Run Forrest Run! Is Your Bitcoin Safe From Wildfires and Wars?!

Life is Like a Box of Cryptos...

Mama always said life is like a box of chocolates you never know what you're gonna get. Well turns out bit coins are kinda like that too. You think you got 'em safe then bam! Wildfires in California folks on the internet cryin' 'bout their metal plates gettin' burnt up. Can you believe it? I mean what's next sharks chasin' your digital money?

Hot Wallets Cold Wallets and Bearly Any Sense

Now they got these things called 'hot wallets' and 'cold wallets.' Hot wallets are like Jenny always runnin' around on the internet. Cold wallets are like me sittin' on that bench in Savannah nice and offline. Seems like folks are learnin' that keepin' your bit coins offline is like keepin' your shrimp boat outta the hurricane. Less chance of things goin' belly up.

Run Forrest Run... To a Secure Storage!

This fella Nick Neuman from Casa he says most folks only use one key to protect their bit coins. That's like only havin' one oar on your boat you ain't gonna get very far! He says losing that key is like losing all your shrimp. Gone. Poof. Just like that. Best get yourself a good safe or maybe bury it under a tree like my friend Bubba would do with his shrimp recipes!

Multi Sig? Sounds Like a Fancy Dance Move

Then there's this thing called 'multi sig.' Sounds like some kinda fancy dance move but it's just about usin' multiple keys. Like havin' Lieutenant Dan lookin' after half your keys while you look after the other half. If you lose one you still got the other! Smart right? Smart like Jenny when she finally came home.

Diversify Like You Diversify Your Shrimp

This Jordan Baltazor fella at Fortress Trust says you gotta diversify! That's like Bubba Gump Shrimp. You got your boiled shrimp your fried shrimp your coconut shrimp... well you get the idea. Don't put all your bit coins in one basket spread 'em out like seeds in a field. Then maybe just maybe you'll have a good harvest.

And That's All I Have To Say About That Except...

But what happens when you kick the bucket? What happens to your bit coins then? Well these companies like Coinbase and Bitkey are thinkin' about that too. They got ways to make sure your kids get your bit coins even if you ain't around to tell 'em the password. Seems like they're tryin' to make bit coins a little less like life and a little more like a box of chocolates that keeps on giving. And that's all I have to say about that.