Are hardware wallets really secure enough? Is the complexity of the setup and execution part of the risk model? What are the most likely ways that you will lose your bitcoin? What is the best way to store your mnemonic seed and passphrase?

If you want to see more about key management practices, check out this playlist:    • Key Management: How to Store and Use ...  

More on Trace Mayer's monetary sovereignty initiative: https://www.proofofkeys.com/

CORRECTION: At 9:13, I referred to paper as "Stone Age technology." While I was trying to convey the simplicity of the tool with such a phrase, this is not historically accurate as paper-making is not generally thought to have begun until thousands of years after the Stone Age.

Chapters
0:00 What is the gold standard for storing crypto, for non-technical people? Is a hardware wallet good enough? If my crypto has been on my hardware wallet for a year, is it more or less likely to be hacked over time?
1:50 There is no gold standard that applies for everyone
5:00 What can you do that is practical?
9:35 Pushing people to overextend their technical skill
10:42 We have an intermediate level that people can use

This question is from the January monthly subscriber session, which took place on January 26th 2019. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron:   / aantonop  

RELATED:
How do I choose a wallet? -    • Bitcoin Q&A: How Do I Choose a Wallet?  
Secure, tiered storage system -    • Bitcoin Q&A: Secure, Tiered Storage S...  
Hardware wallets and attack surface -    • Bitcoin Q&A: Hardware Wallets and Att...  
Setting up secure storage devices -    • Bitcoin Q&A: Setting Up Secure Storag...  
What is a private key? -    • Bitcoin Q&A: What is a Private Key?  
How do mneomonic seeds work? -    • Bitcoin Q&A: How Do Mnemonic Seeds Work?  
Using paper wallets -    • Bitcoin Q&A: Using Paper Wallets  
Wallet design and mass adoption -    • Bitcoin Q&A: Wallet Design and Mass A...  
Cryptographic primitives -    • Bitcoin Q&A: Cryptographic Primitives  
Public keys vs. addresses -    • Bitcoin Q&A: Public Keys vs. Addresses  
Re-using addresses -    • Bitcoin Q&A: Re-using Addresses  
Passphrases and seed storage -    • Bitcoin Q&A: Optional Passphrases (Ad...  
Coin selection and privacy -    • Bitcoin Q&A: Coin Selection and Privacy  
Multi-signature and distributed storage -    • Bitcoin Q&A: Multi-signature and Dist...  
Nonces, mining, and quantum computing -    • Bitcoin Q&A: Nonces, Mining, and Quan...  
Is quantum computing a threat? -    • Bitcoin Q&A: Is Quantum Computing a T...  
Spam transactions and Child Pays For Parent -    • Bitcoin Q&A: Spam Transactions and Ch...  
Orphan blocks and stuck transactions -    • Bitcoin Q&A: Orphaned Blocks and Stuc...  
Miners, pools, and consensus -    • Bitcoin Q&A: Miners, Pools, and Conse...  
Software distribution security -    • Bitcoin Q&A: Software Distribution Se...  
Protocol development security -    • Bitcoin Q&A: Protocol Development Sec...  
Geopolitics and state-sponsored attacks -    • Bitcoin Q&A: Geopolitics and State-Sp...  
Sanctions and censorship resistance -    • Bitcoin Q&A: Sanctions and Censorship...  
How to get people to care about security -    • Bitcoin Q&A: How to Get People to Car...  
Honest nodes and consensus -    • Bitcoin Q&A: Honest Nodes and Consensus  
Why running a node is important -    • Bitcoin Q&A: Why Running a Node is Im...  
Wallets, nodes, and monetary sovereignty -    • Bitcoin Q&A: Wallets, Nodes, and Mone...  

Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and respected figures in bitcoin.

Follow on Twitter: @aantonop   / aantonop  
Website: https://antonopoulos.com/

He is the author of two books: “Mastering Bitcoin,” published by O’Reilly Media and considered the best technical guide to bitcoin; “The Internet of Money,” a book about why bitcoin matters.

Subscribe to the channel to learn more about Bitcoin & open blockchains; click on the red bell to enable notifications about new videos!

Would you like to help me translate these videos into other languages? Follow this link for instructions on subtitling: https://antonopoulos.com/video-transl...

MASTERING BITCOIN, 2nd Edition: https://amzn.to/2xcdsY9

Translations of MASTERING BITCOIN: https://bitcoinbook.info/translations...

THE INTERNET OF MONEY, v1: https://amzn.to/2ykmXFs

THE INTERNET OF MONEY, v2: https://amzn.to/2IIG5BJ

Translations of THE INTERNET OF MONEY:
Spanish, 'Internet del Dinero' (v1) - https://amzn.to/2yoaTTq
French, 'L'internet de l'argent' (v1) - https://www.amazon.fr/Linternet-large...
Russian, 'Интернет денег' (v1) - https://www.olbuss.ru/catalog/ekonomi...
Vietnamese, 'Internet Của Tiền Tệ' (v1) - https://alphabooks.vn/khi-tien-len-mang

MASTERING ETHEREUM (Q4): https://amzn.to/2xdxmlK

Music: "Unbounded" by Orfan (  / orfan  )
Outro Graphics: Phneep (http://www.phneep.com/)
Outro Art: Rock Barcellos (http://www.rockincomics.com.br/)
Join the aantonop Channel: https://aantonop.io/joinaantonopyt