How to Protect Your Bitcoin with Nick Neuman & Jameson Lopp

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“The definition of easy for an early Bitcoiner, cypherpunk is much different than the definition of easy for somebody who is just getting started with Bitcoin.”
— Nick Neuman

SHOW DESCRIPTION

Location: Squadcast
Date: Wednesday 19th August
Company: Casa
Role: CEO & CTO

One of the earliest lessons for a new Bitcoiner is the security of your Bitcoin. If you lose your private keys or someone hacks you, it is almost certain you will never see that bitcoin again.

Protecting your private keys is one of the first concepts for anyone holding Bitcoin to master. It is the basic building block for becoming self-sovereign, separating your wealth from the legacy financial system. 

There is no one way to secure your private keys, and bitcoin holders have a wealth of options available to them, but building a robust security solution which protects you against every possible scenario requires planning.

Casa is a company that specialises in security and offers multisig solutions that help robustly secure your bitcoin while retaining custody.

In this interview, I talk to Nick Neuman and Jameson Lopp, Casa CEO and CTO. We discuss how to secure your Bitcoin, the types of attacks that you need to be aware of and Casa’s multisig solutions.

TIMESTAMPS

00:05:13: Introductions
00:07:27: Privacy and security
00:09:40: Specific types of risk
00:11:31: Github
00:11:47: Are the number of Bitcoin hacks tracked?
00:13:56: The 51% attack against the OKEx exchange
00:14:36: Risks from phishing and SIM swapping
00:15:22: How Nick Neuman joined Casa
00:18:46: Security versus risk
00:24:30: Multisigs explained in layman's terms
00:30:09: Private keys, to backup or not?
00:33:30: Casa's protection against a single point of failure
00:37:30: Casa inheritance product
00:41:18: Casa Buy Bitcoin feature
00:44:19: Multiple wallet option
00:46:24: Upcoming changes from Casa
00:52:02: Lightning
00:54:13: Casa's normal wallet
00:55:56: Shortcut to send between Casa wallets
00:57:50: Protection against $5 wrench attacks
01:00:47: Anonymity and security
01:03:10: Final comments

 

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SHOW NOTES

PodcastPeter McCormack