BTC030: Bitcoin Security and Self Custody w/ Nick Neuman

On today’s show, Preston Pysh talks to Nick Neuman about Bitcoin security and self custody. They explore the importance of taking multiple security measures in keeping one’s Bitcoin safe, and the basics of Bitcoin encryption.

IN THIS EPISODE, YOU’LL LEARN:
00:00:00 – Intro
00:01:01 – Why Blockchain technology doesn’t work for CBDC
00:13:55 – The difference between Public and Private keys
00:19:23 – What is XPub?
00:22:57 – What is multi-sig, and why is it important?
00:30:31 – Seed Storage
– Security concerns that people might have overlooked
00:38:33 – Firmware updates on hardware wallets
00:40:35 – Why the taproot upgrade is important

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