My free #SmartCustody book leads you through a risk modeling exercise that helps you to emotionlessly assess risks and determine what's most dangerous to your own digital-asset holdings. But my estimate of the category most likely to cause you loss? It's LOSS BY MISTAKES. (1/8)

Christopher Allen

@ChristopherA

7/3/2020, 2:29:06 PM

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Christopher Allen

@ChristopherA

We worry about thieves. We worry about the government taking our earnings. We worry about our computer crashing. But the average person who takes average precautions is most likely to just lose his keys. (2/8)

7/3/2020, 2:29:06 PM

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Christopher Allen

@ChristopherA

That's why one of the core precepts of #SmartCustody is simply to have a safe, redundant copy of your private keys that you keep somewhere remote. #SmartCustody is that simple. (3/8)

7/3/2020, 2:29:07 PM

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Christopher Allen

@ChristopherA

But there are lots of mistakes that can cost you your funds. I categorize five: Convenience, Key Fragility, Process Fatigue, Transaction Error, and the more generic User Error. (4/8)

7/3/2020, 2:29:07 PM

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Christopher Allen

@ChristopherA

I iconify this category as a man with his head on his keyboard, weeping. And that's the worst part of a Loss by Mistakes: it's your fault. (5/8)

7/3/2020, 2:29:07 PM

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Christopher Allen

@ChristopherA

Decentralization is all about taking control from centralized forces, but that also gives us the responspibilities that they once held. That's the other aspect of #SmartCustody: helping everyone to thoughtfully and methodically protect themselves. (6/8)

7/3/2020, 2:29:07 PM

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Christopher Allen

@ChristopherA

Because in a decentralized world: there's only you. (And the hand-picked people you select to protect your keys, its shards, and your other secrets.) We will be covering each of these 5, non-traditional adversaries over the course of the next week. (7/8)

7/3/2020, 2:29:07 PM

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Christopher Allen

@ChristopherA

Any thoughts on the category of “Loss by Mistakes”? Any specific adversaries that I missed? Let us know! And please consider supporting the book this is drawn from, #SmartCustody. We're working on V2, with multi-sigs and other expansions: https://smartcustody.btcpay.blockchaincommons.com/ (8/8)

7/3/2020, 2:29:08 PM

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