The Sovereign Life with Dale Warburton4 Mars 2024

#46 Piers Cockram - Bitcoin Security & Mining in Australia

Today's guest is Piers Cockram, the founder & CEO of Mineracks, a Brisbane-based Bitcoin company that offers ASIC sales & hosting, as well as Bitcoin self-custody training for both beginners & seasons veterans alike.

Piers' technical background makes him the ideal guest to breakdown some of the more technical concepts in Bitcoin - from encryption & entropy through to best practices for minimising trust in a wallet setup.

It's difficult to overstate the importance of getting your security setup done properly. One of the beautiful things about Bitcoin is self-custody, but with with great power comes great responsibility!

One day your stack could be worth 6,8 or 8 figures - so making sure your setup is robust will go a long way to helping you sleep safely at night.

Timestamps:

(03:14) – Pier’s entry into Bitcoin & Bitcoin Mining (09:01) – Bitcoin’s security model (14:48) – Bitcoin best practices for self-sovereignty (19:03) – Bitcoin third party custody providers & multi-sig (26:55) – Passphrases and single-sig (32:45) – BTC ETFs & how its adoption mirrors the internet (43:01) – Bitcoin mining in Australia

If you're interested in the discussion of 12 v 24 words, check out this blog post https://bitcointalk.org/index.php topic=5450411.new#new

Piers can be found on X ( @mineracks ) or you can visit his website https://www.mineracks.com/ for more information on his services.

Follow me on X at @Dale21M or visit www.thewhybitcoinshow.com for any feedback. I'm on a mission to help people understand "why Bitcoin". If you could like, comment and share this episode with friends, it's the single most valuable thing you could do to help spread the message.

Thanks for the support everyone, it means the world to me!

Edited by Sean Lowe.

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