Oddbean new post about login | logout Self-custody feels like martial arts belts.🥋 You rise the ranks little by little, but you wouldn’t put on a black belt on the first day because there will be HORRIBLE consequences. Bitcoin mastery belts: 1. Withdraw from exchanges into a wallet you can easily back up. 2. Use cold storage. 3. Advance to multisig. Any other “belts” you feel important for #bitcoin hodling mastery? #asknostr https://media.tenor.com/53jKY28Sm44AAAAC/violet-beauregarde-karate-girl.gif nostr:note1vaa0kq0lcx9em3r654r3y0yhjufgftm3htfuwddwcz42j6k5ygtsnpmw23
Yeah, I'd add a lot more belts such as single sig+passphrase and maybe even a belt based on proper stash location(s).
Cool ideas :)
Very cool framework! In some arts, there are beginning colors for the basic skills and then the first degree black belt makes you an "official beginner". You know the territory but you need to incorporate it into a coherent whole. Then be able to teach it. Neat way to think of btc stuff
Thanks!💜
what belt am I? I managed to get btc into cold storage but don't understand utxo management and am scared to move it.😬
yellow (i guess) Fees are pretty low right now, good time for UTXO management. you can try Sparrow wallet to view your UTXO just send the one you want to consolidate (merge together) to one of your own address (in the same wallet) I think BTC sessions and Bitcoin University have good video about that
BIP85 some seed from a master seed to use on other (lesser important) wallet. https://youtu.be/cRRB_WzZpTM?si=DSqUkVpxgkz_5NEe
