Nick Neuman, co-founder and CEO of self-custody company Casa, said physical risks in the world like a natural disaster are an opportunity to revisit how bitcoin security works, and the common security lapses folded into most peoples' practices. "Most people secure their bitcoin with one private key. If that key is on a single device or written down on paper as a seed phrase, it's a single point of failure. If you lose that key, your bitcoin is gone," he said.
You are viewing a single comment's thread from: