As the saying goes, not your keys, not your coins.
I’ve been explaining this to people for over ten years now. As the blockchain tech space continues its course of growing pains, it’s more important than ever to remind everyone.
Also, the Federal Reserve System is a scam, and the U.S. dollar will soon collapse.
After he spoke about Bitcoin self-custody at the Guns N’ Bitcoin event in Miami, I had the opportunity to meet and sit down backstage with Econoalchemist, a contributor with Bitcoin Magazine.
In my discussion with Econoalchemist, we covered everything from wallet privacy, Bitcoin scaling, and the block size wars to more broad topics like Bitcoin Maximalism and Monero (XMR) as a store-of-value.
“Well-informed people tend to make good decisions. There is a war being waged. Your money is being weaponized against you,” said Econoalchemist. “You need to have good information to make good decisions, so you can protect the things you value and protect your way of life.”
I couldn’t agree more.
Econoalchemist continued:
“Having the tools available to you and information to use those tools is the only way people are going to have a fighting chance. Go non-KYC, don’t look back. Guard privacy. Burn the bridge.”
During our interview, Econoalchemist shared some unique insights about his personal experience with Bitcoin mining at home and mining noise reduction. Home mining is surprisingly inexpensive and easy to do.
Econoalchemist is leading the charge in showing people how to dollar-cost-average into Bitcoin via their utility bill! We also talked about different Bitcoin wallets, including why Samourai Wallet is recommended and Wasabi is not.
Is it possible to use the Lightning Network privately?
Enjoy the full interview here:
Watch on: Odysee | Rumble | YouTube | Facebook | BitChute
Of course, if censorship resistance is the goal (and it is), Monero’s default privacy solution is unmatched.
If you keep your assets on an exchange like Coinbase or Binance, you do not even have your private keys, which means you arguably do not really own your coins because you essentially just have IOUs, like deposit receipts, from a centralized corporation.
Pro-tip: Take it from those of us who have had to learn these lessons the hard way; you don’t want to learn the hard way.
Follow me on Twitter @VamosVigilante, and you can follow Econoalchemist @econoalchemist.
Download our free Crypto Privacy Guide: https://CryptoVigilante.io/convoy
Don’t get rekt! TCV WORKSHOP: Crypto Basics videos available at TCVworkshop.com
The Crypto Vigilante (SUBSCRIBE) is the premier financial newsletter specializing in crypto-asset markets. Follow TCV on BitChute, Facebook, Flote, Gab, Instagram, Medium, MeWe, Minds, Odysee, Rumble, Streamanity, Substack, TikTok, Twetch, Twitter, Vigilante.tv and YouTube.
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