VIDEO: Just Released: Andreas Antonopoulous: Bitcoin Q&A: Hot vs. Cold Wallets - Crypto 101 - (5 mins) - Super practical resource here today!! (Other videos inside post also)
Andreas M. Antonopoulos is an early pioneer and adopter in the Bitcoin/Crypto space if you have not heard of him. He routinely puts out some of the best information going.
He travels the world preaching the Bitcoin and blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!
This resource showed up in my email inbox today, have a watch, share it with those who are learning.
Published on May 11, 2017
The dangers of custodial accounts; not your keys, not your money. Security practices for long-term vs. short-term storage, trading, and transacting. I don't leave any currency (crypto or fiat) in an exchange for longer than 15 minutes. I use these cryptocurrencies to pay my bills, so I transact very often. So far, I've only ever lost small amounts of bitcoin through stupid mistakes.
Don't leave your money on exchanges longer than you have to. If you day-trade, make sure you understand the risk that entails.
Organize a tiered storage system of hot and cold wallets, factoring in the amount of bitcoin you're storing, how you plan to use it (soon or not for a long time), and what security risks you're willing to take with each tier.
Use cold storage (i.e. paper wallets) for large amounts or for bitcoins you don't plan on using for a longer period of time.
Use hardware wallets that are PIN or password-protected
Use multi-signature multi-party or multi-factor wallets for carrying out your weekly business transactions.
Use hot wallets (ex. mobile wallets) for petty cash, or if you are the Oprah of cryptocurrency.
- This is part of a keynote talk which took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa: http://blockchainafrica.co/speakers/a...
RELATED:
How to get people to care about security -
He travels the world preaching the Bitcoin and blockchain gospel and is one of the most well respected lecturers and teachers in the crypto world!
This resource showed up in my email inbox today, have a watch, share it with those who are learning.
Published on May 11, 2017
The dangers of custodial accounts; not your keys, not your money. Security practices for long-term vs. short-term storage, trading, and transacting. I don't leave any currency (crypto or fiat) in an exchange for longer than 15 minutes. I use these cryptocurrencies to pay my bills, so I transact very often. So far, I've only ever lost small amounts of bitcoin through stupid mistakes.
Don't leave your money on exchanges longer than you have to. If you day-trade, make sure you understand the risk that entails.
Organize a tiered storage system of hot and cold wallets, factoring in the amount of bitcoin you're storing, how you plan to use it (soon or not for a long time), and what security risks you're willing to take with each tier.
Use cold storage (i.e. paper wallets) for large amounts or for bitcoins you don't plan on using for a longer period of time.
Use hardware wallets that are PIN or password-protected
Use multi-signature multi-party or multi-factor wallets for carrying out your weekly business transactions.
Use hot wallets (ex. mobile wallets) for petty cash, or if you are the Oprah of cryptocurrency.
- This is part of a keynote talk which took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa: http://blockchainafrica.co/speakers/a...
RELATED:
How to get people to care about security -
Welcome to TrustNet -
Hardware, Software, Trustware -
" Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-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.
THE INTERNET OF MONEY, v1: https://www.amazon.co.uk/Internet-Mon...
MASTERING BITCOIN: https://www.amazon.co.uk/Mastering-Bi...
Subscribe to the channel to learn more about Bitcoin & open blockchains!
Outro 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/)
This is part of a talk which took place at the JW Marriott Sahar (International Airport) on March 26th 2017 in Mumbai, India: https://www.townscript.com/e/bitcoin-...
RELATED:
Lightning, full nodes, and miners -
Hard Promises, Soft Promises: Promoting Autonomy instead of Authority
Innovations in wallet design -
How to get people to care about security -
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LiteCoin (LTC) - LKdsnvSXk9JW99EiNicFMGKc1FXiBo9tUE
Stratis (STRAT) - SNsJp6v1jXvKWy4XcXSXfNQ9zhSJJppJgv
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Please note -- I will have limited internet access for awhile -- so PLEASE do not be upset that I cannot reply right away, or to everyone. I am dealing with some changes, and will have limited time online and will be happy if I get a few blog posts up a week.
good posts, Following :)
Hey thanks a lot!!
(:
I absolutely adore Andreas! We need him on steemit!
You are so right!!!!!!!!!!!
How are you doing these days my good friend?
You are in my thoughts a lot, I want you to know this!!! Always.
Still thinking about you @mallorcaman and glad we are friends!
He's one of my favorites. He explains very complex concepts in layman's terms.
I hit 900 followers last nite Deb since we talked about it. I am doing a post on it now LOL.
I love me some milestones hahahahaha!
(:
Woohoo! Will check for it later. Stopped by home for a quick sammich, then have to run Tink to the vet for her checkup.
Awesome sauce, bud!
It cannot be said any better than this.
You are so right Deb.
Thanks for commenting friend.
@abit - why are you flagging a tiny $14 post, which is FULL of useful information to help the thousands of new people joining this platform, while the rest of the million trending and hot posts are earning $150, 300 and $500 etc by the boatload??????
This post has been ranked within the top 80 most undervalued posts in the second half of May 11. We estimate that this post is undervalued by $14.60 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: May 11 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Thanks