Trace Mayer on Why You Must Own Your Bitcoin Private Keys

Mr Obnoxious - Un pódcast de Peter McCormack

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Interview location: Skype
Interview date: Monday 17th Dec, 2018
Company: Premier Ark LLC
Role: Manager

Own your private keys! OWN YOUR PRIVATE KEYS!

How many times are people told to make sure they own their private keys and not risk holding their Bitcoin on an exchange but they still do? Bitcoin offers people the chance of financial self-sovereignty but yet too many leave their Bitcoin on an exchange, exposing themselves to the risk of hacks, confiscation and exit scams.

Trace Mayer is attacking this problem head-on with his campaign Proof of Keys, where he is encouraging everyone to take their Bitcoin off-exchange on January 3rd, the 10-year anniversary of the launch of the Bitcoin protocol.

Trace rightly points out that there are many new entrants to Bitcoin who aren’t aware of what happened with Mt. Gox as well as the other countless exchange hacks. In this interview, we discuss the campaign, but we also discuss why Bitcoin is important, Austrian Economics and The 7 Network Effects of Bitcoin.

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Timestamps:
00.03.49: Intro and welcome
00.05.04: What is Bitcoin and who is it for?
00.06.01: The 7 Network Effects of Bitcoin
00.22.59: Introduction to Austrian Economics
00.37.30: Interest Trace has in crypto outside of Bitcoin
00.44.34: Bitcoin being ahead of target
00.49.55: Thoughts on KYC/AML in reference to Tim May article
00.53.16: Proof of Keys
01.07.05: Why you should run your own full node
01.09.57: How to stay in touch with Trace

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Helpful Links:

Connect with Trace:
- On Twitter @tracemayer
- On LinkedIn
- On Medium
- On CrunchBase
- His website: https://www.tracemayer.net/
- The Bitcoin Knowledge Podcast

Follow Proof of Keys:
- Website: https://proofofkeys.com

Interviews with Trace:
- Max Keiser Interviews Trace Mayer on the Keiser Report
- Finance and Crypto | Exclusive Bitcoin Interview with Trace Mayer
- Trace Mayer Interview - State Of Bitcoin Heading Into 2019

Mentioned in the interview:
- 7 Network effects of Bitcoin stuff
- Lightning Network
- Austrian Economics
- Ludwig von Mises
- Murray Rothbard
- Peter Schiff debate with Erik Voorhees
- Ari Paul buying options on Bitcoin
- Tim May’s Coindesk article

Other relevant WBD podcasts:
- WBD055: Vijay Boyapati's Bullish Case for Bitcoin
- WBD047: Adam Back on a Decade of Bitcoin
- WBD043: Dan Held on Bitcoin's Immaculate Conception
- WBD003: Bitcoin Philosophy and Tech with Jameson Lopp

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