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World’s only #Bitcoin & digital asset hardware wallet using computational key derivation. All funds are stored solely in your consciousness.
Apr 9, 2021 13 tweets 3 min read
1) In this post we will provide a brief overview on #XDC so there is greater understanding of what it is. But first, we want to clarify what it isn’t. The cryptocurrency landscape is replete with hype and wild claims. There is no such thing as a better #Bitcoin and there is no 2) #Ethereum-killer. Those making such claims either do not fully understand the scope of these assets or are trying to intentionally mislead to profit off new market participants. XDC that was developed by XinFin (a team of developers based in Singapore) is addressing a critical
Apr 7, 2021 10 tweets 2 min read
1) #Bitcoin’s threat to the US dollar: Some politicians & scholars insist that Bitcoin is a threat to the dollar. Clearly, it’s not. What does this actually mean and how do you measure this threat? And what would happen to the dollar if this threat fully materializes? If everyone 2) in the world started holding and using Bitcoin there are two main factors at play. People using it for savings as they have done with gold for thousands of years & using it as a payment rail to settle transactions. In the case of payments, the base layer can provide value to
Apr 5, 2021 15 tweets 3 min read
1) This is perhaps the most important post we will make this year. Please read if you are using Bitfi 2 or considering using this wallet. Earlier today a small percentage of users could not load a price feed and as a result could not see their balances. The most surprising aspect 2) of this was the reaction that we observed. A good number of affected users, even those who have been securing funds with Bitfi for several years, seem anxious and panic. This represents a fundamental misunderstanding of how Bitfi 2 works and what it means to self custody in
Mar 7, 2021 17 tweets 4 min read
1) We see a lot of confusion regarding how Bitfi 2 wallet technology works. The question that keeps coming up - “if the salt & phrase is not stored on device and any device can be used, then it must be stored somewhere otherwise how would any device recognize the salt & phrase?” 2) The salt & phrase is not stored anywhere. The Bitfi infrastructure was painstakingly developed to do the very opposite of storing data, instead it is designed to ensure that there is no trace of it. This is the principle security model that makes it impossible to seize your
Mar 5, 2021 7 tweets 2 min read
1) More and more corporations are adding #Bitcoin to their balance sheets. But why? Senior executives & CFOs have a fiduciary duty to shareholders which prohibits them from making speculative bets. In addition, such a maneuver is very carefully calculated - you can be sure that 2) they didn’t just suddenly FOMO into Bitcoin. It stands to reason that there are fundamental and sound reasons leading up to this decision, mostly because there is no alternative way out of their predicament. The hurdle facing companies of all sizes in the present economic
Aug 22, 2020 16 tweets 4 min read
1) MESSAGE FOR CURRENT Bitfi USERS: There are still thousands of people who are using the original Bitfi device. It is a remarkable wallet with a very unique security mechanism. Bitfi provides complete protection from seizure, theft, loss of device, or confiscation. There is no 2) possibility of gaining access to your coins in this scenario, which is the most common way for extraction of funds. This can’t be done with your #Bitfi due to a simple & elegant approach of not having any user data (such as private keys) on device, making any attempts to
Jan 3, 2020 10 tweets 4 min read
1) Think you really know just how deep the rabbit hole goes? Most of you are already aware the dollar is backed by absolutely nothing. The information we are about to share appears on web.archive.org/web/2009050816…, it takes you to the moment before it no longer existed. 2) Before this page disappears forever, we took screen shots that US Department of Treasury made a series of admissions, like “There’s no Federal statute mandating that a private business, person or organization must accept currency or coins as for payment for goods or services.
Jan 2, 2020 16 tweets 4 min read
1) We are receiving many inquiries about the differences between the original Bitfi & the new Bitfi.2. Here is a brief summary. Of course both devices share the unique security mechanism where private key only exists for split second during transaction. 2) We developed Bitfi to address very serious security concerns that go well beyond what you will see with other wallets. With the design of the Bitfi.2, we removed any physical access (USB Data/Access to internal components) without those attempts visibly destroying the device
Aug 14, 2019 11 tweets 5 min read
(1/11) Our experience at Def Con 27 was incredibly helpful. We want to thank the infosec community members who met with us and shared their grievances, concerns and took their valuable time to listen to what we have been working on with regards to our tech and where it is going. (2/11) Hundreds of hours have been spent over the past year by the infosec community reviewing Bitfi tech and claims, and we want to formally thank you for your honest feedback, your desire to protect consumers, and your willingness to share your findings.