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Revealed: Michael Saylor talks about the truth of burning BTC keys in an interview. Is it estate planning or market strategy?
On February 9, Cointelegraph released a clip of Fox’s interview with Strategy Chairman Michael Saylor in January.
Many media outlets reprinted this report, with more explosive headlines than one another. Some media reported that Michael Saylor was going to burn his BTC keys when he was dying to ensure that these tokens would never be sold. These headlines are so eye-catching!
So let's take a look at what Saylor actually said, whether he really hinted at something, and what his real purpose was in proposing to burn the keys?
What exactly was said in the Saylor interview clip?
Many media outlets reprinted this report, with more explosive headlines than one another. Some media reported that Michael Saylor was going to burn his BTC keys when he was dying to ensure that these tokens would never be sold. These headlines are so eye-catching!
So let's take a look at what Saylor actually said, whether he really hinted at something, and what his real purpose was in proposing to burn the keys?
What exactly was said in the Saylor interview clip?
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$ETH #新币挖矿 How do the big guys in the currency circle keep their private keys? They give it to their wives, and the wives elope with a gigolo? !
All the old leeks in the circle know that "private keys are the law". There may be countless ways to lose money in this circle, but the most unexpected and easiest to ignore way is to forget the wallet mnemonic or store it online and it is stolen... Then the preservation of private keys becomes an important issue.
Because the traditional field has a perfect financial management system, the use of each asset requires the approval records of various departments. In the web3 circle that advocates decentralization and trustlessness, owning a private key means having the right to dispose of assets. For those big guys in the circle who have too much Bitcoin and even become a trouble, how do they keep their private keys? Do their wives manage money? If you accidentally step on the sewing machine, how can you pay the vast number of customers? Will your wife elope with a gigolo with the private key? This is not something I made up. I have personally experienced a related case. A certain industry giant was framed and imprisoned, and our assets were frozen by certain departments. The police told us that the private key was in the hands of a certain general and his wife. His wife swore that she was penniless and borrowed money from us to fight the lawsuit. Later, it was confirmed that the wife fought against the iron fist for her husband, showing the traditional Chinese excellent women's iron-willed and loyal virtues. After a period of time, she mastered the private key and lived in the same community with the white gloves of the department. Whether it was to relieve the embarrassment of her husband being imprisoned, or to legally transfer the husband's family's property to her own pocket, it is unknown. Click on the avatar to follow me, share the bull market strategy layout for free, and various contract spot point references. Be my fan, take you ashore, you just lie down. #私钥 #币圈段子
All the old leeks in the circle know that "private keys are the law". There may be countless ways to lose money in this circle, but the most unexpected and easiest to ignore way is to forget the wallet mnemonic or store it online and it is stolen... Then the preservation of private keys becomes an important issue.
Because the traditional field has a perfect financial management system, the use of each asset requires the approval records of various departments. In the web3 circle that advocates decentralization and trustlessness, owning a private key means having the right to dispose of assets. For those big guys in the circle who have too much Bitcoin and even become a trouble, how do they keep their private keys? Do their wives manage money? If you accidentally step on the sewing machine, how can you pay the vast number of customers? Will your wife elope with a gigolo with the private key? This is not something I made up. I have personally experienced a related case. A certain industry giant was framed and imprisoned, and our assets were frozen by certain departments. The police told us that the private key was in the hands of a certain general and his wife. His wife swore that she was penniless and borrowed money from us to fight the lawsuit. Later, it was confirmed that the wife fought against the iron fist for her husband, showing the traditional Chinese excellent women's iron-willed and loyal virtues. After a period of time, she mastered the private key and lived in the same community with the white gloves of the department. Whether it was to relieve the embarrassment of her husband being imprisoned, or to legally transfer the husband's family's property to her own pocket, it is unknown. Click on the avatar to follow me, share the bull market strategy layout for free, and various contract spot point references. Be my fan, take you ashore, you just lie down. #私钥 #币圈段子
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Is it necessary to keep the private key after keeping the mnemonic phrase?
How to use a mnemonic phrase to recover multiple wallet addresses?
#助借词 #私钥
Mnemonic phrase, in the field of cryptocurrency, usually refers to a group of words that can be used to recover a wallet. A mnemonic phrase can recover multiple private keys because it is generated according to a certain algorithm, which can derive an infinite number of private keys from the mnemonic phrase.
In Bitcoin and many other cryptocurrency systems, a technology called Hierarchical Deterministic Wallet (HD Wallet) is used. This wallet uses a single mnemonic phrase (usually consisting of 12, 18 or 24 words) as a seed, and then a series of private and public key pairs can be generated through this seed. This process is deterministic, which means that as long as there is a mnemonic phrase, the same series of private keys can be repeatedly generated.
In this way, users only need to remember one mnemonic phrase to control and recover all addresses and corresponding private keys in the wallet. The recovery process is generally:
Select the option to restore the wallet through the wallet software. Enter your mnemonic. The wallet software uses the mnemonic to generate a seed, and then derives a series of private keys from this seed. Using these private keys, the wallet software can find all the public keys and addresses generated by these private keys, and check all transaction records associated with these addresses on the blockchain.
Please make sure to restore your wallet in a safe environment, because once the mnemonic is leaked, it may result in the loss of funds. In addition, different wallets may use different derivation paths. If there is a problem during the recovery process, you need to check whether the correct path is used.
$BTC
How to use a mnemonic phrase to recover multiple wallet addresses?
