Opsec tips for those with meaningful crypto holdings but self-custody…

1. Separate device just for smart contract interactions (VMs for the more tech savvy)

2. Hardware wallets ONLY

3. Back up your seed offline, can shamir secret share it and secure in diff locations
4. Separate phone number(s) for all accounts tied to crypto, including PW manager

5. Separate email(s) and passwords for each exchange

6. Authy and Yubikeys - never text based SMS

7. Practice safe aping: revoke contract approval post aping with @DeBankDeFi
8. Don’t wear crypto merch to avoid dollar wrench attack. The comfy @Not3Lau_Capital hoodies stay at home!

9. Use multiple addresses (rip degen score), and multiple wallets

10. No cash deals in person
11. PO box for inbound mail, never send crypto merch to home address because @Ledger might leak your data again

12. Disable multi device on Authenticator apps

13. Destroy old devices, never trade ins (overkill maybe)
14. Don't use paper to back up your seed as your biggest risk might be yourself (accidentally destroying your seed). Use unobtrusive stainless steel. Figure out how to do this.

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More from @mrjasonchoi

25 Nov
Thinking out loud:

What the next crypto bear market might look like.

A short thread 👇
1/ Last cycle (2017 ICO boom) was characterized by vaporware and retail money that left as quickly as it came.

It took a year of false recovery and lower lows to dry up all the remaining capital.
2/ Within the year, $BTC lost over 80% of its value.

Unlike the short corrections we're conditioned for this entire bull run, it trended down for a year then stayed in the lows for 4 months.

For alts, most that were down 90%+ went down *another* 90%, many never recovered.
Read 19 tweets
9 Nov
Thoughts on $FEI: the stablecoin for DAOs.

Why I'm excited about Liquidity-as-a-Service and protocol-controlled value as a $TRIBE holder

👇
1/ The most important thing about a stablecoin is its peg. The second is liquidity.

$FEI is not just a stablecoin - it's the *most* liquid stablecoin on Uniswap v2.
2/ It's so liquid because it uses Protocol Controlled Value (PCV): i.e. the protocols *owns* its TVL - to provide liquidity for itself.

This is a concept @feiprotocol championed around the time that @OlympusDAO $OHM also came up with a similar idea.
Read 19 tweets
3 Nov
How to Get Rich in Crypto (without getting lucky):
Inspired by @naval's timeless thread, here are some lessons from 100s of convos I had as an investor and as an interviewer on @theBlockcrunch speaking to people in crypto who "made it".
Whether you're a founder, investor, trader, operator, developer - most people in crypto get rich by the same thing: owning assets that appreciate in value over time.
Read 32 tweets
30 Oct
21 day quarantine starts today 🥲

Per @Darrenlautf suggestion I’ll sum up every day with a tweet in case you want to follow along Image
Day 1: EXISTENTIAL CRISIS
Day 2: Death by a thousand Zooms Image
Read 7 tweets
21 Oct
Some initial thoughts on Worldcoin…
✅The idea of onboarding billions while preventing sybil via biometrics is powerful.

🚩If profitable enough retinal scans could probably be spoofed and operators have no incentives to stop fraud as they earn commission (ht @richardchen39). Wells Fargo anyone?
✅Using ZKP to preserve biometrics <> address privacy is reassuring.

🚩If biometrics data is stored in a central repository could be a massive honeypot?
Read 5 tweets
16 Oct
How NOT to raise money in crypto

A thread for founders.
0/ Some background:

Alongside our venture arm, @TheSpartanGroup also has a 10-person advisory team.

We’ve sat across both sides of the table, and raised + invested 100s of millions in crypto for projects.

Here are the common overlooked lessons on fundraising.
1/ Raising money is not about money.

Think of it as hiring your investors.

This is the second most important decision you’ll make early on, after actually hiring.

So don’t. Rush.
Read 12 tweets

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