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On the 17th June this happened in London
My thoughts go out to Ram and his family. This prompted me to think about personal security which I’ll discuss in this newsletter. Multisignature WalletsIf you have someone you trust with your money then one possible solution is to setup a gnosis multisig wallet. This would mean that multiple signatures from multiple parties are required to access the funds. This is standard practice for organisations working in the space but it’s something we should be using more for personal funds as well. Gnosis safe wallets are free to use, they have a leading UI and are trusted with billions of dollars of capital. More information here: https://safe.global/
Keeping Cold WalletsMost major towns and cities will have somewhere which offers safe deposit boxes. Natwest, Lloyds, Halifax and Metrobank currently offers a small safety deposit boxes for around £20/month. Hardware wallets can’t be opened in the event of a major heist without the pass code so theft at that level is somewhat unlikely. Removing them from your home removes the incentive for attacks like this. More info here:
Security At HomeI don’t want to talk too specifically but investing in a robust home security system offers some peace of mind. Security measures like WiFi cameras and motion detection systems aren’t expensive now and can act as deterrents. Things like window locks and perimeter security make it slightly harder for someone to break in discretely. Many modern security systems now come with mobile apps which provide real time monitoring and instant alerts. Address Leaks OnlineLedger had a database leak and if you bought a ledger directly from them then your name and address is in a publicly available database. Not ideal. There are also various other ways that your personal address can be found online. Do a search for your name and first line of address and see what comes up. I hope this provides some food for thought and it’s an opportunity to take preventative action and learn from someone else’s misfortune. Best of luck to Ram who has contacted exchanges to help track the funds.
It’s a bull flag right… right?
There’s not much market structure below, where do you bid if the bottom drops out? $52k maybe, $42k surely. That would be a 43% decline from the top, the likes of which we haven’t seen since the FTX collapse. Think it’s somewhat unlikely and my base case is still for a continuation of the uptrend towards $100k later this year. Social links are below and if you enjoyed this newsletter I would appreciate it if you could share this content
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