Oddbean new post about login | logout Should I invest in a #bitkey or a #coldcard? Which one is the better product for someone who isn’t tech savvy, but wants to protect their coin? #Asknostr @NVK @Thomas
I would just buy it and test it, but it’s a ( rightfully)very pricy investment to protect your bitcoin.
I've bought a few Bitkeys for friends. Coldcard is great and much better risk tradeoff but if you're not interested in really spending time learning about Bitcoin security best practices there are still too many ways to mess up in my opinion. There is a higher level of trust required with a Bitkey but it's so user friendly I think my grandmother could use it safely. Ultimately the risk of someone losing their own coins is still higher than them being physically stolen.
Thank you for taking the time to explain this all to me, i’m still new to the bitcoin world, the tech aspect is complicated for me. I’ll probably end up with the cold card because i enjoy the aesthetic of the product
I think nostr gave you the background knowledge you'll need to use the Cold Card. Just take your time. Roll 99 dice rolls. Test you seed phraze by sending a small amount first. Then Erase your seed. Restore it. If you screw it up, you're out 100k sats, but if it works, you'll know your seed words are valid. Keep them secret. Keep them safe. Back them up with military grade stainless steel. You might make an extra copy. You're about to embark on a journey into a journey of cybersecurity. Have fun.
i’m nervous bc it’s an expensive investment and there’s so many options
Don't be nervous! Lots of good devices out there these days, hard to go wrong. The coldcard has phenomenal functionality, it can basically do anything you'd ever want plus a million things you'd never even imagine you want lmao I'd reccomend watching a nostr:nprofile1qqspnzgrfett3asxcuj0gksje6z2zxzpvgd27uvz58m9vsuqh8zzw6cpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqgjwaehxw309ac82unsd3jhqct89ejhxqg5waehxw309aex2mrp0yhxgctdw4eju6t0rjj54p tutorial to get a picture of how it works, and obviously use nostr:nprofile1qqstu7jjjx6n969erredexq539y2x0f7pks80zxhg9hh8dx8298s3espzdmhxue69uhhqatjwpkx2urpvuhx2ue082mnc8's Sparrow to interact with it.
@BTCsessions has taught me a lot tbh 🫡
nostr:npub1rxysxnjkhrmqd3ey73dp9n5y5yvyzcs64acc9g0k2epcpwwyya4spvhnp8hank you so much again zach
I want one of these so bad.... https://www.modulo.network/key 🥹
All these devices are great in their own respective ways. I think a #bitkey is better suited for your needs. It’s a hot wallet and a cold wallet at the same time. But while it’s easy to use, buck up is made in an untraditional way, which I would argue makes it less user friendly from that perspective. PDFs + cloud + trusted friend + Block. Nothing beats the old school 12 words seed backup.
what’s a hot wallet vs a cold wallet? i like the seed backups, its secure
So they designed bitkey it in a way that allows you to spend Bitcoin without the bitkey itself in a secure way, straight from your phone (that’s what’s considered a “hot” wallet) under a set amount you specify. For any amounts larger than what you set, you need the bitkey to sign the transaction (that’s the “cold” wallet). But to enable all of this, bitkey is not your typical 12 seed phrase wallet. It’s a bit more complex under the hood.
150$ is steep for someone of my age rn (college student) but i think i might try out the bitkey since im already a cashapp user @Thomas @CashApp will there be sales on the bitkey in the future by any chance, or is it a set price
We had a huge sale a while back. Holiday season around the corner. Also don’t skip on the Blockstream Jade. $50 arguably better positioned than both in my humble opinion.
Do you work for bitkey?!?!
Haha of course not.
We* was an autocorrect. Not sure what I was trying to say. They?
Both are great. I believe BitKey to be more user friendly.
cold card is so aesthetically nostalgic tho
It is!
There was a review site that did comprehensive comparisons of all the different hardware wallets, but I can't remember the URL, and I don't I bookmarked it. I'm going to dig through my browser history and see if I can find it. It wasn't that long ago, so maybe it's still in my history 🤷♂️
I like jade @Blockstream
Coldcard Q. Absolutely. Hands down the best.