Bitcoin Twin Cities

Bitcoin Twin Cities offers in person education for individuals and organizations seeking to learn how to fully benefit from the Bitcoin network.

Services

• Learn how to setup secure self custody and manage your keys.

• Learn privacy best practices.

• Learn how to check a transaction for accuracy and prevent loss of funds.

• Learn how to setup and procure mining equipment.

The education process is different for everyone so sessions are billed hourly to adresses any aspect of the above topics you wish to cover.

What is Bitcoin

Bitcoin is simply the safest, strongest, smartest from of money ever discovered/created. It's essentially an accounting software running on millions of peoples computers to track a fixed number of tokens that you can use to spend or receive and ensure that the bitcoin you receive are real bitcoin. Verification is done automatically by the software checking the shared full history of transactions to see that the origin of that bitcoin is from a miner that had to expend real energy to unlock it.

Money doesn't have intrinsic value, it's just a trusted from of accounting. What gives gold value is not the utility value but the "unforgable costly-ness", there is no way to make more gold without difficult expensive process of mining.

How to buy bitcoin:

1. From a public exchange : river.com / swanbitcoin.com

2. From a private exchange : bisq.network

3. By mining : compassmining.io

How to self custody bitcoin

Bitcoin transactions are tracked on the blockchain, which is just a technology for synchronizing a distributed database accross the world. In order to add a new transaction you have prove that you are the rightful owner of the destination address of a previous transaction, the bitcoin that was sent to you.

Bitcoin is based on a math of randomness. If all the atoms in the universe (2^256) were numbered you randomly pick one, and thats where you store your signature, a single atom on a grain of sand on a beach in Mars is unique enough to use like a wax seal.

Coming up with large random numbers and doing the math needed, to use them for proving you own the bitcoin at that location, is tedious, so many companies make calculator devices with the main purpose of signing, like a wax seal, your bitcoin transactions. These are called Hardware Wallets. You can use them to generate many random address to receive bitcoin, and to sign transactions without ever sharing that first random number, the location of you unique wax seal.

Rules of Self custody

1. Never share your private key (24 word mnemonic, or 256bit XPRIV)

2. Never lose your private key.

Seed -> Private Key -> Public Key -> Addresses

Practical Use cases:

Medium privacy:

1. Acquire BTC on an exchange

2. Acquire acquire hardware wallet

3. Engrave the 24 word seed into steel and put in safe.

4. Use a hardware wallet with wallet software to generate an address

5. Send the BTC from the exchange to your address

More privacy:

1. Acquire BTC from Bisq

2. Send to hardware wallet with wallet software connected to your own node

More security:

1. Use multiple hardware wallets in a n-of-m (eg 2-of-3) multi-signature wallet.

2. Document the multi-sig wallet with each key and distribute with family/lawyers/geo-distributed safe boxes.

Each of these options require learning or hand holding, I have done thousands of hours of research and practice and want to help others, email now to schedule an appt.

All information is for educational purposes only and does not constitude advise to buy or sell any investements, we do not facilitate any exchanges or offer any legal or tax advise.