Excellent, I finally have a good grasp of multisig and the various tradeoffs. Unchained great option as you can still operate the vault out of sparrow. Unchained a backup, best of both worlds if you think the government does not break their door down....lol...if you see that coming move the bitcoin out of there.
I realize this vid is a year old, but it seems to me that the big benefit that did not get said at the end is: if you have or want a Bitcoin IRA or Roth IRA (obviously KYC) and you want to hold your keys (because you want to guard against a state attack and other threats), Unchained is a service that can accomplish this. Yes, your holdings will be known to government, but government can’t take coin custody away from you without taking YOU into custody. If it gets to that point, we’ll have more to worry about than our finances.
It's strange to me that people rarely if ever talk about the risk of a single hardware device company going rouge and stealing a ton of customers seed phrases. Even if it's open source (ledger is not) they could do a software upgrade, and steal them before the community figured out the bad update. To me this is the main reason to do multi sig.
I really appreciate your efforts! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
But if you have back up phrases, you can just restore the wallet to any device that supports that version? So if I lost a ledger device etc, that doesn’t matter, because with the backup phrase I can just restore as many times as I like..?
When you import your multisig vault into sparrow, doesn't it come in as watch-only wallet? I'm not sure how you were able to spend your funds from sparrow.
What happens if Unchained goes out of business, and you have lost the backup to the “map” ? Sounds like we need to secure the map with as much importance as our private keys?
True. If they lose the map you can recreate it if you have all of the keys that were used to create it originally. This is why ColdCard sells industrial SD cards. The map can also be printed out to save.
How would you compare Unchained to Casa? Casa claims to not collect any KYC. But it’s a paid service. Since Unchained is free, how to they make money from you to keep the lights on?
Or you have your two devices geographically in different places so paying $20 could be less of a hassle than when the other device might be in another country/region
So the amount of BTC on the devices are different from the vault? I don’t understand the point of the vault if majority of funds are on the devices… help me make it make sense :(
No funds are stored on any device. Only the private keys used to sign transactions. Funds are in a wallet. (Vault) the device’s are used to transact. (Sign)
Can I still use a device that already has btc on it for the vault or does it need to be a new blank device? Can I then send from my device to the new vault.
I've got up to 700K returns since I came across Mrs Sarah Mary Mears trading platform, My financial life has completely changed all thanks to Mrs Sarah Mary Mears awesome trading strategies!!!
They made me record a video of myself st creation. If you needed to recover your wallet, you need to submit a video of yourself making the request, and compare videos. I suppose with AI that might be possible in a few years to fake convincingly, but not yet
The explanation is good. However, taking one step back, it all is still much too difficult for the AVERAGE user. It is like the internet in 1997. This tells me mass adoption of bitcoin as an investment is still in its infancy. The industry needs to come up wth something easier to self of multi sig custody.
If you are too simple to understand then they can hold your hand and walk you through. If you can't be bothered to learn something new then you can have fun staying poor.
![BLACK BAG - Official Trailer [HD] - Only in Theaters March 14](http://i.ytimg.com/vi/Du0Xp8WX_7I/mqdefault.jpg)
![Felix "Unfair" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/Oswujxm2Ag0/mqdefault.jpg)
Thanks for the great video. It really helped. I'm now setup with Unchained! I feel better already! :)
Awesome to hear :) Thank you !
Great video $5 sent. The backup methods (Sparrow & Caravan) were just what I needed to see. My concern was what would happen if their site went away.😊
Excellent, I finally have a good grasp of multisig and the various tradeoffs. Unchained great option as you can still operate the vault out of sparrow. Unchained a backup, best of both worlds if you think the government does not break their door down....lol...if you see that coming move the bitcoin out of there.
This video is excellent. it walked me through the entire process. life saver to someone that has zero knowledge about this before watching the video.
Keep up the good work. You're doing a great service to the community
Thanks!
Thank YOU!
Dude. You're awesome. Thanks for the informative video, I was considering unchained capital and really appreciate the overview. 🎉🎉 $5 tip.
Just signed up for unchained roth ira.
GREAT VIDEO!!! I was super nervous about setting up the multi sig but this was great
Subbed. Very clear and concise information supplied! Detailed!
I realize this vid is a year old, but it seems to me that the big benefit that did not get said at the end is: if you have or want a Bitcoin IRA or Roth IRA (obviously KYC) and you want to hold your keys (because you want to guard against a state attack and other threats), Unchained is a service that can accomplish this. Yes, your holdings will be known to government, but government can’t take coin custody away from you without taking YOU into custody. If it gets to that point, we’ll have more to worry about than our finances.
