Cold storage for your Bitcoin can set you back a hundred dollars or more in hardware expenses. And third-party services charge a percentage of your holdings for cold storage, an ongoing investment that not every risk model requires. But you can also make a DIY Bitcoin cold wallet for the cost of a café frappé…
Today’s news headlines sound the alarm about a breach that’s affecting thousands of Solana users with certain hot wallets. Many newer cryptocurrencies already have a sordid history of security issues, but what about Bitcoin hacks? How safe is Bitcoin in comparison to other cryptocurrencies? Safety is a subjective term, meaning we each define our own…
The biggest challenge to decentralized networks may also be the least understood. How do you reach an agreement when you can’t trust communications from others? This internet-famous quandary is called The Byzantine Generals Problem, and it predates the first blockchain. But Bitcoin’s algorithm solves this programming dilemma by replacing trust with its Proof-of-Work consensus mechanism….
Self-directed individual retirement accounts have been around since the 70s, but a Bitcoin self-directed IRA (SDIRA) gives a new shine to this time-tested investment tool. As the name suggests, a Bitcoin IRA allows you to hold BTC investments in an individual retirement account, becoming captain of your own financial destiny. But some providers allow other…
If you purchased Bitcoin in 2021, you might have paid as much as $69,000 for one Bitcoin. By mid-2022, you could pick up a Bitcoin for under $20,000. It’s tough to know when to buy, but when you dollar-cost average bitcoin, you take the guesswork out of buying. Remember that tortoise in the fable, the…