Should you run a full node with a hardware wallet like Trezor? What are the main factors to monetary sovereignty? Self-validation of the consensus rules and controlling your own keys. What are the issues with using a custodial wallet or a block explorer? What is BIP-174?
More about Electrum wallet: https://electrum.org/#home
More on Electrum Personal Server: https://github.com/chris-belcher/electrum-personal-server
More on Trace Mayer’s monetary sovereignty initiative: https://www.proofofkeys.com/
More on BIP-174: https://github.com/bitcoin/bips/blob/master/bip-0174.mediawiki
CORRECTION: At 3:59, I mistakenly named “Bitblocks” as a hardware wallet. It is not a hardware wallet. I meant to say “BitBox.”
This question is from the December monthly subscriber session, which took place on December 15th 2018. If you want early-access to talks and a chance to participate in the monthly live Q&As with Andreas, become a patron: https://www.patreon.com/aantonop
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Why would someone dedicate a computer, electricity and bandwidth to run a node and don't get paid? In bitcoin only miners are supposed to run nodes and they get paid.
Samourai wallet allows you link wallet to your node, but not to a Casa node because you need to edit files which you cant get at on Casa at the moment.
Another solution you can do is to use the software provided by Trezor, but import the read-only BIP32 keys to Bitcoin Core, and check that you really recieved the money (for sending there's no need for checking, as it doesn't require full trust).
Thank you for the video
I learn a lot from you AA. Thanks again.
THANKS GENIOUS!
I'm running a full node, but NOT using it for transactions, for the simple reason, that if I get hacked, and they somehow get my entire D:BTCCore folder, I've lost my Bitcoin. Haven't I?
Using a Trezor, even if they break in and steal it, they still can't get they keys. I'm using both password and pass-phrases.
I really wish the Core team would support hardware wallets directly. Obviously, I have no idea what it takes to do that. Maybe their time is just better spent elsewhere. But it would be the optimal solution, wouldn't it? Owning your keys, validating your own transactions. Will look into Electrum.
Regarding nodes, what is your opnion about Vite's node ?
Thank you Andreas, one of the best vidoes !
Best video on the Internet.
It would be great if you did a video discussing the merits of BCHSV and possible drawbacks from a technological perspective and how it compares to BTC.
Smashed the like
Use "Sign without sending" option on Trezor. Then copy transaction signature and broadcast it from your node using "sendrawtransaction"
So after all btc is mined, how will transactions be confirmed without miners. Will btc be less secure?
When will Bitcoin evolve? Can it really though? Or are Alt coins the real future for this space?
multi camera skills lol
How do I set up a node to run bitcoin? I thought it was a pow coin
Thanks Andreas!