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Christopher Allen
@ChristopherA
Bitcoin has quadrupled in value in the last year, which makes #SmartCustody more important than ever. Your holdings might now be worth more than you think. How secure are your digital assets? [1/10] https://twitter.com/ChristopherA/status/1267560481855639553
1/27/2021, 9:45:52 AM
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@ChristopherA
You could choose to store your keys in hot wallets, which are directly connected to the internet, or in cold storage, which takes them offline. Each has its own advantages and limitations. [2/10]
1/27/2021, 9:45:52 AM
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linkChristopher Allen
@ChristopherA
The #SmartCustody process teaches you how to use cold storage safely and securely, so that you can protect your digital funds yourself. Though emerging tools are changing the landscape, this process remains today the best way to manage self-custody. [3/10] https://github.com/BlockchainCommons/SmartCustodyBook
1/27/2021, 9:45:53 AM
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@ChristopherA
Because you don’t want to be these guys: millionaires on paper who can’t access their digital funds. (Key Fragility, or accidental key loss, is a prime adversary in #SmartCustody.) [4/10] https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html
1/27/2021, 9:45:53 AM
Favs: 1
Retweets: 0
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@ChristopherA
Using the #SmartCustody procedures we offer, you spend two hours to setup two Ledgers and a metal tile to preserve your master seeds no matter what. The procedure balances safety, security, and usability and improves on old non-redundant and insecure methods. [5/10]
1/27/2021, 9:45:54 AM
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@ChristopherA
If you want, you can also take the next step, using our risk modeling to reshape this basic procedure to best accomodate your assets and your suspected adversaries. [6/10]
1/27/2021, 9:45:55 AM
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linkChristopher Allen
@ChristopherA
You can download the book right now. It’s entirely free thanks to our early patrons. [7/10] https://bit.ly/SmartCustodyBookV101
1/27/2021, 9:45:55 AM
Favs: 2
Retweets: 0
linkChristopher Allen
@ChristopherA
If you’d prefer a personal consultation, I can review your current custody setup and suggest revisions to enable #SmartCustody. Send me a message to set up an introductory conversation. [8/10]
1/27/2021, 9:45:55 AM
Favs: 1
Retweets: 0
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@ChristopherA
There’s more for #SmartCustody in the future! Blockchain Commons is actively working on new methods like airgaps, torgaps, and multsigs, along with new hardware like @GordianWallet, @COLDCARDwallet, @CoboVault, @FOUNDATIONdvcs & #SpectreWallet. [9/10] https://github.com/BlockchainCommons/SmartCustodyBook/blob/master/TODO.md
1/27/2021, 9:45:56 AM
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Retweets: 0
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@ChristopherA
If you’d like to help Blockchain Commons to carefully review & add these mulitsig and other methods to v2 of #SmartCustody, consider making a one-time donation of Bitcoin at our BTCPay (https://smartcustody.btcpay.blockchaincommons.com/) or becoming a GitHub patron (https://github.com/sponsors/BlockchainCommons). [10/10]
1/27/2021, 9:45:56 AM
Favs: 2
Retweets: 0
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