Eric Lloyd

Bitcoin ⚡, [email protected]

[Eric Lloyd @ericlloyd22]

@london4congress @Rajatsoni I disagree. I think there is a lot of room for China's currency to dominate and for the US to fall to number two but not totally collapse. It could take another 50 to 70 years for hyper bitcoinization

[Eric Lloyd @ericlloyd22]

@Rajatsoni Yeah, I definitely had a good number of people early on talking about how the initial gains would plateau for a little bit and then we will see a hyperinflation event at some point. But it is going to take a long time.

[Eric Lloyd @ericlloyd22]

@TheGuySwann Is there a way to generate a seed phrase (including the checksum last word) without using any software? It feels like the math is really hard. Is there any tutorials or suggestions? I hate thinking that I'm always relying on software that I truly can't audit and verify

[Eric Lloyd @ericlloyd22]

@AaronRDay How do you generate your own seed with the checksum math that is needed. I so can't get this answer

[Eric Lloyd @ericlloyd22]

@w_s_bitcoin Is there a way to create a random seed phrase without needing software to get the checksum word?

[Eric Lloyd @ericlloyd22]

@shaguncrypto @FrenglishMan_ Can you generate multiple seeds from multiple vendors or are you still trusting bitkey to do it all for you

[Eric Lloyd @ericlloyd22]

@itscoachgoodman I mean.... What about if your safety deposit box was drilled?

I don't know if there's that many people that take all the risks that seriously. They are kind of rolling the dice on the risk curve.

[Eric Lloyd @ericlloyd22]

@notgrubles There were a lot of people who talked about the risks of trusting just one hardware wallet company with your Bitcoin.

This honestly is just so awful because it was coinkite.

Risks come with multisig too. But it feels like it's forcing me to do multisig at this point

[Eric Lloyd @ericlloyd22]

@MrHodl @brucefenton How? Is there a YouTube video how to do this?

[Eric Lloyd @ericlloyd22]

@MrHodl @brucefenton You still have to rely on the software for the checksum word

[Eric Lloyd @ericlloyd22]

@luchebrardtech Especially if there is even a remote chance my key could be the same as a single sig key

[Eric Lloyd @ericlloyd22]

@luchebrardtech How can they see that I have a multisig if they only have one key?

[Eric Lloyd @ericlloyd22]

@dotkrueger I used a 2 of 2 with a coldcard and a second wallet.

I consider my funds safe. But I'm not going to lie, this shakes my faith in my own understanding of my custody.

It's been a long time since I really educated myself on multisig

[Eric Lloyd @ericlloyd22]

@DrBitcoinMD If you use a 2 of 2 quorum multisig with one coldcard and 1 other wallet, Do you have any exposure? Can the attackers determine anything?

[Eric Lloyd @ericlloyd22]

@Diditaihuttu If you use a 2 of 2 quorum multisig with one coldcard and 1 other wallet, Do you have any exposure? Can the attackers determine anything?

[Eric Lloyd @ericlloyd22]

@AdamSimecka @Amac_IV @jackmallers A hole that is easily identified by the mass population when system inflation sucks them dry.

I think USDT is definitely more of a bridge than a trap

[Eric Lloyd @ericlloyd22]

@Bitcoin_Teddy Yeah but you also have to post up your house as collateral

[Eric Lloyd @ericlloyd22]

@BitmundFreud @grok Gemini made a good guess