Welcome to MyTwoSats, your comprehensive guide to Bitcoin security. As Bitcoin’s value skyrockets, so too does the appeal for malicious parties to access your digital. You’ve probably heard the saying, “Bitcoin lets you be your own bank.” Well, with great power comes great responsibility—it’s crucial that you’re equipped with the tools and knowledge to safeguard your assets.
Who is this site for?
This question may best be answered by saying who this site is not for. This site is not for those who have not already been orange-pilled. If you have not put in the necessary hundreds to thousands of hours needed to understand bitcoin and it’s potential, then in the famous words of Satoshi Nakamoto, “If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.” This blog is not here to convince you of the financial potential of bitcoin, it is to share the best practices, current and developing, to secure your digital property, and for this reason, bitcoin’s price/price volatility will rarely if ever be discussed, except in rare cases of discussions of the cost basis for a given level of security. All that to say, since this is not a financial blog, nothing here will be given as financial advice, please seek certified financial experts if you need those services. That said, we are not cryptocurrency security experts either. Part of the mission of mytwosats is to empower the average bitcoin owner with the basic knowledge to protect their bitcoin(digital property). Where our knowledge/expertise falls short, we will defer to outside resources/experts, to fill those knowledge/experience gaps in order to empower the average everyday bitcoin owner to secure their bitcoin.
Welcome, Let’s get started!
Again, welcome to MyTwoSats. Let’s begin with the first rule of Bitcoin security, if you’re a fight club fan, you already know this one. The first rule of bitcoin security, don’t talk about fight-club…uhhh bitcoin. If you have already broken this rule, you may still have time to tell all those that you have told before, that you either a. sold, because you could no longer stomach the market volatility(or whatever believable reason/excuse) you come up with, b. You were hacked and it was stolen, or c. due to your own incompetence, you lost access to your bitcoin forever. Now, each person is different, some of you may have family or friends that you trust completely, outside of those people, especially in regards to family, if your intention is to one day leave your Bitcoin to them, you will have to tell them. For everyone else, tell no one that you own Bitcoin, or see my above recommendations(a-c), if you’ve already broken this rule.
Why should you keep your BTC secret???
The reason you should not tell anyone about your BTC, is for the simple fact, that you are not prepared. Bitcoin: You are not prepared. As lotto stories have shown over and over again the good fortune of suddenly winning a fortune, often leads to great misfortune. Youtube and google are riddled with stories of people who lost their fortunes and in some cases their lives in some cases, see here The Dumbest Lottery Winners Of All Time, 15 Lottery Wins That Ended TRAGICALLY, Here’s why lottery winners go broke, because they just were not prepared for the trappings that sudden wealth can bring, don’t make the same mistakes.
What next???
So you have disavowed all knowledge of bitcoin, everyone you previously failed to orange-pill or bring down the bitcoin rabbit hole, now believes that you finally wised up and decided to leave that magic internet money Ponzi scheme alone. You have tackled the first and arguably the easiest step to protecting your future wealth and well being. Now the real work begins, the lifetime of this blog will exist, to explore the many, many, many ways to secure your sats, from seed phrases, to steel plates and everything in between. But at the end of the day use this blog as only a guide on your journey to securing your future wealth to a level that you are comfortable with, and part of doing that is continuing to do your own research because at the end of the day, this is just my two sats.
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