#助借词 #私钥
Mnemonic phrase, in the field of cryptocurrency, usually refers to a group of words that can be used to recover a wallet. A mnemonic phrase can recover multiple private keys because it is generated according to a certain algorithm, which can derive an infinite number of private keys from the mnemonic phrase.
In Bitcoin and many other cryptocurrency systems, a technology called Hierarchical Deterministic Wallet (HD Wallet) is used. This wallet uses a single mnemonic phrase (usually consisting of 12, 18 or 24 words) as a seed, and then a series of private and public key pairs can be generated through this seed. This process is deterministic, which means that as long as there is a mnemonic phrase, the same series of private keys can be repeatedly generated.
In this way, users only need to remember one mnemonic phrase to control and recover all addresses and corresponding private keys in the wallet. The recovery process is generally:
Select the option to restore the wallet through the wallet software. Enter your mnemonic. The wallet software uses the mnemonic to generate a seed, and then derives a series of private keys from this seed. Using these private keys, the wallet software can find all the public keys and addresses generated by these private keys, and check all transaction records associated with these addresses on the blockchain.
Please make sure to restore your wallet in a safe environment, because once the mnemonic is leaked, it may result in the loss of funds. In addition, different wallets may use different derivation paths. If there is a problem during the recovery process, you need to check whether the correct path is used.
$BTC
See original
$ETH #新币挖矿 How do the big guys in the currency circle keep their private keys? They give it to their wives, and the wives elope with a gigolo? !
All the old leeks in the circle know that "private keys are the law". There may be countless ways to lose money in this circle, but the most unexpected and easiest to ignore way is to forget the wallet mnemonic or store it online and it is stolen... Then the preservation of private keys becomes an important issue.
Because the traditional field has a perfect financial management system, the use of each asset requires the approval records of various departments. In the web3 circle that advocates decentralization and trustlessness, owning a private key means having the right to dispose of assets. For those big guys in the circle who have too much Bitcoin and even become a trouble, how do they keep their private keys? Do their wives manage money? If you accidentally step on the sewing machine, how can you pay the vast number of customers? Will your wife elope with a gigolo with the private key? This is not something I made up. I have personally experienced a related case. A certain industry giant was framed and imprisoned, and our assets were frozen by certain departments. The police told us that the private key was in the hands of a certain general and his wife. His wife swore that she was penniless and borrowed money from us to fight the lawsuit. Later, it was confirmed that the wife fought against the iron fist for her husband, showing the traditional Chinese excellent women's iron-willed and loyal virtues. After a period of time, she mastered the private key and lived in the same community with the white gloves of the department. Whether it was to relieve the embarrassment of her husband being imprisoned, or to legally transfer the husband's family's property to her own pocket, it is unknown. Click on the avatar to follow me, share the bull market strategy layout for free, and various contract spot point references. Be my fan, take you ashore, you just lie down. #私钥 #币圈段子
All the old leeks in the circle know that "private keys are the law". There may be countless ways to lose money in this circle, but the most unexpected and easiest to ignore way is to forget the wallet mnemonic or store it online and it is stolen... Then the preservation of private keys becomes an important issue.
Because the traditional field has a perfect financial management system, the use of each asset requires the approval records of various departments. In the web3 circle that advocates decentralization and trustlessness, owning a private key means having the right to dispose of assets. For those big guys in the circle who have too much Bitcoin and even become a trouble, how do they keep their private keys? Do their wives manage money? If you accidentally step on the sewing machine, how can you pay the vast number of customers? Will your wife elope with a gigolo with the private key? This is not something I made up. I have personally experienced a related case. A certain industry giant was framed and imprisoned, and our assets were frozen by certain departments. The police told us that the private key was in the hands of a certain general and his wife. His wife swore that she was penniless and borrowed money from us to fight the lawsuit. Later, it was confirmed that the wife fought against the iron fist for her husband, showing the traditional Chinese excellent women's iron-willed and loyal virtues. After a period of time, she mastered the private key and lived in the same community with the white gloves of the department. Whether it was to relieve the embarrassment of her husband being imprisoned, or to legally transfer the husband's family's property to her own pocket, it is unknown. Click on the avatar to follow me, share the bull market strategy layout for free, and various contract spot point references. Be my fan, take you ashore, you just lie down. #私钥 #币圈段子
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About Our Mnemonic Business
1. Mnemonic Checksum Correction
2. Algorithm Error Importing Mnemonics with No Assets (and Different Addresses)
3. 1-2 Incorrect Mnemonics
4. Mnemonic Import Prompt Invalid Verification
5. Private Key Import Prompt Synchronization Failed
6. BTC Backup File Corrupted, but Original File and Computer Still Available
Note: If it is a 24-word mnemonic (FRR backup file required)
If anyone encounters such issues, you can contact us for assistance. If you refer clients to us, you can enjoy a 20% share of the total assets, we take a 30% commission, and the client receives 50%.
Note: We will take our commission only after successfully recovering the assets.
#助记词 #私钥
1. Mnemonic Checksum Correction
2. Algorithm Error Importing Mnemonics with No Assets (and Different Addresses)
3. 1-2 Incorrect Mnemonics
4. Mnemonic Import Prompt Invalid Verification
5. Private Key Import Prompt Synchronization Failed
6. BTC Backup File Corrupted, but Original File and Computer Still Available
Note: If it is a 24-word mnemonic (FRR backup file required)
If anyone encounters such issues, you can contact us for assistance. If you refer clients to us, you can enjoy a 20% share of the total assets, we take a 30% commission, and the client receives 50%.
Note: We will take our commission only after successfully recovering the assets.
#助记词 #私钥
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