Proud to announce that YetiCold.com 2.0 is released!

Thanks to the great work being done by @bitcoincoreorg we are most proud of the code we deleted.

...
Descriptor wallets are now supported by Bitcoin Core. This means all of the send and receiving features, everything from selecting a destination address to dealing with change, is no longer a Yeti thing.

...
With offline signing in bitcoin core Yeti no longer creates raw transactions and moves them to the offline device - the bitcoin core UI handles everything with PSBT!

...
Yeti still walks you through setup of your multisig wallet, recording your seeds to paper and CD, and storing these seeds in a safe location, but once you are setup you are simply a first class bitcoin core user.

...
We also changed our terminology to be more user friendly.

Yeti Level 1 is a single sig wallet where you backup your seeds on 5 CD rom drives. No writing down seed words. One laptop.

Yeti Level 2 is a 3 of 7 multisig where you use 7 CDs to store your seeds. One laptop.

...
Yeti Level 3 is a 3 of 7 multisig that uses a second laptop so your private keys are never on an internet connected device (a proper hardware wallet for free) and your seed words are written on paper and stored on CD for maximum security.

...
Another awesome improvement made in Bitcoin Core is that you don’t need a blockchain on your offline signing machine anymore - this is a massive UX get.

...
This is the perfect time to dump your hardware wallet, grab a cheap ($60 on eBay) laptop or two and get your #Bitcoin into the most secure cold storage system available.

...
A lot of folks have been messaging me about the @Ledger data leak. I’m not going to victory lap on these guys because they didn’t do anything wrong beyond selling a hardware wallet. Go to @haveibeenpwned and enter any email more than a couple years old

...
And you will see that it’s been leaked by every from Adobe to Zillow. It’s simply not reasonable to expect better security from a small startup.

But this is why it’s important to use @bitcoincoreorg (with or without yeti to help).

• • •

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More from @JWWeatherman_

25 Dec
My Christmas gift to you:

When someone objects to bitcoin because it won’t allow for big government or harms the environment don’t address the objection. Instead...
Simply explain that their opinion doesn’t matter anymore. They have lived in a world where mob might makes right so they assume their opinion of something has an impact upon it - because for things not government hard this is true at this soviet moment in history...
But #bitcoin only needs a small percentage of the world to choose to hold it for world dominance to become inevitable in spite of the opposition. Indeed it’s already happening at an accelerating rate.

They have become obsolete. The mob has been dethroned...
Read 5 tweets
26 Nov
Techn gets adopted rapidly and in very unpredictable ways.

Text based search (google) looked lazy and sloppy and many expected “topic maps” to be the killer app of the internet.

Social media in many ways is a poorly designed email system merged with digital scrapbooking

...
Merged with a dynamic and super sloppy mailing list.

The iPhone was a super obvious upgrade to the early windows phones as soon as high fidelity touchscreens existed, but the App looked completely backwards when all was going “web app.”

...
So we should expect the #bitcoin tipping point to be equally unexpected and strange. Even a killer gaming experience, or a “like” = a “sat” seems like a very reasonable possibility so we should expect something much weirder.

Maybe it will turn out to be “corporate treasury”

...
Read 5 tweets
19 Nov
Why Greg Maxwell thinks #bircoin hardware wallets are a bad idea (even for noobs).

Greg is a legend that, among many other heroic accomplishments, discovered covert

ASIC boost - arguably the worst security flaw ever found with bitcoin.

...
“I don't think very highly of hardware wallets. They're opaque, largely unauditable. Most are crapped up with sketchy altcoin support that forces them into objectively less secure cryptographic code and makes them harder to review.”

...
“They're an extremely attractive target for supply chain attacks. An old laptop that never goes on-line is a lot better IMO, except where space/portability are a concern...”

...
Read 24 tweets
18 Nov
#Bitcoin is pumping because the Maximalist are correct. Here is what they know:

Economics

-We are cypherpunks. We are anarcho-capitalists.

-Monopolies can’t exist unless they are supported by governments that protect them from competition.

...

...
-Monopolies in security and defense services have the same type of effects as other monopolies - poor quality products with high prices.

-Governments particularly enjoy monopolies on security services because it prevents citizens from being protected from the government.

...
- One of the most effective ways that corrupt governments steal from their people is through printing money after they establish a monopoly on money.

- A side effect of money printing is the boom and bust cycle that results in massive bad investment and great destruction.

...
Read 12 tweets
16 Nov
I know things seem hopeless right now.

We appear on a fast track to global socialism and we are living through the most destructive economic policies conceivable.

Truth has become a joke and almost everyone is participating in a cult of lies and government power

...
And I must admit that I am not sure we can get out of this. I am hopeful bitcoin will survive this and be the tool that helps us escape future attempts to destroy the productivity of the world, but an Internet shutdown or global censorship of it is no longer insane.

...
However this is not the first time things have been near or completely hopeless.

In fact one of the earliest stories that humans posses is of a centralized government established through violence that created a powerful cult based on epic propaganda and a false religion.

...
Read 13 tweets
15 Nov
Damn it Greg Maxwell, Adam Back, Nick Szabo and Tim May!

Can't you let me have one original idea that I'm not accidentally stealing credit for?

Hardware wallets r dumb.

old.reddit.com/r/Bitcoin/comm…
"The badness of the supply chain vulnerability is so severe that I just cannot recommend a hardware wallet except for casual low/moderate value use where it doesn't really matter what security properties you use."

-Greg Maxwell
"At the moment I think the best option at the intersection of security and usability may be a linux laptop/desktop that never runs any software other than your wallet. This doesn't require being a super-security wizard..."

-Greg Maxwell
Read 4 tweets

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