pays For Parent - https://youtu.be/t3c0E4fkSNs
Orphan blocks and stuck transactions - https://youtu.be/MsdW0CTYwyY
Miners, pools, and consensus - https://youtu.be/JHz7LM4ncLw
Software distribution security - https://youtu.be/_V0vqy046YM
Protocol development security - https://youtu.be/4fsL5XWsTJ4
Geopolitics and state-sponsored attacks - https://youtu.be/htxPRTJLK-k
Sanctions and censorship resistance - https://youtu.be/DeXe5eGRl7E
How to get people to care about security - https://youtu.be/Ji1lS9NMz1E
Honest nodes and consensus - https://youtu.be/KAhY2ymI-tg
Why running a node is important - https://youtu.be/oX0Yrv-6jVs
Wallets, nodes, and monetary sovereignty - https://youtu.be/8Hb3tUn8s4E
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.
Follow on Twitter: @aantonop https://twitter.com/aantonop
Website: https://antonopoulos.com/
He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!
Would you like to help me translate these videos into other languages? Follow this link for instructions on subtitling: https://antonopoulos.com/video-translation-subtitle-initiative/
MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9
Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations-of-mastering-bitcoin/
THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs
THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ
Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-largent-Andreas-M-Antonopoulos/dp/2856083390
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomika-i-biznes/korporativnye-finansy-bankovskoe-delo/internet-deneg
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang
MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK
Music: "Unbounded" by Orfan (https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Join the aantonop Channel: https://aantonop.io/joinaantonopyt
