Bitcoin Ownership & Custody
summary
Argues that Bitcoin enables true, individual custody but common hardware-wallet setups actually create joint custody because devices plus 24-word paper backups share control; firmware updates and complexity introduce risk. Offers a Ballet metal card as a zero setup cold-storage alternative that creates a physical bearer asset with no private key pre-generation, no firmware updates, and giftable denominations (1M and ¼M Bitcoin tokens). Cites a real case: 60 BTC stuck on Coinbase with multi-week withdrawal delays.
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chapters (9)
- 0:00True Ownership and Custody of Bitcoin
- 1:49The Risks of Banking and Custody
- 3:29Self-custody of Bitcoin
- 5:13The Reality of Cold Storage
- 6:57The Ballet Solution: Self-Custody Made Easy
- 8:35Firmware Updates and Bug Fixes
- 10:19Convincing Friends and Family to Move Coins out of Exchanges
- 12:05The Journey to Regain Access to Bitcoin
- 13:41Coinbase Account Issue
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