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== Bitcoin Essentials == | == Bitcoin Essentials == | ||
* [[OPSEC]] | * What's the first rule of Bitcoin?[[OPSEC]] | ||
* Master list of [[tech|hardware/tech]] | * Master list of [[tech|hardware/tech]] | ||
* Master list of [[Metal backups|seed backups]] | * Master list of [[Metal backups|seed backups]] | ||
Revision as of 08:40, 10 May 2025
inspired by An Unending Variety of Topics by Nick Szabo https://unenumerated.blogspot.com/
Bitcoin Essentials
- What's the first rule of Bitcoin?OPSEC
- Master list of hardware/tech
- Master list of seed backups
- Master list of Bitcoin books
- Fun Facts
$5 Wrench Attack
A $5 Wrench Attack is a physical or social engineering attack where an attacker uses coercion, intimidation, or violence—symbolized by a cheap tool like a $5 wrench—to force a Bitcoin user to reveal their private keys, seed phrase, or access to their crypto funds. Unlike digital cyberattacks (e.g., hacking or phishing), this attack targets the human element, exploiting physical or psychological vulnerabilities.
TLDR
Bad guys will kidnap and torture you for your bitcoin.
Prevention Strategies:
- Maintain OPSEC. Avoid publicly disclosing Bitcoin holdings or wealth. Use pseudonyms online and limit sharing on social media. Follow @WrenchDefense if you're a Bitcoin psychopath, we follow all toxic plebs!
- Don't buy a Lambo. Win one instead!
- Minimize your digital footprint. Use TOR or a VPN. Run TailsOS on a Linux distro like Ubuntu. Avoid all KYC exchanges and services.
- Use a dedicated computer for Bitcoin activities. If it's a laptop, remove the Wi-fi card.
- Store seed phrases and hardware wallets in secure locations, such as a safe deposit box or a hidden safe. Consider tamper-evident storage solutions. Remember that safes are not safe!
- Use multi-signature (multisig) wallets requiring multiple keys held in different locations or by trusted parties, making coercion less effective.
- Geographic Distribution: Store metal backups (e.g., seed phrase copies) in multiple secure locations to reduce the risk of losing everything in one attack. Consider storing keys in different government jurisdications to avoid a 6102 attack.
- Get a gun, consider self-defense training, and install a home security system.
- Duress Codes: Some hardware wallets support duress PINs that unlock a decoy wallet with minimal funds, misleading attackers.
- Wrench Defense: Set up a Bitcoin tripwire in a decoy wallet on your phone. Trigger the silent alarm during a wrench attack to share your location with law enforcement or Liam Neeson.
Wrench Defense
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