The dangers of custodial accounts; not your keys, not your money. Security practices for long-term vs. short-term storage, trading, and transacting. I don't leave any currency (crypto or fiat) in an exchange for longer than 15 minutes. I use these cryptocurrencies to pay my bills, so I transact very often. So far, I've only ever lost small amounts of bitcoin through stupid mistakes.
Chapters
0:00 How do you, in practice, use bitcoin both as a long term store value and something that you transact with?
0:45 I don't leave money on exchanges
2:03 Hot and cold wallets
4:12 I've lost small amounts of bitcoin
1. Don't leave your money on exchanges longer than you have to. If you day-trade, make sure you understand the risk that entails.
2. Organise a tiered storage system of hot and cold wallets, factoring in the amount of bitcoin you're storing, how you plan to use it (soon or not for a long time), and what security risks you're willing to take with each tier.
3. Use cold storage (i.e. paper wallets) for large amounts or for bitcoins you don't plan on using for a longer period of time.
4. Use hardware wallets that are PIN or password-protected
5. Use multi-signature multi-party or multi-factor wallets for carrying out your weekly business transactions.
6. Use hot wallets (ex. mobile wallets) for petty cash, or if you are the Oprah of cryptocurrency.
This is part of a keynote talk which took place at the Blockchain Africa Conference on March 2nd 2017 at the Focus Rooms in Johannesburg, South Africa:
http://blockchainafrica.co/speakers/andreas-m-antonopoulos/Watch the full talk here:
https://youtu.be/SMEOKDVXlUoTestimony for the Australian Senate here:
https://youtu.be/XotOwt8bTeIRELATED:
How to get people to care about security -
https://youtu.be/Ji1lS9NMz1EWelcome to TrustNet -
https://youtu.be/Rrj8sjHJthUHardware, Software, Trustware -
https://youtu.be/Etyjc1JdmFUAndreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin.
Follow on Twitter: @aantonop
https://twitter.com/aantonopWebsite:
https://antonopoulos.com/He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.
THE INTERNET OF MONEY, v1:
https://www.amazon.co.uk/Internet-Money-collection-Andreas-Antonopoulos/dp/1537000454/ref=asap_bc?ie=UTF8MASTERING BITCOIN:
https://www.amazon.co.uk/Mastering-Bitcoin-Unlocking-Digital-Cryptocurrencies/dp/1449374042Subscribe to the channel to learn more about Bitcoin & open blockchains!
Outro Music: "Unbounded" by Orfan (
https://www.facebook.com/Orfan/)
Outro Graphics: Phneep (
http://www.phneep.com/)
Outro Art: Rock Barcellos (
http://www.rockincomics.com.br/)
Join the aantonop Channel:
https://aantonop.io/joinaantonopytAbout the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
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