Understanding Blockchain Freedom — Episode 003: Safety and Security
Episode 003: Safety and Security
In this video I briefly cover some important basics you need to be aware of to safely and securely use cryptocurrency.
- Updated, Always-Running Antivirus
- Latest Operation System Security Updates
- Don't Download Random Stuff
- Use Verified Updates Only
- Physical Access Security
- At-Rest Disk Encryption
- Encrypt and Backup Your Wallet
- Backup Your Private Keys
- Get a Password Manager
- Double Check the URL
- Encrypted Backups on Cloud Storage
The first three videos of this series were recorded on the same day using a laptop in my closet. :) Future videos will have a clean backdrop with a high quality camera and lighting, so stay tuned! Thank you for supporting me so far. My next video will demonstrate how to get your crypto off of an exchange and transfer it to a Breadwallet mobile application.
To support my work via donations:
SBD/STEEM: @lukestokes
Bitcoin: https://onename.com/lukestokes
BitShares: luke-stokes
Ethereum: lukestokes.eth
Previous Episodes:
Follow @ubf where I'll be resteeming these videos.
Thank you for supporting this project. I hope it's useful to you, your friends, and your family. I appreciate you resteeming these episodes as well as sharing understandingblockchainfreedom.com on your social media outlets so we can educate more people about the decentralized future.
As a programmer and Steemit witness, I want to help bridge the gap between technology and understanding. I'm constantly working to improve my communication skills to help others. If you have a witness vote available, I would certainly appreciate a vote for @lukestokes.mhth
I look forward to the future progress of this project. Thank you for joining along with me.
@lukestokes -I am glad to see this thorough description of security measures. I was able to use this almost as a checklist to ensure my Steem account in particular and crypto in general is secure. It is interesting that you mention 'Double check URL'. I believe the recent hack during an ICO was started with a duplicate website being built as first step. Much closer home, my wife recently showed me an email purporting to be from our bank and had a link to a 'look alike' website! Thank you for your effort to bring enlightenment on security and also your effort to bridge the gap between technology and understanding. With the world using more and more of blockchain technology for various things every day, such bridging of the gap is vital. Upvoted. I have already voted for you as witness. I am not sure if I can do more to support. Please let me know.
At my end, I have added a Gif blog with an exciting 'Bathing beauties-Elephant herd tracking and dust bath story'. I request you to take a look when you have time and provide your comments. It will be an honor for me. Thanks
@lukestokes is amazing i upvoted
Thanks for these tips. It's a difficult transition for most people to go from the "protection" that banks and credit cards provide to the responsibility of making sure your possessions are secure.
I followed you as a result of this video post and resteemed it. This information needs to be shared!
Thank you!
Yes, I completely agree. It's not just a shift in consciousness regarding banks and money, but also in terms of personal responsibility verses collectively trusting in others, many of whom don't have our best interests in mind. Cryptocurrency, I think, will lead to a much different and hopefully more self-aware future.
What if a hacker discovers your backup of Steemit private keys, is your account lost forever?
No because Steemit (unlike any other blockchain) has an account recovery system. You can challenge the ownership of an account and whoever is set as your account recovery account (defaults to Steemit) can then verify your ownership as long as you have at least one private key that was recently used. After that, you can create new keys only you control. Also, because of Steem Power and the savings account system, much of your Steemit wealth can be locked up. Other cryptocurrencies like bitcoin are not so forgiving.
Luke I appreciate you taking the time and explaining it thoroughly for me. Thank you for being a great Steemian.
I am new to Steemit and am going to be using it as a safe way to learn about cryptocurrencies. Good to read that Steemit it more forgiving. I am now following your posts.
Thank you for posting this helpful information! I'm new to investing in crypto currency, and this answers a lot of questions I had!
Thanks for watching! Stay tuned for new videos as they come out. You can also follow @ubf to get just the videos or use understandingblockchainfreedom.com to link right to them.
Will do, thanks!
great post. keep up the good work
Thank you @lukestokes! For making the road of cryptocurrency easier for us the beginers.
Simple and very easy to understand @lukestokes. Great for newbies like me, especially in the crypto world. Still struggling about blockchain and cryptocurrency. Takes time to learn, eventually i will get a hang of it. :)
I hope my first two videos will help with that. If you check them out, please let me know what you think.
Okay gonna check them out now.
And upvote them with my awesome 0.01 power :))
Great tips as you can never be too careful when it comes to security in crypto land. I just revamped my security procedures yesterday and saved my public address and private keys for my ethereum wallet to two separate USB disks.
I'm also considering getting a Trezor but will do a bit more research on it first. The only thing that I haven't done yet is better protect my private keys stored on my laptop. I was a bit worried about leaving them on there but didn't want to get rid of them either. I like your idea about encrypting private keys on laptop. I think that just might solve my problem.
Also, I keep a dedicated journal where I have all crypto related passwords stored and it really helps to keep things organized. I just have to ensure to keep it in a safe place of course.
You forgot porn. Another no-no on the same device as your wallet or any passwords that could lead to your wallet.
I'd count that as number 3, but it's a good point. Lots of malware out there on porn sites according to people like John McAfee.
Very informative, thanks buddy!