cover of episode BR019 - Proof of Keys Day Twitter Space ft. Lopp, Craig Raw, Lazy Ninja, mshodl, Rijndael & guests

BR019 - Proof of Keys Day Twitter Space ft. Lopp, Craig Raw, Lazy Ninja, mshodl, Rijndael & guests

2023/1/12
logo of podcast Bitcoin.Review Podcast with NVK & Guests

Bitcoin.Review Podcast with NVK & Guests

Shownotes Transcript

We held an impromptu Twitter spaces on Proof of Keys day to discuss Bitcoin self custody. I was joined by guests including Justine Harper), Jameson Lopp), Dee), Craig Raw), Lazy Ninja) and Rijndael) among others, to discuss all things Bitcoin self custody - from noob to self custody guru!

Discussion Topics:

  • 00:07:46 Most common ways to lose coins

  • 00:19:01 Passphrases

  • 00:27:30 Leaving coins on exchanges

  • 00:34:51 Metal backups

  • 00:40:21 Wallet recovery

  • 00:44:01 Singe sig roundup

  • 00:44:45 Seed XOR

  • 00:48:14 Multisig overview

  • 00:51:34 Multisig solutions

  • 00:57:28 Unchained capital collaborative multisig

  • 01:00:56 Casa collaborative multisig

  • 01:04:55 Nunchuk multisig

  • 01:09:27 Summary of self custody solutions

  • 01:17:12 Security

  • 01:18:34 Can SHA256 be broken?

  • 01:22:53 Entropy and secure key generation

  • 01:29:30 Air gapping and secure software/hardware

  • 01:36:59 Binaries

  • 01:38:24 Hardware random number generators

  • 01:46:00 Quantum computer risk

  • 01:46:48 Multisig grifting attacks

  • 01:49:13 All signing devices are not made equal

  • 01:51:34 Rolling dice for entropy

  • 01:52:18 Correctly adding entropy to key generation

  • 01:54:15 Important features of hardware wallets

  • 01:56:06 "Strength in numbers" in Bitcoin security

  • 01:59:06 Different approaches to signing device security

  • 02:00:34 True versus concatenated random number generators

  • 02:04:00 Summary of complexities and theoretical risks in wallet generation

  • 02:05:32 USB VS SD

  • 02:11:00 Non secure chip attack vectors

  • 02:12:40 Firmware attack vectors

  • 02:15:38 Multichip approach to hardware security

  • 02:16:18 Relevancy of weighting of dice for creating entropy

Links & Contacts:

Full show notes: https://bitcoin.review/podcast/episode-19/