How to STORE BITCOIN | Explained by Saifedean Ammous

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This is a snippet of a recent The Bitcoin Standard Podcast with regular Seminar attendees of the saifedean.com Website.
Watch the full episode here: • 95. Q&A: is money debt...
Saifedean’s first book, The Bitcoin Standard:
saifedean.com/t...
Saifedean’s second book, The Fiat Standard:
saifedean.com/t...
Enjoyed this episode? You can take part in podcast seminars, access Saifedean’s courses and read chapters of his forthcoming books by becoming a Saifedean.com member. Find out more here:
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Опубликовано:

30 сен 2024

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Комментарии : 17

@myaiumba Год назад

If I was new which I’m not, that would have went right over my head.

@paralyzdtheory 2 года назад

What would your advice be for the really technically incompetent old people that want bitcoin exposure. I've noticed after around 70, its literally impossible for these people to navigate through basic software.

@AndrewBigwood101 2 года назад

I think you raise a very interesting point Noah, I'm 60 and just weeks ago invested in bitcoin for the first time. I'd been intrigued for a decade, and it was Saifedean's talk with Jordan Peterson that turned the key for me. Id prefer to let Saifedean advise you on the best exchange to use.

@AndrewBigwood101 2 года назад

I'm in the UK and use SwissBorg exchange. I bought a Ledger Nano S hardware wallet which had good reviews for my purposes. Whilst I followed all the setup correctly, what I didn't realise was the time frame it can take for currency to transfer from exchange to wallet. Whether this is Internet connection based or something else, I'm not sure. I just thought it was a point worth raising. Thanks for your work Saifedean, you've given me fresh life.

@johnnymidas5879 2 года назад

AHHH,.. I WAS JUST WATCHING YOU WITH NATALIE BRUNELL.WHEN THIS POPPED UP.😃👍🔥🚀

@akash_goel Месяц назад

I have to say this - this is the best intro music to any podcast in the world (better than JRE).

2 года назад

Very well, I was explaining this argument that you still need to protect the exchange account which is same as protecting private key for a while. Happy to see people with larger audience explaining it too!

@Stone881 2 года назад

Never ever use a generated private key, always create your own key. Using a pre generated key is the single best way to have your bitcoin stolen. Ask me how I know !

@fete82 2 года назад

Any thoughts on the importance or significance of adding the optional BIP39 passphrase?

2 года назад

If you add it you increase the likelihood of losing coins due to human error but decrease the likelihood of other person successfully stealing from you. If you're smart about it you can even set it up to resist torture. A good way of mitigating the risk of error is writing down the passphrase and storing at a different location, possibly twice.

@TheBitcoinRevolution 2 года назад

The jury is divided on this. Consider multi-sig.

@r_y_4557 Год назад

My god just generate a pair of key, print it 4 times and hide it various place of your house. It's not that much complicated you do not need fancy ledger thing or so 😊