"Whatever your setup is for storing the majority of your bitcoin - be it hot or cold, online or offline, software or hardware - if you can access and spend it in a matter of minutes, so can a robber armed with a $5 wrench. The _price_ for convenience is risk**. This is not merely a theoretical scenario; I have cataloged over 50 physical attacks against bitcoin users, including myself!" ~ Jameson Lopp
How can you protect your Bitcoin from physical attacks and ensure its safety in a world where even a $5 wrench can be a threat? In this episode, we start our way into Jameson Lopp's comprehensive guide on safeguarding your Bitcoin from coercion, exploring practical strategies and multi-layered security measures. Discover why privacy, multi-sig setups, and geographic separation of keys are crucial in the fight against physical threats to your crypto assets.
Check out the original article at:
- How to protect your bitcoin from $5 wrench attacks (Link: https://tinyurl.com/4y8kmbtd)
Links to check out:
- Office of Public Affairs | Man Convicted of Violent Home Invasion Robberies to Steal Cryptocurrency | United States Department of Justice (Link:https://tinyurl.com/3kdbb598)
- physical-bitcoin-attacks/README.md on GitHub (Link: https://tinyurl.com/yc88nehu)
- A Modest Privacy Protection Proposal (Link: https://tinyurl.com/4jrdscmu)
- A home defense primer] (Link: Link: https://tinyurl.com/4a8h2ce4)
- Bitcoin multisig time locking challenges | Casa (Link: https://tinyurl.com/3hefcx5f)
Host Links
- Guy on Nostr (Link: http://tinyurl.com/2xc96ney)
- Guy on X (Link: https://twitter.com/theguyswann)
- Guy on Instagram (Link: https://www.instagram.com/theguyswann)
- Guy on TikTok (Link: https://www.tiktok.com/@theguyswann)
- Guy on YouTube (Link: https://www.youtube.com/@theguyswann)
- Bitcoin Audible on X (Link: https://twitter.com/BitcoinAudible)
- The Guy Swann Network Broadcast Room on Keet (Link: https://tinyurl.com/3na6v839)
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“The supreme art of war is to subdue the enemy without fighting.” ~ Sun Tzu, The Art of War