It's strange to me that people rarely if ever talk about the risk of a single hardware device company going rouge and stealing a ton of customers seed phrases. Even if it's open source (ledger is not) they could do a software upgrade, and steal them before the community figured out the bad update. To me this is the main reason to do multi sig.
very helpful. Thank you
I have one question, what address is the bitcoin actually stored? Is it with unchained on their private keys?
Lots to think about... Thank you Ben.
I really appreciate your efforts! A bit off-topic, but I wanted to ask: My OKX wallet holds some USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). What's the best way to send them to Binance?
Fantastic video. Thank you
If you only have one device (out of 4 pieces of info), I'm guessing you will need the pin number for the company to assist?
That is correct.
Does unchained support blackstream jade wallets and devices??
Not yet, but that would be great!
Superb video
But if you have back up phrases, you can just restore the wallet to any device that supports that version? So if I lost a ledger device etc, that doesn’t matter, because with the backup phrase I can just restore as many times as I like..?
Scammers shilling fake Guru’s in the comments. Don’t be a Victim.
When you say "backup" do you mean the 12 seed phrases?
This is what I wanna know..
With your seed phrase you can recreate another hardware wallet. The seed phrase is your backup for that key.
When you import your multisig vault into sparrow, doesn't it come in as watch-only wallet? I'm not sure how you were able to spend your funds from sparrow.
What happens if Unchained goes out of business, and you have lost the backup to the “map” ?
Sounds like we need to secure the map with as much importance as our private keys?
True. If they lose the map you can recreate it if you have all of the keys that were used to create it originally. This is why ColdCard sells industrial SD cards. The map can also be printed out to save.
do the signing devices need to be fresh/empty?
Unchained uses JADE? Not sure if they added it by now
How would you compare Unchained to Casa? Casa claims to not collect any KYC. But it’s a paid service. Since Unchained is free, how to they make money from you to keep the lights on?
they have BTC loan service and if you ever lose one of your hardware wallets and need to use unchained as a signer they charge you a $20 fee
Or you have your two devices geographically in different places so paying $20 could be less of a hassle than when the other device might be in another country/region
We are so early
So the amount of BTC on the devices are different from the vault? I don’t understand the point of the vault if majority of funds are on the devices… help me make it make sense :(
No funds are stored on any device. Only the private keys used to sign transactions. Funds are in a wallet. (Vault) the device’s are used to transact. (Sign)
@@twoheadedrooster9659 got it… thank you
Can I still use a device that already has btc on it for the vault or does it need to be a new blank device? Can I then send from my device to the new vault.
How do I contact you for private sessions?
Even with the economic fluctuation, I’m so excited I’ve been earning $45,000 from my $10,000 investment everyday 10days.
HOW!!😊 I know it's possible, I would appreciate if you show me how to go about it.
I've got up to 700K returns since I came across Mrs Sarah Mary Mears trading platform, My financial life has completely changed all thanks to Mrs Sarah Mary Mears awesome trading strategies!!!
It was a very awesome transformation, No greater joy than seeing my progress in an initial decision..
@Carlos BHD You can easily communicate with Sarah Mary Mears directly on👇🏻👇🏻
人人人🤍🇺🇸＋𝟷𝟿𝟺𝟽𝟸𝟷𝟺𝟼𝟼𝟿𝟶🇺🇸🤍人人人
but if they had one, couldn't they just hack into your unchained capital and get Unchained to sign the transaction?
They made me record a video of myself st creation. If you needed to recover your wallet, you need to submit a video of yourself making the request, and compare videos. I suppose with AI that might be possible in a few years to fake convincingly, but not yet
Just that easy, huh?
So much utility in BTC, you can send and receive :O
What else do you want to do with money? Sounds like you want to shitcoin. GFY.
The explanation is good. However, taking one step back, it all is still much too difficult for the AVERAGE user. It is like the internet in 1997. This tells me mass adoption of bitcoin as an investment is still in its infancy. The industry needs to come up wth something easier to self of multi sig custody.
Doing it without the cold card is easier. People who are in the business just feel the cold card is safest
If you are too simple to understand then they can hold your hand and walk you through. If you can't be bothered to learn something new then you can have fun staying poor.
no, it is totally against Btc in existence at all
Put down the pipe and try to make sense next time.