Not Your Keys, Not Your Coins - Intro to Bitcoin Self Custody

Gabe is a bitcoin educator and entrepreneur. He currently resides in El Zonte, El Salvador and is on a mission to spread bitcoin adoption.

One of the first sayings you will hear while learning about bitcoin is, "not your keys, not your coins." Bitcoin is a bearer asset, which means you can, and should actually take ownership of it if you want to take advantage of this key property.

However, starting the self custody process is one of the more intimidating elements of adopting bitcoin. This episode intends to break down how to think about bitcoin security and custody, as well as touch on some other bitcoin fundamentals.

EPISODE TIMESTAMPS:

Introduction [00:00]

Bitcoin vs. Crypto [6:46]

Bitcoin Basics + Resources [11:17]

When should you start self custody? [20:29]

Multi Sig vs. Single Sig Wallets

What is a UTXO and Considerations [25:25]

Bitcoin Technological Development [31:10]

KYC and Security Trade-offs [35:15]

Fractional Reserve Banking [45:25]

El Salvador Observations [54:05]

Are You Too Late to Bitcoin? [58:50]

How Has Bitcoin Changed You? [1:00:40]

Links:

Gabe on X: https://x.com/Gabe_P18

Bitcoin Advisors Website: https://www.bitcoinadvisors.org/

The Bitcoin Hardware Store on X: https://x.com/tbhs_sv

Kyle on Nostr:
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OR [email protected]

Kyle on X: ⁠https://x.com/thekylehuber⁠

Listen to the podcast on Fountain: ⁠https://fountain.fm/show/oNj9eSXpNudL...

Watch + subscribe on YouTube: / @wearesatoshipod

If you are interested in buying Bitcoin, River is the best place to do so: ⁠https://river.com/signup?r=4JAPK6Q2⁠

For Bitcoin rewards and gift cards I use the Fold Card: ⁠https://use.foldapp.com/r/HU3JEYKH⁠

Send me an email with feedback/questions: [email protected]