Bitcoin Self Custody: Challenges & Tradeoffs
summary
Asserts that owning private keys is essential and recommends a concrete starter path: download a mobile wallet, send a small amount, write down 12/24 seed words, delete the wallet and recover from the seed to verify. Warns against photographing or storing seeds online, using trivial PINs, and common mistakes that “more than 50%” of attendees already make. Defends supply-chain risk with multisig across different device types (including DIY SeedSigner) and introduces Lyana, a working product that adds a time-dimension to backups so seeds only become valid after a delay.
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chapters (8)
- 0:00The importance of custody
- 2:31Getting started with security
- 6:16Risks and security practices
- 12:50Managing supply chain risks
- 15:20Backup strategies and tools
- 22:24Regulatory challenges
- 25:20Emergency portability
- 28:32Future of self-custody
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