BitPLATES - Bitcoin Backup's avatar
BitPLATES - Bitcoin Backup
bitplates@nostrplebs.com
npub1daz0...zh3w
Creators of Domino plates - metal backups for preserving your Bitcoin seed words/passphrase. Received AAA-rating on Jameson Lopp's stress tests.
So, you've protected your #Bitcoin seed words with 2nd-factor security. eg. passphrase, multisig, etc... ...but you still want to know if anyone has sneaked a peek at them? This is why we provide tamper-proof labels with every BitPLATES Domino plate.
If the price of #gold, #silver & #Bitcoin is set by the "market" on exchanges... Is Bitcoin the only asset with a realistic chance of finding a true market value with peer-to-peer (P2P) exchanging? P2P can be as much as 20% above "spot" price. ๐Ÿค” #PeertoPeer #P2P #NoKYC
If you split 24 seed words in two, each half is protected by 128-bit security. Plate 1 = words 1-12 Plate 2 = words 13-24 Store plates (& copies) in different locations. This is by far the most 'non-technical' #Bitcoin multi-factor security, or 2FA (two-factor authentication).
Almost 12 hours later and the voting on Twitter/X is heavily weighted in favour of Trezor... Does anyone on Nostr have an opinion? Thanks ๐Ÿ˜ image
Bitcoin is the only asset that comes with built-in 'plausible deniability'. 1. Keep a small amount of sacrificial #Bitcoin in a wallet created with ONLY seed words. 2. Keep your main funds secure in a secret wallet created with seed words + passphrase (must store separately). image
How much #gold would you need to buy to have the equivalent % of total world supply of owning one #bitcoin (ie. 1 out of 21,000,000 bitcoins)? Answer: 1/21,000,000th of 210,000 tonnes (or 6,750,000,000 troy oz) = 306 troy oz = $979,200 worth of gold (at $3,200 per troy oz)
Preserving your #Bitcoin seed words on metal doesn't get any easier than this... BitPLATES Domino plate โœ… Sharpie permanent marker โœ… Spring-loaded centre punch tool โœ…
One of our busiest days with orders finally packed up and ready for shipping in the morning. Thank you to everyone who has ever supported us. ๐Ÿ™ #Bitcoin preferred. image
Without giving too much away, there are literally hundreds of places to hide 3mm flat metal plates. ๐Ÿ˜‰ #Bitcoin backup
Why store your #Bitcoin seed words on a solid metal plate? 1. A solid piece of metal is robust. 2. Multiple small pieces could result in permanent loss of data if separated. 3. Screw-close mechanisms could become permanently sealed shut if galling or cold-welding occurs over time.
We have now sent Bitcoin backup plates to 62 different countries around the world! ๐Ÿ™ I know there's still a lot more to add, but I think self-custody is really catching on. ๐Ÿคฏ image
Four pillars of Bitcoin: Ledger, mechanism, risk, reward. 1. Ledger (Blockchain) - Distributed, decentralised, synchronised database. 2. Mechanism (Proof-of-work) - Open-source, decentralised, cryptographic consensus algorithm. 3. Risk (Difficulty) - Thermodynamic requirement for the extrinsic commitment of energy, providing computational immutability. 4. Reward (Bitcoin) - Native, intrinsic asset, rewarded during game-theoretical competition. Would anyone add, remove, or change anything here? image
I'm currently explaining Bitcoin and Nostr to my visiting (sceptical) relatives. ๐Ÿ˜ฌ Please could you all help me highlight the current adoption of these tools by zapping me 1 sat. โšก If I reach 100 sats, I'll give away one Domino seed backup plate to one of the senders. ๐Ÿ‘ Thank you ๐Ÿ™ image
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